Author: Wayne Heilman Special to the Gazette
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Fire, flooding take a big bite out of 2013 hotel business in Colorado Springs area
Two nationally televised events last year – a wildfire and flooding – combined with the two-week federal government shutdown to pound the Colorado Springs area hotel industry, sending the 2013 occupancy rate to a four-year low and keeping room rates to the smallest gain in three years. The average occupancy rate for local hotels fell…
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Venture capital eludes Colorado Springs, hits nine-year low in Colorado
Venture capital investments in Colorado fell to a nine-year low last year and bypassed the Colorado Springs area for a third consecutive quarter, according to a quarterly survey. No Colorado Springs startup has landed an investment from a venture capital fund since computer storage manufacturer X-IO received $2 million in the first quarterof 2013. And,…
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El Paso County’s new rules could affect area airports’ expansion plans
El Paso County Commissioners have approved new regulations that could require the city-owned Colorado Springs Airport to get a county permit for major expansions or other changes affecting nearby property in the county. Airport officials say they’re concerned, because the rules could slow future projects. The rules, which apply to all airports in the county,…
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Another pitch-night event is on the horizon in Colorado Springs
The University of Colorado at Colorado Springs is taking another dip in the shark tank. The El Pomar Institute for Innovation and Collaboration at UCCS is partnering withPeak Venture Group to sponsor a business plan competition from 5:30-7 p.m. Feb. 24 at The Lodge on the college’s campus. The format is similar to the popular…
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Lockheed Martin in Colorado Springs gets $3.9 million contract expansion
Lockheed Martin Corp. in Colorado Springs has been awarded a $3.9 million expansion of an Air Force contract to operate and maintain information technology networks for air defense, missile warning and space defense systems used by the Northern Command and the North American Aerospace Defense Command. The Air Force Life Cycle Management Center made the…
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Fraud case nets Colorado Springs businessman a 16-year prison sentence
A Denver District Court Judge sentenced a Colorado Springs business ownerThursday to 16 years in prison for using $8.5 million in investor money for his personal expenses and for other unrelated businesses. Brian Wellens, 43, was convicted in November by a Denver jury on one count of racketeering and 12 counts of securities fraud in…
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Xtivia of Colorado Springs expects revenue boost from new acquisition
Colorado Springs-based database management provider Xtivia Inc. has acquired a St. Louis company specializing in customer relationship management and business intelligence that Xtivia officials believe will boost revenue by about 20 percent this year. Strategic Sales Systems Inc. and its 20 employees – including founder Sean Mohan – will remain in the St. Louis area,…
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Colorado Springs-area car sales hit eight-year high, despite slow December
Despite a sluggish December, new vehicle registrations in El Paso County rose to an eight-year high last year as local buyers took advantage of low interest rates to replace older, less fuel-efficient vehicles with new models that were easier on the wallet at the gasoline pump. The 23,797 new vehicles registered in the county last…