List: Downtown Colorado Springs business closures in 2024

Several businesses in downtown Colorado Springs have closed this year, citing various factors from the rising cost of business to residual challenges from the COVID-19 pandemic.China Town Restaurant, at 326 S. Nevada Ave., was the latest to say it will close. The longtime favorite restaurant for Chinese food will shutter its doors at the end of December.

China Town Restaurant on Saturday, Nov. 30, 2024. 

Parker Seibold, The Gazette

Here is a non-exhaustive list of other downtown business closures in 2024, as reported by The Gazette, with some locations filled by new ventures:• 3E’s Comedy Club closed at 1 S. Nevada Ave. on Feb. 1. The club opened downtown in September 2020. Owner Eric Phillips previously said he planned to reopen 3E’s at Victory Ridge, in the booming InterQuest area in northern Colorado Springs. The nonprofit Colorado Springs Community Cultural Collective moved into the club’s former South Nevada Avenue location, making it the new home for its workforce programs, rebranded as Opus Creative Industries.

• On Feb. 11, Kansas City, Mo.-based franchisee La Tavola Hospitality Group closed its Marcos Pizza location at 12 S. Tejon Street.• Prohibition-era themed bar Brooklyn’s on Boulder Street, which opened in 2016, closed its location at 110 E. Boulder St. in early March.

Sign up for free: Gazette Business

Receive a weekly roundup of business news around El Paso County.

Success! Thank you for subscribing to our newsletter.

#nsltr {
min-width: 100%;
margin: 10px 0;
padding: 10px 20px;
background-color: #0f69e9;

background-image: url(https://static.gazette.com/emails/circ/Audience%20Images/Gaztte%20Business.png);
background-size: cover;

}

#nsltr-header {
color: #ffffff
}
#nsltr-body {
text-align: center;
color: #ffffff
}
#nsltr-button {
margin-top: 5px;
}
#successnsltr {
min-width: 100%;
margin: 10px 0;
padding: 10px 20px;
background-color: green;
text-align: center;
color: white;
}

#successnsltr a {
color: white;
}

.hideblock {
display:none;
}

h6 a {
color: black;
text-decoration: none;
padding: 5px;
background-color: #bbccdd;
font-weight: 600;
}

DelVal Poultry Science Center gets $2 million boost

Delaware Valley University (DelVal) has received a $2,025,000 Redevelopment Assistance Capital Program (RACP) grant from the Pennsylvania Department of Budget to support the construction of a new Poultry Science Center on the main campus in Doylestown, Pennsylvania. Gov. Josh Shapiro’s office announced the grant awards on November 2. The university first announced plans for the new facility in July 2023.“We are thrilled to receive this vital funding that accelerates our ability to build a state-of-the-art facility dedicated to advancing poultry research, education and innovation,” said DelVal President Dr. Benjamin Rusiloski. “This grant, along with the cornerstone gift from Mountaire Farms, Inc., puts us significantly closer to breaking ground for the new facility. The need for research, innovation and teaching in poultry science is critical to support the ongoing growth in the poultry industry in the United States and worldwide.”The new Poultry Science Center will provide modern research laboratories, classrooms, and demonstration spaces designed to foster collaboration between students, faculty and industry experts. The facility will also have the capacity to produce 5,000 birds every 6 to 8 weeks, providing an additional revenue stream to support teaching and learning at DelVal.“We extend our thanks to Sen. (Steve) Santarsiero and Rep. (Tim) Brennan for their assistance in securing this grant,” added Dr. Rusiloski.“Delaware Valley University, as a leader in agricultural science education, is uniquely positioned to meet the growing need for higher education programs focused on poultry science,” Santarsiero said. “The new Poultry Science Center will provide students with hands-on educational experience to successfully join this growing work force while providing continuing education to local processors and industry professionals.”Brennan added: “In my first term, I worked to preserve agriculture space, advancing a bill to save more farms – a huge challenge in the 21st century.  Projects like this make sure we are doing the most we can with that preserved space.  Delaware Valley University (DelVal) has consistently demonstrated a commitment to excellence in agricultural sciences, and the Poultry Science Center is a testament to the institution’s dedication to innovation and progress. This project is important to Bucks County, not only in terms of education and research, but also in promoting economic growth and sustainability.”

