Outside US & Canada?
In 2004, the Colorado Springs area had an average personal income of $31,991, which, according to the U.S. Department of Commerce's Bureau of Economic Analysis, was approximately 3% less than the national average. Average income in the area has grown about 9.5% in the past 35 years, which is about 27% above the national average.
The economy in the Colorado Springs area is mainly driven by the military, high-tech industry, and tourism. The area is also home to many military installations, national defense agencies, and the United States Air Force Academy.
Major corporations with economical connections to the Colorado Springs area include:
- Verizon
- HP
- SNIA
- Agilent
- Intel
- Atmel
The Colorado Springs economy is one of the nation's top ten fastest growing economies. The high-tech trend in the area is an expansion of bio-tech and chip manufacturing. In terms of revenue generated and people employed, the high-tech industry falls second behind the military, whose employment is projected to remain stable.
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