Author: Breeanna Jent
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Colorado EDC grants $13.3M in incentives to 4 companies
The Colorado Economic Development Commission on Thursday approved a total of up to roughly $13.3 million in job growth tax incentives for four companies considering expanding in the state. Commissioners approved up to $1.73 million in performance-based job growth tax incentive credits over a period of eight years to a manufacturer that produces custom parts,…
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Colorado Cost of Living: State is now 4th most expensive in U.S., and residents feel the strain
Think of Colorado and what comes to mind? Majestic mountain views; skiing, sledding, rafting, hiking and more in the Great Outdoors; alpine forests and golden plains; ample sunshine, craft beer and breathtaking sunsets. Just to scratch the surface. But the cost of living and housing affordability in Colorado has drastically increased in recent years, gradually…
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Colorado Cost of Living: El Paso County residents feel the crunch
When Brittany, a special education paraprofessional, moved back to Colorado Springs from Denver a decade ago, a main driver was the rising cost of living in the Mile High City. The 53-year-old, who declined to give her last name, relocated with hopes the move would improve her financial freedom and quality of life. While the…
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CityROCK indoor climbing gym expanding in northern Colorado Springs
After years of planning and design, shovels have hit dirt and CityROCK North, a new indoor climbing facility coming to northern Colorado Springs, is going vertical. CityROCK, which first debuted in 2009 in the heart of downtown, broke ground last week on its long-awaited second location on the city’s far north side. The new 32,500-square-foot…
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Major U.S. wine, spirits distributor acquiring Eagle Rock Distributing Co.’s Colorado assets
The largest wine and spirits distributor in the U.S. is expanding its reach in Colorado. Miami-based Southern Glazer’s Wine & Spirits has reached an agreement “to acquire substantially all the assets of” Eagle Rock Distributing Co.’s Colorado operations, the company announced last month. Transaction details are confidential, Eagle Rock Distributing of Colorado President Mike Economos…
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Novel medical-grade CBD pharmacy opens in Colorado, first of its kind in U.S.
Inside an unassuming yet sprawling industrial building nestled within the high plains of Watkins, about a 30-minute drive southeast of Denver International Airport, step into Kazmira Therapeutics’ “hemp bay,” as it’s affectionately called. Stacked and lined on pallets and metal shelves are dozens of cloth bags weighing upward of 170 pounds each. They’re filled with…
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Swire Coca-Cola, USA announces $475M investment in Colorado Springs
Swire Coca-Cola, USA will establish a new state-of-the-art manufacturing facility in Colorado Springs, the company announced late Wednesday afternoon. The Draper, Utah-based company plans to break ground next year on a 620,000-square-foot facility at Peak Innovation Park, the 1,600-acre business park at the entrance to Colorado Springs Airport on the city’s southeast side. Swire Coca-Cola,…
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Vote clears way for Ent-Wings credit union merger
The proposed merger of Colorado Springs-based Ent Credit Union and Wings Credit Union, based in the Twin Cities suburb of Apple Valley, Minn., has cleared its final hurdle. The not-for-profit credit unions announced in a joint news release Friday morning that Wings members have voted to adopt Ent’s charter. More than 62,000 Wings members, representing…
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Record number of Americans expected to travel away from home for Thanksgiving
Nearly 82 million travelers are forecasted to hit the road and the skies this Thanksgiving — a record-breaking number, one North American travel organization predicted. Travel organization AAA estimates 81.8 million people will travel at least 50 miles from home during the holiday travel period from Tuesday through Dec. 1. This includes 1.6 million more…
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Two Colorado credit unions announce merger
Colorado’s Climb Credit Union and Community Choice Credit Union have announced plans to merge. The merger is pending member approval, Arvada-based Climb Credit Union said in a news release late Friday afternoon. The proposed merger will “bring together two longstanding Colorado credit unions that share a strong commitment to service, community, and helping members reach…