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American small businesses set a record pace of borrowing to start and expand their companies over the first three months of the current fiscal year, securing backing from the U.S. Small Business Administration on 23 percent more loans than in the same period a year ago. During the first quarter of FY 2005, which began… Continue Reading Demand for SBA-backed loans sets record pace in first quarter of 2005

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Springs foreign trade zone going unused

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In 1984, Colorado Springs established a foreign trade zone near the Colorado Springs Airport. Zone boundaries were later changed to the Interquest Business Park area because foreign trade zone board members felt businesses in that location were more likely to take advantage of it. However, that didn’t happen, and for almost two decades, since its… Continue Reading Springs foreign trade zone going unused

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Incubator eyes one-stop hub for entrepreneurs

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Gary Markle’s New Year’s resolution is to bring his concept of a central alliance center to fruition. Markle is the president of the Colorado Springs Technology Incubator, and he has been sowing the seeds of the Alliance for Economic Advancement center for at least a year. He thinks it’s time to reap the fruits of… Continue Reading Incubator eyes one-stop hub for entrepreneurs

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In Colorado Springs, fewer people have to look for work these days. Metropolitan Area Employment and Unemployment data were released by the Bureau of Labor Statistics on Dec. 29 for all United States metropolitan areas. In November 2003, 16,900 people were unemployed in the city. That number dropped to 15,800 in November 2004 according to… Continue Reading Employment numbers in Colorado Springs are rising

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Consumers are balancing their check books. Retailers are counting their blessings. Analysts are furiously trying to calculate what exactly happened during the 2004 holiday shopping season. Consumers were relatively slow to hit the stores this holiday season. Even as the hype of Black Friday loomed overhead, fewer shoppers than expected set out to purchase holiday… Continue Reading Web surfing and procrastinating in 2004 holidays (7873)

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Construction and development are booming as the city continues to grow. 2004 was quite a year for all those folks in the real estate sector. Dozens of new businesses came to Colorado Springs in ’04, generating activity in the commercial arena as well as in consumer’s wallets. Brokers, buyers, sellers and residents have weathered a… Continue Reading Change and growth for real estate in 2004 (7874)

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Manufacturing community comes together in 2004

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During the past four years, Colorado Springs lost more than 5,000 manufacturing jobs, not inclusive of the 4,000 jobs lost in the high-tech industry. Colorado lost about 50,000 manufacturing jobs during the same period. Since 1999, 2.7 million additional manufacturing jobs have been lost in the United States. Displaced American workers are paying a price… Continue Reading Manufacturing community comes together in 2004

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Banking and technology allowed to mingle

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As time ticks by, calendar pages flip and “business as usual” takes on a different meaning, things will inevitably change. In 2004, Colorado Springs saw a few transformations in the banking sector. The Check 21 program struck fear in the hearts of those folks who habitually write “hot” checks. And as the population of Colorado… Continue Reading Banking and technology allowed to mingle

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In 2004, the retail world in Colorado Springs experienced both highs and lows, from a sales spike brought on by the return of several thousand troops from Iraq to the closing of a downtown institution. Downtown will feel loss of bookseller When the Chinook Bookshop closed June 15, downtown Colorado Springs lost one of its… Continue Reading Retail faces challenges and sees opportunity in 2004

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It is good to have an end to journey toward, but it is the journey that matters in the end. -Ursula K LeGuin Penrose Main Hospital embarked on a new journey about two years ago with a plan to construct a new medical tower on its North Cascade campus. At the end of this journey… Continue Reading Penrose rings in New Year with East Tower Jan. 10 opening

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