Colorado business has seen record growth in some areas but is lagging in others, according to a report released May 5 by the University of Colorado Boulder and Colorado Secretary of State Jena Griswold.
The Quarterly Business and Economic Indicators report shows a record 44,740 new corporations, nonprofits and other entities filed initial documents with the Colorado Secretary of Stateâs Office in the first quarter of 2021.
The Quarterly Business and Economic Indicators report is prepared by the Leeds Business Research Division at CU Boulder in conjunction with the Colorado Secretary of Stateâs office.
First quarter filings tend to record the highest numbers, but the 29.2 percent increase from the previous quarter demonstrates a spike beyond trend growth. Year over year, new entity filings increase 32.2 percent in Q1.
BOULDER
The University of Colorado Boulder Leeds Business Research division’s quarterly Business Confidence Index, released Thursday, hit its highest level ever for optimism heading into the second half of 2021 as business leaders have high hopes for the COVID-19 vaccines.
The index stood at 64.4 for Q2 2021, up from 47.9 the quarter before; 50 is considered neutral and the index stood at a record low 29.7 in the first quarter of 2020. Looking ahead to Q3, the LBCI jumps to 68.8 the highest overall score in the 19-year history of the index.
The quarterly report marks Colorado business leaders’ expectations for the state and national economies, industry sales, industry profits, hiring and business spending. Nearly 300 business leaders responded to the latest survey, run between March 1 and March 22, 2021.
Report: State economy comeback not strong enough to restore jobs lost in Spring gazette.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from gazette.com Daily Mail and Mail on Sunday newspapers.
DENVER After a modest rebound following the onset of the COVID-19 pandemic last spring, employment gains stalled in November and December, according to a new report from Colorado Secretary of State Jena Griswold and University of Colorado Leeds Business Research Division economists.
“The level of unemployment in our state remains a concern,” Griswold said Friday during a media event following the release of Colorado’s Quarterly Business and Economic Indicators report.
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