Author: Dennis Huspeni
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Colorado awarded up to $104 million in federal funds for small business loans
Colorado will receive up to $104.7 million from the State Small Business Credit Initiative for small business loans, especially to minority-owned business or those in rural areas, according to a U.S. Treasury news release Friday. The initiative was initially created during the Obama Administration in 2010, then reauthorized by the American Rescue Plan. Colorado Springs…
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More Colorado cities moving to cut taxes on state-imposed fee
Three of Colorado’s largest cities have changed, or are in the process of changing, city laws that allowed for collecting sales taxes on government fees. Denver on Monday passed, on first reading, an ordinance “to exempt from taxation certain fees.” If the measure passes a second reading Aug. 22, it will become law. Taxing a…
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Colorado’s economy continues to outshine nation’s — but worries persist
While Colorado’s economy continues to outshine many other states, and the national economy itself, business leaders’ confidence continues its decline “sharply into bear territory,” according to the Quarterly Business and Economic Indicators report for the second quarter. The report is prepared by the University of Colorado Boulder’s Leeds Business Research Division with the Colorado Secretary…
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Denver Metro Chamber leaders blast possible EPA rules that would hike gas prices
Denver Metro Chamber of Commerce officials and business leaders on Thursday singled out the biggest issues impacting businesses in 2022, including “economically damaging” Environmental Protection Agency rules that will come down on Colorado soon over air quality standards, construction defect laws that business leaders say are ineffective and don’t prevent lawsuits in condominium developments and…
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Denver Chamber floats proposal for Space Command amendment in Biden bill
DENVER • Metro Chamber of Commerce officials and business leaders on Thursday singled out the biggest issues impacting businesses in 2022, including the potential move of U.S. Space Command headquarters. The comments came during a panel discussion during the chamber’s State of the City event in front of more than 700 businesses leaders. President and…
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Colorado’s unemployment drops again, recovers all pandemic job losses
Colorado’s unemployment rate continues its slow but steady decline. June’s household survey found that the state’s unemployment level edged down a tenth of a percentage point to 3.4%, the Colorado Department of Labor and Employment reported Friday. It has been 12 consecutive months of flat or dropping unemployment levels, according to the department. Colorado’s unemployment…
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Head of new Office of New Americans named
The Colorado Department of Labor and Employment hired Dee Daniels Scriven as director of its new Office of New Americans, according to a news release. Scriven previously worked for more than 12 years at the Office of Refugee Resettlement at the U.S. Department of Health and Human Services. The new office, created by House Bill…
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Colorado tourism industry rebounded in 2021, despite lack of international travel
Colorado’s tourism industry bounced back in a big way in 2021, but it is at least another year away from a full recovery, according to the Colorado Tourism Office. The state recorded 84.2 million tourism trips last year, generating $21.9 billion in spending from visitors, according to figures released Thursday by the Tourism Office, part…
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Survey: More than half of Americans cutting expenses
More than half of Americans, 52%, have cut back on daily expenses and 44% are delaying large purchases because of inflation, according to a survey released by Greenwood Village-based Empower, formerly Empower Retirement. With inflation hitting a new high Wednesday, 9.1%, the July Empower survey shows how spending and savings habits have changed — sometimes…
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Non-citizens now eligible to apply for Denver business license
Applicants wanting a business or occupational license from Denver no longer need to provide proof of legal U.S. residency, according to the Denver Department of Excise and Licenses. The change comes after Senate Bill 21-199 became law on Friday. The new law, called “Remove Barriers To Certain Public Opportunities,” states “verification of lawful presence in…