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While commercial foreclosures, like a 58-lot development in Fountain that sold last week, have slowed, they are not moving off bankers’ books quickly. El Paso County Trustee Thomas Mowle said he’s noticed the number of neighborhood and vacant lot developments going into foreclosure decline in recent months. “In general, I would say they are becoming… Continue Reading Commercial foreclosures fewer, more expensive

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Financial planners help people invest their money, grow it and organize it for retirement. But these days, more and more planners are simply helping them get out of debt. Debt management is now counted among the basic services offered at most financial planning firms in Colorado Springs. And it’s not a fringe service accessed by… Continue Reading Debt management a growing part of financial planning

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Trust is key to success

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Trust comes from ownership, and in our workplaces, the degree to which trust each other is the central ingredient for success. A few weeks ago, residents of Fukishima, Japan said they did not trust their leaders to tell them the truth about the amount of radiation their children were being exposed to. And recently the… Continue Reading Trust is key to success

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Last week the Business Journal reported about the Convention and Visitors Bureau’s refusal to disclose details about how it plans to spend the $2.4 million in tax money it is getting from the city this year. The story revealed how blindly the Colorado Springs City Council and CVB board accept that if-asked-don’t-tell situation. During the… Continue Reading Council should scrutinize how CVB spends money

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Fountain Creek could be a big economic driver for the Pikes Peak region — but it needs some serious work first. Public officials and utilities workers are considering plans to upgrade the creek, which include turning part of it into a recreational draw similar to what Pueblo has done with its Arkansas Riverwalk, which winds… Continue Reading Fountain Creek – Colorado Springs’ riverwalk?

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In 2010, the Air Force Academy had the greatest economic impact in its recent history for the Pikes Peak region: $851 million. The reason: long-term, large scale construction projects. “It’s a 9-percent increase from last year,” said Lt. Col. Burke Beaumont, director of financial management and comptroller at the academy. “The primary reason is the… Continue Reading Construction boosts Academy’s economic impact

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Lyle Small is self-proclaimed nerd, an inventor who makes color-changing ink, but finding his inner CEO might be his greatest discovery. Small is a scientist with half dozen patents, including one for his color-changing ink that can be printed on a variety of surfaces. One of his most visible clients is Coors Brewing Company. Their… Continue Reading Changing-paint forces inventor to change his role

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If you’ve been reading this column regularly, you know we’re big on small business. Small business owners are the backbone of the national economy. As a small business owner, you provide jobs, innovation and leadership. You support your community with retail goods, events to attend, restaurants to savor, and services that help the rest of… Continue Reading Celebrate small business and its future on June 9

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ITT Mission Systems, located in Colorado Springs, provides technological services to the military in Iraq and Afghanistan, so it seems fitting that a retired Army general who served in Iraq lead the company’s efforts in the Springs. Lt. Gen. (Ret.) Kenneth Hunzeker worked in both infantry and armored positions in the Army, and also has… Continue Reading Hunzeker is leading ITT into its multi-tiered future

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People on the Move – June 3, 2011

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Terumo Corp. has appointment David Perez as chairman of the Global Blood Management business, representing the combined businesses of Terumo Transfusion. Perez continue in his role as President and CEO of the combined Terumo Transfusion and CaridianBCT businesses. Tom Maltais has been named Executive Director of Mosaic in Colorado Springs. He has served as interim… Continue Reading People on the Move – June 3, 2011

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