Colorado Springs – a beautiful city in the Pikes Peak area – is well-positioned in terms of economic power and growth. The city’s economy has been booming for the last 10 years, with the development of advanced-technology manufacturing, tourism, and business services.
The major portion of the city’s economy is contributed by the five military installations. According to statistics, there are around 14,100 military personnel and 10,847 civilian employees. This makes around one fifth of the city’s total workforce. Fort Carson – one of the five military installations – maintains more than 15,000 employees. The U.S. Air Force Academy, the North American Air Defense Command (NORAD), and Fort Peterson Air Force Base (AFB) also provide excellent job opportunities. radon mitigation colorado springs
The Greater Colorado Springs chamber of Commerce has the highest number of job opportunities. More than 1,700 member businesses are available under the chamber, which employs around 90,000 employees. Greater Colorado Springs Economic Development Corporation (EDC) – a privately funded non-profit organization – also creates great opportunities for potential candidates. It is estimated that the 14 EDC-assisted companies will be offering nearly 2,000 jobs in the next few years.
The rapid growth of the aerospace industry has spurred many high-tech technology firms to move to Colorado Springs. This has paved the way for many career opportunities. Hewlett-Packard Company – along with 17 other electronics companies – employs around 10,000 workers. Moreover, the U.S. Space Foundation (USSF) and the Space Commands at AFB have put forward many proposals for future space-related projects, which will greatly improve the current employment status of the city.
Today, Colorado Springs is one of the top tourist destinations in the U.S. In 1999, tourism accounted for nearly 5.2% of total employment. In the next two years, it grew at a rate of 2.7%. The hotel and casino industry also plays a vital role in providing quality employment opportunities.
Some of the major employers in Colorado Springs are Memorial Hospital, Penrose-St. Francis Health Services, Amtel and Intel (chip fabrication), Colorado Springs School District, and Schriever AFB.