Along with better food, bigger screens and 3D projections, movie theaters are offering more choices to consumers, said the New York Times. Hoping to reverse the downward trend of movie attendance, theaters across the nation are offering alternative content: boxing, opera and ballet. Read more at the Los Angeles Times.
HCA, a Nashville-based hospital chain, thrived during the Great Recession, said the New York Times. Profits at HCA, which controls 163 hospitals from New Hampshire to California, were higher than three of its competitors. And the beneficiaries are investment companies which have seen the value of their $33 million initial investment increase three and a […]
The base salary for Doug Price, the new CEO of the Colorado Springs Convention and Visitors Bureau, might seem like a fortune compared to the region’s median household income of $52,984. But it’s considerably less than what visitors bureau CEOs in other like-sized cities earn, and it appears to be about the same as his […]
During an interview with the Pueblo Chieftain’s Charles Ashby, Sen. John McCain said that he supported the “renegotiation” of the 1922 interstate compact, which governs the distribution of the waters of the Colorado River among the seven states that border the river. McCain was clear about the reasons: population growth in the lower basin states, specifically Arizona, Nevada, and California.
Venture capitalists spent $620 million in Colorado during the past three years — all for clean and renewable energy industries, but none of the money was spent in Colorado Springs. The city is missing out on one of the fastest growing industries in the country. A report from the Pew Foundation showed that job growth in Colorado for clean energy grew at 18.2 percent, ahead of overall job growth of 8.2 percent.
Supporters of Senate Bill 112 say the Colorado General Assembly is robbing Peter to pay Paul, and business owners are picking up the slack through increased taxes and fee assessments. Tim Jackson, executive director of the National Federation of Independent Businesses, a proponent of SB 112, said in a February news release, “When the going […]
For 15 years, Terry Sullivan worked to bring Colorado Springs a convention center that, in his opinion, the city desperately needed. But, in a stunning defeat for proponents, voters approved a ballot initiative in 2004 that barred the city from using tax money to plan such a facility. At first dismayed, the longtime CEO of Experience Colorado Springs at Pikes Peak, the convention and visitors bureau, says that he has accepted the results of the vote, and has moved on.
Apple plans to pay stock dividends and buy back some stock, according to reports in the New York Times. Its board authorized a $10 billion buyback of stock, and pay a dividend of $2.65 a share – a move that rewards shareholders from its $100 billion cash hoard. Read more at the New York Times.
The Colorado Springs Economic Development Corp., in cooperation with the Economic Vitality Group, presented its inaugural Excellence in Local Industry Awards on Nov. 2 to honor local primary employers, their achievements and contributions to the economy of the Pikes Peak region. Brian Vogt, executive director of the Colorado Office of Economic Develop-ment and International Trade, received a special award for his ongoing work to spur state economic development.
As northern El Paso County gets ready for the opening of a second new hospital, residents in the southern section of the county are feeling the strain from lack of medical services. “We’re grossly underserved out here,” said Lisa Cochrun, economic developer for the City of Fountain. “According to the assessment we had done of the impact of the new Fort Carson soldiers and their families, we’re going to have a huge need for medical services.”
Colorado Springs City Council dedicated two areas in City Hall this month to exhibit and celebrate citizen artwork. The first, located on the second floor, is a new gallery. The second, located on the third floor in Council Chambers, is a gallery dedicated for K-12 artwork. The first shows in City Hall through the month […]
Golfers are scrambling this week to get a membership at the exclusive Garden of the Gods Club before the rates increase by a couple thousand dollars. For the first time in several years, the Garden of the Gods Club is raising its membership fees, going from a $12,500 initiation membership fee to $15,000. Monthly dues […]