<![CDATA[Colorado Springs Gazette RSS - business]]> http://gazette.com/rss/business Sun, 26 Jun 2016 07:42:42 -0600 Zend_Feed http://blogs.law.harvard.edu/tech/rss <![CDATA[Mideast indexes drop in first day of trading post-Brexit]]> http://gazette.com/mideast-indexes-drop-in-first-day-of-trading-post-brexit/article/feed/365672?custom_click=rss http://gazette.com/mideast-indexes-drop-in-first-day-of-trading-post-brexit/article/feed/365672?custom_click=rss

DUBAI, United Arab Emirates (AP) — Stocks tumbled in the Middle East on Sunday, the first day of trading since Britain voted to leave the European Union, following other market drops in the U.S. and worldwide.

The Saudi Tadawul index, the region's largest, closed 1.1 percent lower, while Egypt's EGX 30 saw a 5.54 percent drop.

Other Mideast indexes, which trade from Sunday to Thursday, also fell. Dubai's main index was down 3.25 percent. Abu Dhabi's index fell 1.85 percent.

Investors had expected the UK to remain in the EU. The outcome of the vote brought a massive dose of uncertainty to financial markets on Friday.

Oil prices also sank, with the benchmark U.S. crude declining 4.9 percent, to close at $47.64 a b

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]]> Sun, 26 Jun 2016 07:49:48 -0600 <![CDATA[In Maine, sustainability showdown scraps seaweed shindig]]> http://gazette.com/in-maine-sustainability-showdown-scraps-seaweed-shindig/article/feed/365670?custom_click=rss http://gazette.com/in-maine-sustainability-showdown-scraps-seaweed-shindig/article/feed/365670?custom_click=rss SOUTH PORTLAND, Maine (AP) — The Maine Seaweed Festival is a dream day for New England's natural food lovers, who spend the day munching on seaweed granola and schmoozing with kelp harvesters at a daylong party astride sun-splashed Casco Bay.

But this year, it's not happening, and a rift between the event's organizers and some seaweed harvesters is the reason why. The planners of the popular festival, located in the country's biggest seaweed state, said they are canceling the event this year over concerns about lack of sustainability.

Organizer Hillary Krapf, who runs a seaweed products and education company called Moon And Tide, said Maine's seaweed industry has been besieged by a "Gold Rush mentality" that threatens susta

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]]> Sun, 26 Jun 2016 06:15:55 -0600 <![CDATA[Colorado Springs quickly becoming tiny housing ‘capital of America’ as trend takes off]]> http://gazette.com/colorado-springs-quickly-becoming-tiny-housing-capital-of-america-as-trend-takes-off/article/1579000?custom_click=rss http://gazette.com/colorado-springs-quickly-becoming-tiny-housing-capital-of-america-as-trend-takes-off/article/1579000?custom_click=rss

As the real estate market takes off in Colorado Springs, some local builders aren't thinking big. They're thinking tiny.

Instead of using trenches and foundations, these builders are making 180-square-foot luxury homes atop trailers. And Colorado Springs, home to the largest manufacturer of tiny homes in the country, is quickly becoming the epicenter of the national movement that encourages finding freedom through the smaller price tags that come with these smaller homes.

"What the tiny houses do, they are mimicking a culture desire to get back to simplicity and quality of life," said Justin Hall, human resources manager for Tumbleweed Tiny House Co., which produces about 125 tiny houses a year out of its Colorado Springs

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Sat, 25 Jun 2016 21:37:58 -0600
<![CDATA[Major battle over oil terminal unfolds in Pacific Northwest]]> http://gazette.com/major-battle-over-oil-terminal-unfolds-in-pacific-northwest/article/feed/365608?custom_click=rss http://gazette.com/major-battle-over-oil-terminal-unfolds-in-pacific-northwest/article/feed/365608?custom_click=rss

SEATTLE (AP) — Two companies proposing to build what would be the nation's largest oil-by-rail marine terminal along the Columbia River in Washington see it as an opportunity to link domestic crude oil from the Midwest to a West Coast port.

Critics, however, see an environmental and safety catastrophe waiting to happen, especially after a train carrying volatile Bakken crude oil derailed and burned on June 3 in Mosier, Oregon, just 70 miles upriver from the project site in Vancouver, Washington.

