Colorado Springs


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A presentation that points out the salient reasons for choosing Colorado Springs for your business relocation and expansion,

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Colorado Springs

  1. 1. COLORADO SPRINGS OVERVIEW February, 2009
  2. 2. Table of Contents <ul><li>1. Location </li></ul><ul><li>2. Quality of Life </li></ul><ul><li>3. Avoid Natural Disasters </li></ul><ul><li>4. Demographics </li></ul><ul><li>5. Air Service </li></ul><ul><li>Education </li></ul><ul><li>Cost of Living </li></ul><ul><li>8. Taxes </li></ul><ul><li>9. Climate </li></ul><ul><li>10. Economic Base </li></ul><ul><li>Recreation </li></ul><ul><li>Shopping </li></ul><ul><li>Healthcare </li></ul>
  3. 3. Location
  4. 4. United States COLORADO LA 3 Hours 3 Hours Las Vegas 2 Hours San Francisco Minneapolis 2 Hours Chicago 3 Hours Cincinnati 3 Hours Atlanta Phoenix 2 Hours 3 Hours 2.5 Hrs 2 Hours Dallas Houston 6.5 Hours New York 6.5 Hours Boston Seattle 3.5 Hours 6 Hours Washington DC
  5. 5. 1 Hr Nebraska Wyoming Utah New Mexico Colorado I-70 I-25 Kansas 2 Hrs Colorado Springs Aspen Breckenridge Vail Denver
  6. 6. Greater Colorado Springs NORAD Pueblo 30 Min 25 25 Denver Metro 1 Hr COLORADO SPRINGS PIKES PEAK Downtown Black Forest Monument Air Force Academy Manitou Springs COLORADO SPRINGS AIRPORT Broadmoor Fort Carson Fountain Peterson Air Force Base Schriever Air Force Base Falcon Briargate Stetson Hills Garden of The Gods Woodland Park Divide Cripple Creek
  7. 7. Business Climate and Quality of Life
  8. 8. Highly Rated Business Climate and Quality of Life <ul><li>1. 2 nd Fittest City in America Source: Men’s Fitness Magazine, January 2009 </li></ul><ul><li>2. 10 th Safest Cities from Natural Disaster </li></ul><ul><ul><li>Source: U.S. News & World Report, November 2008 </li></ul></ul><ul><li>7 th “10 Cities Where Jobs, Home Prices are Growing” Source:, August 2008 </li></ul><ul><li>3rd Best City to Live in the U.S. Source:, June 2008 </li></ul><ul><li>5. 9 th Best Place to Raise a Family Source: BestLife Magazine, June 2008 </li></ul><ul><li>6. 5 th Best City to Live, Work & Play Source: Kiplinger’s Personal Finance, May 2008 </li></ul><ul><li>7. 10 th Smartest Metro Source: Bizjournal, April 2008 </li></ul>
  9. 9. Business Strengths <ul><li>Labor Pool </li></ul><ul><ul><li>34% of adults have a 4-year college degree </li></ul></ul><ul><ul><li>93% of adults have a high school diploma </li></ul></ul><ul><ul><li>Diverse business base – manufacturing, software, customer service, financial services, sports, education and training </li></ul></ul><ul><ul><li>Four Technical-scientific military activity centers </li></ul></ul><ul><ul><ul><li>Air Force Academy </li></ul></ul></ul><ul><ul><ul><li>Schriever AFB </li></ul></ul></ul><ul><ul><ul><li>Peterson AFB </li></ul></ul></ul><ul><ul><ul><li>NORAD </li></ul></ul></ul>
  10. 10. Business Strengths <ul><li>Experienced, professional labor maximizes productivity, reduces costs </li></ul><ul><li>Central U.S. location in the Rocky Mountain Time Zone </li></ul><ul><li>Extensive telecommunications infrastructure </li></ul>
