It’s been nearly a month since Amendment 70, Colorado’s new minimum wage law, took effect. The passage of the contentious proposal means the state’s base pay jumped from $8.31 per hour in 2016 to $9.30 per hour in 2017. It will increase 90 cents each year until the wage...
Inside a crowded Broadmoor hotel ballroom in October, the UCCS College of Business conducted its annual economic forum. Tatiana Bailey, forum director, pointed out the area’s historic low civilian participation rate — the percentage of the eligible working population (ages 16-65) who are active members of the workforce. While unemployment levels have bottomed out since […]
The Dallas Police and Fire Pension System Fund is tiny compared to the Colorado Public Employees Retirement Association, but its present dilemma may be instructive to the state’s often-beleaguered pension fund. Simply stated, the Dallas fund is nearly insolvent — so much so that it may drag the Texas city into bankruptcy. A recent editorial […]
Following the resignation of longtime CEO Elliot H. Pulham Oct. 25, the Space Foundation has hired a Denver-based executive recruiting firm to search for its next chief executive. McAleer Gray, the company managing the search, is looking globally for someone with significant aerospace experience, said Kevin Cook, vice president of marketing and communications at the foundation. “The Space […]
When David King hired John Smith a couple months ago, he didn’t do it for the tax credits or incentives. King did it, he said, because everyone deserves a second chance. For 12 of the past 15 years, Smith has been identified by a Department of Corrections-issued number. Drug convictions...
Colorado Springs’ first indoor water park and family resort will open at the end of next month and needs hundreds of new employees. Great Wolf Lodge Colorado Springs will host two information sessions on its 500 new part-time and full-time opportunities from 6-8 p.m. Nov. 10 and Nov. 15 at The Pro Rodeo Hall of […]
Amendment 70 proponents say the state’s minimum wage should be a living wage, while opponents say the market — not legislation — should decide. The ballot question proposes amending the Colorado Constitution to increase the state minimum wage from $8.31 to $9.30 per hour beginning Jan. 1 and then increase the wage annually by $0.90 […]
If women received the same pay as their male counterparts for doing the same work, Colorado’s gross state product would grow by $9.2 billion. That’s the message from the Women’s Foundation of Colorado, a statewide nonprofit focused on economic and workplace issues for women across the state. The group is hosting its annual luncheon in […]
Following the loss of its largest contract last month, global defense contractor Vectrus laid off 64 employees from its Colorado Springs headquarters Oct. 18 in a realignment effort. The reduction will cost the government services firm $2 million in severance expenses, but Vectrus anticipates an annual $8 million in savings from the change, according to […]
In recent years, “startup” has become among the most frequently used terms in the business world — but along with its ubiquity has come some confusion as to its definition. British venture capitalist Paul Graham defined a startup company as simply one that is built for scalability. “Being newly founded does not in itself make […]
New opportunities and aid for local veterans, service members and their families are now available, as partnerships and efforts to empower and provide high-quality care to the military community expand in the Pikes Peak region. El Paso County’s 80,000 veterans and 40,000 active duty personnel and their spouses can utilize free financial, legal and behavioral […]
With about 7,200 residents, ample outdoor amenities and Highway 24 bringing traffic directly through town, Woodland Park’s business district should be thriving. But even as they gear up for a busy tourism season, some local business owners say the lack of young professionals in the area has limited hiring, resources and quality of services in […]