Colorado added new business slower in Q4

By Lucas High

BOULDER — In the fourth quarter of 2018, about 27,000 corporations, nonprofits and other entities submitted new business paperwork to the Colorado Secretary of State’s office, according to a new report from University of Colorado’s Leeds Business Research Division. While the state is adding new business, the fourth quarter filings “mark an 8.2 percent dip from the previous quarter, a sharper drop than usual for the season,” the report notes. Still, the roughly 27,000 new business filings is 5.1 percent higher than the final quarter of 2017. The number of filings for business renewal was up 7 percent from the same period in the previous year. Dissolutions were also up by about 1 percent. “Despite some uncertainty at the national level, the data shows Coloradans continue to open new businesses,” said Colorado Secretary of State Jena Griswold said in a prepared statement. “I am optimistic that this, along with the projected increase in employment, indicates that Colorado will have steady economic growth in 2019.”

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Source:: BizWest

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