  11. 11. Quality of Life <ul><li>Mountain resort quality of life </li></ul><ul><li>Vibrant arts & culture community </li></ul><ul><li>Denver sports, arts & culture nearby </li></ul><ul><li>Two hours to major ski resorts </li></ul><ul><li>Delightful sunny and dry climate </li></ul><ul><li>Diverse sporting activities </li></ul><ul><li>Vibrant downtown </li></ul><ul><li>Easy come, easy go airport </li></ul><ul><li>Major visitor attractions </li></ul>
  12. 12. Avoid Natural Disasters
  13. 13. Colorado Springs Volcano Risk OTHER EARTHQUAKES High Risk Medium Risk Extreme Risk Some Risk TORNADOES Extreme Risk Some Risk HURRICANES
  14. 14. Key Economic Sectors Aerospace / Defense Customer Service Manufacturing Software / Systems Sports Visitors
  15. 15. Workforce Partnership UNIVERSITY OF COLORADO AT COLORADO SPRINGS Bachelor, Masters, Ph.D. Degrees PIKES PEAK COMMUNITY COLLEGE Customized Training PIKES PEAK WORKFORCE CENTER Placement and Training Assistance
  16. 16. Demographics
  17. 17. Denver Cripple Creek Canon City Woodland Park Colorado Springs Pueblo Monument 50 75 25 75 Mile Population Chart Over 3.2 Million people live within 1 hour of Colorado Springs. Source: CACI International, 07/08 2008 Census Forecast Population, Total Population, 20-64 years Households Median Age Per Capita Income Median Household Income 30 Min 616,261 381,803 230,566 34.6 $28,829 $61,804 45 Min 1,094,724 672,283 401,347 35.6 $33,025 $66,383 1 Hour 3,210,167 2,009,247 1,238,341 35.9 $32,876 $64,893
  18. 18. MSA Population Growth Population Source: State of Colorado, Department of Local Affairs, January 2009 Natural Increase & Migration
  19. 19. MSA Population Growth History - % 1.8 % Average Increase Over 10 Years Percent Source: State of Colorado, Department of Local Affairs, January 2009
  20. 20. MSA Population Projection Source: State of Colorado, Department of Local Affairs, January 2009 Population in Thousands 3.13% Increase per year 1.54% Increase per year 1.38% Increase per year 1.29% Increase per year
  21. 21. Air Service
  22. 22. Source: Colorado Springs Airport, February 2009 Non-Stop Air Service <ul><ul><li>Allegiant Air – Las Vegas </li></ul></ul><ul><ul><li>American Airlines – Dallas/Ft. Worth </li></ul></ul><ul><ul><li>Delta Air Lines – Atlanta </li></ul></ul><ul><ul><li>ExpressJet Airlines, Inc. – Houston </li></ul></ul><ul><ul><li>Frontier Airlines - Denver </li></ul></ul><ul><ul><li>Mesaba Aviation, Inc – Minneapolis/St. Paul </li></ul></ul><ul><ul><li>Skywest Airlines – Chicago (O’Hare), Denver, Los Angeles, Salt Lake City, San Francisco </li></ul></ul><ul><ul><li>United Express – Chicago (O’Hare), Denver </li></ul></ul><ul><ul><li>US Airways/Mesa Airlines, Inc – Phoenix </li></ul></ul>
  23. 23. Colorado Springs Non-Stop Flights Colorado Springs LA 3 Hours 3 Hours Las Vegas 2 Hours San Francisco Minneapolis 2 Hours Chicago 3 Hours Atlanta Phoenix 2 Hours 3 Hours 2.5 Hrs 2 Hours Dallas Houston Salt Lake City 1.5 Hours
  24. 24. Denver Non-Stop Flights COLORADO 1 Hour Drive to Denver 600 Non-Stop Flights From DIA Daily
  25. 25. Education
  26. 26. Pikes Peak Community College Colorado Technical University Colorado College University of Colorado at Colorado Springs Centennial Campus Rampart Range Campus
