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 […]
More than 100 homeless people living in tents on Springs Rescue Mission property were ordered to leave Oct. 12 after the nonprofit received a zoning violation due to a rapid increase in campers and complaints. The city of Colorado Springs’ Neighborhood Services Division issued the citation after receiving a number of calls for service to the […]
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 […]
During his second State of the City address as mayor of Colorado Springs, John Suthers spoke at The Broadmoor hotel on Sept. 8 about the city’s progress and potential — painting an optimistic picture of health and prosperity. “A year ago, in my first State of the City address, I reported that the state of […]
In an attempt to make lemonade out of particularly sour lemons, Pueblo County Commissioners put an ambitious “De-Brucing” measure on the November ballot last week. If voters approve, the county will be able to retain revenue that would otherwise be refunded to voters, and use them to fund multiple transportation and civic improvement projects. In […]
A video crew from the destination marketing organization Brand USA captured recreation on Pikes Peak and near Garden of the Gods Aug. 25 to attract more international outdoor enthusiasts to the area. In partnership with the Colorado Springs Convention and Visitors Bureau and Colorado Tourism Office, Brand USA filmed horseback riding and hiking near […]
Colorado Springs businesses could reel in big dollars once filming for the upcoming Netflix movie, “Our Souls at Night,” begins in the area next month. Production will start around September 12 in Colorado Springs, Denver and Florence, Colo., with Colorado Springs being its home base and its cast [to include Robert Redford and Jane Fonda] […]
With continuing movement of people to Colorado and revenue caps set by the state’s constitution, Colorado will face a budget crisis, said Vectra Bank Colorado President and CEO Bruce Alexander. “If you look at the requirement for a [state] refund and the in-migration, we don’t really have the money to keep the roads up. We do have a […]
Colorado’s first Joint Land Use Study offering citizens an opportunity to weigh in on military and community land use issues began this week, with an online community survey open through May 31 and telephone town hall scheduled this month. The Pikes Peak Area Council of Governments is asking for public input, requesting El Paso County […]
Colorado Springs’ economy ranked 178th in economic growth among 515 large cities in the United States by WalletHub. Within the state rankings, Colorado Springs was listed 11th, behind Denver, Longmont, Boulder, Fort Collins, Greeley and others. The WalletHub study, 2015 Cities with the Fastest Growing Economies, used 10 significant metrics...
Is Colorado Springs finally emerging from its long economic funk? Are we at last moving forward into the broad, sunlit uplands that Winston Churchill believed awaited England once Nazi Germany was vanquished? It took England decades to shake off the wounds of war, shed its colonial empire, restructure social and...
The Pikes Peak region saw both ups and downs during the fourth quarter of 2014 as the economy continued to climb slowly from recession-era lows, according to a report by the Southern Colorado Economic Forum. The report’s primary component, the Business Condition Index, indicated that the “local economy performed well...