Southern Colorado Business Partnership
Key Industries
Aerospace/Defense
Because Southern Colorado is home to the United States Air Force Academy, NORAD/Northcom, Air Force Space Command and Fort Carson, the Aerospace and Defense industry is the leading economic engine in the region. Southern Colorado is an important hub for military technology and support for some of the Department of Defense’s top strategic missions. Several hundred defense contractors, employing more than 10,000 highly skilled engineers and technicians, support the military missions.
 
Agriculture/Ranching
Farming and ranching is the main income source for many southern Colorado communities.  Potatoes, barley, and wheat are the main crops but also grown here are carrots, alfalfa, lettuce, broccoli, canola, cantaloupe and cauliflower.  Ranching of sheep and cows are another industry found here.

Clean Technology
Colorado is one of the leading states for clean technology innovation and is ranked 5th in the country for clean tech employment and 10th in fossil fuel energy jobs. With its abundant energy resources ranging from traditional fossil fuels to solar, wind, geothermal and biomass, Colorado is a focal point for clean technology opportunities. There are several companies in the Pikes Peak region that develop and manufacture new energy and water efficiency products. The U.S. Department of Energy’s National Renewable Energy Lab (NREL) in Golden is the nation’s primary laboratory for renewable energy and energy efficiency R&D.
 
Sustainability is an integral part of who we are as a community. Efforts in the Pikes Peak region include: single stream recycling, focused water efficiency and conservation, use of LED street lighting to reduce energy consumption, community solar gardens, and recycled rubber tires for road construction projects and more.
 
Customer Support / Financial Services / Back Office
A number of corporate back office campuses are based in Southern Colorado providing services ranging from customer support to technical services to high-level financial services. Located in the Mountain Time Zone, Southern Colorado can provide customer support easily to all time zones. A trained, competent workforce provides the latest customer and technical support for many corporations.
 
Healthcare
The dynamic healthcare industry has made a substantial impact in Southern Colorado. Synergies between employers, biotech, technology, and healthcare businesses have already yielded exciting results and have barely tapped the great potential. The Pikes Peak region has a culture of fitness and good health that is reinforced by our, outdoor-friendly climate, and amateur sports capital designation. This culture, combined with our entrepreneurial passions and recent expansion in health and wellness research and education, has fostered growth of the healthcare industry here. The institutions of higher education have raised the standard of training and enhanced curriculum to address the needs of the industry.
 
Higher Education
Many locally based colleges and universities, both private and state-supported, provide high quality academic and professional programs. The local population takes full advantage of the opportunity to learn new skills, expand their knowledge and prepare for new careers. Locally, many students don’t fit the typical “college student” profile and programs often cater to the needs of adults working full time. “Lifelong learning” characterizes the involvement of the local community with the region’s institutions of higher learning. Colorado ranks fourth among the 50 states in the percentage of citizens with college degrees. As of 2010, more than one-third of Coloradans 25 and older had a degree. Each year more than 30,000 people graduate from Colorado colleges and universities.
 
Information Technology
A large and growing number of companies in the Pikes Peak region develop software as their primary business. Several large employers have major in-house software development and systems engineering divisions. Products include software for e-business, aerospace and defense systems; financial accounting and inventory control systems; entertainment, games and virtual reality products; and telecommunications services. Because of the number of defense installations, in the Pikes Peak Region has one of the most sophisticated communications networks in the nation. This network helps support research firms that require state-of-the-art communications capabilities.
 
The Pikes Peak Region is a growing hub for data center activity and is consistently ranked as one of the top 10 best cities for a data center for the past several years. With our low seismic activity, low utility costs, extremely reliable power capabilities and more than 8,000 hours a year of free cooling by using outside air – the numbers make total sense. Some of the major companies with a corporate data center presence in Colorado Springs include FedEx Services Corporation, Progressive Insurance, Hewlett Packard and Walmart.
 
Manufacturing
More than 200 manufacturers are located in Southern Colorado, making a variety of products ranging from aerospace equipment to medical devices to semiconductors,. Locally based manufacturers thrive because of a positive, strong business climate, favorable workers’ compensation rates, low taxes, low cost utilities, and an exceptional workforce. Regional educational institutions, such as Pikes Peak Community College, the University of Colorado Colorado Springs, Colorado State University-Pueblo, Colorado Technical University, Otero Junior College, Lamar Community College, Trinidad State Junior College and Pueblo Community College are responsive to manufacturers, tailoring their training to workforce requirements. A plentiful supply of trained military retirees are work ready to fill jobs at every level in a manufacturing environment.
 
Medical Innovation & Technology
Approximately 40 medical device manufacturers and life science companies are here, drawn by the highly skilled workforce, low taxes, strong business climate and low utility costs. Some of our better-known companies include Spectranetics, Synthes (a Johnson & Johnson company), Bal Seal Engineering, CEA Medical Manufacturing and dpiX. The University of Colorado at Colorado Springs (UCCS) offers engineering degrees in health, mechanical engineering, biochemistry and electrical engineering. The City of Colorado Springs recently leased the Memorial Hospital System to the University of Colorado Health System. Part of the agreement includes a branch medical school campus and research opportunities in Colorado Springs, which will lead to more innovation, and investment in the community. UCCS also houses Mind Studios, a development lab that specializes in medical device prototypes.
 
Mining
Both coal and gold mining are still important industries in southern Colorado and Teller County. 

Nonprofit
Southern Colorado has over  2,500 nonprofit organizations and several hundred of these are national or international in scope and have headquarters here. More than 80 percent of all revenue received by the 1,200 non-congregational organizations comes from outside the region. The nonprofit sector’s total net economic benefit to the regional economy exceeds $1.7 billion per year. National and international nonprofits headquartered in Colorado Springs include the Center for Creative Leadership, Compassion International, Focus on the Family, Junior Achievement, Navigators, the Professional Rodeo Cowboys Association, and the United States Olympic Committee.
 
Sports Economy
The Pikes Peak Region is the hub for amateur sports with more than 45 national and international sports organizations based in the region. Led by the United States Olympic Committee, the sports organizations, manufacturers and companies based here generate more than $400 million of economic activity to the region each year. Many national governing bodies are headquartered here, such as USA Basketball, USA Figure Skating, USA Hockey, USA Swimming, and USA Volleyball. Other leading sports organizations include the National Strength and Conditioning Association, the Mountain West Conference, the Professional Rodeo Cowboys Association, and the Women’s Professional Rodeo Association.
 
Leading sports manufacturers and innovators are also based here due to the excellent workforce, exceptional outdoor lifestyle and great business climate. Cycling manufacturers include SRAM, SRM, Rotor and Koobi Saddles, plus a number of fitness and training companies such as Carmichael Training Systems.