November 5, 2024 2:08 pm
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[REGIONAL NEWS] Colorado economy adding new businesses more slowly, new report shows

 
Flags at Colorado state capitol/Credit: Casey A. Cass/CU Boulder

By Andrew Sorensen | CU Boulder Today

Colorado is continuing a years-long trend of adding new businesses, but at a slower rate, according to a CU Boulder report Secretary of State Jena Griswold released.

The quarterly report, prepared by the Ldeeds Business Research Division at CU Boulder, marked nearly 32,000 new corporations, nonprofits and other entities filing initial documents with the secretary of state’s office in the second quarter of 2019. The 0.6% increase over the second quarter of last year reflects a slowing pace of initial filings.

Existing entity renewals showed a moderate increase year-over-year, with 135,848 filings.

Overall, the report indicates employment growth will continue in the third and fourth quarters of the year.

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Rose Law Group Reporter, which provides Dealmaker’s content and service, is contracted by Rose Law Group. Rose Law Group is a full service real estate and business Law Firm practicing in the areas of land use/entitlements, real estate transactions, real estate due diligence/project management, special districts, tax law, water law, business litigation, corporate formation, intellectual property, asset protection, data breach/privacy law, ADA compliance, estate planning, family law, cyber-law, online reputation and defamation, lobbying, energy and renewable energy, tax credits/financing, employment law, Native American law, equine law, DUIs, and medical marijuana, among others. The views expressed above are not necessarily those of Rose Law Group pc or its associates and are in no way legal advice. This blog should be used for informational purposes only. It does not create an attorney-client relationship with any reader and should not be construed as legal advice. If you need legal advice, please contact an attorney in your community who can assess the specifics of your situation.