Posts
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Colorado’s unemployment rate ticks up to 4.1%
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Unemployment in Colorado is growing. The state reported its unemployment rate hit 4.1% in October, up from 4% the month before — matching the national average after being below the U.S. rate all year, according to data from the Colorado Department of Labor and Employment’s report released Monday. The number of unemployed grew by nearly…
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UPS to close Denver area facility in one of Colorado’s largest layoffs announced this year
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United Parcel Service is temporarily closing one of its Denver region facilities and letting go of more than 400 workers – marking one of the largest layoffs announced this year in Colorado. The shipping company, headquartered in Atlanta, alerted state authorities about the site closure in Commerce City in a letter last week as required…
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Denver’s zoning adjustments sparks discussion over developing ‘carriage’ lots
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About every three years, Denver tweaks its zoning code to adapt to changing state laws, rising urban development trends or new city initiatives. This year, city planners are working to pass a bundle of more than 130 adjustments to Denver’s zoning code, with the intention to simplify it to reduce plan review time and make…
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Colorado trial over Kroger-Albertsons merger wraps up; decision still few weeks away
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After nearly four weeks, the trial between Colorado and the main players of a $24.6 billion grocery merger deal is over. Next, it’ll be in the hands of a Denver District Court judge to decide on the fate of the merger — that’s if another court doesn’t settle the issue first. On Thursday, attorneys for the…
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Demand is matching Denver metro’s ‘avalanche’ of new apartments
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With the flood of apartments being built across the metro Denver region, Apartment Insights researcher Cary Bruteig said he was initially concerned there wouldn’t be enough residents to move into them. But that hasn’t been the case. Renters are keeping pace. “We opened almost a record 21,000 units,” Bruteig said. “But we filled almost all…
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TABOR refunds: How much will you get this year and in the future?
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The news on Monday that the state owes taxpayers $1.66 billion in the 2023-24 fiscal year as part of the Taxpayer’s Bill of Rights (TABOR) created one major question: How much will taxpayers get next spring after the state legislature uses the surplus funds for other designated tax credits? Refunds are paid from general fund dollars,…
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Denver inflation continues to cool
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The Denver region’s inflation is continuing to stay below 2%, the Federal Reserve’s ideal annual rate for a healthy economy. The Denver-Aurora-Lakewood metropolitan area recorded 1.4% inflation year-over-year in September, below the national average of 2.4%, according to the latest report from the Bureau of Labor Statistics. It was tied for the second-lowest inflation rate…
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Exec emails amidst 2022 Denver King Soopers strike at center of merger trial
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Of the three trials attempting to halt the nearly $25 billion merger between the parent companies of King Soopers and Safeway, Colorado’s case is unique as it also aims to penalize the grocers for allegedly engaging in non-competitive practices. Colorado Attorney General Phil Weiser’s lawsuit is seeking $1 million in civil penalties over illegal “non-poach”…
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What happens to Colorado’s Kroger-Albertsons merger trial if other cases finish first
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The proposed $25 billion merger deal between the parent companies of King Soopers and Safeway is facing three lawsuits across the country at once – including in Colorado. And a decision may come from a judge in the case brought forth by federal regulators in Oregon soon. The case brought by Colorado’s Attorney General Phil…
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Kroger’s mountain town pricing strategy under scrutiny in Colorado merger trial
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On the second day of the trial over Colorado’s attempts to block the Kroger-Albertsons merger, the state’s legal team questioned Kroger’s executives on a pricing strategy implemented in several mountain towns across Colorado. Kroger Senior Director of Pricing Andy Groff testified on Tuesday morning about a program called the “mountain no-comp zone” established in 2022 when…