Author: JESSICA SNOUWAERT
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Community partners create grants for business affected by Club Q shooting
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The Colorado Springs Chamber & EDC plans to support local businesses affected by the Club Q shooting by creating a fund of $40,750 and awarding businesses grants from that pool of money, according to a news release from the organization. The fund is dedicated to businesses that lost revenue, were forced to close, reduced employee…
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Centura offers $30,000 bonuses to entice nursing hires
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Labor is running thin, so Centura Health is increasing incentives for nurses to make the job more attractive to prospective workers. The Colorado-based health organization, which includes Penrose-St. Francis Health Services in Colorado Springs and encompasses 21,000 health care professionals across Colorado and western Kansas, is offering $30,000 signing bonuses for night shift nurses who join…
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Colorado’s auto market faces challenges but outperforming U.S. as a whole
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Beset by economic headwinds, Colorado’s new vehicle registrations declined 14.5% through the first nine months of the year compared with the same period in 2021, according to a report released this week by the Colorado Automobile Dealers Association. Supply chain issues, limited inventories, surging inflation and increasing interest rates are among challenges creating concern for…
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Colorado sees flat unemployment rate, signaling a return to normal
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Colorado’s unemployment rate remained unchanged in September at 3.4%, the Colorado Department of Labor and Employment reported Friday. The number of unemployed fell by 2,200 from the month before, but the unemployment rate stayed unchanged due to rounding, according to the report. Colorado Springs hotel lodging sees boost in September Ryan Gedney, a senior economist with…
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Colorado business leaders gloomy as inflation drives their fears
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Colorado’s business leaders are stuck under a rain cloud as the Leeds Business Confidence Index fell to the fourth-lowest level in its 20-year history, with business owners pointing to inflation, interest rates and supply chain issues, among other factors, for their negative perceptions. The index, released Thursday by the Leeds Business Research Division at CU…
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Colorado Springs economist: Nation headed for recession — or already in one
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Strong economic headwinds are creating enough volatility that the country is headed toward a recession in 2023, if it is not already in one, a top local economist said. Tatiana Bailey, director of the University of Colorado at Colorado Springs Economic Forum, will discuss that outlook and the current conditions facing the nation, state and…
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For Colorado’s regional small business administrator, family matters
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A month after Aikta Marcoulier started her new job overseeing 580,000 square miles of the West as the regional administrator for the Small Business Administration, her mother died. Marcoulier’s mother, Dr. Rajeshvari Verma, was 70 when she succumbed in June to interstitial pulmonary fibrosis, a disease that destroys lung tissue. Despite losing who her sister…
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Western cities are already learning to live with less water
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Urban areas in the West and water districts are working to conserve water from the Colorado River Basin as it continues to face its driest 22-year stretch in more than 100 years. (Video by Skyler Ballard) Mike Petkash’s shaggy black dog Brandy bounded across his backyard chasing after a tennis ball. She leapt up the…
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Report: Colorado economy continues to outperform, but headwinds are fierce
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While Colorado continues to outperform the nation and most states in job recovery and growth, business owners are decidedly glum about the future, a midyear economic report by the University of Colorado Boulder Leeds School of Business released Friday shows. The latest Colorado Business Economic Outlook shows Colorado with the second-highest labor force participation rate…
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More teens working in Colorado, U.S. than before the start of COVID-19 pandemic
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School is out for summer and that means teens aren’t only looking forward to warmer weather and vacations, but also summer jobs. And they’ll have plenty of company. In 2021, 39.6% of teens ages 16 to 19 were participating in the nation’s workforce, while 32% of Colorado teens in that age group were part of…