The battle over the Tesoro Savage Vancouver Energy terminal — which would handle about 360,000 barrels of crude oil a day — unfolds Monday when the parties make their case for or against the terminal before a state energy panel.

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]]> Sat, 25 Jun 2016 20:06:36 -0600 <![CDATA[Bill Cunningham, NY Times fashion photographer, dies at 87]]> http://gazette.com/bill-cunningham-ny-times-fashion-photographer-dies-at-87/article/feed/365579?custom_click=rss http://gazette.com/bill-cunningham-ny-times-fashion-photographer-dies-at-87/article/feed/365579?custom_click=rss

NEW YORK (AP) — Bill Cunningham, a longtime fashion photographer for The New York Times known for taking pictures of everyday people on the streets of New York, has died. He was 87.

Cunningham died Saturday in New York City, according to Eileen Murphy, a spokeswoman for the newspaper. He had been hospitalized recently after suffering a stroke.

"To see a Bill Cunningham street spread was to see all of New York," New York Times Executive Editor Dean Baquet said in a tweet posted to the newspaper's Twitter account Saturday afternoon.

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]]> Sat, 25 Jun 2016 17:54:15 -0600 <![CDATA[Springs going big on small business]]> http://gazette.com/springs-going-big-on-small-business/article/1579001?custom_click=rss http://gazette.com/springs-going-big-on-small-business/article/1579001?custom_click=rss

It is too easy to fixate these days on the big players in our economy. Large corporations dazzle us with multimillion-dollar profits (and sometimes debts). This has been true of Colorado Springs, with its impressive array of companies sporting government contracts and employing hundreds if not thousands of workers.

Quietly, however, small businesses are transforming the economic landscape.

As Aikta Marcoulier, director of the Pikes Peak Small Business Development Center (SBDC), told The Gazette last week, businesses with fewer than 500 employees now make up 92 percent of the local economy.

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Sat, 25 Jun 2016 16:07:18 -0600
<![CDATA[Bank overdraft regulation could come to a head this year]]> http://gazette.com/bank-overdraft-regulation-could-come-to-a-head-this-year/article/1578999?custom_click=rss http://gazette.com/bank-overdraft-regulation-could-come-to-a-head-this-year/article/1578999?custom_click=rss

In normal times (if there is such a thing), banks make most of their money charging interest on loans. Now, however, because of low interest rates kept in place by the Federal Reserve to stimulate the economy, income from fees imposed on deposit accounts is of critical importance to bank profits.

Fees charged for paying overdrafts and fees charged for not paying overdrafts (returned-item or NSF fees) are high on the list of deposit account-related income sources for banks, generating billions of dollars a year in revenue.

According to data collected by the Federal Deposit Insurance Corp., such fees increased substantially in the first quarter of 2016, totaling $2.7 billion at the 600 banks filing reports.

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Sat, 25 Jun 2016 16:05:26 -0600
<![CDATA[Just out of college? First financial steps important]]> http://gazette.com/just-out-of-college-first-financial-steps-important/article/1578997?custom_click=rss http://gazette.com/just-out-of-college-first-financial-steps-important/article/1578997?custom_click=rss

After finishing school and hopefully landing a rewarding job, college graduates face myriad financial obligations and opportunities. Here are some steps for graduates to get started in the right direction:

- Create a budget and live below your means. Based on your income, create a spending plan that leaves you with a little extra money at the end of the month. Your budget should include saving at least 10 percent of your gross income. Spend less than you earn so you are prepared for unexpected bumps in the road. Initially, this may involve renting a smaller apartment, living with roommates or driving an older car. As your career progresses, avoid increasing expenses in lockstep with earnings increases.

- Establish an

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Sat, 25 Jun 2016 16:02:13 -0600
<![CDATA[County considers plan to develop parking garage in Astrodome]]> http://gazette.com/county-considers-plan-to-develop-parking-garage-in-astrodome/article/feed/365547?custom_click=rss http://gazette.com/county-considers-plan-to-develop-parking-garage-in-astrodome/article/feed/365547?custom_click=rss HOUSTON (AP) — The county that owns the Houston Astrodome is considering a plan to build a two-level parking garage inside the derelict domed stadium.

