business
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Colorado lawmakers kill both major data center bills
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Colorado lawmakers killed competing bills aimed at regulating large data centers, meaning regulation of the facilities is left in the hands of the Colorado Public Utilities Commission for now. The action leaves the state without new statewide rules even as those opposed to data centers warn the facilities could drive soaring electricity demand, higher utility…
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Road-funding amendment divides Colorado over $539M general fund shift
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A battle is brewing over funding for Colorado’s roads after a citizen initiative has been cleared to gather signatures to put it on the ballot for voters to decide. Supporters of the proposed constitutional amendment that would change existing law on transportation funding and increase state revenue allotted for road transportation said it would end…
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Colorado Springs area retail market remains strong though challenged amid inflation, global conflict
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The retail market in the greater Colorado Springs area remains strong though challenged, with residents being choosier about where and how they spend amid rising retail costs driven by inflation, tariffs and global conflict, local industry experts said. Even as the cost of doing business has increased, retail vacancies have fallen across Colorado Springs, new…
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Colorado to get $75 million from opioid settlement with Purdue Pharma
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A $7.4 billion settlement reached with the pharmaceutical company Purdue Pharma and the Sackler family — its owners — is now legally effective a decade after attorneys general from multiple states launched an investigation and seven years after Colorado filed a lawsuit against them. The company produced OxyContin. “This settlement ends their involvement with Purdue…
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Committee approves reworked version of previously vetoed rideshare bill
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Members of the Colorado House Business Affairs and Labor Committee voted across party lines to pass a modified version of a bill establishing regulations on rideshare companies. Last year, Reps. Jenny Willford, D-Northglenn, and Meg Froelich, D-Englewood, introduced House Bill 1291, which proposed a number of new safety requirements for rideshare drivers and customers. The…
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Veto likely as union-backed bill heads to Colorado governor’s desk — again
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For the second year in a row, a bill that would make it easier for labor organizations to impose fees on all workers, regardless of union membership, is headed for Gov. Jared Polis’ desk. The governor, who vetoed the legislation last year, has indicated he would do so again — unless business representatives and labor…
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Colorado space startup secures $650 million for expansion
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The window to deliver space superiority for the U.S. is open but shrinking rapidly, according to defense startup True Anomaly. The Centennial-based company hit a milestone in its pursuit to help deliver that, announcing Tuesday that it raised $650 million in late-stage investment money, bringing its total valuation to $2.2 billion. Since its inception in…
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Colorado bill prohibits credit card companies from charging ‘swipe fees’ on sales taxes
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Colorado senators on Wednesday voted to advance a proposal to eliminate credit card “swipe fees” on sales taxes. Proponents say the move would save businesses tens of thousands of dollars annually, while critics have countered those fees are needed to ensure a stable and secure environment for financial transactions. Also known as interchange fees, swipe…
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Colorado bill allowing THC beverages to be sold at grocery stores, restaurants pulled by sponsor
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A Denver Democrat decided on Tuesday to pull a proposal that would have allowed beverages with tetrahydrocannabinol or THC to be sold at locations like grocery stores, restaurants, and entertainment venues. THC is the psychoactive substance in cannabis, the chemical that gives people a high. Senate Bill 164 would have established a regulatory framework for…
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Colorado regulators could force Xcel customers to pay for troubled plant for decades
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Colorado regulators would gain expanded power to order Xcel Energy to finance major costs for its chronically troubled Comanche 3 coal plant through bonds backed by a decades-long charge on every customer’s monthly electric bill. House Bill 26-1326, the Colorado Public Utilities Commission “sunset bill” that cleared its first committee on April 23, would let…