  27. 27. Source: Offices of Admissions and Records - Fall 2007 Approximate Enrollment Educational Institutions <ul><li>Universities and Colleges </li></ul><ul><ul><li>University of Colorado at Colorado Springs (7,693) </li></ul></ul><ul><ul><li>U.S. Air Force Academy (4,330) </li></ul></ul><ul><ul><li>Colorado College (1,998) </li></ul></ul><ul><ul><li>Colorado Technical University (1,926) </li></ul></ul><ul><ul><li>Regis University (1,400) </li></ul></ul><ul><ul><li>Webster University (300) </li></ul></ul><ul><ul><li>Nazarene Bible College (986) </li></ul></ul><ul><ul><li>University of Phoenix at Colorado Springs (1,250) </li></ul></ul><ul><ul><li>Colorado Christian University (312) </li></ul></ul><ul><ul><li>Colorado State University – Pueblo (589) </li></ul></ul>
  28. 28. Source: Offices of Admissions and Records - Fall 2007 Approximate Enrollment Educational Institutions <ul><li>Vocational Institutions/Junior Colleges </li></ul><ul><ul><li>Pikes Peak Community College (10,526) </li></ul></ul><ul><ul><li>IntelliTec College (262) </li></ul></ul><ul><ul><li>Everest College (500) </li></ul></ul><ul><ul><li>National American University (305) </li></ul></ul><ul><li>Boarding/Private Schools </li></ul><ul><ul><li>Colorado Springs Christian School </li></ul></ul><ul><ul><li>Colorado Springs School </li></ul></ul><ul><ul><li>Fountain Valley School </li></ul></ul>
  29. 29. Source: Individual District Offices, Fall 2007 MSA Education Facts 2007 - 2008 Student Enrollment Average of All Districts: Student Teacher Ratio - Percent Pursuing Continuing Education - Drop-Out Rate for Secondary Grades - Percent of Teachers with Postgraduate Degrees District 11 - 52% District 12 - 61% District 20 - 55% District 38 - 54% District 49 - 33% State Average - 48% 104,824 16:1 78.6% 3.4%
  30. 30. MSA Education K-12 Facts 2007 ACT Scores per Largest Districts: Math English Reading Science Average District 11 18.7 17.8 18.8 18.5 18.6 District 12 23.8 22.5 22.9 22.0 22.9 District 20 20.3 20.9 22.0 21.0 21.1 District 38 21.7 20.5 21.4 21.3 21.3 District 49 18.6 17.9 19.2 19.3 18.9 <ul><li>The State of Colorado requires all high school juniors to take the ACT test. </li></ul>
  31. 31. K-12 Advanced Programs <ul><li>School District 11 offers an International Baccalaureate Program. A rigorous, pre-university course of study for highly motivated students, the IB Diploma program serves high school juniors and seniors. </li></ul><ul><li>School District 20 was the first district in North America to offer a K-12 International Baccalaureate Program. The Primary Years Program is offered at 2 elementary schools for grades K-5. The Middle Years Program for grades 6-10 are offered at 1 middle school and 1 high school with the Diploma Years Program continuing at the high school for grades 11-12. </li></ul>
  32. 32. Cost of Living
  33. 33. 100.0 96.7 99.7 92.6 101.1 123.0 110.6 93.2 116.1 92.1 102.6 105.0 Cost of Living Percent of Nat’l Average 95.8 Source: C2ER-2008 Annual Average Report Based on a composite of 100% 107.9 Dallas, TX COLORADO SPRINGS, CO Spokane, WA Boise, ID Albuquerque, NM NATIONAL AVERAGE Raleigh, NC Salt Lake City, UT Phoenix, AZ Denver, CO Las Vegas, NV Reno-Sparks, NV Portland, OR Seattle, WA Los Angeles, CA 147.7
