October 1, 2022

Rocky Daily News

Colorado Politics-Sports-Business-Weather

Colorado sees rise in business closures while new business creations go flat 

1 min read

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The lowest-paid workers in Denver are getting a 9% pay raise on Jan. 1. When it takes effect, the city’s minimum wage of $17.29 will be one of the highest in the nation — higher than Los Angeles, San Francisco, Washington, D.C., New York City and Chicago.

But more on the minimum in a bit. 

The Colorado Secretary of State’s office this week shared the latest quarterly update on how small businesses in the state are doing. It’s mixed, Secretary of State Jena Griswold said. Job growth remains strong, but the number of businesses that are delinquent in filing regular reports or repaying a debt rose.

“And while many new entities are filing with our office, the report also notes an uptick in delinquencies and dissolutions as well as signs of pessimism from the business community due…

Tamara Chuang

2022-08-13 04:06:00

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