Author: Wayne Heilman
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Colorado vehicle registrations decline, with a common theme to blame
Low inventories of new vehicles triggered a 10% decline in new vehicle registrations in Colorado in the first quarter and are expected to play an even bigger role in the second quarter, a dealer trade group said. The 57,618 new vehicles registered in the first quarter were down more than 6,000 vehicles from the more…
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Colorado Springs Airport resuming valet parking service
The Colorado Springs Airport will resume valet parking service Sunday, more than two years after the COVID-19 pandemic prompted the airport to shut down the service. The service, provided by airport parking contractor Reef Parking, will cost $19 a day for uncovered parking and $22 for covered space and will be available daily from 4:30…
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Colorado Springs hotels rebound, but not quite to pre-COVID level
Colorado Springs hotels saw solid occupancy in March, but the occupancy rate was shy of pre-pandemic levels. The 64.5% occupancy rate in March was a big improvement from the 54.9% level reached in March 2021, and was the third-highest level for that month in 21 years, according to the Rocky Mountain Lodging Report. Last month’s occupancy…
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Study: Colorado received $63 billion in COVID relief, stimulus
Colorado landed more than $60 billion in federal COVID-19 pandemic assistance and other funding during the past two years, according to a recent study by the Peter G. Peterson Foundation. The $63.6 billion in government cash, or more than $11,000 for each person in Colorado, came in stimulus checks sent to most Americans; a variety…
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Exponential Impact hosting first Colorado Springs Startup Weekend since 2019
If you want to hone your entrepreneurial skills, the first in-person Techstars Startup Weekend in Colorado Springs since 2019 will provide an opportunity. Springs Startup, part of the Exponential Impact incubator and accelerator that helps fledgling technology companies grow, will host the three-day frenzy of innovation that takes a business idea to a business model…
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Colorado Springs sales tax revenue shows no sign of slowing in March
Consumer spending in Colorado Springs showed no sign of letting up in February as the city’s sales tax revenue continued a lengthy string of consecutive double-digit percentage increases. The $15.9 million generated from the city’s 2% sales tax in March, which reflects sales mostly made in February, was nearly $30,000 higher than the previous month…
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Longtime Colorado Springs small business advocate named to SBA post
Aikta Marcoulier, who has grown the Pikes Peak Small Business Development Center into a key player in Colorado Springs, has been named to head the Small Business Administration’s regional office in Denver. She takes over May 23 as administrator of the agency’s Rocky Mountain regional office, which covers Colorado, Montana, North Dakota, South Dakota, Utah…
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Venture capital slows in first quarter amid stock market swoon
Investments in startup companies took a step backward in the state and the nation in the first quarter as falling stock prices, inflation and war in Europe curbed investor enthusiasm. Just one company in Colorado Springs, Roth Industries, raised money in the first quarter. The company, which sells prepared foods to major grocery chains, secured…
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Spectrum hosting job fair to fill 70 jobs at Colorado Springs call center
Cable giant Spectrum is hosting a job fair from 11 a.m. to 2 p.m. Thursday at the YMCA of the Pikes Peak Region’s southeast center, 2190 Jet Wing Drive, with plans to hire 70 customer service representatives. The job fair is part of the company’s plan to add 100 employees to its Colorado Springs call…
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Houston billionaire restaurant mogul buying Cripple Creek casino
A company controlled by Houston billionaire restaurant mogul Tilman Fertitta has agreed to pay about $43 million for the Wildwood Casino and Hotel in Cripple Creek in a deal expected to be completed this summer. Fertitta Entertainment, which owns Golden Nugget casinos in Las Vegas and four other locations, signed the agreement in November, according…