Pricol to acquire injection moulding business of Sundaram Auto Components

Pricol Limited has proposed acquisition of Sundaram Auto Components Ltd (SACL)’s injection moulding business through Pricol Precision Products Private Limited (a wholly owned subsidiary of Pricol Limited) for ₹215.2 crore.According to a press release from Pricol, it will see a consolidated topline addition of nearly ₹730 crore combined with SACL’s healthy financial parameters. The debt-free acquisition is being made through an all cash deal and is subject to adjustments, if any, as defined in the agreement at the time of closing the deal.SACL is a recognised player in the automotive component industry. The acquisition presents Pricol with an opportunity to scale the injection moulding business into an independent business vertical. It also fortifies the opportunities to expand the customer base and product offerings through effectively integrating the synergies of Pricol and SACL, the press release said.Managing Director of Pricol, Vikram Mohan, said, “With this acquisition, our focus will remain on harnessing the combined potential of Pricol and SACL, to become an integrated solution player, driving innovation, and delivering sustainable growth.”K. Gopala Desikan, Group CFO of TVS Motor Company, said, “As market dynamics evolve, and we allocate capital more efficiently in accordance with our strategic plans, we are delighted that Pricol, our trusted long-term supplier partner, is taking over the business.” Published – December 03, 2024 09:26 pm IST
Read Comments
Copy link

Email

Facebook

Twitter

Telegram

LinkedIn

WhatsApp

Reddit

Remove

SEE ALL
PRINT

Business classes partner with charity to bring clean water to towns in Guatemala

It can be hard for a Marquette Business student to imagine what life is like in Quiche, Guatemala. In Milwaukee, getting water takes a couple steps, not a couple hours. Three thousand dollars is a regular paycheck, not a year’s salary. Internet, banking, basic manufacturing, even concrete floors — all things are at once taken for granted in America and luxuries in the mountainous regions of Guatemala. “We are thinking a lot more about what a business’ role is in the world,” says Cynthia Baricos, a student in the Executive MBA program who is in one of Milovic’s classes. “It’s all about asking what an organization should be, what it should do and how it should conduct itself. The answers are very different across geographies.” Students in Dr. Alex Milovic’s marketing classes have lots of time to reflect on these questions when doing work for Global Partners: Running Waters, a Milwaukee-based charity that raises money to deliver potable water to communities in Guatemala. To date, GPRW has completed over 150 water projects that have improved life for more than 300,000 people.  Milovic, an associate professor of practice in marketing, has two classes completing project-based assignments for GPRW: one at the undergraduate level and one at the EMBA level. These students are c developing social media plans, identifying fundraising prospects, conducting website audits and refining pitches to potential donors. This service learning combines classroom instruction with practical experience. “We talk all the time at Marquette about being men and women in service to others and that’s what service learning is all about. Service learning is the heart of Marquette University,” Milovic says. According to Director of Service Learning Kim Bohat, 800 to 1,000 students each semester engage in some kind of service-based class. Most of them are placed directly with an organization, which means volunteering at a particular place for two hours each week. Milovic’s class is different. After representatives of GPRW explain what the organization does and what it needs, students work independently to come up with a strategic plan that addresses the problem from a marketing perspective. “Outside of having a child and getting married, the EMBA program has been one of the most transformative experiences of my life.”Cynthia Baricos, EMBA studentTransparency from the partner organization and open-mindedness from the faculty member are crucial to making this kind of service-learning work. “Alex didn’t come up with a bunch of preconceived notions about what the project was going to be; he worked with the partner and both sides were very honest about desired outcomes and needs,” Bohat says. “Willingness to share information, stories and their journey, as well as a willingness to communicate on a regular basis, is part of what makes a good partner,” Milovic says. “GPRW is the perfect example of a firm that should be working with Marquette. They have great leadership and are helping people to the extreme.” In Baricos’ case, she analyzed GPRW’s social media presence to see where they could do better to reach potential donors. The charity has a very small marketing team and would not usually pay for consulting services; the report Baricos prepared was not something GPRW would have been likely to get elsewhere. That effort was part of a class-wide project to understand what GPRW’s value proposition was, then optimize its business to ensure there were no wasted opportunities when it came to delivering on that vision.  The downstream effects of the students’ work is staggering. According to Director of Applied Global Business Learning Dr. Heather Kohls, who has partnered extensively with nonprofits based in Central America, women in rural villages spend between eight and 12 hours every week gathering clean water. If these villagers have a local water source, the women have time to produce excess food or bring in money through entrepreneurship. Locals can mix concrete to put floors in their homes, drastically reducing the rate of soil borne illnesses. Kohls has seen firsthand how just a little bit of investment in these communities can pay massive dividends. “These women all learned handicrafts from their families; it’s really amazing how quickly they set up businesses and become the economic engine of their community,” Kohls says. Service learning is grounded in the Jesuit cycle of critical reflection, action and change, exposing hundreds of students every year to experiences that are essential for a well-rounded Marquette education. It’s why Milovic is hoping to eventually introduce a service-learning component to all of his classes, and why Baricos feels that her experience working with GPRW was a memorable one. “Outside of having a child and getting married, the EMBA program has been one of the most transformative experiences of my life; opportunities to do this type of work are the reason why,” Baricos says. 

