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Small business priority window for PPP loans closes March 9
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Economist: Expect rough winter as pandemic spreads, stronger recovery for Colorado after
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El Paso County businesses can now apply to increase their capacity limits through the stateâs 5 Star program.
The Colorado Department of Public Health and Environment approved the countyâs application to administer the state program locally on Monday night, Colorado Springs Chamber & EDC President and CEO Dirk Draper said Feb. 3.Â
The local program will be available to restaurants, gyms and fitness centers, personal services and indoor events in El Paso County. Certified businesses can operate at capacity limits one level higher on the stateâs COVID-19 dial framework.
Businesses must apply for the certification and demonstrate that they have implemented enhanced safety measures. They will be subject to an onsite inspection by a third-party vendor, Safebuilt, which was chosen by the county in a competitive process.
Indy s sister publication, the
Colorado Springs Business Journal, featured Colorado Springs Mayor John Suthers; Tatiana Bailey, director of the UCCS Economic Forum; and Aikta Marcoulier director of the Pikes Peak Small Business Development Center. The panelists fielded questions about the economy, the housing and commercial real estate market, and the ongoing saga over the permanent home of U.S. Space Command.
The mayor had good news about the cityâs financial status. âAmazingly enough, the city is doing quite well,â he said. âWe certainly didnât look that way in March and April. In March, city revenues were down 14 percent. In April, they were down 23 percent. We were modelling for as much as a 30 percent decrease in city revenues â $110 to $120 million, but itâs a tremendous tribute to the resiliency of our citizens that things changed pretty dramatically. As of right now, without seeing December, weâre only a half a percent down in Gen
A fast-growing, Colorado Springs-based dental practice group expects that growth to accelerate even more thanks to a major investment by a Los Angeles-based private equity investment firm.
Varsity Healthcare Partners declined to say how much it invested in Peak Dental Services, but Varsity says on its website that it makes investments of $10 million to $60 million in medical and other health care providers, payers and service providers. Started in 2008 by now-CEO A.J. Peak with plans to consolidate dental practices, Peak Dental owns or operates 35 dental practices with 65 dentists and 400 employees in Colorado. Historically, we have acquired and started new practices and we plan to accelerate that with 12 to 15 practices a year, Peak said. The dental industry is consolidating much like other parts of the health care market. Our goal is to keep or accelerate the pace of our expansion. We could expand to 50 to 60 practices in Colorado, but we need to go out of state and are making
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