The economy in Colorado Springs is largely military and defense based. The city has a long history with the military. Colorado Springs is home to Fort Carson, the Peterson Air Force Base, the Schriever Air Force Base, the United States Air Force Academy, and the NORAD and Cheyenne Mountain Air Station. The number of military bases and academies in Colorado Springs greatly helps to boost the economy. Similarly, the defense industry has a huge impact on Colorado Springs’ economy. Boeing, General Dynamics, and the Space Foundation are among the many defense corporations with branches or headquarters in the city.
Tech and tourism also play big roles in Colorado Springs. Verizon Business, Hewlett-Packard, and SAN are all located in Colorado Springs, contributing to the high-tech industry that helps support the healthy economy of the city. Due to Colorado Springs’ location at the base of Pikes Peak, the city sees plenty of tourism throughout the year. Besides Pikes Peak, tourists come to Colorado Springs for the Garden of the Gods, the United States Air Force Academy, and the U.S. Olympic Training Center.
The top employers in Colorado Springs are Fort Carson, the Peterson Air Force Base, the Schriever Air Force Base, the United States Air Force Academy, and Memorial Health Services.