Is Enron really back in business? Here’s what to know.

In the long history of financial frauds, Enron ranks near the top of the list, with the once high-flying energy trading company suddenly unraveling in a web of lies and accounting sleight-of-hand. On Monday — the 23rd anniversary of its bankruptcy — the company seemed to announce that it’s back “with a bold new vision.”The Dec. 2 announcement is sparking questions about whether the site is satire, as well as the identity of the people behind the apparent relaunch. The new Enron website includes the kind of blandly uplifting videos often favored by corporate PR departments, such as a ballerina at the beach and a rocket launch, with a voice over talking about “rebirth” and accepting change. “I am Enron,” several people of various ages and races say at the end of the video. 

The company also took out a billboard in Houston, the former hometown of Enron, according to a video posted on X by CBS affiliate KHOU reporter Victor Jacobo. The billboard features the Enron logo, along with the phrase, “We’re back. Can we talk?The giveaway: The site’s terms and conditions underscore that the “new” Enron is satire. “The information on the website about Enron is First Amendment protected parody, represents performance art, and is for entertainment purposes only,” it states.

So who exactly is behind the stunt? A spokesman for the company didn’t disclose the identities of the people or business behind the announcement, but promised that the new “Enron” will “have more to share soon.””Right now we have no additional comment beyond the press release,” he said in an email to CBS MoneyWatch. The news release cites several goals, in often jargon-filled terms, for the relaunched Enron, including “permissionless innovation” and “solving the energy crisis.””Enron will focus on scalable, sustainable solutions, including investments in renewable energy infrastructure, cutting-edge energy storage and advanced power distribution systems,” the statement says. 

So what happened to the real Enron?Enron filed for bankruptcy on Dec. 2, 2001, amid revelations of hidden debt, inflated profits and accounting fraud. The collapse of the energy giant cost thousands of workers their jobs, while millions of investors saw their shares become worthless.Dozens of executives were charged, including former Enron CEO Jeffrey Skilling, who was sentenced to a 24-year prison term and fined $45 million in 2006 after being found guilty of 18 counts of fraud and conspiracy and one count of insider trading. Skilling was released from prison in 2018.Enron founder and Chairman Kenneth Lay was also convicted, but he died of a heart attack weeks later, while former Enron Chief Financial Officer Andy Fastow was released after about five years in prison.Who owns the Enron name now?The Enron trademark was bought in 2020 for $275 by The College Company, according to a U.S. Patent and Trademark Office document. The file says the company sells t-shirts and Polo shirts, and includes an image of t-shirt with the Enron logo along with the phrase “Summer Internship 1997.”The College Company is run by Connor Gaydos, whose LinkedIn account now identifies him as the CEO of Enron. Gaydos is also known for creating the “birds aren’t real” satirical conspiracy theory with Peter McIndoe, which pokes fun at odd theories that now proliferate around the internet. The “birds aren’t real” conspiracy theory posits that the U.S. government replaced real birds with drones.

The origins of Birds Aren’t Real

01:59

The X account for Enron tweeted on Monday, “We’re back. Can we talk?”At the end of its tweet thread, it added, “This is the final tweet in this thread. Any impersonators of Enron below this are a scam. Don’t click on any links. Stay safe.”

This viral new Christmas movie starring Ben Stiller was filmed in Ohio

A new Christmas movie starring Ben Stiller is going viral with recent reviews, and it was filmed right here in Ohio.Many have taken to social media to talk about the new movie, saying it’s the “best new Christmas movie of the year.”If you were out and about in Wilmington, Ohio early this year, you may have spotted the well-known celebrity.Stiller was spotted in the small Ohio town filming his newest movie, Nutcrackers, this past January.Stiller has taken on the lead role of the film and is also a producer.The movie follows a work-obsessed character played by Stiller, who reluctantly travels to rural Ohio to look after his four nephews after their parents die in a car crash.”What begins as a three-day trip to find foster care turns into weeks of farm-life mayhem – and the realization that he doesn’t need to find them a home, they’ve found one for him,” a description on Deadline states.Stiller gave a shoutout to the city and its residents after filming, saying, “Thanks everyone in Wilmington for being so kind and generous. Loved filming here!” He also gave a shoutout to The Murphy Theater.”Check it out it’s a beautiful theater with lots of history,” Stiller said in a post on X, formerly known as Twitter.The Clinton County History Center posted about Stiller’s visit, saying, “Ok — now that we’ve had a moment to breathe! Yes, Ben Stiller REALLY did take a photo beside our outdoor sign at the corners of Lincoln & Locust Streets in Wilmington yesterday,” a post to Facebook read.Stiller posed in front of the museum’s sign, which asked “Ben, we’re ready for Night at the Museum 4, how about you?”The actor responded in the post, saying, “yes, let’s go for #4!”