  34. 34. 305,575 343,969 400,641 311,907 386,779 267,053 303,972 309,417 274,269 307,315 Housing Cost Comparison $212,394 239,578 Source: C2ER-2008 Annual Average Three Bedroom Home (2,400 sq.ft.) Dallas, TX Spokane, WA Boise, ID COLORADO SPRINGS, CO Albuquerque, NM NATIONAL AVERAGE Phoenix, AZ Raleigh, NC Salt Lake City, UT Denver, CO Reno-Sparks, NV Las Vegas, NV Portland, OR Seattle, WA Los Angeles, CA 768,228 445,978 413,567
  35. 35. 162.68 168.68 177.31 176.61 145.50 159.50 120.80 120.43 173.55 144.29 182.70 184.93 144.36 Residential Utility Comparison $119.67 Source: C2ER-2008 Annual Average Average monthly cost for all-electric homes or the average monthly cost at current rates for natural gas, fuel oil, coal, wood, and any other forms of energy. Monthly Average Salt Lake City, UT COLORADO SPRINGS, CO Seattle, WA Boise, ID Albuquerque, NM Spokane, WA Portland, OR Raleigh, NC Phoenix, AZ Denver, CO Los Angeles, CA Las Vegas, NV Dallas, TX NATIONAL AVERAGE Reno-Sparks, NV 189.28
  36. 36. Taxes
  37. 37. Source: Stockman Kast Ryan & Company, January 2009 Corporate Income Tax <ul><ul><li>4.63% Rate With Adjustments </li></ul></ul><ul><ul><li>No “S Corporation” State Tax </li></ul></ul><ul><ul><li>For apportioning income between states, a single-factor method is used, by which all business income must be apportioned on the basis of the Colorado sales as a percentage of total gross sales. </li></ul></ul>
  38. 38. Source: Stockman Kast Ryan & Company, January 2009 Personal Income Tax <ul><li>4.63% of Federal Taxable Income, with Adjustments </li></ul><ul><li>Alternative Minimum Tax - 3.47% of AMT Income calculated using Federal rules with appropriate state adjustments </li></ul>
  39. 39. Source: Stockman Kast Ryan & Company, January 2009 Property Tax Benefits <ul><li>No Tax on Inventory </li></ul><ul><li>No City Tax on Custom Software </li></ul><ul><li>No State Tax on Computer Software </li></ul><ul><li>Credits on Large Personal Property Investment (4 years) </li></ul><ul><ul><ul><li>City - 50% credit - above $1 million </li></ul></ul></ul><ul><ul><ul><li>- 90% credit - above $5 million </li></ul></ul></ul><ul><ul><li>Negotiated with the City of Colorado Springs, based on results of an economic impact analysis. </li></ul></ul>
  40. 40. Climate
  41. 41. Source: National Climatic Data Center, Comparative Climatic Data for the United States through 2000, 05/07 *through 2004, 05/07 30 Year Average MSA Climate Facts <ul><li>Average Annual Precipitation 17.4 Inches </li></ul><ul><li>Average High Temperature </li></ul><ul><ul><li>July 84.4 Degrees </li></ul></ul><ul><ul><li>January 41.7 Degrees </li></ul></ul><ul><li>Average days of Sunshine* 250 days </li></ul><ul><li>(Clear Skies) </li></ul><ul><li>Average Days of Sunshine 300 days </li></ul><ul><li>(Including Partly Cloudy) </li></ul>
  42. 42. Degrees Fahrenheit Source: National Climatic Data Center; Comparative Climatic Data for the United States through 2000, 05/07 MSA Climate Facts 30 Year Average
  43. 43. Economic Base
