April 25, 2024 7:57 am
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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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