Industry in Colorado Springs, CO

Colorado Springs has been identified as having one of the top ten fastest growing economies in the U.S. A large part of Colorado Springs' economy is dependent on the military installations in the area. Fort Carson, the cities largest military base, employs over 15,000 people. Several other major employers in Colorado Springs are from the military sector, such as the U.S. Air Force Academy and North American Aerospace Defense Command.

Another important industry in Colorado Springs is the high-tech industry, which includes aerospace technologies and electronics. Hewlett-Packard and 17 other major electronics companies employ approximately 10,000 workers combined. Colorado Springs is also popular as a tourist destination, due to the area around the city, which includes trails, parks, and the Rocky Mountains, and the grand hotels in the city that make it famous. Pikes Peak, a mountain that is part of the Rocky Mountains, is a popular destination for people visiting Colorado Springs.

The median income for a household in 2000 was $45,081, and the unemployment rate in 2004 was 5.4%.