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After three long years, there is relief in Claude Comito’s voice. “People are calling,” said Comito, owner of Comito Building and Design, which specializes in million-dollar custom homes in exclusive Colorado Springs neighborhoods. “We have resurrected some deals that people put on hold a few years ago when the market started crashing,” he said. “We… Continue Reading Comito seeing a comeback for custom-homebuilding

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Have you ever been burned by a contract or committed to something you later wished you could get out of? Business commitments can be risky because they lock your company into obligations that could potentially have a negative impact on the company in the future. While the risk of commitments can be a problem for… Continue Reading Commitments, contracts are risky for small businesses

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Tom Elam has vast amounts of experience dealing with government contracts — first, as a member of the Air Force and then as a civilian. So when Colorado received permission for its first Procurement Technical Assistance Center, organizers knew exactly who to call. There are PTACs scattered throughout the United States, aimed at helping private… Continue Reading Elam shepherding companies through contracting maze

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In the first quarter of this year six companies courted by the Colorado Springs Regional Economic Development Corp. either moved to Colorado Springs or expanded their presence in the city. Four companies chose to move to Colorado Springs over competing markets such as Boise, Idaho; Salt Lake City; Albuquerque, N.M.; and Denver. Those companies are… Continue Reading 6 companies choose the Springs during first quarter

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Local employment figures for March show slow economic recovery for El Paso County, but political wrangling in Washington, D.C., has the power to derail progress. El Paso County’s unemployment rate dropped to 9.3 percent in March, marking a steady march downward from a high of 10.1 percent in November 2010. “Once you control for season… Continue Reading Federal budgetary haggling could derail local recovery

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While law firm merger and acquisition activity on the East coast continues at strong pace, it’s grinding to a halt in the Western U.S. Chalk it up to a difference in culture. Local attorneys say law is practiced in a decidedly different manner in the West than in other parts of the country. Lawyers are… Continue Reading Lawyers in West, Springs resist the ‘urge to merge’

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Congress is considering a bill that would help save banks from getting sucker-punched by defaulting commercial real estate loans. The bipartisan bill, known as the Capital Access for Main Street Act, is the brainchild of Colorado U.S. Reps. Ed Perlmutter, (D-7th District), Mike Coffman (R-6th District) and Scott Tipton (R-3rd District). If passed, the bill… Continue Reading Main Street Act would let banks delay reporting losses

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People on the Move – April 22, 2011

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Evan Pappas has joined KOAA as president and general manager. He comes from KSBY in San Luis Obispo, Calif. Sarah Thomas has joined KOAA as its Internet sales director. She comes from WRGB in Albany, New York. Regunall Graham has joined the SET clinic’s board of directors. Graham is a commercial sales consultant for Brown… Continue Reading People on the Move – April 22, 2011

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On the Horizon – April 22, 2011

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April 26 Business building blocks in a digital world The Pikes Peak Library District will host a class about protecting business information in a wireless world from 6 to 9 p.m. April 26. Call (719) 531-6333 for more information. April 28 Nonprofit Workshop The Pikes Peak Library District will host a class from 8 to 10… Continue Reading On the Horizon – April 22, 2011

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Lawmakers tackling homeowner transfer fees

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The General Assembly is considering a ban on a practice that is making at least one company millions: private transfer fees attached to real estate. Private transfer fees, usually between 1 and 3 percent of a property’s value, are added to a property and assessed every time it is sold for up to 99 years.… Continue Reading Lawmakers tackling homeowner transfer fees

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