Tag: Economy
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Northglenn businesses honored by economic development department
For 2nd Time Sports, it has not been an easy path to success as a mom-and-pop business. Husband-and-wife duo Anita and Chuck Adam manage their business together, which they started about 10 years ago in December 2012. It’s a sports store that sells lightly used and second-hand sports equipment, something they found a need for…
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U.S. Sen. Hickenlooper calls for Federal Reserve to pause rising interest rates
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U.S. Sen. John Hickenlooper called for the Federal Reserve to pause rising interest rates Thursday in a stern letter to Fed Chairman Jerome Powell. The central bank has increased interest rates five times this year in an effort to combat skyrocketing inflation by slowing the economy and easing pressures on prices, The Washington Post reported.…
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Denver e-bike rebate program pauses vouchers until 2023
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The City of Denver pumped the brakes on its popular e-bike rebate program for the rest of 2022, according to a news release. The city’s Office of Climate Action, Sustainability and Resiliency launched the e-bike rebate program earlier this year to assist with climate and sustainability initiatives. The program offered applicants $400 for an e-bike,…
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Gusto sent false tax filing information to Colorado businesses
Gusto, a payroll firm, sent Colorado businesses incorrect information regarding tax filings on Oct. 18, according to the Colorado Department of the Treasury, The email to Gusto’s Colorado clients was regarding the filing of the Q3 unemployment premiums and it instructed the businesses to contact the Colorado Department of the Treasury, state officials said. However, unemployment insurance…
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Colorado accepts cryptocurrency for tax payments, Polis announces at Startup Week kickoff
The state of Colorado is accepting cryptocurrency for all state tax payments, Gov. Jared Polis announced at a kickoff event for Denver Startup Week, which began Monday. The cryptocurrency payment option will be offered on all state tax bills, including individual and business incomes. “We’re just showing again, from a customer service perspective, how Colorado…
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Colorado minimum wage to increase by $1.09 in 2023
The Colorado Department of Labor and Employment hiked the state’s hourly minimum wage rate $1.09 to $13.65 starting Jan. 1, according to a news release. The department, with the state’s Division of Labor Standards and Statistics, raised the existing $12.56 minimum wage 8.68% according to a formula laid out by the state’s Constitution. The minimum…
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Skills gap, worker shortage, TABOR – takeaways from economic forum
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Business and community leaders gathered Thursday for the 26th annual University of Colorado — Colorado Springs Economic Forum. It was the first in-person forum since the COVID-19 pandemic took hold in early 2019. In her main address, Tatiana Bailey, director of the UCCS Economic Forum, discussed the headwinds that could be forcing the economy into…
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Colorado economist: Nation headed for recession — or already in one
Strong economic headwinds are creating enough volatility that the country is headed toward a recession in 2023, if it is not already in one, a top local economist said. Tatiana Bailey, director of the University of Colorado at Colorado Springs Economic Forum, will discuss that outlook and the current conditions facing the nation, state and…
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Colorado unemployment continues downward slide
Colorado’s unemployment rate continued the downward trend it has been on for all of 2022, sliding a tenth of a percentage point to 3.3% in July, the Colorado Department of Labor and Employment reported Friday. That’s the 13th consecutive month of flat or dropping unemployment levels in Colorado. The U.S. unemployment rate dropped to 3.5%…