  44. 44. <ul><li>Agilent Technologies, Inc. </li></ul><ul><li>Atmel Corporation </li></ul><ul><li>Boeing Company IDS </li></ul><ul><li>Computer Sciences Corporation </li></ul><ul><li>EDS </li></ul><ul><li>FedEx Services Corporation </li></ul><ul><li>Focus on the Family </li></ul><ul><li>Hewlett Packard </li></ul><ul><li>IR Security & Technologies </li></ul><ul><li>ITT Industries Inc.-Sys. Div. </li></ul><ul><li>Lockheed Martin Corporation </li></ul><ul><li>Oracle Corporation </li></ul><ul><li>Progressive Insurance Company </li></ul><ul><li>Provident Pharmaceuticals, LLC </li></ul><ul><li>Quantum Corp, DLT Division </li></ul><ul><li>Science Applications Int’l </li></ul><ul><li>T.Rowe Price Associates, Inc. </li></ul><ul><li>T-Mobile USA Inc. </li></ul><ul><li>United Services Automobile </li></ul><ul><li>Association (USAA) </li></ul>Updated 01/09 Examples of Firms
  45. 45. Updated 01/09 <ul><li>Lockheed Martin Corporation </li></ul><ul><li>Northrop Grumman </li></ul><ul><li>Oracle Corporation </li></ul><ul><li>Progressive Insurance Company </li></ul><ul><li>Qwest Communications Int’l </li></ul><ul><li>Raytheon Company </li></ul><ul><li>Science Applications Int’l </li></ul><ul><li>United Services Automobile Association (USAA) </li></ul><ul><li>Verizon Business </li></ul><ul><li>Agilent Technologies, Inc. </li></ul><ul><li>Boeing Company </li></ul><ul><li>Computer Sciences Corporation </li></ul><ul><li>Federal Express Corporation </li></ul><ul><li>Ford Credit </li></ul><ul><li>Goodrich Corporation </li></ul><ul><li>Hewlett Packard </li></ul><ul><li>Honeywell </li></ul><ul><li>ITT Industries Inc. </li></ul><ul><li>L-3 Communications West </li></ul>Fortune 500 Firms
  46. 46. Verizon
  47. 47. Quantum Corporation
  48. 48. The Broadmoor – 5 Star Resort
  49. 49. Progressive Insurance Regional Headquarters
  50. 50. Compassion International Headquarters
  51. 51. United States Air Force Academy
  52. 52. USOC Training Center
  53. 53. JA Worldwide Headquarters
  54. 54. Updated 01/09 Headquarters of National Associations & Organizations (Partial List) <ul><li>Compassion International </li></ul><ul><li>Focus on the Family </li></ul><ul><li>JA Worldwide </li></ul><ul><li>The Navigators </li></ul><ul><li>Professional Rodeo Cowboys Association </li></ul><ul><li>The Space Foundation </li></ul><ul><li>U.S. Olympic Committee </li></ul>
  55. 55. Sports Organizations in Colorado Springs (Partial List) <ul><li>Mountain West Conference </li></ul><ul><li>Pacific Coast League </li></ul><ul><li>Professional Rodeo Cowboys Association </li></ul><ul><li>U.S. Fencing Association </li></ul><ul><li>U.S. Figure Skating Association </li></ul><ul><li>U.S. Hang Gliding Association, Inc. </li></ul><ul><li>U.S. Olympic Training Center </li></ul><ul><li>USA Basketball </li></ul><ul><li>USA Cycling </li></ul><ul><li>USA Hockey </li></ul><ul><li>USA Judo </li></ul><ul><li>USA Swimming </li></ul>Updated 01/09
  56. 56. Recreation
  57. 58. Recreation Within One Hour Drive <ul><li>Pikes Peak - America’s Mountain </li></ul><ul><li>Manitou Springs </li></ul><ul><li>Cheyenne Mountain Zoo </li></ul><ul><li>Denver Broncos Football </li></ul><ul><li>Arkansas River Whitewater </li></ul><ul><li>Cave of the Winds </li></ul><ul><li>Manitou Cliff Dwellings </li></ul><ul><li>Royal Gorge </li></ul><ul><li>Denver Nuggets Basketball </li></ul><ul><li>Colorado Rockies Baseball </li></ul><ul><li>Colorado Avalanche Hockey </li></ul><ul><li>Air Force Falcon Athletics </li></ul><ul><li>Cripple Creek </li></ul><ul><li>CC Hockey </li></ul><ul><li>Skysox Baseball </li></ul><ul><li>Seven Falls </li></ul><ul><li>Garden of the Gods </li></ul><ul><li>Broadmoor Hotel </li></ul><ul><li>World Class Golfing </li></ul><ul><li>Dude Ranches </li></ul><ul><li>Camping </li></ul><ul><li>Fly Fishing </li></ul><ul><li>Hiking </li></ul><ul><li>Waterskiing </li></ul>
