Author: Wayne Heilman Special to the Gazette
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Colorado Springs Volkswagen dealers say scandal hasn’t hurt sales
Only a handful of Volkswagen customers in Colorado Springs have asked to return the diesel vehicles they bought that are equipped with software that rigged the cars to beat U.S. emissions tests while failing to meet the nation’s emissions standards during actual driving, according to local dealers. Jerry Colten, managing partner of Al Serra Volkswagen…
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Colorado Springs Airport continues to see decline in traffic
Passenger traffic at the Colorado Springs Airport in July fell from the same month a year earlier for a fifth consecutive month. Passengers on departing flights from Colorado Springs totaled 56,147, down 6.6 percent from July 2014, the eighth decline in the past nine months. Small increases in passengers on Alaska and American weren’t enough…
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Report: Springs hotel occupancy down from last August
Hotels in the Colorado Springs area were a bit less full in August with occupancy declining from a year earlier for the first time since February as a result of a strong August in 2014, when the USA Pro Cycling Challenge helped fill area hotel rooms, according to the Rocky Mountain Lodging Report. The weeklong…
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Computer chip manufacturer that employs 1,000 in Colorado Springs part of multibillion-dollar deal
Atmel Corp., which employs about 1,000 in a computer chip manufacturing plant in Colorado Springs, agreed Sunday to be acquired by Dialog Semiconductor PLC in a $4.6 billion deal that is expected to be completed early next year. What will happen to the Colorado Springs plant remains unclear. The 500,000-square-foot operation provides 50 percent of…
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The Colorado Springs economy is dominated by one major employer – Uncle Sam. More than 60,000 civilians and military personnel work for the Department of Defense at the Air Force Academy, Fort Carson, Peterson Air Force Base, Schriever Air Force Base and Cheyenne Mountain Air Force Station. Thousands more collect retirement checks from the Air…
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Colorado Springs Airport gets nearly $12 million for repairs
The Colorado Springs Airport has been awarded an $11.7 million grant from the Federal Aviation Administration to repair the concrete apron around its passenger terminal. The apron, completed when the terminal was built in 1994, is the only pavement left at the airport that hasn’t been repaired or replaced in recent years. Airport Director Dan…
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Monument-based Integrity Bank spinning off wealth management
Integrity Bank is spinning off its fast-growing wealth management operation into a separate company under the same ownership so each can focus on a different market – the bank serves only the Colorado Springs area, while the wealth management operation has a national client base. The wealth management operation has grown to $650 million from…
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Garden of the gods club announces millions of dollars in renovations
Two years after buying the Garden of the Gods Club and Resort from a California development firm, local business executives Brenda Smith and Judy Mackey are spending more than $10 million into renovations and a major expansion of the northwest Colorado Springs icon. The renovation and expansion project could cost more than $30 million and…
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Raytheon schedules Colorado Springs job fair to fill up to 700 openings
Raytheon Co. has scheduled a career fair Monday in Colorado Springs to help fill the 700 openings it hopes to fill by the end of 2016 as it takes over a key North American Aerospace Defense Command contract. The event scheduled from 3:30 – 8 p.m. Monday at the Antlers Hilton hotel, 4 S. Cascade…
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Fourth-quarter hiring outlook in Colorado Springs weakest in nearly 2 years
Employers in the Colorado Springs area aren’t very optimistic about the upcoming holiday season, with the fourth-quarter hiring outlook the weakest in nearly two years, according to a quarterly survey by staffing giant ManpowerGroup. The percentage of area employers planning to hire in the October-to-December quarter exceeds those planning cuts by just 9 percentage points…