The Legislature killed a bill yesterday that would have created a navigator in each department to help businesses comply with regulations, reports the Denver Business Journal. Business owners have frequently complained that the state system is cumbersome and they have a hard time cutting through the red tape. But Republican lawmakers didn’t think the bill […]
At least two dozen Colorado school districts are seeking voter approval for a combined $1 billion in bond issues and property tax expenses, said the Denver Business Journal. Half that money is from the Denver Public School system, which wants about $466 million bond issue, plus its $49 million in property tax increases for operating […]
A bill to fund training programs for people collecting unemployment benefits has passed the House of Representatives, according to the Denver Business Journal. It now heads to the Senate. House Bill 1272 would extend a business-backed program that pays for the unemployed to get new job training to enter a new field. Read more at […]
Colorado’s regulators have closed Earth Medicine a medical marijuana company that is being investigated by the federal government for illegally operating a black-market marijuana growing facility. Earth Medicine had not applied for a state license, and the federal government raided it last month. The state says the dispensary was in “non-compliance,” according to the Denver […]
In Microsoft’s first foray into the netbook market, it unveiled the Surface tablet yesterday, says the Los Angeles Times. Touted as a cross between tablets and netbooks, the company showed models with 10.6-inch widescreen displays, built-in kickstands and keypads that attached magnetically. Read more at the Los Angeles Times.
The weak profits at Goldman Sachs and Morgan Stanley could mean the high-rolling days on Wall Street are over, reports the New York Times. Many on Wall Street believed 2011 was the year firms would return to strong profits in the more sober regulatory environment after the recession. But Goldman Sachs’ profits dropped 67 percent […]
The 131-year-old film pioneer – once employing thousands – has filed for bankruptcy, according to the New York Times. The company has struggled for years to find a place in the world of digital cameras. But the company has only posted a single year of profits since 2004. Read more at the New York Times.
State lawmakers passed a resolution recognizing the importance of wind energy after the U.s. Congress failed to renwe tax credits that the wind industry says are essential to widespread use of the alternative energy source, reports the Pueblo Chieftain. Ten state Republicans voted against the bill in order to show their support for traditional energy […]
The gap between bank deposits and loans is still growing, said Bloomberg, so banks are using the extra cash to buy U.S. Treasuries at the fastest pace since 2010. Deposits increased by 3.3 percent to $8.88 trillion, but lending only rose .7 percent to $7.11 trillion. Read more at Bloomberg.
More Coloradoans started their own businesses last year than entrepreneurs in all but one other state. Colorado ranked No. 2 in the nation for the rate of entrepreneurial activity in 2005, according to a study by the Ewing Marion Kauffman Foundation, a Kansas City-based proponent organization for entrepreneurialism.
Denver has been rated second in the West for its small business climate, only Salt Lake City scored higher, according to the Denver Business Journal. Denver was compared to 22 other metropolitan cities across the west by G. Scott Thomas. Read more about the analysis at the Denver Business Journal.