Although the city's work force is among the nation's most highly educated, the area's record-low unemployment rate makes hiring needed workers more difficulty. Access to capital is limited, with only a few venture funds making investments here. Capital has become more scarce as the nation's economy slows. Investors are more likely to pump more money into existing investments, rather than aggressively seeking new investments. Specialized lab facilities in Colorado Springs are limited, and convenient air and surface transportation remain a major concern.
Seasoned entrepreneurs are available, but few have experience with the newest technologies.
Local startups have succeeded, only to be required to move their operations to other communities to secure funding or hire seasoned managers. Competition among startups in Colorado Springs also is minimal. High-tech professionals sought by startups want a high quality of life that included the physical environment, cultural amenities and cultural diversity. Physical environment is a strong draw for Colorado Springs, but the city's cultural amenities are somewhat limited. Cultural diversity is improving, albeit slowly.