Author: WAYNE HEILMAN
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$4.26M in tax incentives offered to persuade Colorado Springs defense contractor to add more jobs
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The Colorado Economic Development Commission on Thursday approved $4.26 million in state tax credits to persuade Colorado Springs defense contractor Infinity Systems Engineering to expand by hiring 459 people during the next eight years. The incentives were approved under the code name “Project Thoroughbred,” which the Colorado Office of Economic Development and International Trade describes…
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Space Command decision charts future of Colorado Springs’ economy
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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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Huntsville, in line for Space Command, makes presence known at Space Symposium 2023
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Amid the forest of more than 200 exhibitors at the Space Symposium are hundreds of companies hawking products and services, more than a dozen national space agencies, several states and chambers of commerce representing just three cities. The Colorado Springs Chamber & EDC and the Metro Denver Economic Development Corp. aren’t big surprises given they…
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Deadline in space faced by U.S., allies
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The U.S. and its allies are facing a deadline in space – the International Space Station will be taken out of orbit in January 2031, so the four companies planning to build commercial replacements must have their stations in operation by then to avoid a gap between them. The stakes are high, said Brent Sherwood,…
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Air Force general to assume command of Space Foundation
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The Colorado Springs-based Space Foundation has hired a soon-to-retire Air Force general to replace CEO Tom Zelibor, a retired Navy rear admiral, when he retires June 30. Maj. Gen. Heather Pringle is commander of the Air Force Research Laboratory at Wright-Patterson Air Force Base in Ohio and technology executive officer for the Air Force and…
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‘Greatest space show on Earth’ returns to Colorado bigger than ever
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The annual Space Symposium, the largest gathering of commercial, military and governmental figures in space technology in the world, returns to Colorado Springs this week as more and more nations and companies look to the stars – and as NASA prepares for a long-awaited return to the moon. The six-day event at The Broadmoor is expected…
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Neighbors divided on proposed roundabout at El Paso, Douglas county line
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Colorado transportation officials are studying whether to replace a temporary traffic signal at Colorado Highway 83 and County Line-Palmer Divide roads with a roundabout, but construction of the project is likely still a long way off. The Colorado Department of Transportation hasn’t secured funding for the roundabout, which officials estimate would cost up to $6…
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Tourism outlook: Pent-up travel demand will boost visitor numbers in the Pikes Peak region
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Colorado Springs tourism leaders are optimistic that visitors will return to the Pikes Peak region in near-record numbers as the two-year-old COVID-19 pandemic fades from view. Officials believe Americans are ready to take vacations after two years of trying to avoid infection, and they are spending heavily to bring those visitors to the region. Visit…
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Colorado vehicle registrations decline, with a common theme to blame
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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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Study: Colorado received $63 billion in COVID relief, stimulus
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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…
