Author: Wayne Heilman
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Colorado Springs banks undergo transformation. Here’s what you will (and won’t) find.
Editor’s note: This story is corrected to note that KeyBank locations include drive-thru windows. Also, KeyBank opened its first new location in Colorado in 10 years. Customers at one of Bank of America’s new branches in Colorado Springs won’t find drive-thru windows, safe-deposit boxes, teller lines or vaults. Neither Bank of America nor KeyBank calls…
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Bank deposits fall in Colorado Springs area as consumers save less
Deposits in Colorado Springs-area financial institutions declined in the 12 months ending June 30 by the biggest percentage in at least 30 years, a sign that consumers are spending more and saving less amid persistent high prices, officials said. The 5.4% drop in deposits is the largest in data available from the Federal Deposit Insurance…
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UCCS Economic Forum this week with new director at the helm
Bill Craighead has big shoes to fill in replacing Tatiana Bailey as director of the University of Colorado Colorado Springs Economic Forum. Bailey spent eight years as the forum’s first full-time director, expanding the annual event with presentations to business and civic groups year-round and raising its profile by frequently commenting on economic data in…
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Crunch! Colorado Springs business park ‘proving the doubters wrong’ with newest addition
Peak Innovation Park, the business park owned by the Colorado Springs Airport, has landed another distribution center and negotiations are underway to soon bring another major employer to the city’s largest commercial development. The 104,000-square-foot distribution center will be built just south of the military rapid deployment terminal and is a major milestone for the…
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$4.26M in tax incentives offered to persuade Colorado Springs defense contractor to add more jobs
The incentives for Infinity Systems Engineering were approved under the code name “Project Thoroughbred.”
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Colorado Springs just got ‘more attractive and desirable’ — with opportunities abounding
After four years of uncertainty, Colorado Springs businesses got an answer on whether the U.S. Space Command, its 1,200 employees and $1 billion in annual economic impact will remain in southern Colorado when President Joe Biden on Monday canceled its move to Alabama. The long-awaited announcement, reversing the move to Huntsville, Ala., ordered in January…
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Progress report: Work continues on Air Force Academy visitor center, new hotel
A new hotel under construction just outside the Air Force Academy’s north gate is on schedule to open late next year, but other parts of the surrounding development have been delayed as inflation and interest rates have surged. Dan Schnepf, CEO of Blue & Silver Development Partners, which is developing the 51-acre True North Commons…
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Hotel with rooftop pool, upscale rooms closer to reality in Cripple Creek
Cripple Creek’s gaming industry will take its first steps toward becoming more like what gamblers see in Black Hawk with the opening late this year of a massive expansion of Bronco Billy’s Casino that will feature 300 upscale hotel rooms and other amenities. Las Vegas-based Full House Resorts, owner of Bronco Billy’s, is spending $250…
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Progress report: Work continues on Air Force Academy visitor center, new hotel
A new hotel under construction just outside the Air Force Academy’s north gate is on schedule to open late next year, but other parts of the surrounding development have been delayed as inflation and interest rates have surged. Dan Schnepf, CEO of Blue & Silver Development Partners, which is developing the 51-acre True North Commons…
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Versatility brings UCCS a new College of Business dean
Thomas Aicher seemed destined to work in both academia and athletics. His father was a professor and a football coach for much of his career — leading his son to become a faculty member and eventually dean of the University of Colorado Colorado Springs College of Business. Aicher, 45, will become permanent dean in August after…