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 […]
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School security is a rapidly growing business nationwide. According to CNNMoney, school districts are increasing their investments in video surveillance, entry control systems, training and security forces. Colorado Springs school districts are no exception. Although local districts don’t disclose the specifics of security measures such as placement of cameras, they want parents to know that […]
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Colorado Springs’ aerospace industry is limited by its heavy focus on defense needs, but it can surge by thinking outside that box and adapting to commercial needs, according to Air Force Maj. Gen. (ret.) Jay Lindell. “When you’re developing capabilities to meet a certain government requirement, you may not be focusing on the private sector, […]
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The robots aren’t coming. Artificial intelligence and automation are changing the workplace and the way we tackle our jobs, but futurist Thomas Frey says new technologies aren’t about to put the country in the unemployment line. First of all, “in general, we’re not really at a stage of artificial intelligence,” said Frey, founder of the […]
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Educational institutions are using technology to assist teachers, make a wealth of material available to students and virtually transcend the traditional classroom. “We have a whole initiative in place because we have to prepare students for a world yet to be imagined,” said Devra Ashby, public information officer at Colorado Springs School District 11. “The […]
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It’s that time of year again. When the front aisles at local big-box department stores switch from carrying beach towels and sunscreen to rows of composition books, pens and, of course, glue sticks. “We are expecting a pretty strong back-to-school shopping season this year,” said Katherine Cullen, the director of industry and consumer insights at […]
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A lending opportunity is available to residents and businesses operating in Southeast Colorado Springs with the goal of helping prevent crime. “This is one of the most exciting and innovative approaches to criminal justice reform in the nation,” said Rep. Pete Lee, D-Colorado Springs. “The Transforming Safety project is an elegant meeting of economic development […]
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Local health care and employee benefit experts will discuss growing health insurance costs for employers and offer solutions at an upcoming panel. “[The panel] is intended to give a sense of the landscape on employer-provided benefits in the area, particularly for small businesses,” said Andrea Baldrica, panelist and senior vice president of employee benefits at […]
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The days of Baby Boomers being the largest demographic in the U.S. are coming to an end, as the Millennial population is projected to surpass the older generation in the next year, according to the U.S. Census Bureau. The shift likely will trigger changes in several industries, including health care, because of vast generational differences. […]
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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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Brian Durheimer got to know some of the staff, athletes and committee members from the Olympic Training Center when his Inertia Coffee Co. had a drive-thru location on Union Boulevard not far from the OTC. The business has moved to 406 S. Eighth St., a location with room for a café and the equipment for […]
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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 […]
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