By the Associated Press The recession that ended three years ago this summer has been followed by the feeblest economic recovery since the Great Depression. Since World War II, 10 U.S. recessions have been followed by a recovery that lasted at least three years. An Associated Press analysis shows that by just about any measure, […]
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Esuite 360, which leases short-term office space and manages virtual offices, is offering space to businesses impacted by the Waldo Canyon Fire. The company has offices in three Colorado Springs locations, where displaced businesses can set up temporary offices free or at discounted rates. Business owners just need to send their stories in to Esuite. […]
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Colorado Springs has studied its downtown and come up with ideas for improving it. Now, city leaders are hoping one more study will show them how to implement those ideas.
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Colorado Springs unemployment figures remained unchanged in July, according to preliminary data from the Colorado Department of Labor and Employment. The area’s unemployment rate is 9.8 percent, higher than the state’s average of 8.3 percent. Colorado’s unemployment rate went up .1 percent in July from  the previous month. The state’s labor department said the increase […]
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Thanks to a state effort, the Pikes Peak Workforce Center added more than $2 million to the local economy and helped 837 people find job training. The Colorado Enhanced Approved Training Program allows people in the state who are receing unemployment benefits to receive 50 percent more a week if they are attending a traning […]
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In some ways, the local economy is showing its strongest performance since bottoming out in February 2009, but there are still concerns about employment and real income, according to the Southern Economic Forum’s quarterly update. The regional manufacturing index is up 43 percent since the recession and consumer confidence is up 19 percent. Economists at […]
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The annual report about progress of the South Academy Boulevard revitalization project is a mixed bag. City planners presented the report to City Council this week, and while new retail development along the corridor is planned, job opportunities are on a downward slope and overall progress seems to have hit a red light. “I like […]
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  UPS expects the global economy to get worse before it gets better. Again.   The world’s largest package delivery company is more pessimistic about U.S. growth than many economists. It predicts global trade will grow even slower than the world’s economies — a trend not seen since the recession. It’s making cuts in its […]
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Attendees of the upcoming UCCS Economic Forum will hear a slightly different presentation compared to the past few years. “The national economist and myself will be talking about the next U.S. economic downturn,” said Tatiana Bailey, executive director of the UCCS Economic Forum. “Colorado Springs and the state have been outperforming the nation … in […]
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  Falling natural gas prices are taking a toll on La Plata County’s budget.   The county was told Tuesday it could lose more than $920,000 in property-tax revenue because of a 25 percent drop in natural gas prices last year.   The assessed value of oil and gas development in the county changes annually […]
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Colorado Springs is enjoying a booming economy right now. According to the U.S. Bureau of Economic Analysis, the Colorado Springs area’s gross domestic product — an estimate of the value of goods and services produced in a metropolitan area — increased 5 percent in 2017, the biggest gain since 2010. But the rising economic tide […]
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An agreement between the city of Manitou Springs and the Manitou Urban Renewal Authority will result in a $1.8 million windfall for the city in the next 18 months. At its June 5 meeting, Manitou’s City Council approved an agreement that will allow the city to retain tax increment funding it normally remits to the […]
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