Author: Wayne Heilman Special to the Gazette
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Colorado Springs defense contractor easily beats own revenue, earnings forecast
Vectrus Inc. on Thursday reported better-than-expected revenue and earnings for the fourth quarter and all of last year after retaining all key contracts it rebid and winning eight new contracts totaling $1.5 billion either started or awarded last year. Even though revenue for 2017 was down from 2016, the Colorado Springs-based defense contractor easily beat…
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Veteran advertising executive joins Gazette as vice president of advertising
Jim Broyles, a veteran Gannett Co. Inc. advertising executive, is returning to Colorado as vice president of advertising of The Gazette. He starts in the post March 7. Broyles previously had spent two years as advertising director of the Montgomery Advertiser in Alabama, two years as advertising director of The News-Star Media Group in Monroe,…
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Colorado Springs area unemployment rate drops to 2.5 percent, lowest since at least 1990
The booming Colorado Springs area job market set another milestone in April with a 2.5 percent unemployment rate, the lowest recorded by the U.S. Bureau of Labor Statistics in records beginning in 1990. The April jobless rate is down from 2.7 percent in March and 4.1 percent in April 2016. The rate is the lowest…
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Colorado Springs supertanker company signs first U.S. contract
Global SuperTanker Services LLC, the Colorado Springs-based owners of the Boeing 747-400 equipped for battling wildfires, has signed its first U.S. contract with Douglas County and is seeking similar agreements with the Colorado Division of Fire Prevention and Control, Cal Fire and the U.S. Forest Service. The $200,000 agreement with Douglas County puts the world’s…
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Colorado Springs sales tax revenue surges 16.2 percent in April
Colorado Springs sales tax collections stayed on a roll in April, surging 16.2 percent over April 2016, for the eighth consecutive double-digit percentage increase and ninth in the past 10 months. Tourism had its best month in more than 16 years, and homebuilding also surged. Collections of the city’s 2 percent sales tax in April,…
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Colorado Springs lab firm recovers from near-shutdown to double in size
Pyxant Labs Inc. was nearly at the point of shutting down when CEO Maurice Gaubatz instead shifted to a new strategy that has helped the Colorado Springs-based pharmaceutical testing company to double its staff to 50 people in the past year with plans to add 150-250 employees during the next five years. Three years ago,…
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Speaker: Make generational differences a positive in workplace through collaboration
Employers should avoid making assumptions about generational differences in their workforce and give members of different generations more chances to work together on projects to build collaboration, according to a speaker Thursday at an employment law conference in Colorado Springs. Bridget Morris of the Denver-based Mountain States Employers Council, which provides human resources information to…
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Wells Fargo executive: Margin for error in commercial real estate investments now slim
The margin for error investing in commercial real estate in most major cities is slim to nonexistent as a result of rising prices, according to a Denver-based executive with Wells Fargo & Co.’s real estate asset management group. Research not just into the target property, but also the real estate market and economy of the…
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Peak Structural owner named Colorado Springs small business person of year
Paul Sutton, owner of Peak Structural Inc., was named Small Business Person of the Year during the annual Small Business Week awards Thursday. It concluded a five-day series of events that included a food truck competition, workshops and a cybersecurity demonstration. The Palmer Lake company was started in 2002 and does foundation repair in the…
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Colorado Springs unemployment rate falls to 2.7 percent, lowest since at least 1990
The Colorado Springs-area job market was the tightest since at least 1990 as the unemployment rate fell to 2.7 percent, the U.S. Bureau of Labor Statistics reported Wednesday. The March rate was down sharply from 3.4 percent in February and 3.6 percent in March 2016, and is the lowest in the federal agency’s records for…