Wayne Heilman

Business Reporter

  • Colorado Springs-area job market sees little change in May

    Published: Wed, Jul 1, 2015

    The Colorado Springs-area job market in May was little changed from April as the unemployment rate remained at 5.3 percent and payrolls grew moderately from May 2014, the U.S. Bureau of Labor Statistics reported Wednesday. The local jobless rate has hovered between 5.1 percent and...

  • Colorado Springs laser manufacturer Spectranetics to borrow $20M for research

    Yesterday

    Colorado Springs-based medical laser manufacturer Spectranetics Corp. is borrowing $20 million from Wells Fargo - with access to another $60 million - to help pay for accelerating research and development in the Stellarex product line it acquired in January. Spectranetics has told...

  • Colorado Springs defense contractor wins fourth contract this year

    Updated: Fri, Jun 26, 2015

    Vectrus Inc. of Colorado Springs is among eight defense contractors selected to bid on individual tasks under a $5 billion, six-year Air Force contract to provide base operations and logistical support worldwide for overseas deployments and other operations. The award went to Exelis...

  • Project will give planes diverted to Colorado Springs Airport a safer landing spot

    Updated: Fri, Jun 26, 2015

    The Colorado Springs Airport hopes to begin construction in mid-July on a $13 million project to repair the concrete apron around its passenger terminal in about four months to minimize the impact on aircraft that are diverted from Denver International Airport. The apron is more than...

  • Raytheon expects to add 500-600 jobs to its Colorado Springs workforce by end of 2016

    Updated: Thu, Jun 25, 2015

    A pair of recent contract wins for defense contracting giant Raytheon Co. is expected to translate into hundreds of new jobs in Colorado Springs. Raytheon officials said Wednesday that the company plans to hire 500 to 600 people by the end of next year to complete two Air Force...

  • Colorado Springs bank grows three-fold, thanks to mergers and other moves

    Updated: Wed, Jun 24, 2015

    Academy Bank tripled in size over the weekend with a series of mergers and related transactions with affiliated banks owned by a Kansas City, Mo., corporation, and it's planning to add more branches in Colorado, Arizona and the Kansas City area. Dickinson Financial Corp. merged...

  • Cripple Creek mine purchase part of Newmont's strategy shift

    Updated: Sun, Jun 21, 2015

    Last year, Newmont Mining Corp. of Greenwood Village got an unwelcome reminder of one of the downsides of doing business in another country and being at the mercy of sudden regulatory changes. The company runs a copper mine in Indonesia, and the government introduced a ban on raw-ore...

  • Colorado Springs job market has improved, though progress has slowed

    Updated: Sat, Jun 20, 2015

    The Colorado Springs area job market has plateaued in the past six months, but the jobless rate remains at its lowest levels since right before the 2008 financial crisis, according to major revisions in unemployment data released Friday by the U.S. Bureau of Labor Statistics. The...

  • Lower gas prices get credit for boosting hotel occupancy in Colorado Springs

    Updated: Fri, Jun 19, 2015

    The lowest gasoline prices in five years helped Colorado Springs hotels overcome record rainfall last month to fill more rooms for any May since 1997. The occupancy rate for local hotels in May jumped to 72.2 percent from 70.1 percent in May 2014. It's the highest for May since the...

  • Space Symposium gifts a big lift to Colorado Springs sales tax collections

    Updated: Fri, Jun 19, 2015

    The return of the Space Symposium to its usual slot in April sent Colorado Springs sales tax collections into the stratosphere in May, according to a report released Thursday by the city's Finance Department. Sales tax revenue collected in May, which reflect sales completed in April,...

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