Tag: Colorado Economy
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Colorado’s quantum tech hub beats Illinois for coveted federal award
After President Joe Biden’s administration designated the Mountain West’s quantum industry as one of 31 tech hubs in October, Colorado state leaders hoped the region would get on the program’s shortlist for more funding — and more recognition. The second phase of the new federal tech hub program was a key part in cementing Colorado…
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Report: Colorado business leaders remain pessimistic
Facebook Twitter WhatsApp SMS Email Print Copy article link Save Despite an economy exceeding expectations, Colorado business leaders remain glum, new data shows. The Leeds Business Confidence Index, released Thursday, dipped slightly ahead of the final quarter of the year, with interest rates, inflation and politics cited as top concerns. The index is produced on…
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Colorado economy will continue slow growth through 2023, report shows
Colorado’s economy continues to grow, albeit slowly, and continues to “avert recession.” That’s according to the latest ColoradoCast Q2 economic forecast report from the Colorado Futures Center at Colorado State University. “In the months of March and April, the actual economic growth exceeded the ColoradoCast and the forecast for the subsequent months is for largely…
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Colorado is ‘well positioned’ for a US debt default, says state Treasurer Dave Young
With eight days to go until the United States is unable to pay its bills, the White House and Congress are still nowhere near an agreement on raising the national debt ceiling. The U.S. reached its $31.4 trillion debt ceiling — the limit on how much the government can borrow — in January. Treasury Secretary…
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South Metro Denver Chamber economic forecast event speakers predict positive 2023
Facebook Twitter WhatsApp SMS Email Print Copy article link Save Business leaders and economic experts believe Colorado’s economy is on the right track heading into 2023. The South Metro Denver Chamber of Commerce held its annual Economic Forecast breakfast Friday at Marriott South at Park Meadows. Panelists Henry Sobanet, the chief financial officer for Colorado…
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Northwest Colorado awarded $8.5M to economically diversify coal communities
The U.S. Department of Commerce on Tuesday awarded $8.5 million to northwest Colorado to support the region’s efforts to diversify local coal-dependent economies. The grants are part of the federal Coal Communities Commitment from the Economic Development Administration — allocating $300 million from the COVID-19 American Rescue Plan Act to support coal communities as they…
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Colorado business leaders believe recession is here, or looming: Survey says
About 80% of Colorado business leaders believe the U.S. economy has either already entered a recession or will do so by 2023, according to the Leeds Business Confidence Index survey released Wednesday by the University of Colorado Boulder’s Leeds School of Business. Pessimism oozed out of the report, which covers most of the second quarter…
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RTD offering $4,000 hiring bonus for front-line positions
Facebook Twitter WhatsApp SMS Email Print Copy article link Save The Regional Transportation District is attempting to incentivize new workers by offering a $4,000 hiring bonus for front-line positions. The agency announced the bonus Thursday, saying it was impacted by the “Great Resignation” during the COVID-19 pandemic. RTD laid off around 400 employees in January…
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Report: Colorado’s new business filings up nearly 26% from 2020
Colorado’s new business filings experienced record gains in quarter two of 2021, increasing by 25.7% compared to the same quarter in 2020, according to a report released Wednesday. The Quarterly Business and Economic Indicators report from the University of Colorado Boulder and Secretary of State’s Office concluded that this puts Colorado “firmly in recovery mode”…
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Report: CSU graduates make up 1 in 25 Colorado workers, over $200 million in income tax
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