{"id":30324,"date":"2009-10-30T15:18:46","date_gmt":"2009-10-30T21:18:46","guid":{"rendered":"http:\/\/communique.uccs.edu\/?p=30324"},"modified":"2018-02-25T15:26:15","modified_gmt":"2018-02-25T22:26:15","slug":"colorado-springs-economy-recovering-but-not-quickly","status":"publish","type":"post","link":"https:\/\/communique.uccs.edu\/?p=30324","title":{"rendered":"Colorado Springs economy recovering but not quickly"},"content":{"rendered":"

\"\"<\/a>Colorado Springs\u2019 economy is in recovery and in better shape than the U.S. as a whole, according to College of Business faculty who presented at a downtown hotel ballroom packed with community leaders this morning.<\/p>\n

Tom Zwirlein, professor, Business, and Fred Crowley, senior instructor, College of Business, gave the state of the local economy this morning as part of the 13th Annual Southern Colorado Economic Forum at the Antler\u2019s Hotel.<\/p>\n

\u201cStability came strictly for one reason, presence of the military,\u201d Crowley said<\/a>. \u201cThe military is responsible for 100,000 jobs in a community where we have 330,000 people actually employed. That\u2019s an incredible impact on our community.\u201d<\/p>\n

\"\"<\/a>\u201cOne of every five dollars in this community is generated through the military.\u201d<\/p>\n

Clearly, Colorado Springs is in recovery, Crowley said, pointing to multiple data sources including unemployment numbers that are more than two percentage points better than the national average and the local economy is up 12 percent as compared to a year ago.<\/p>\n

\u201cThis is not going to be a rapid recovery,\u201d Crowley said<\/a>. \u201cBut be a recovery that we hope is without a double dip.\u201d But not all the numbers presented were rosy.<\/p>\n

\"\"<\/a>In a recent survey, 36 percent of those who responded said they planned to spend less this holiday season and 60 percent said they planned to spend the same as last year.<\/p>\n

Crowley and Zwirlein both pointed to declining sales taxes revenues as a substantial problem for local government which depends on such taxes to fund municipal services. The growth of Internet sales, construction of retail stores in Falcon, Monument and Fountain and general consumer malaise have caused large drops in revenue for the City of Colorado Springs. Sales and property taxes lost to suburban communities cost the City of Colorado Springs and estimated $32 million in revenue.<\/p>\n

\u201cI promise to spend more money,\u201d Crowley encouraged the crowd to pledge, \u201cin Colorado Springs.\u201d<\/p>\n

Zwirlein said concerns remain about the ability of the U.S. economy to recover. Topping his list are commercial loan defaults, what he called a \u201cone-legged stool\u201d of municipal financing and mistrust of government.<\/p>\n

\u201cThings are improving but there are some blocks along the way where we could stub our toes,\u201d Zwirlein said.<\/p>\n

To see more about the local economy, read the complete brochure from the forum<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

Colorado Springs\u2019 economy is in recovery and in better shape than the U.S. as a whole, according to College of Business faculty who presented at a downtown hotel ballroom packed with community leaders this morning. (More)<\/a><\/p>\n<\/div>","protected":false},"author":18,"featured_media":30327,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_post_was_ever_published":false,"_links_to":"","_links_to_target":""},"categories":[1],"tags":[],"class_list":["post-30324","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all"],"jetpack_featured_media_url":"https:\/\/communique.uccs.edu\/wp-content\/uploads\/2009\/10\/scef1-large.jpg","jetpack_shortlink":"https:\/\/wp.me\/p1mBpJ-7T6","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/communique.uccs.edu\/index.php?rest_route=\/wp\/v2\/posts\/30324","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/communique.uccs.edu\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/communique.uccs.edu\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/communique.uccs.edu\/index.php?rest_route=\/wp\/v2\/users\/18"}],"replies":[{"embeddable":true,"href":"https:\/\/communique.uccs.edu\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=30324"}],"version-history":[{"count":4,"href":"https:\/\/communique.uccs.edu\/index.php?rest_route=\/wp\/v2\/posts\/30324\/revisions"}],"predecessor-version":[{"id":30334,"href":"https:\/\/communique.uccs.edu\/index.php?rest_route=\/wp\/v2\/posts\/30324\/revisions\/30334"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/communique.uccs.edu\/index.php?rest_route=\/wp\/v2\/media\/30327"}],"wp:attachment":[{"href":"https:\/\/communique.uccs.edu\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=30324"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/communique.uccs.edu\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=30324"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/communique.uccs.edu\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=30324"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}