Author: Dennis Huspeni
-
Colorado sports betting drops in April but up from a year ago
Coloradans ponied up $392.3 million for sports betting in April, the state Division of Gaming said Friday. While that’s down month over month, it’s 60% more than residents bet in April 2021, according to a news release. Colorado residents have gambled almost $7 billion since sports betting was legalized in May 2020. The April total was…
-
Colorado’s economic development chief: The pandemic has changed how the state does business
Pat Meyers just finished his first year as the head of Colorado’s Office of Economic Development and International Trade. He’s also the state’s chief economic recovery officer – a new position created by Gov. Jared Polis, who appointed Meyers to lead the state’s COVID Innovation Response Team in March 2020. Meyers served as John Hickenlooper’s chief…
-
Denver business leaders applaud unemployment insurance relief
More than 900 business leaders and government officials applauded loudly Thursday when Gov. Jared Polis said the legislature had provided $600 million to offset unemployment insurance loans the state had to take to cover the massive spike in jobless numbers during the pandemic. It was likely a grateful acknowledgement the money wouldn’t have to come…
-
Vail moves to condemn affordable housing development land
In what seems to be an effort to force Vail Resorts Inc. to the bargaining table, the Vail Town Council late Tuesday approved a resolution to move forward with condemning a 5-acre parcel in east Vail that was previously approved for an affordable housing development. A video of the meeting shows a packed council chamber,…
-
SBA Administrator Guzman touts disaster relief in Denver visit
U.S. Small Business Administration Administrator Isabella Guzman verified Tuesday the agency recently updated its method of calculating costs when helping homeowners or businesses owners who lost everything in the Marshall Fire, meaning many get more financial relief. In an interview with the Denver Gazette while Guzman was on a tour of small businesses, and participated…
-
Colorado economy in recovery mode, but mixed signals persist, report says
Despite a series of mixed or muddled messages, Colorado’s economy remains in strong recovery mode with the number of jobs here exceeding pre-pandemic levels, unemployment continuing to decline and strong gross domestic product growth, according to a report released Tuesday. The Quarterly Business and Economic Indicators report covers the first quarter of 2022 and is…
-
Q&A: Colorado Division of Insurance Commissioner Michael Conway
Just days after the most destructive wildfire in Colorado’s history, Colorado Division of Insurance Commissioner Michael Conway called a virtual town hall for the hundreds of victims who lost their homes in Boulder County. The Marshall fire burned more than 6,000 acres between Louisville and Superior on Dec. 30, destroying almost 1,100 homes and businesses…
-
Colorado offers $12M in incentives to Colorado Springs chip manufacturer
Colorado’s Economic Development Commission on Thursday approved more than $12 million in economic development incentives to a “prime semiconductor manufacturing company” in Colorado Springs. The commission, under the Office of Economic Development and International Trade, decided the company’s proposed expansion – which would add more than 640 jobs with an average salary of $88,024 –…
-
Denver’s 16th Street Mall overhaul begins
Denver Mayor Michael B. Hancock officially kicked off the $149 million renovation of the 16th Street Mall on Thursday, calling it “a key part of downtown’s comeback.” Hancock and officials from the Regional Transportation District, Downtown Denver Partnership and the Denver Urban Renewal Authority spoke to a crowd of about 50 gathered at 16th and…
-
Experts eye the future of financing space development
Once the Internal Revenue Service starts recognizing things like spaceports the way it does airports, docks and train stations, investment in the aerospace industry will really take off, according to two financing experts who spoke last week at the 37th Space Symposium in Colorado Springs. Jon MoellenbergCourtesy of RBC Capital Markets Jon Moellenberg, Colorado-based managing…