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Colorado business metrics improve as economy recovers

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Colorado business metrics improve as economy recovers


Whereas Colorado’s financial system has principally recovered from the pandemic, combined metrics from the Colorado Secretary of State Quarterly Enterprise & Financial Indicators report launched Tuesday present development and shrinkage in vital areas.

New enterprise filings with the Secretary of State within the first quarter of 2022 rose from the fourth quarter of 2021, however totals are down year-over-year from the report set throughout the first quarter of 2021. General, greater than 43,000 new companies filed with the secretary of state over the primary quarter of 2022. Charges of renewals elevated 10.3% over the primary quarter of 2021, however charges of dissolution elevated 20.4% over that very same interval.

Brian Lewandowski, govt director of the Enterprise Analysis Division of the College of Colorado Boulder Leeds Faculty of Enterprise, identified that totally different metrics can inform totally different tales concerning the financial system’s general efficiency.

“Once we take a look at the info, there’s type of a combined story,” Lewandowski mentioned.

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Whereas not each measurement of the financial system reveals excellent development, the general outlook is way brighter than in April 2021 or 2020.

“Nearly any method you narrow it, we’re in a significantly better place than we had been a 12 months in the past or a 12 months and a half in the past,” Lewandowski mentioned.

Colorado secretary of state Jena Griswold shares optimism concerning the financial system because the state recovers from the pandemic.

“The excellent news is that Colorado’s financial system is in restoration mode,” Griswold mentioned.

Colorado’s unemployment price continues to fall, sitting at 3.7% for the primary quarter of 2022, down 0.5 proportion factors from the fourth quarter of 2021. The labor-force participation price sits at 69%.

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Whereas employment charges are up, many Coloradans are feeling the pinch of inflation. The report discovered that residents within the Denver-Aurora-Lakewood space skilled inflation charges of seven.9%, larger than the nationwide common of 6.9%. Lewandowski identified that anticipation of continued excessive inflation may result in customers unintentionally exacerbating supply-chain points.

“As costs stay excessive, and as customers count on costs to stay excessive, they modify their consumption habits,” Lewandowski mentioned.

As customers grapple with inflation and excessive prices of residing, they could flip to entrepreneurship to complement their revenue. Griswold promoted two items of laws that would make that course of simpler.

One is the not too long ago handed Enterprise Submitting Deal with and Identify Fraud Act, which might make it simpler for small-business house owners to hunt recourse if a nasty actor fraudulently information below their identify.

“A small enterprise might need to pay lots of of hundreds of {dollars} in litigation to be able to recoup their id,” Griswold mentioned.

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The invoice is on its solution to the governor’s desk and if signed would grant the Secretary of State’s workplace the flexibility to hunt civil motion towards fraudsters.

One other invoice, the Scale back Charges for Enterprise Filings Act, may decrease charges to include companies to as little as $1. That invoice continues to be into consideration within the Colorado state home.

This text was first revealed by BizWest, an impartial information group, and is revealed below a license settlement. © 2022 BizWest Media LLC.



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Colorado

'Thanksfest' giving back more than a meal to Colorado Springs families in need

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'Thanksfest' giving back more than a meal to Colorado Springs families in need


COLORADO SPRINGS, Colo. (KRDO) – This weekend was Thankfest, an event started by Vaughn Littrell, to give back to families in need. This year 250 families got all the ingredients they needed for Thanksgiving and more.

The families were chosen ahead of time through the CPCD Head Start Program. They help serve our community’s most vulnerable children and families.

The giveaway was a chance for families to come down and do some shopping for free. It was more than just getting food, families also received all the kitchen tools they would need to cook too.

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It wasn’t just food either. Clothes and shoes were also available for those who needed them.

“Some of our families are in really, really bad situations. They need they need help. You know, and it’s this is a this is a tangible way that we can do something. We can’t do everything, but you can do something. We’re excited to be able to bless these families,” Vaughn Littrell told KRDO13.

Vaughn says he started the giveaway with just a few families. He says he knows what it is like to struggle, and wants the giveaway to keep growing so he can help more people.

