As promised last week, this column includes local survey results about business activity and what to expect in El Paso County for 2009. Fred Crowley, senior economist and senior instructor at the College of Business and Administration at the University of Colorado at Colorado Springs, gave the audience at BiggsKofford’s Entrepreneurial Corner some insights about local economic issues.
The Mission Trace shopping center might soon receive an additional face lift. Key Community Development New Markets LLC, a subsidiary of KeyCorp, was one of 61 recipients to be granted a $100 million allocation of new markets tax credits from the U.S. Treasury Department.
Although he expected a “sluggish and mild environment” during the beginning of the year, Keith Hembre, chief economist and chief investment strategist for FAF Advisors, said that the economy was instead moderate, with stable unemployment and robust corporate earnings. But that’s not all that happened in the economy, he told the audience at U.S. Bank’s economic update breakfast at The Antlers Hilton.
My fears — that all the espresso in the city would not suffice to keep me awake during an early morning international business seminar — were entirely unfounded. Roy Becker’s presentation to a group for the Office of International Affairs at the Pikes Peak Workforce Center was witty, memorable and useful.
An increase in commercial lending is a result of the area’s healthy economy. However, rising interest rates may slow businesses’ borrowing. “We have had a good, long sustained run of about eight or nine years that’s historically one of the longest economic cycles we’ve seen,” said Ralph Miller, the vice president of commercial loans at 5 […]
There is a single mortgage lending document that comes with 1,000 pages of instructions banks are required to follow. “Banks are the most heavily regulated industry in the nation,” said Amanda Averch, director of communication for The Colorado Bankers Association. “[The association] is aware that the cost of compliance has become a much heavier burden […]