A Colorado Springs-based real estate firm’s quarterly report indicates that the local commercial market continues to lag behind many others in its climb to pre-recession health. Quantum Commercial Group LLC’s second-quarter market report showed vacancy rates are down in the office and retail submarkets, while they remain flat for industrial space. Quantum also reported that […]
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In November 1988, voters in the six-county Denver Metro Area (Adams, Arapahoe, Boulder, Denver, Douglas and Jefferson) were asked to approve a 1/10 of a cent sales tax for something called the Scientific and Cultural Facilities District. The district’s purpose: “to distribute funds for the support of cultural facilities whose primary purpose is to enlighten […]
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Colorado Springs is the newest hot market for the sale of apartments, according to information from the El Paso County Assessor’s Office. The total sales volume of apartment complexes of more than 30 units between Jan. 1 and July 1 in the county topped more than $273.5 million. That compares with a sales volume in […]
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A midyear economic report by the University of Colorado Boulder’s Leeds School of Business indicates the state continues to outshine expectations for growth in 2014. The report showed, among other things, that Colorado employment was up 3 percent in May compared to May 2013. The Colorado Business Economic Outlook published in...
When the stock market is high, poised possibly to fail, and when interest rates are at rock bottom, where does a person invest his or her money? “The stock market is up 180 percent from the March 9, 2009 bottom,” said Certified Financial Planner Jeff Jensen. “They remember when they...
Economic numbers from early 2014 would lead economists to believe there’s another recession in America. Not so, said Fred Crowley, a UCCS professor of economics, economic consultant and well-known authority on the subject.  In the first quarter of the year, the gross domestic product dropped 2.9 percent, an annualized number, Crowley...
Usually in this space, we look at issues through an upbeat lens, helping readers see the positive aspects of the Colorado Springs-area business community. We think it’s important to make sure more people hear and learn about the good things happening in our midst. But sometimes it’s just as vital to share and analyze what’s […]
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Colorado residents shoulder the 32nd highest state and local tax burden in the country, according to the Annual State-Local Tax Burdens report released today by the nonpartisan Tax Foundation. Using the most up-to-date data available, the report shows that taxpayers in Colorado paid 9 percent of their collective incomes...
Colorado has more jobs than ever, but recovery from the Great Recession continues to elude some areas of the state, including Colorado Springs. Those are some of the findings included in a report from Colorado State University’s Regional Economics Institute (REI). The report said the economy in the northern Front Range...
The Southern Colorado Economic Forum confirmed Friday that it has hired a new director to start this summer, relieving current directors Fred Crowley and Tom Zwirlein. Tatiana Bailey, who now works as an instructor at the University of Michigan and Walsh College, will become the Forum’s new director on June...
Outgoing chairman of the Federal Reserve, Ben Bernanke, spoke to a crowd of educators on Wednesday about financial literacy, the economy and the importance of teachers. In a live-streamed event from Washington, D.C., Bernanke oversaw a program billed as a “Teacher Town Hall: 100 Years of the Federal Reserve,” as reported by Michele Molnar in […]
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When asked to compare my experience as a senior business executive with my time as an Air Force general officer, my response is that the two are not all that different. People matter most; leadership with clear goals is essential; assessing risk and reward is a constant requirement. Another common thread: Stability and predictability are […]
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