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EDC audit call: Just political grandstanding?

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Colorado Springs Councilman Sean Paige’s contentious proposal to spend scarce city dollars on an audit of the Economic Development Corporation is sadly symbolic of our current economic difficulties. In normal times, the council wouldn’t wrangle over a couple of $100,000 line items in the city and utilities budgets. But, of course, these aren’t normal times.… Continue Reading EDC audit call: Just political grandstanding?

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The debate over public money for private jobs

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Should public dollars be used to fund job-creation? That question came up once again this week after Colorado Springs councilmember Sean Paige set off a scrum by calling for an audit of the Economic Development Corp., which receives about 5 percent of its budget from city taxpayers. That’s enough public funding, according to Paige and… Continue Reading The debate over public money for private jobs

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At today’s informal  City Council meeting, Councilman Sean Paige will propose a formal city audit of the Colorado Springs Regional Economic Development Corp. In an email to his colleagues, Paige spelled out his reasons. “(The EDC) has cumulatively received a lot of taxpayer and ratepayer money over the years, which makes up a sizable portion… Continue Reading Paige calls for EDC audit

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Metal fabrication, product development and partnered engineering services company NCT Technologies Group has leased a facility at 1908 Aerotech Drive, Suite 110 and began operations in Colorado Springs this month. The Ohio-based company will initially employ five workers at the Colorado Springs facility with anticipated growth to 18 employees over the next five years. Their workforce will mainly consist of experienced… Continue Reading Manufacturer’s tech group opens local office

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We’re a backwater? Not by a long shot

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Our community was recently characterized as a “backwater,” which is defined as “a place regarded as cut off from the mainstream of activity and consequently regarded as quiet or unimportant.” Whether the comment was uttered out of frustration, with no malice or forethought, or if it only referred to our involvement in the world of… Continue Reading We’re a backwater? Not by a long shot

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Wind company under investigation

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Steve Stultz failed to show up for appointments, failed to install equipment properly and failed to make good on contracts, according to complaints filed with the Iowa Attorney General’s office. Stultz, owner of Prevailing Power and Rocky Wind Power, sells wind-power generators for people’s homes. In each of the four complaints received by the attorney… Continue Reading Wind company under investigation

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City Bits

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EDC leadership awards The Colorado Springs Regional Economic Development Corp. presented its 2008 Economic Development Leadership Awards last week. David Jenkins, chief executive officer of Nor’wood Development Group, received a Community Enhancement Award for development of quality projects and exceptional corporate philanthropy. Economic Impact Awards for the largest positive annual impact on the funding for… Continue Reading City Bits

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Angelou Economics’ market assessment of the Pikes Peak region says that Colorado Springs is a beautiful place to live, but it paints a less than pretty picture overall. The region scores high on many “quality of life” issues such as natural beauty, recreational opportunities and climate. The study also gives the region high marks for… Continue Reading Angelou Economics study: great views but future looks bleak

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Boston, Portland and Philadelphia all have one. And soon, Colorado Springs will join the list of cities with sustainable business networks. The Pikes Peak Sustainable Business Network launches March 12. It is a program of the Catamount Institute, a nonprofit group whose mission is to teach school children about the benefits of environmentally sound stewardship.… Continue Reading Second try gets green light

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