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Local CEO: Excise tax hampers innovation

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Most of the focus of the Affordable Care and Patient Protection Act has focused solely on the insurance provisions in the law — whether it’s legal to require people to have health insurance. But another regulation, found deep in the bill, is causing problems for a company in Colorado Springs. “The medical device tax is… Continue Reading Local CEO: Excise tax hampers innovation

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Ex-staffer sues SunShare over salary

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A former employee of local solar power development company SunShare recently filed a civil suit against the firm and its owner for allegedly failing to pay him $60,000, according to court documents. Nicholas Hellbusch, a certified public accountant who worked for SunShare shortly after owner David Amster-Olszewski founded the company in June 2011, claims in… Continue Reading Ex-staffer sues SunShare over salary

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Every year about this time, the Colorado Springs Regional Business Alliance puts together a trip to Washington, D.C., for the area’s business and political leaders. Some of the visits have been more productive than others, depending on who was available at the nation’s capital to listen to local concerns. It’s safe to say that no… Continue Reading D.C. venture worth the effort

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Pinery’s plan changes rile neighbors

A number of Westside residents expressed frustrations about the Pinery at the Hill’s effect on the neighborhood last week at a meeting with the developer, owner and city planner assigned to the project. Concerns about traffic garnered most of the comments about changes made to the original plans for the Pinery, 775 W. Bijou St.… Continue Reading Pinery’s plan changes rile neighbors

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Nonprofit can restore flood-damaged photos

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Nonprofit can restore flood-damaged photos

As flood waters recede and clean-up efforts begin, a Denver nonprofit organization wants to educate the public to not throw away photographs, even if they appear ruined. Wet and dirty photos and videos can often be salvaged, and member companies and organizations of The Memory Preservation Coalition opened Memory Rescue Centers across the Front Range… Continue Reading Nonprofit can restore flood-damaged photos

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Springs Fabrication acquires Broomfield company

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Springs Fabrication, an engineered metal products manufacturing company in Colorado Springs, acquired assets and operations of IP Systems of Broomfield, Colo. The Broomfield location will serve the commercial and nuclear industries by providing isolated process systems. The company will retain its engineering expertise, intellectual property and technical fabrication skills. But since the acquisition by Springs… Continue Reading Springs Fabrication acquires Broomfield company

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Lockheed to continue support for missile defense in the Springs

Lockheed Martin received a $20 million contract to support air, space defense and missile warning systems for the North American Aerospace Defense Command and Cheyenne Mountain Complex as a modification to the military’s integrated space command and control program. Under this option, Lockheed Martin will sustain critical national defense missions at multiple locations worldwide. It’s… Continue Reading Lockheed to continue support for missile defense in the Springs

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Colorado Springs-based The Macalan Group, a security contractor, will pay the government $2.08 million and relinquish claims to an additional $744, 969 to settle allegations that the company submitted false claims in connection with a federal contract. Formerly known as NEK Advanced Securities Inc., the company had a contract with the Joint Improvised Explosive Device… Continue Reading Local defense contractor settles with feds for $2.08 million

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GoG Club to soon shift ownership

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After months on the market, a Garden of the Gods Club executive said that the facility, land and assets are in the process of being purchased. Few details are known of the club’s pending sale — including the identity of the buyer, who has requested anonymity until time of closing — which is being brokered… Continue Reading GoG Club to soon shift ownership

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Initial flood damage at $10m, city officials say

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Recent flooding in Colorado Springs will cost about $10 million in repairs to public infrastructure, according to Bret Waters, the city’s emergency management division director. “It’s conservative,” Waters said at Mayor Steve Bach’s monthly press conference. “Today’s the first sunny day, so we’re out still looking for damage. It’ll be higher.” Gold Camp Road is… Continue Reading Initial flood damage at $10m, city officials say

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