The hope is to kick-start retrofitting and repurposing of the 51-year-old Houston icon that has stood vacant for 17 years.

Harris County Judge Ed Emmett, who is the county's top elected administrator, is proposing raising the Astrodome floor to create a garage to accommodate 1,400 cars.

"People like to talk about, 'What's the final grand plan going to be?' I don't know," Emmett told KPRC-TV in Houston.

By creating a large, climate-controlled open space, the Houston Texans and the Houston Livestock Show and Rodeo could use the venue for special events.

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]]> Sat, 25 Jun 2016 14:50:37 -0600 <![CDATA[Behind the support for Brexit and Trump: Economic resentment]]> http://gazette.com/behind-the-support-for-brexit-and-trump-economic-resentment/article/feed/365443?custom_click=rss http://gazette.com/behind-the-support-for-brexit-and-trump-economic-resentment/article/feed/365443?custom_click=rss

WASHINGTON (AP) — The United Kingdom's stunning vote to leave the European Union was driven by much of the same sentiment that fueled Donald Trump's insurgent march toward the Republican presidential nod: a rejection of economic globalization and the elites who favor it by those who feel left behind.

Many economists warn that the British vote to leave the EU, dubbed "Brexit," could cripple that nation's economy — just as many say Trump's ideas would stifle U.S. growth or even trigger another recession.

Millions of voters have defied those concerns. The Brexit vote and Trump's widespread support reflect a sweeping rejection of expert opinion in advanced countries. Yet that rejection itself could raise the likelihood of fur

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]]> Sat, 25 Jun 2016 14:39:44 -0600 <![CDATA[Items owned by gangster 'Whitey' Bulger up for auction]]> http://gazette.com/items-owned-by-gangster-whitey-bulger-up-for-auction/article/feed/365542?custom_click=rss http://gazette.com/items-owned-by-gangster-whitey-bulger-up-for-auction/article/feed/365542?custom_click=rss

BOSTON (AP) — A rat-shaped pencil holder and skull ring are just two of the hundreds of items belonging to gangster James "Whitey" Bulger to hit the auction block.

The court-ordered auction in Bulger's South Boston hometown is an attempt to raise money for the families of his victims, including 20 people killed by Bulger and his gang.

The Boston Globe reports (http://bit.ly/28UWwb0) Bulger's boxing mannequin was the first item up for bid at Saturday's auction at the Boston Convention & Exhibition Center. It sparked a bidding war before selling for $4,900. The rat-shaped mug sold for $3,600.

More mundane items were also available, revealing Bulger's domestic life in hiding with his longtime girlfriend, Catherine Greig.

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]]> Sat, 25 Jun 2016 14:23:11 -0600 <![CDATA[Many experienced GOP strategists unwilling to work for Trump]]> http://gazette.com/many-experienced-gop-strategists-unwilling-to-work-for-trump/article/feed/365437?custom_click=rss http://gazette.com/many-experienced-gop-strategists-unwilling-to-work-for-trump/article/feed/365437?custom_click=rss

WASHINGTON (AP) — Donald Trump has finally acknowledged that to best compete against Hillary Clinton he needs more than the bare-bones campaign team that led him to primary success. But many of the most experienced Republican political advisers aren't willing to work for him.

From Texas to New Hampshire, well-respected members of the Republican Party's professional class say they cannot look past their deep personal and professional reservations about the presumptive presidential nominee.

While there are exceptions, many strategists who best understand the mechanics of presidential politics fear that taking a Trump paycheck might stain their resumes, spook other clients and even cause problems at home.

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]]> Sat, 25 Jun 2016 13:10:00 -0600 <![CDATA[Certainty Obama once had about Britain has been shattered]]> http://gazette.com/certainty-obama-once-had-about-britain-has-been-shattered/article/feed/365436?custom_click=rss http://gazette.com/certainty-obama-once-had-about-britain-has-been-shattered/article/feed/365436?custom_click=rss

WASHINGTON (AP) — President Barack Obama could count on Britain to back him at nearly every turn during his first 7½ years in office. He knew British leaders had the global clout and shared perspective to be powerful U.S. partners.