  58. 59. Cultural Opportunities <ul><li>Pikes Peak Fine Arts Center </li></ul><ul><li>Colorado Springs Symphony </li></ul><ul><li>World Arena </li></ul><ul><li>Colorado Festival of World Theatre </li></ul><ul><li>Old Colorado City & Manitou Springs </li></ul><ul><li>Garden of the Gods Parks & Visitors Center </li></ul><ul><li>Flying W Ranch </li></ul><ul><li>Colorado College Theatre </li></ul><ul><li>University of Colorado at Colorado Springs - Theatreworks </li></ul><ul><li>Denver Arts and Symphony Offerings </li></ul>
  59. 60. Shopping
  60. 61. Shopping <ul><li>Chapel Hills Mall </li></ul><ul><li>Citadel Mall </li></ul><ul><li>Shops at Briargate </li></ul><ul><li>Ann Taylor </li></ul><ul><li>Banana Republic </li></ul><ul><li>Cost Plus World Market </li></ul><ul><li>Costco </li></ul><ul><li>J Jill </li></ul><ul><li>MacSuperstore </li></ul><ul><li>Pier 1 Imports </li></ul><ul><li>Pottery Barn </li></ul><ul><li>REI </li></ul><ul><li>Whole Foods Market </li></ul><ul><li>Williams-Sonoma </li></ul>
  61. 62. Restaurant Chains <ul><li>Mimi’s Café </li></ul><ul><li>PF Changs </li></ul><ul><li>Elephant Bar </li></ul><ul><li>Romano’s Macaroni Grill </li></ul><ul><li>Champs </li></ul><ul><li>Joe’s Crab Shack </li></ul><ul><li>Outback Steakhouse </li></ul><ul><li>Ted’s Montana Grill </li></ul><ul><li>Wahoo’s Fish Taco </li></ul><ul><li>Olive Garden </li></ul><ul><li>Famous Dave’s Barbecue </li></ul><ul><li>Texas Road House </li></ul><ul><li>Biaggi’s </li></ul><ul><li>Johnny Carino’s </li></ul><ul><li>On the Border </li></ul><ul><li>Red, Hot & Blue </li></ul><ul><li>Old Chicago </li></ul><ul><li>Applebee’s </li></ul><ul><li>Chili’s </li></ul><ul><li>Panera Bread </li></ul><ul><li>CPK </li></ul>
  62. 63. Healthcare
  63. 64. Memorial Health System <ul><li>Comprehensive health care to all—from premature babies to seniors, including: </li></ul><ul><li>Birth Center </li></ul><ul><li>Cancer Center </li></ul><ul><li>Cardiac Care </li></ul><ul><li>Emergency & Trauma </li></ul><ul><li>Orthopedics </li></ul><ul><li>Pediatrics, including southern Colorado's only Neonatal and Pediatric Intensive Care Units </li></ul><ul><li>Rehabilitation </li></ul><ul><li>Sleep Disorders Center </li></ul><ul><li>Women’s Maternal Services </li></ul>
  64. 65. Penrose / St. Francis Health Services <ul><li>A full complement of emergency, medical and surgical services, several programs and clinical specialties truly distinguish the system including: </li></ul><ul><li>Behavioral Health Services </li></ul><ul><li>Cancer Center </li></ul><ul><li>Heart Center </li></ul><ul><li>Hospice and Palliative Care </li></ul><ul><li>Level II Neonatal Intensive Care Unit </li></ul><ul><li>Outpatient Surgery </li></ul><ul><li>Rehabilitation </li></ul>
  65. 66. <ul><li>Greater detail can be located in the following </li></ul><ul><li>sections of the Colorado Springs Economic </li></ul><ul><li>Development Corporation’s CD: </li></ul><ul><ul><li>Factbook </li></ul></ul><ul><ul><li>Quality of Life </li></ul></ul>