Author: Wayne Heilman
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Colorado Springs aerospace company sold to DC-based firm
Colorado Springs-based aerospace contractor Boecore has been acquired by a Washington, D.C-based investment firm that focuses on aerospace, defense, government and technology companies. The deal, completed Friday with Enlightenment Capital, will give Boecore the financial backing needed to pursue more government contracts and add new technologies, Tom Dickson, who will remain at Boecore as president,…
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Flynn: Banks eliminating overdraft fees but other fees continue
As you may have heard, several household-name banks, following a campaign of nagging by the Consumer Financial Protection Bureau, have elected to modify or eliminate entirely their overdraft and/or insufficient funds fees. Included here are Citibank, Bank of America, Capital One, PNC, Ally, Wells Fargo and (maybe) JPMorgan Chase. Plus, there are many other banks…
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Budget boosted for Cripple Creek hotel and casino project
Full House Resorts, the parent company of Bronco Billy’s Casino in Cripple Creek, has increased its budget for its Chamonix Casino Hotel, now under construction, to $250 million. The Las Vegas-based company had estimated the project’s cost at nearly $200 million in August, but said the increased costs now reflect completion of subcontracting work for…
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Dramatic turnaround for semiconductor manufacturer in Colorado Springs, jobs on the way
A worldwide semiconductor shortage worsened by the COVID-19 pandemic has produced a major turnaround for a Colorado Springs plant that slashed more than 200 jobs two years ago. Microchip Technology announced plans Wednesday to spend $40 million retooling its Colorado Springs semiconductor plant with new technology that will result in adding 50 to 75 employees…
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Texas company planning second fiber network in Fountain
A Texas company that is building a fiber-optic network in Colorado Springs to offer discounted internet access with speeds up 100 gigabits per second plans to build a similar network in Fountain. Underline Infrastructure expects to complete a 22-mile “backbone” from which it will connect individual neighborhoods and customers in nine to 12 months and…
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Peak Vista names Florida health care executive as CEO
Dr. Emily Ptaszek, who heads a nonprofit health provider in Naples, Fla., has been named president and CEO of Peak Vista Community Health Centers, a Colorado Springs operator of medical clinics for the indigent. Ptaszek, who started her career as a clinical psychologist, will join Peak Vista on March 28, replacing Lisa Ramey, who has…
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Verizon Wireless plans second Colorado Springs data center
Telecommunications giant Verizon plans to build a second Colorado Springs data center adjacent to one it has operated off Garden of the Gods Road for more than a decade. The New York-based company is seeking approval through a Lakewood engineering firm to build a 49,000-square-foot data center on vacant land next to a center it built…
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Local 7 preparing to expand strike to Colorado Springs King Soopers stores
The union representing striking Denver workers at King Soopers is preparing to expand the work stoppage to Colorado Springs, according to a flyer posted late Tuesday on its website. The flyer said United Food and Commercial Workers union Local 7 is “making preparations for Colorado Springs to join the strike,” which was launched early Wednesday at…
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Colorado Springs stores not yet part of King Soopers strike
Don’t look for picket lines at Colorado Springs-area King Soopers stores on Wednesday, even though the union representing the chain’s Colorado workers was set to launch a strike at Denver stores starting in the pre-dawn hours. Workers in meat departments of King Soopers stores in Colorado Springs and several other cities, including Pueblo, remain under…
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Colorado Springs plays key role for Cheyenne Wells bank
The tiny town of Cheyenne Wells remains the home for Eastern Colorado Bank, but the bank is leaving an ever-growing footprint in Colorado Springs. The Springs has become a key market for Eastern Colorado Bank, making up half of the bank’s loans and housing the administrative hub for much of its information technology and other…