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Mountain states end 2011 on strong growth pace

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Economic growth in the Mountain States region has exceeded that of the national economy yet again. For the past two years, economic indicators have been higher than the national average, according to the Goss Institute for Economic Research. And in Colorado, the state’s economic indicators also advanced thanks to new orders, delivery lead time and… Continue Reading Mountain states end 2011 on strong growth pace

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US factory orders fall for second straight month

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Companies decreased their overall orders to U.S. factories in October for the second straight month, evidence that the economy remains weak despite other signs of improvement. The Commerce Department said Monday that total factory orders fell 0.4 percent. September’s modest 0.3 percent increase was also revised to show a 0.1 percent drop. Demand for so-called… Continue Reading US factory orders fall for second straight month

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Bal-Seal expansion expected to create 210 jobs

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Engineering company Bal-Seal plans to build a $45 million, 137,000-square-foot manufacturing plant in Colorado Springs that the company says will create 210 jobs during the next five years. The Colorado Springs City Council approved an incentive deal Nov. 29 for Bal-Seal. In exchange for the intent to create jobs, the company received $543,000 in tax… Continue Reading Bal-Seal expansion expected to create 210 jobs

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Manufacturers seeking future work force

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Sparks fly every day in Scott Mannering’s classroom. Continue Reading Manufacturers seeking future work force

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About 2.8 million jobs, largely in manufacturing, have been lost as a result of the growing U.S. trade deficit with China, since that country’s entry into the World Trade Organization in 2001, according to a study released by the Economic Policy Institute. Colorado lost more than 55,000 jobs, according to EPI. The growing U.S. trade… Continue Reading Report: More than 2 million manufacturing jobs lost

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Springs, Pueblo share manufacturing focus

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There is talk around town about waking the sleeping giant that once was manufacturing. After years of silence about the decline of the El Paso County manufacturing sector, alarms appear to be sounding, starting with the Economic Development Corp.’s Local Industry Council, the Southern Colorado Business Partnership and the Greater Colorado Springs Chamber of Commerce… Continue Reading Springs, Pueblo share manufacturing focus

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A strong report on manufacturing is giving the dollar a slight boost ahead of a key U.S. jobs report for August. The Commerce Department says that factory orders climbed 2.4 percent in July, the largest increase since March. That helps ease some fears about the economy. Worries that the U.S. is dropping back into recession… Continue Reading Strong manufacturing report gives dollar a boost

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The myth about what’s behind the numbers

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Economists and businesspeople alike claim that numbers tell all. You can hide a problem, you can rationalize around it, you can even pretend it isn’t there. By the end of the month or the quarter, the numbers will tell the truth, the whole, truth, and nothing but the truth — unless you cook the books.… Continue Reading The myth about what’s behind the numbers

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Colorado gets a D for manufacturing economy

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Researchers at Ball State University graded all 50 states on their manufacturing efforts – and Colorado just barely passed. The research gave the state a D+ for manufacturing, despite news that the sector is rebounding from the recession, said Michael Hicks, director of the Center for Business and Economic Research. While production will have a… Continue Reading Colorado gets a D for manufacturing economy

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Nationwide, domestic manufacturing is growing at the fastest pace in seven years, and that could translate into jobs in Colorado Springs — especially at small businesses. The Institute for Supply Management reported that its index of manufacturing activity is at its highest level since 2004 — a big improvement from December 2008, when the index… Continue Reading After U.S. manufacturing spike, Springs seeks rebound

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