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Local economy on a slow rebound

Economic numbers from early 2014 would lead economists to believe there’s another recession in America. Not so, said Fred Crowley, a UCCS professor of economics, economic consultant and well-known authority on the subject.  In the first quarter of the year, the gross domestic product dropped 2.9 percent, an annualized number, Crowley said. “Normally, if you… Continue Reading Local economy on a slow rebound

Local market cools, but still holding up

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Local market cools, but still holding up

Following a summer full of home sales hype, both the local and national residential real estate markets cooled off in September for the first time in months. Although the Colorado Springs market may be on the decline until the new year, local experts say it is faring better than most. After hitting the highest level… Continue Reading Local market cools, but still holding up

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Don’t forget Crowley’s theme

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Fred Crowley moved to Colorado Springs 15 years ago from the Northeast, ready in his late 40s to step away from his life as an economist. He arrived here in 1998, amid the best times for Colorado Springs and its local economy. Soon, Crowley was turning his planned early retirement into a second career, first… Continue Reading Don’t forget Crowley’s theme

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A rebounding real estate market, new home construction and increased auto sales seem to be leading Colorado Springs in an economic recovery, according to a Quarterly Updates and Estimates report from the Southern Colorado Economic Forum. The economy has been slowly growing since 2011, according to the report. The Business Conditions Index stands at 111.72,… Continue Reading Report: New home construction and auto sales leading economic recovery

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As far as post recession recoveries go, the country is right on track. Never mind the screaming headlines that predict the end of the world, said Jim Paulsen, Wells Capital Management chief investment strategist. “I just think there are high odds that (the world) won’t end,” he said. Paulsen, who has been named a top… Continue Reading Economy tracking toward recovery; local outlook not as rosy

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While Mayor Steve Bach won’t talk about his plans for job creation, local economists have ideas of their own. “I’m intrigued by some of the options,” Tom Binnings, partner at Summit Economics, said. “I think the EDC historically has targeted the right industries — the high-tech, high-paying jobs. But maybe there are some ‘sleepers’ we… Continue Reading How to get there: Local economists have ideas for stimulating job growth

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Ho-hum: Springs economy staying the same

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What difference does a year make? When it comes to the Colorado Springs economy: very little. At this time last year, the city was optimistic about the path forward. Fred Crowley, professor of economics at the University of Colorado at Colorado Springs and principal of the Southern Colorado Economic Forum, predicted steady recovery. And he… Continue Reading Ho-hum: Springs economy staying the same

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The local economy is improving, despite what naysayers are wont to say. It’s not all doom-and-gloom anymore, and one local economist is out to prove it with data. Year-to-date residential home resales are up 8 percent in El Paso County. Nationally, however, resales are down 22 percent. “We’ve fared so much better than the national… Continue Reading Local economy improving, Crowley says

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It might not feel like it for everyone, but the local economy is definitely up. Continue Reading Midyear economic report: Springs’ rebound under way

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Competition in the renewable energy sector is increasingly intense and many cities are far ahead of Colorado Springs, posing huge hurdles in the region’s effort to gain a foothold in the market. That’s the clear-eyed conclusion of a UCCS study published recently by Dr. Fred Crowley’s MBA class. The class, which generated a 226-page assessment… Continue Reading Springs faces big hurdles in renewables

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