Tag: Business
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A graduated tax plan could undercut Colorado’s business competitiveness, analysis warns
A proposal to move Colorado to a graduated income tax — taxing individuals and businesses at different rates based on their earnings — could generate more than $2 billion in its first year, but it could also weaken the state’s business climate and cause corporations to flee, according to a new analysis from the Common…
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Lockheed to build 2 more GPS IIIF satellites as Space Force modernizes constellation
The Space Force has picked Lockheed Martin for a $514 million contract to build two more GPS III Follow-on satellites. With the new contract, Lockheed Martin will build a total of 14 GPS IIIF satellites at its space division headquarters and manufacturing facility in Littleton, the company announced Monday. In 2018, the Air Force selected…
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Metro Moves: Vegan restaurant Mother Other sets opening date
Vegan restaurant opening in Denver’s Baker neighborhood this month A local farmers market favorite is officially joining the restaurant scene with its own space. The team that runs The Easy Vegan is opening their first restaurant, Mother Other, in the Denver Design District on June 27, the owners announced. The Easy Vegan from Chef Alexi…
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Denver’s Yuan Wonton wins prestigious James Beard award
The James Beard Foundation awarded Denver’s Penelope Wong as the Best Chef in the Mountain region on Monday night. After being in the running for four years, Wong of Yuan Wonton finally earned one of the most prestigious awards in the culinary industry. Getting a James Beard award is often compared to winning an Oscar…
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Grand Junction roundtable spotlights public access while Interior faces scrutiny over targeted land sales
U.S. Health and Human Services Secretary Robert F. Kennedy Jr. and Interior Secretary Doug Burgum joined Bureau of Land Management Director Steve Pearce in Grand Junction Wednesday for a roundtable focused on linking public land access to improved physical activity and public health outcomes. The officials promoted new initiatives including GetActive.gov, a website aimed at…
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Colorado’s only 2-star Michelin restaurant will bring a summer pop-up to Cherry Creek
Colorado’s first and only two-star Michelin restaurant is launching a summer pop-up. Id Est, the owners behind The Wolf’s Tailor, announced this week that it will run a three-month residency program at the Clayton Hotel and Members Club in the Cherry Creek neighborhood. The limited residency is called Sheep and will be located on the…
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Denver sees 5% inflation after surge in fuel prices
The Denver-Aurora-Lakewood metro area recorded a 5% rise in prices in the last year, according to federal data released Wednesday for the month of May from the Bureau of Labor Statistics, the highest level seen since 2023. Denver is trending higher than the national annual average of 4.2%. Denver’s inflation was the second-highest among 12…
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Colorado new car sales drop nearly 20% in first quarter
Car sales in Colorado slumped in the first quarter this year as consumers responded to reduced EV incentives and manufacturers began to pass on the cost of tariffs to buyers. The Colorado Auto Dealers Association (CADA) reported 43,514 new vehicles were registered in the first quarter. That included 6,152 new vehicle registrations in southern Colorado.…
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One of Cherry Creek’s newest office towers sells for $92.5M
Now this is a deal that isn’t seen often in downtown Denver these days. One of Cherry Creek’s swanky and newly-constructed office towers sold for $92.5 million on Tuesday, according to property records. The building 255 Fillmore was sold by its developer, BMC Investments, to a “high-net-worth family office,” Newmark, the real estate brokerage company…
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Flat or graduated income tax? Colorado groups push dueling measures for November election
Colorado voters could face two opposing income-tax measures on the November ballot, with the dueling campaigns seeking to advance proposals that would take the state in sharply different fiscal directions. One initiative seeks to replace Colorado’s flat income tax with a graduated system, while the other aims to lock in the current rate. Both measures…