But as Obama approaches the final months of his term, that sense of certainty has been shattered by the United Kingdom's decision to leave the European Union and by the resignation of Prime Minister David Cameron, a close ally.

In his public reaction to the vote, Obama offered assurances that the two countries would remain "indispensable partners" and that the special relationship would survive. He said he respected Britain's decision and that he was confident in an orderly transition from the E

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]]> Sat, 25 Jun 2016 13:03:33 -0600 <![CDATA[F. Lee Bailey, OJ Simpson's attorney, files for bankruptcy]]> http://gazette.com/f.-lee-bailey-oj-simpsons-attorney-files-for-bankruptcy/article/feed/365481?custom_click=rss http://gazette.com/f.-lee-bailey-oj-simpsons-attorney-files-for-bankruptcy/article/feed/365481?custom_click=rss

PORTLAND, Maine (AP) — Famed defense attorney F. Lee Bailey, whose legion of high-profile cases includes the O.J. Simpson murder trial, has filed for bankruptcy in Maine in an effort to discharge an IRS debt of more than $5 million.

Debts to the IRS aren't normally discharged in bankruptcy proceedings, but the 83-year-old Bailey said Friday that they can be if one abides by certain conditions, such as filing and paying his taxes on time since the original taxes and penalties were assessed.

The debt stems from a dispute of his reportable income from 1993 to 2001, The Portland Press Herald (http://bit.ly/28Se2hO ) reported.

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]]> Sat, 25 Jun 2016 10:10:37 -0600 <![CDATA[Nearly 250 apartments planned for Colorado Springs' northeast side]]> http://gazette.com/nearly-250-apartments-planned-for-colorado-springs-northeast-side/article/1578946?custom_click=rss http://gazette.com/nearly-250-apartments-planned-for-colorado-springs-northeast-side/article/1578946?custom_click=rss

At one Colorado Springs shopping center, a big-box store might give way to a big apartment complex.

Wisconsin-based Continental Properties is seeking to walk away from an undeveloped, 11-acre portion of its Briargate Crossing retail center on the city's far northeast side, and instead flip the property to an Indiana apartment developer, according to documents submitted this week to the city's Land Use Review Division.

Watermark Residential of Indianapolis, in turn, would develop a three-building, 243-unit apartment complex on the site, to be known as Watermark at Briargate, the documents show.

Over the last decade, Continental developed much of Briargate Crossing, northeast of Powers Boulevard and Briargate Parkway.

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Sat, 25 Jun 2016 09:46:09 -0600
<![CDATA[Britain's leaving the EU. What should I do with my money?]]> http://gazette.com/britains-leaving-the-eu.-what-should-i-do-with-my-money/article/feed/365476?custom_click=rss http://gazette.com/britains-leaving-the-eu.-what-should-i-do-with-my-money/article/feed/365476?custom_click=rss

As many people around the world are trying to wrap their minds around what just happened in Britain, you may also be wondering "What does the Brexit mean for my money?"

If you are worried about your 401(k), take heart. Most experts say you shouldn't rush to sell stocks and some even say it's an opportunity to buy. And, bonus for those looking to borrow: rates may fall.

Yes, things are going to be bumpy, but this is a time to stay calm and carry on.



Investors with heavy investments in the U.K. and Europe may have felt a sting Friday. U.S. stocks fell more than 3 percent but some European indexes fell over 12 percent.

Market experts say the initial market reaction was largely em

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]]> Sat, 25 Jun 2016 09:39:26 -0600 <![CDATA[The Latest: Calls for 2nd referendum crash UK website]]> http://gazette.com/the-latest-calls-for-2nd-referendum-crash-uk-website/article/feed/365048?custom_click=rss http://gazette.com/the-latest-calls-for-2nd-referendum-crash-uk-website/article/feed/365048?custom_click=rss

LONDON (AP) — The Latest on Britain's historic vote to leave the European Union (all times local):


10:35 p.m.

Tens of thousands want a do-over.

So many users are signing a petition for a re-run of Britain's referendum on European Union membership that they've crashed the House of Commons website hosting the document.

The petition passed the 200,000 mark on Friday evening, with a map of the voting indicating that most activity was in London - where most boroughs backed the "remain" camp in the referendum.

