The Greater Colorado Springs Chamber and EDC rallied business leaders, city and county officials, utility representatives, and bankers to form a rapid response team for businesses affected by the fire.
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Colorado highway and transportation officials are headed to Washington to fight for an extension of the federal fuel tax. Congress must extend the tax or it expires Sept. 30. The Colorado Department of Transportation receives nearly $400 million a year from the federal fuel tax. Officials from of the Colorado Transportation Commission, the Denver Regional […]
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El Paso County and Colorado Springs will receive part of a $54.6 million annual severance tax and federal mineral lease direct distribution payment made by companies that extract minerals and energy from the state. El Paso County will receive $16,179.29 and $17,609. 47 from the state’s Department of Local Affairs....
Gov. John Hickenlooper released an updated version of the statewide economic development plan created earlier this year to spur Colorado’s economy, help businesses grow and attract new jobs to the state. “Colorado is already seeing the benefits of taking a bottom-up, collaborative approach to economic development,” Hickenlooper said. “Earlier this month, Arrow Electronics announced it […]
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Hang onto your wallets, Colorado. The Legislature is back in session. It’s an old joke, but it holds special significance for the 2012 session. This year, it’s all about helping voters’ pocketbooks. Expect long arguments over the next five months about how to strengthen the economy, chip away at Colorado’s 8 percent unemployment rate, and […]
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Private commercial construction spending was up 17 percent nationally year-over-year in January, according to a report from the Associated General Contractors of America. Construction spending in January totaled $827 billion. While year-over-year construction spending was up across all sectors, spending slipped slightly in most construction categories in January, according to the report. Despite those declines, […]
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After calamitous losses on Wall Street and fears of another recession, the economy got a dose of good news Thursday: The number of people applying for unemployment benefits fell below 400,000 for the first time since April. Layoffs are easing in most states, and some economists are predicting mild improvement in job growth. The brighter […]
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Stocks wavered in early trading Tuesday after disappointing corporate earnings reports and concerns that France and Germany may not reach an agreement on additional support for Greece. The financial sector, however, outpaced all others in gains after Bank of America topped Wall Street expectations for the quarter. Moody's also warned...
Orders to U.S. factories rose in December, supported by a rebound in business investment in capital goods such as heavy machinery. The results cap off another strong year for U.S. manufacturing. Combined with strong figures released Thursday on job growth in January, they signal the economic recovery is gathering strength. Factory...
The Colorado Springs Chamber of Commerce and the Colorado Springs Economic Development Corp. will release a “press advisory” tomorrow for a major announcement. The two groups also plan to hold a press conference Tuesday – time and date to be set later – for a major announcement. Original plans for a Friday press conference were […]
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Oil rose Wednesday on renewed optimism about the U.S. economy, as traders took their cue from higher stock prices. Benchmark West Texas Intermediate crude for September delivery rose $1.25 to $87.89 per barrel in midday trading on the New York Mercantile Exchange. Brent crude, which is used to price many international oil varieties, increased by […]
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Across the nation, unemployment rates were lower in August than the prior year in 311 of 372 metropolitan areas, higher in 47 areas, and unchanged in 14 areas, the U.S. Bureau of Labor Statistics reported Monday. Although 28 metropolitan statistical areas had jobless rates of at least 10 percent, 41 had rates...