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I-70 closed near Vail, Silverthorne for safety concerns, weather hazards

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I-70 closed near Vail, Silverthorne for safety concerns, weather hazards


Interstate 70 closed near Vail and Silverthorne on Sunday for “safety concerns” as snow battered the Colorado mountains, according to the Colorado Department of Transportation.

The eastbound interstate was closed between Exit 180 for East Vail and Exit 190 for Vail Pass Summit, about 1 mile west of Copper Mountain, as of 6 p.m. Sunday, CDOT officials said.

CDOT cameras in the area of the closure showed snow-covered roads and white-out conditions.

Westbound I-70 was also closed at 6 p.m. Sunday between Exit 216 for U.S. 6 near Loveland Pass and Exit 205 for Colorado 9 near Silverthorne, according to CDOT.

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Multiple Waze users reported “weather hazards” in both closed sections of I-70.

This is a developing story and will be updated.

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Shedeur Sanders shoves referee, ‘lucky’ to avoid ejection as frustrations boil over in Colorado loss

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Shedeur Sanders shoves referee, ‘lucky’ to avoid ejection as frustrations boil over in Colorado loss


There was certainly a scenario Saturday night where Colorado would’ve needed to navigate the final 20 minutes of its upset loss to Kansas without star quarterback Shedeur Sanders.

Sanders, the son of Buffaloes coach Deion Sanders and a projected top pick in the 2025 NFL Draft, shoved referee Kevin Mar after taking a sack on third down with Colorado trailing by nine in the third quarter, and he was “lucky” that didn’t result in an ejection, Fox rules analyst Mike Pereira said on the broadcast.

Shedeur Sanders shoved a referee during Colorado’s loss to Kansas on Nov. 23. Screengrab via X/@CFBONFOX

“There’s no question that he does,” Pereira said when asked about Sanders shoving Mar. “Look, I get why he’s upset because people are almost climbing over him after he was down, but, you know, the officials can use their hands all they want to try to keep order. But you cannot come back as a player and push an official. 

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“In the chaos, the officials don’t see it, but he’s lucky that he wasn’t ejected from the game.”

After the sack, Sanders approached Mar from behind — who was surrounded by a cluster of players — and shoved the longtime official with his right arm.

Shedeur Sanders reacts during Colorado’s loss to Kansas on Nov. 23. Screengrab via X/@CFBONFOX

By that point, three other referees had moved closer to the scuffle and attempted to separate the players and Sanders while protecting Mar.

Sanders, who finished 23 of 29 for 266 yards and three touchdowns during No. 16 Colorado’s 37-21 loss, wasn’t penalized on the play, but his frustrations had started to boil over.

The game featured plenty of physical hits, with Colorado’s College Football Playoff hopes at stake and Kansas attempting to claw its way toward becoming bowl eligible.

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At one point in the first half, defensive end Dean Miller lowered his head and flung himself toward Sanders’ knees while he attempted a pass.

“I mean, I just don’t know how that’s legal overall,” Sanders told reporters after the game when asked about Miller’s hit. “I ain’t understand that, but, you know, it is what it is. There was a couple plays like that.”

Colorado quarterback Shedeur Sanders looks to pass against Kansas on Nov. 23, 2024. USA TODAY Sports via Reuters Con

The Buffaloes trailed 17-0 at one point but managed to trim its deficit to two points early in the third quarter, when Travis Hunter — also projected as a top pick in the upcoming NFL draft — and Sanders connected on a touchdown pass.

But Devin Neal accounted for the final two touchdowns, providing the Jayhawks with some cushion and ensuring Colorado was on its way to ending the night in a four-way tie atop the Big 12 standings.

Deion said after the game that Colorado had become “intoxicated with the success.”

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“We started smelling ourselves a little bit,” Deion said, according to ESPN. “… We got intoxicated with the multitude of articles and the assumption that we’re this and the assumption that we’re that. And we did not play CU football. Therefore, we got our butts kicked. It is what it is.”



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