Tag: Economy
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Colorado Economic Development Commission approves $14 million in incentives
Five companies could potentially bring nearly 1,300 new jobs across Colorado with economic development incentives to entice them. The Colorado Office of Economic Development and International Trade’s Economic Development Commission Thursday approved just over $14 million in economic incentives for five companies identified only by project names to keep the company’s names secret during negotiations. …
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Colorado unemployment matches record-low, pre-pandemic level
Colorado’s unemployment rate matched the record-low rate of 2.8% in January, according to the Colorado Department of Labor and Employment. It’s the most recent information available, and was released Monday. That rate remained steady between December and January while the state added 800 new jobs in that time, according to the department, which also released…
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This Colorado city ranks in the top 10 places Black Americans fare best
Colorado Springs locals say there are caveats
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Two Denver area companies announce 100+ layoffs
A car-cover company and website design company with Denver area operations notified the Secretary of State this week more than 100 employees will be laid off. According to the WARN notices both companies filed, Wix.com Ltd. plans to sever 62 workers from its downtown Denver office. GT Covers, a division of Covercraft Industries LLC, will…
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Colorado Venture Capital Authority continues support of rural entrepreneurs, small businesses
Venture capital funding is headed to rural Colorado through the support of several investment groups. The Colorado Venture Capital Authority and the Colorado Office of Economic Development and International Trade announced Jan. 25 the Authority renewed its partnership with the Greater Colorado Venture Fund. This partnership will bolster access to venture capital for entrepreneurs and…
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South Metro Denver Chamber economic forecast event speakers predict positive 2023
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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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Colorado unemployment rate continues decline
Colorado’s unemployment rate continued to decline at the end of 2022, and remained below the national average, according to a Friday report from the Colorado Department of Labor and Employment. The state’s unemployment rate declined in December to 3.3%. This is a two-tenths percentage decrease since the previous month, equaling a drop of 6,700 people…
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Denver’s minimum wage increases Jan. 1, city auditor advises awareness
Denver’s minimum wage will increase from $15.87 per hour to $17.29 per hour starting Jan. 1. The city’s minimum wage is adjusted annually based on calculations made at the Department of Finance. The $1.42 increase translates to a raise of almost 9% according to City Auditor Timothy O’Brien, and is a response to rising prices…
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Governor’s office touts Colorado’s lower unemployment, higher job growth
Colorado has a strong economy that out performs other states’, according to the Governor’s Office of State Planning and Budgeting. The office released the quarterly economic forecast reoirt Tuesday. It revealed that the labor market in Colorado continues to lead across the U.S. with a lower unemployment rate and higher job growth rate than national…