The House of Commons said it had seen "high volumes of simultaneous users on a single petition, significantly higher than on any previous occasion.

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]]> Fri, 24 Jun 2016 20:55:20 -0600 <![CDATA[Items owned by gangster 'Whitey' Bulger to be auctioned]]> http://gazette.com/items-owned-by-gangster-whitey-bulger-to-be-auctioned/article/feed/365046?custom_click=rss http://gazette.com/items-owned-by-gangster-whitey-bulger-to-be-auctioned/article/feed/365046?custom_click=rss

BOSTON (AP) — Some things seem to capture the public perception of gangster James "Whitey" Bulger's life: a sterling silver "psycho killer" skull ring, a rat-shaped pencil holder, a stack of books about the Mafia.

But others tell of a mundane, domestic life in hiding with his longtime girlfriend, Catherine Greig: a coffee pot, a muffin pan, a few dozen T-shirts and pajamas.

Hundreds of items from both sides of Bulger's life are going on the auction block Saturday as the federal government attempts to raise money for the families of his victims, including 20 people killed by Bulger and his gang and several extortion victims.

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]]> Fri, 24 Jun 2016 20:31:33 -0600 <![CDATA[Judge says Energy Transfer Equity can quit Williams deal]]> http://gazette.com/judge-says-energy-transfer-equity-can-quit-williams-deal/article/feed/365344?custom_click=rss http://gazette.com/judge-says-energy-transfer-equity-can-quit-williams-deal/article/feed/365344?custom_click=rss DOVER, Del. (AP) — Texas pipeline company Energy Transfer Equity L.P. can back out of its proposed $33 billion acquisition of Williams Cos., a Delaware judge said Friday.

The ruling came in a lawsuit filed by Williams to hold Energy Transfer to the deal.

The companies announced in September that Dallas-based Energy Transfer would acquire Williams, based in Tulsa, Oklahoma. Williams shareholders were to receive Energy Transfer stock, $6 billion cash, and a special dividend.

But the deal became less attractive as oil prices plummeted.

Energy Transfer later said it has been unable to get an opinion from attorneys confirming the transaction would be tax-free for Williams shareholders, which is a deal requirement.

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]]> Fri, 24 Jun 2016 18:12:49 -0600 <![CDATA[SEC: Texas CEO used funds on strip clubs, private jets]]> http://gazette.com/sec-texas-ceo-used-funds-on-strip-clubs-private-jets/article/feed/365285?custom_click=rss http://gazette.com/sec-texas-ceo-used-funds-on-strip-clubs-private-jets/article/feed/365285?custom_click=rss HOUSTON (AP) — A Texas energy company CEO dubbed the "frack master" is charged with defrauding investors of about $80 million, including misappropriating at least $30 million for personal expenses, including private jets and gentlemen's clubs, to "maintain a lifestyle of decadence and debauchery," according to a lawsuit filed Friday by federal regulators.

In its lawsuit, the Securities and Exchange Commission accuses Chris Faulkner, CEO of Dallas-based Breitling Energy Corp., of orchestrating a scheme in which he and others misled investors about oil-and-gas working interests sold by Breitling Energy and three affiliated companies.

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]]> Fri, 24 Jun 2016 17:03:15 -0600 <![CDATA[Dow drops more than 600 points as Brexit raises risk of global recession]]> http://gazette.com/dow-drops-more-than-600-points-as-brexit-raises-risk-of-global-recession/article/1578940?custom_click=rss http://gazette.com/dow-drops-more-than-600-points-as-brexit-raises-risk-of-global-recession/article/1578940?custom_click=rss

The risk of another global recession escalated Friday after Britain’s stunning decision to leave the European Union plunged financial markets into free fall and tested the strength of the safeguards put in place since the last downturn seven years ago.

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Fri, 24 Jun 2016 16:29:04 -0600
<![CDATA[Four tech startups in Colorado Springs make their pitches]]> http://gazette.com/four-tech-startups-in-colorado-springs-make-their-pitches/article/1578948?custom_click=rss http://gazette.com/four-tech-startups-in-colorado-springs-make-their-pitches/article/1578948?custom_click=rss

Colorado Springs had its own version of "Shark Tank" Thursday evening, with four different technology startups presenting their ideas to fellow entrepreneurs packed inside Epicentral Coworking downtown.