WILMINGTON, Ohio — A new Christmas movie starring Ben Stiller is going viral with recent reviews, and it was filmed right here in Ohio.Many have taken to social media to talk about the new movie, saying it’s the “best new Christmas movie of the year.”

Commotion This tech company wants to use AI to publish 8000 books next year. Is this a bad sign for book publishers? Amelia Eqbal Arts -Commotion |December 2

The world of book publishing is about to get disrupted in a big way.Spines is a tech startup that wants to use AI to edit, proofread, design and distribute 8000 books next year. But is it democratizing the publishing process, or potentially devaluing the artform?Jen Sookfong Lee is an editor and author. Nathan Maharaj is a bookseller who works in book marketing. Today on Commotion, they join guest host Rad Simonpillai to talk about the Spines business model, and other ways AI is already shaping the future of book publishing.We’ve included some highlights below, edited for length and clarity. For the full discussion, listen and follow Commotion with Elamin Abdelmahmoud on your favourite podcast player.WATCH | Today’s episode on YouTube: [embedded content]Rad: Jen, talk to me about what Spines is up to.Jen: Well, they’re trying to take my job, but it’s fine. They’re going to use AI to edit — I think mostly proofread, actually — distribute, do all the things to produce a book which normally, in traditional publishing, takes between 12 months to 24 months, depending on who’s doing it. They’re saying they’re going to do it in weeks, which is mind-boggling to me, and it’s going to cost I think, like, $5000 at the most…. They’re helping authors get their books to market. They say it’s not self-publishing or vanity publishing, but it really does sound a lot like it, not going to lie.Rad: Yes, and that $5000 is being charged to the customer. I do feel like we’re in an era of vanity publishing, and we’re seeing other companies do that kind of thing too, right? Like Amazon and Forbes Books and stuff like that?Jen: Yeah, 100 per cent. I think a lot of people want to get their work out there, and they want to not have to deal with people like me who might say, maybe change that semicolon. I don’t know.Rad: So Nathan, this startup has been around since 2021, but they’ve only been publishing books this year. What’s the kind of stuff they’re publishing?Nathan: You know, that should be an easier question to answer than it is, Rad. You go to the website — I do this a lot, this is what booksellers do to find out about books — it’s really hard to find out what they’re publishing. When we do finally find a book, the book is Biological Transcendence and the Tao by a gentleman named Carlos Andromeda. But if you want to find out about the book, you’re not going to find out about it on their website because the only thing Spines wants you to know about Carlos Andromeda is how much he enjoyed using their services and what a great deal he got.It’s kind of taken me back to the late ’90s working at Chapters in Mississauga, when I was running the local authors program. Folks would show up with a thing they’d printed, and it was often something similar to Biological Transcendence and the Tao. They’d had an experience, and that’s theirs; I love that for them. But they had a book that they wanted to sell, and it looked a lot like what Spines seems to be facilitating.Rad: The CEO of Spines, Jen, not only says that their plan is to publish 8000 books, but he also said his goal is to help a million authors publish their books. So when you hear that, what’s your reaction?Jen: I didn’t know there were a million authors that want to publish their books. Like, I get a lot of submissions in my inbox; it’s not even close to that number of people, I should just say that. I think it’s nice that people want to publish their stories. Let’s just say you’re somebody who’s doing a genealogy of your family and you want to publish that. That would be a really nice option for you.But I do wonder, what are they going to publish? Because I also used to be a bookseller and every so often somebody would come by and say, “Hey, I want to order this book.” And it would be something like “How to Build a Bomb,” and we’d say, “No, we shouldn’t order that in.” And so I’m wondering with Spines, where is that accountability? Who is going to say, no, you can’t publish this thing that is horribly, graphically violent? You can’t publish this thing that’s a conspiracy theory?Rad: Nathan, what do you make of all this?Nathan: Well, this morning I had a look at their terms. So to address Jen’s concerns, yes, they’ve covered their posteriors pretty effectively with some terms that they won’t publish things that are illegal or what have you. But setting aside how they might filter out the content, the fact is they’re paid before anything comes to market. If no books were published, Spines is getting paid. That’s a business model that tells you a lot. Spines doesn’t seem to need to be thinking too much about readers when they’re thinking about facilitating authors, maybe who submitted a manuscript to somebody like Jen and the answer was no. So if they put some money behind it, they can get to “yes” because there’s someone who will accept their money and offer the services to get it to market.You can listen to the full discussion from today’s show on CBC Listen or on our podcast, Commotion with Elamin Abdelmahmoud, available wherever you get your podcasts.Panel produced by Jean Kim.