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When the EL Paso County Trustee’s office released its November foreclosure numbers, the month-over-month increase of 10.5-percent was not the only troubling statistic. The data also showed that 2010 will likely be the second worst year for foreclosures on record, and County Trustee Thomas Mowle doesn’t expect enough job growth in 2011 to offset the… Continue Reading With job market slow, forecast is for more foreclosures

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A group of business leaders is in a race against the clock to win Colorado Springs a spot in a federal pilot program that would allow homeowners to obtain low-interest loans for energy-efficiency improvements. The program, its advocates say, has the potential to stimulate economic growth and brand the city as a bastion of green-energy… Continue Reading Loan program aimed at creating jobs, saving energy

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Employment picture brightening despite calls to cut defense spending nationally While defense contractors throughout the nation are bracing for spending cuts from Washington, the outlook for hiring in Colorado Springs appears largely positive. Defense giants like Boeing, ITT Services and Northrop Grumman predict no downturn in their Colorado Springs employment picture, and smaller companies like… Continue Reading Springs defense contractors hiring by the hundreds

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A recent Deloitte report on the economic impact of the U.S. Olympic Committee on the Pikes Peak region included some impressive and well-publicized figures. According to the study, the USOC and 22 National Governing Bodies located in Colorado Springs account for 2,158 jobs, $215 million in yearly spending and earnings, brought 111,000 tourists to the… Continue Reading USOC branding potential for city ‘largely untapped’

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Married, middle aged, employed and living in a three-bedroom house, Shelly and Daryl Gottier never imagined they’d end up homeless — much less living along Monument Creek in a tent during winter. But that’s what happened. After a death in the family and losing their jobs in the midst of the economic downturn, they were… Continue Reading El Pomar serves up annual awards to local nonprofits

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Black Friday, the day after Thanksgiving, earns its moniker for what it typically does for retailer’s ledgers. It’s the date most store owners watch their year’s bottom line turn from red to black. So it only makes sense that a growing number of retailers would ask themselves, why not skip the slow-sales months altogether, open… Continue Reading Retailers increasingly turn to ‘pop up’ holiday stores

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Colorado Springs: The Mecca of the radical Christian right. Colorado Springs: Politically and philosophically dominated by religious nonprofits. Colorado Springs: Economically driven by those same nonprofits. Like it or not, that’s they city’s national image. Whether it’s wholly or even partly accurate is another question. The economic impact of locally headquartered national religious nonprofits is,… Continue Reading Waning fast: Economic strength of religious nonprofits

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There’s good news on the hospitality front: Group and convention business has been gaining traction this year, far exceeding expectations, and is expected to get even better next year. Last year at this time, the outlook was dismal. Instead, demand has increased sooner than most people predicted. The fourth quarter is looking strong or steady… Continue Reading Hotels’ convention business getting back up to speed

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Why this is a good time to gobble banks

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Mergers and acquisitions in the banking world are expected to rise in the next year after a period of relative quiet brought on by the recession. And in some people’s minds, there may never be a better time to buy a bank. In a typical year, there are about five to seven bank mergers in… Continue Reading Why this is a good time to gobble banks

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Begging for government help was definitely out of the question. Continue Reading COPPeR paints a blueprint for enlivening the local arts

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