The quartet of presentations chosen for this month's New Tech event consisted of CreativeLab.tv, EdYOUU, HitSpot and A Better Mousetrap, all tech-based plans. Each participant had five minutes to pitch their startup, and the audience of nearly 80 people had five minutes to critique and ask questions.

Sam Elliott led the event for Peak Startup, which hosts New Tech on the fourth Thursday of every month.

"What .

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Fri, 24 Jun 2016 15:30:03 -0600
<![CDATA[Colorado Springs Movers & Shakers: David H. Schroeder II]]> http://gazette.com/colorado-springs-movers-shakers-david-h.-schroeder-ii/article/1578945?custom_click=rss http://gazette.com/colorado-springs-movers-shakers-david-h.-schroeder-ii/article/1578945?custom_click=rss

- Re/Max Properties Inc. has announced new hires:

Kris Rice was born and raised in Colorado Springs and has been involved in the fitness industry most of his life. He will be working with the Shane Ray team at Re/Max's North Office, 1740 Chapel Hills Drive.

Jeff Esterline has joined the Ian Stone team at the North Office.

Julie Rush is returning after taking a break from real estate to help her husband's dental practice. She will be working at the South Office, 2630 Tenderfoot Hill St.

Lance Russell Fleming will be working with the Dianna Doyle team at the South Office.

- Cascade Commercial Group has announced the addition of David H. Schroeder II as a broker associate.

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Fri, 24 Jun 2016 15:29:39 -0600
<![CDATA[Exhibit to explore Colorado Springs longtime businesses]]> http://gazette.com/exhibit-to-explore-colorado-springs-longtime-businesses/article/1578868?custom_click=rss http://gazette.com/exhibit-to-explore-colorado-springs-longtime-businesses/article/1578868?custom_click=rss

Every business has a history, and the stories of some such local companies will soon open to the public.

Guests of the Colorado Springs Pioneers Museum can learn about the roots of age-old businesses for $5 beginning Saturday, from 10 a.m. to 5 p.m.

The exhibit, titled Art & Facts of Business, will include photos, artifacts and stories of local historical businesses such as Hibbards, Lorigs and Coutures. The connections between each one's design, street views and commercial items relative to the Springs will be explored.

Concepts relative to each business and the impact they had on the community will be examined as well. A Children's History Hour will be offered on opening day 10-11 a.m. to engage younger

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Fri, 24 Jun 2016 10:50:03 -0600
<![CDATA[Markets rocked after Britain votes to leave EU; Cameron to resign]]> http://gazette.com/markets-rocked-after-britain-votes-to-leave-eu-cameron-to-resign/article/1578911?custom_click=rss http://gazette.com/markets-rocked-after-britain-votes-to-leave-eu-cameron-to-resign/article/1578911?custom_click=rss

LONDON — Britain voted to leave the European Union after a bitterly divisive referendum campaign, toppling the prime minister Friday, sending global markets plunging and shattering the stability of a project in continental unity designed half a century ago to prevent World War III.

The decision launches a yearslong process to renegotiate trade, business and political links between the United Kingdom and what would become a 27-nation bloc, an unprecedented divorce that could take decades to complete.

"The dawn is breaking on an independent United Kingdom," said Nigel Farage, leader of the U.K. Independence Party.

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Fri, 24 Jun 2016 09:28:51 -0600
<![CDATA[US, global stocks plunge after British vote]]> http://gazette.com/us-global-stocks-plunge-after-british-vote/article/1578916?custom_click=rss http://gazette.com/us-global-stocks-plunge-after-british-vote/article/1578916?custom_click=rss

U.S. stocks are plunging in early trading after Britons voted to leave the European Union.

The Dow Jones industrial average dropped 500 points, or 2.8 percent, to 17,515 in the first few minutes of trading Friday.

The Standard & Poor's 500 index fell 57 points, or 2.7 percent, to 2,056x. The Nasdaq composite sank 158 points, or 3.2 percent, to 4,751.

It was the biggest drop for U.S. stocks since September.

European markets fell even more. France's benchmark index lost 8 percent and Britain's fell 4 percent.

