Jovial best describes the mood of the audience and Tom Naughton, Southern Colorado regional president, at a recent U.S. Bank Economic Forum breakfast at the Antlers Hilton. Norman Alvis, senior portfolio manager for the bank, zipped through an investment outlook that kept people on the edge of their seats. Some highlights: Markets move in phases. […]
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Once wrecked, then patched up for several years, the economy locally continues to improve, rolling along at a modest pace. Not that the region — or the nation, for that matter — ought to expect robust growth any time soon, if ever. “The new normal” of economic growth, as Jim Paulsen, chief investment strategist at […]
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As the nasty rhetoric and sputtering negotiations finally began leading toward a deal this week in Congress, ending the government shutdown and averting a potentially larger financial trauma over the federal debt ceiling, you could sense a huge exhale of relief across much of Colorado Springs and the Pikes...
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...
Colorado has $1.6 billion extra to spend this year, said House Minority Leader Brian DelGrosso, R-Loveland, and the state needs to devote dollars to rebuild infrastructure destroyed by this year’s flooding and wildfires. At a legislative breakfast sponsored by the Colorado Springs Business Journal, DelGrosso appeared as a panelist, along with Colorado Springs representatives Bob […]
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Five finalists were named in the Ingenuity Challenge grant program through Pikes Peak Community Foundation. The $10,000 grant is earmarked for a project that will positively impact the Pikes Peak region, said Kate Singh, communication & event manager for the foundation. Voting will close on Oct. 22, and the winner will be announced Oct. 24. The […]
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Your dog needs emergency surgery but you don’t have the cash. And your next payday isn’t for another couple of weeks. One possible solution, if you want your pooch to thrive, is to apply for a payday loan to get quick cash. You’ll come away with a healthy dog, but you’ll pay high interest rates […]
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The employment picture in the state continues to present interesting trends, including a slightly better unemployment rate than the country but a loss of government jobs. Employers in Colorado added 7,100 nonfarm payroll jobs from December to January and the state's unemployment rate improved, now slightly better than the national...
Colorado beer distributors are making a big splash in the state's economy, according to a new economic impact study by the National Beer Wholesalers Association. Colorado beer distributors directly employ 2,457 people and they generate $987 million in total economic impact. The association's report is titled,  America’s Beer Distributors: Fueling Jobs,...
Frontier Airlines will stop all flights out of Colorado Springs in April. The Colorado Springs Airport was notified this week that Frontier Airlines will discontinue its service in Colorado Springs. The move follows an announcement in mid-January, when Frontier announced that it would reduce its service in an out of the Colorado Springs Airport during […]
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Construction companies are taking out more single family permits. Consumers are feeling more confident. And, people are buying more cars. Three indicators, described in the Quarterly Update by the Southern Colorado Economic Forum, show the local economy has continued its growth since the summer of 2011. The best performance indicators were new single family permits, […]
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Colorado Springs ranks in the top 20 “best-run cities,” according to the website 24/7wallst. The article ranked the top best- and worst-run cities in the nation – San Bernadino is the nadir, and Plano was the zenith. In between, Colorado Springs ranked 14th on the best-run list, besting cities like Boston and Portland, Ore. In […]
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