High-tech industry
A large percentage of Colorado Springs' economy is still based on high tech and manufacturing complex electronic equipment. The high tech sector of Colorado Springs area has decreased its overall presence in the Springs' economy over the past six years (from around 21,000 down to around 8,000), notably in information technology and complex electronic equipment. (2006-2007 Southern Colorado Economic Forum Publication pg 18) Due to the slowdown in tourism, the high tech sector now ranks second to the military in terms of total revenue generated and employment. It is projected by the trend that the high tech employment ratio will continue to decrease in the near future. Besides the high tech sector, there are also several research and development firms located in Colorado Springs.[citation needed]
Because of Colorado Springs’ central U.S. location, available surplus of highly educated workers, and business friendly climate; several companies have plans to either expand their current operations in Colorado Springs or have considered Colorado Springs as a competitive area for relocating or opening a business.
High tech corporations with connections to the city include:
(Source: Wikipedia.org)
