The United States is the only country that a majority of Colorado high-net-worth investors regard as a “good” investment for the upcoming year. At 60 percent, this is at least 25 percentage points higher than the next region and countries — Western Europe (35 percent), Japan (25 percent) and India (23 percent) — according to a recent poll […]
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A Colorado Springs business owner was indicted by a federal grand jury March 26 on charges of filing false income tax returns and evading reporting requirements. The office of Colorado U.S. Attorney John Walsh and IRS Special Agent Steven Osborne announced in Wednesday that Lisabeth Melahn, 53, of Colorado Springs, is scheduled to appear before a […]
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When President Donald Trump unveiled the broad framework for his proposed changes to the federal tax code, it raised more questions than it answered. Of course, it was simply the first step in what could be a lengthy congressional debate about the tax code. And Trump’s nine-page proposal — including the cover page — left […]
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Average consumer debt in Colorado, excluding first mortgages, declined for the third consecutive quarter to $18,816, according to the Federal Reserve Bank of Kansas City’s latest Consumer Credit Reports. In Colorado Springs, 5.2 percent of mortgages are past due, or 30 days or more delinquent, including those in foreclosure, according to the Fed. Also, 2.5 […]
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Once The Bank at Broadmoor merges with Colorado Community Bank, the combined bank will also have a new name: Northstar Bank of Colorado. “It can be tough to lose such a valued name in The Bank at Broadmoor, but there are many positive things coming out of this,” said Mark White, bank president. “Northstar Bank […]
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Mortgage Solutions of Colorado founder and CEO Roy Clennan is handing over day-to-day operations of his company to a newly hired president. Clennan, who founded the Colorado-based mortgage bank in 1997, had been doing both jobs of CEO and president of the company, which does business as Freedom Financial Services. “We are getting so big, […]
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Pot purveyors in the state and across the country may soon bid farewell to money mattresses and cash-only transactions. Two pieces of legislation introduced in Washington during this session have the potential to allow banks to offer their financial services to medical and recreational marijuana businesses in 23 states and the District of Columbia. Despite […]
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Traditionally, business people in Colorado Springs choose to invest in real estate, providing little money for venture capital or angel investing for the city’s startups. A local venture capital group wants to change the culture by inviting Denver investors and companies to the Springs. Organizers and business leaders believe collaboration with neighbors to the north […]
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U.S. Bank has opened its first office to provide Small Business Administration loans in the Colorado Springs market. Operating as U.S. Bank SBA Division, the new office is located at 6 S. Tejon St. in downtown Colorado Springs.  Jackie Gonzalez, a Colorado Springs resident, will lead the new office as business development officer.  She has more […]
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Ent Federal Credit Union announced this week a $12.5 million special dividend distribution to its members. More than 240,000 members in good standing will receive a minimum of $25, with an additional dividend amount based on the amount of interest they paid on loans and dividends they earned on deposits last year. The average dividend […]
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Despite a summer dip in consumer confidence, data released last month by the Colorado Automobile Dealers Association indicated a 5.7 percent increase in new car and truck registrations through August compared to the same eight-month period in 2013. “Strong sales over the Labor Day weekend put Colorado’s new car and truck sales back into positive […]
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Ent Federal Credit Union will sign a 15-year marketing and operating agreement with the University of Colorado Colorado Springs today that will include naming rights for the school’s soon-to-be constructed visual and performing arts center, according to a UCCS news release. The agreement, which UCCS Chancellor Pam Shockley-Zalabak and Ent CEO Randy Bernstein will sign on campus at […]
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