Colorado’s unemployment rate fell for the sixth straight month to 3.3% in July, the lowest (again) since the pandemic began but not quite down to its pre-pandemic low of 2.8%. However, a state economist thinks we’ll get back to that low rate, despite talk of recession, by the end of the year.
But first, last year’s $1.9 trillion American Rescue Plan keeps on doling out dough to Colorado.
The latest was announced Friday as U.S. Department of Treasury officials awarded Colorado up to $104.7 million as part of a program that started 12 years ago. Some of the funding will serve as collateral for small businesses that don’t have enough but need a loan. Most will be invested in the state’s venture capital funds — which expect returns and don’t rely on taxpayers.
Called the State…
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