Economy & Economic Development  October 24, 2023

Secretary of State report: Biz indicators mostly healthy despite slowing job growth

BOULDER — Despite naggingly slow employment growth, Colorado’s economy continues to chug along on solid ground, data from the Colorado Secretary of State’s office and University of Colorado economists shows.

New business entity filings were up 0.6% year-over-year in the third quarter of 2023, while the number of business entity renewals rose 7.3% compared with the same period last year, according to Colorado’s Quarterly Business and Economic Indicators report, released Tuesday by Secretary of State Jena Griswold and CU’s Leeds Business Research Division.

“New business filings are linked to employment growth over the long haul,” said Rich Wobbekind, associate dean for business…

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A Maryland native, Lucas has worked at news agencies from Wyoming to South Carolina before putting roots down in Colorado.
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