The British pound plummeted to a 31-year low.

Bond prices rose sharply. The yield on the 10-year Treasury note dropped to 1.56 percent from 1.75 percent a day earlier, a huge move.

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Fri, 24 Jun 2016 09:07:56 -0600
<![CDATA[New 100-room hotel and IHOP planned for Colorado Springs' northwest side]]> http://gazette.com/new-100-room-hotel-and-ihop-planned-for-colorado-springs-northwest-side/article/1578876?custom_click=rss http://gazette.com/new-100-room-hotel-and-ihop-planned-for-colorado-springs-northwest-side/article/1578876?custom_click=rss

The soon-to-be completed makeover of the Interstate 25 and Fillmore Street interchange is doing more than improving traffic in northwest Colorado Springs; it's giving a boost to development in the area.

A four-story, 100-room Best Western Plus hotel and an IHOP restaurant are planned for Fillmore West, a 12.5-acre commercial project being developed by Springs-based Crestone Development northwest of the interchange.

"Having been under construction for the last 2½ years, the unknowns associated with the interchange configuration prior to that stymied our development efforts," said Crestone owner John Gatto. "Now that the interchange is within weeks of being complete, we've been experiencing significant interest in our site.

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Fri, 24 Jun 2016 06:44:19 -0600
<![CDATA[Small businesses have grown to dominate Colorado Springs economy]]> http://gazette.com/small-businesses-have-grown-to-dominate-colorado-springs-economy/article/1578869?custom_click=rss http://gazette.com/small-businesses-have-grown-to-dominate-colorado-springs-economy/article/1578869?custom_click=rss

Starting a business is not for the faint of heart.

Colorado Springs used to be known as a city of chain restaurants and franchises. Today, businesses with less than 500 employees make up about 92 percent of the local economy, according to Aikta Marcoulier, director of the Pikes Peak Small Business Development Center.

The SBDC is one of several El Paso County organizations focused on helping those entities. The development center provides resources for existing and starting businesses alike. While 60 percent of the SBDC's assistance goes to established organizations, the other 40 percent focuses on startups, Marcoulier said. Both encounter issues, but the latter tend to face a barrage of them early on.

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Thu, 23 Jun 2016 20:58:37 -0600
<![CDATA[Small vape shops in Colorado worry they can't fulfill new FDA requirements]]> http://gazette.com/small-vape-shops-in-colorado-worry-they-cant-fulfill-new-fda-requirements/article/1578871?custom_click=rss http://gazette.com/small-vape-shops-in-colorado-worry-they-cant-fulfill-new-fda-requirements/article/1578871?custom_click=rss

Around 30 vapor cigarette shops call Colorado Springs home, but with regulation by the Food and Drug Administration going into effect Aug. 8, many shops will only have a limited time before they may have to close their doors.

The FDA's regulations were revealed in May and include: prohibiting the sales of e-cigarettes and vapor products to minors; banning free in-shop samples of flavors or products; and enforcing a grandfather date that the vaping community says will be detrimental to small businesses.

"I have yet to know anyone who is against regulation, but it's got to be logical," sai Bob Wirth, owner of A Vape Shop in Colorado Springs. "The FDA is claiming that we are marketing to children. Since 2011, that has been

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Thu, 23 Jun 2016 18:10:10 -0600
<![CDATA[Colorado Springs-based defense contractors announce extensions]]> http://gazette.com/colorado-springs-based-defense-contractors-announce-extensions/article/1578872?custom_click=rss http://gazette.com/colorado-springs-based-defense-contractors-announce-extensions/article/1578872?custom_click=rss

Colorado Springs-based defense contractors Intelligent Software Solutions Inc. and Vectrus Inc. have won contracts and extensions totaling more than $60 million in the past month.

ISS received a task order valued at $12.2 million from the Air Force to provide an advanced software development framework for building intelligence analysis and data fusion software and continue providing software support and maintenance for U.S. Central Command, NATO and operations in the Pacific Ocean. Jay Jesse, the company's CEO, said ISS plans to hire about 10 new employees in Colorado and possibly in the Pacific region to complete the order.

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Thu, 23 Jun 2016 16:49:35 -0600