July 6, 2007
American National Bank
Bank of Colorado
Banning Lewis Ranch Management Company, LLC
Beazer Homes Colorado
Bethesda Real Estate
Benefit Resources
BKD, LLP
Brigette Ruskin Ltd.
The Broadmoor
Bryan Construction, Inc.
The Campbell Companies, Ltd.
Central Bancorp
CHASE
Classic Companies
Colorado Springs Business Journal
Comcast
Corporate Office Properties Trust
CreekStone Homes, Inc.
El Paso Corporation Western Pipelines
Ent Federal Credit Union
ERA Shields Real Estate
The Faricy Boys Chrysler Jeep
First Community Bank
G.E. Johnson Construction Company
Gay & Lesbian Fund for Colorado
The Gazette
Holland & Hart LLP
Infinity Land Development
Intel Corporation
J.E. Dunn Construction
John Laing Homes
Keller Homes, Inc.
La Plata Investments, LLC
Land Title Guarantee Company
The Landhuis Company
MasterBilt Homes, Inc.
Memorial Health Services
Merrick & Company
Mulliken Weiner Karsh Berg & Jolivet, P.C.
New Generation Homes
Nor'wood Development Group
Northgate Properties LLC
Nunn Construction
OfficeScapes
The Patterson Group
Penrose-St. Francis Health Services
Pikes Peak Association of Realtors
The Platinum Group, Realtors
Prime West Companies
Provident Pharmaceuticals, LLC
Pulte Homes Corporation - Colorado Springs
Rusinak Real Estate, Inc.
S&S Homes, LLC
Sandia, Inc.
Schuck Corporation
Security Title Guaranty Company
Stockman Kast Ryan + Company, LLP
Sunshine Development
US Bank
Van Gilder Insurance Corporation
Vantage Homes Corporation
Vectra Bank Colorado
Vintage Communities
Wells Fargo Bank
Contact EDC:
jboswell@csedc.org
(719) 471-8183
www.coloradosprings.org
Community Link
- EDC HAS ANNOUNCED 1,545 NEW PRIMARY JOBS, YEAR TO DATE, TOWARDS THE ANNUAL GOAL OF 2,400 JOBS WITH A NUMBER OF PROJECTS EXPECTED TO ANNOUNCE BEFORE YEAR END. These results, that include both new and expanded companies, would not be possible without the excellent collaboration of the EDC Marketing Team, the EDC Local Industry Team, community partners and the support of EDC investors.
- MARKETING UPDATE: Over the past 10 months, the marketing Team has made 73 visits to site location consultants. Prospect activity has increased to its highest level since 2001 with the addition of an average of 12 prospects per month. On September 14, EDC will hold a special familiarization tour for Denver area brokers, developers, site selection consultants and corporate real estate executives where they will learn about developments throughout the region, including the Airport area, Fountain, Woodland Park, Downtown, Garden of the Gods area and in Northern and Eastern Colorado Springs. EDC plans to have the developers and brokers of those local projects on board to tell about their plans. On October 9, EDC’s Data Storage Committee will host a special event, entitled the Colorado Springs Data Storage Summit, to which EDC will invite businesses and community leaders to learn why Colorado Springs is the right location for secure disaster recovery centers. The event will start with lunch and be followed by three sessions, each focusing on the salient features of our region for data centers.
- U.S. Manufacturing Sector is set to expand. The nation’s factories, plants and utilities expanded at a faster pace in June, suggesting hardy consumer spending is boosting confidence among manufacturers even as prices for raw materials rise. The Institute for Supply Management reported that its manufacturing index rose to 56 in June. This reading marked the fifth consecutive month of growth for the manufacturing sector and the 68th consecutive month of growth for the overall economy. (Source: FOXNews.com.)
- Austin recently landed Samsung Electronic Co.’s new 1.6 million square foot chip plant that will employ 900 employees with a $3.5 billion investment. Austin won the project with a Texas-size package of $233 million in tax and other incentives. Samsung is pressing ahead with the plant despite a weak market and falling prices for memory chips. The company has pledged to spend $33 billion on new factories and equipment by 2012 in pursuit of growth. (Source: Austin American-Statesman (Texas).)
- Colorado Springs energy bills are almost $30.00 lower than the Colorado average, according to the 2007 Council for Community and Economic Research, formerly known as the ACCRA Cost of Living report. Average monthly electric and natural gas bills for Colorado Springs are $116.00 compared to an average of $145.29 for the eight cities included in the first-quarter 2007 study.
- Colorado Springs non-profit arts organizations in the metro area provide a $94.7 million impact on the local economy each year, according to an economic impact study, Arts & Economic Prosperity, that was conducted in 256 communities and regions across the country. The local study was commissioned by the Bee Vradenburg Foundation and released by COPPeR, the Cultural Office of the Pikes Peak Region, at the EDC luncheon on June 21. The overall economic impact of $94.7 million was more than 50 percent higher than that in similar-sized study regions across the country. The report for the Colorado Springs metro area is available at www.coppercolo.org. The results of the national study are available at www.AmericansForTheArts.org/EconomicImpact.
- Colorado Springs Young Professionals continues to serve community: The Colorado Springs Young Professionals (CSYP) has grown to over 1,400 members in just three years. In addition to providing social opportunities for the community’s young professionals, CSYP captures the energy and time of this demographic to serve and enhance the community. Some programs that have benefited from the support of CSYP include: Christmas Unlimited, Habitat for Humanity, Save Our Soles, Westside Cares, Emerson-Edison Middle School, Dress for Success, SET, Urban Peak, Care & Share and Cheyenne Mountain Zoo. Each social features a non-profit organization at every event. For more information please email csyoungprofessionals@yahoo.com.
- “Building a Biotech Hub in Colorado Springs” will be the topic of a luncheon on Tuesday, July 24, co-sponsored by the Colorado Springs Economic Development Corporation and the Colorado BioScience Association. Industry expert Kevin Dwyer, Managing Partner and Vice President, Regulatory Affairs, Pacific BioDevelopment, LLC, will address what it takes to accelerate Colorado Springs’ emerging biotech sector. Former City Manager, Lorne Kramer, will be honored at this luncheon.
- The EDC Tournament of Teams, sponsored by La Plata Investments, LLC, will be held Monday, August 6, at Pine Creek Golf Club. 4 tickets to join Wells Fargo Bank in their villa on the 17th green at the 29th Annual U.S. Senior Open Championship, will be the grand prize. Register now by calling Shannon Taylor (719) 475-6455.
- Upcoming Events:A great local tradition returns with the 67th Annual Pikes Peak or Bust Rodeo to be held at theThe 85th Running of the Pikes Peak International Hill Climb (PPIHC) will be held Saturday, July 21. The PPIHC FanFest will be held downtown on July 19, 5:00 to 10:00 p.m. with food, race vehicles, and entertainment. For a schedule and race tickets go to www.ppihc.com.The Colorado Springs Fine Arts Center “Extremely Grand Opening” will be August 2 through 5. Go to www.csfineartscenter.org to view the exceptional array of activities open to the public. Tickets can be purchased at (719) 634-5583.The Catamount Institute is offering seminars, workshops and the Living Simply, Living Well series to encourage business leaders to engage in practices that respect natural resources, which in turn can positively affect their bottom line. Leadership training programs use the principles of Natural Intelligence to generate a systems perspective for business and nonprofit leaders. Contact Eric Cefus, Executive Director at 719-471-0910 or go to www.catamountinstitute.org.For questions or comments regarding the Executive Update, please contact Julie Boswell at jboswell@csedc.org.
