Colorado added 11,600 jobs to its payrolls in April, the biggest one-month job gain of the year to date, and the state's unemployment rate fell two-tenths of a percentage point, to 6.9 percent, the Colorado Department of Labor and Employment reported Friday.
The gain of 11,600 payroll jobs last month, as estimated from results of an employer survey, topped increases of 500 jobs in March, 10,800 in February and 7,100 in January. The average monthly gain over the last 12 months is 5,267 jobs.
Gov. John Hickenlooper signed the only two bills extending state tax credits to come out of the 2013 General Assembly. In the afternoon, he signed the measure that expands eligibility for Medicaid — a change that one report said will create more than 22,000 new jobs in the state in the next 13 years.
The Democratic governor held a ceremony at Centennial Airport, in which he made law House Bills 1080 and 1287.
Join the Denver Coworks alliance as they bring together independent workers, startups and city organizations to help educate people on how coworking is benefitting the 21st century workplace.
- * Visit, work for free and attend workshops at six different coworking spaces
- * Learn about coworking and network with freelancers, entrepeneurs and small businesses
- * Cowork, drink, eat and play kickball
Mile High Young Professionals congratulate MHYP board member April Lambatos on winning the 2013 Small Business of the Year award through the South Metro Chamber of Commerce. Lambatos is co-owner and chief operating officer of Footer's Catering alongside husband and co-owner Anthony Lambatos.
Each year, the Chamber presents the Small Business Leadership Awards to honor companies that continue to excel and grow. The emphasis of the recognition is on leadership in keeping with the Chamber’s principle of Leadership in Motion.
The awards selebration, held at Comedy Works South in Greenwood Village on Wednesday May 1, announced the award winners in three categories: Small Business of the Year, Emerging Business of the Year and Community Leader of the Year.
Colorado added just 500 new payroll jobs in March, a much smaller gain than the previous month, while the state's unemployment rate eased to 7.1 percent, the lowest since January 2009, theColorado Department of Labor and Employment reported Friday.
Junior Achievement Rocky Mountain has announced an opening for a Company Advisor Volunteer for their Business Week event, which runs between June 9- 14, 2013.
JA Business Week is a one-of-a-kind summer program that lets high school students experience the business world, develop leadership skills and focus on their futures. Interactive presentations and small group discussions delivered by prominent Colorado business executives become the academic backbone for the highly educational and informative
MHYP Member Nathan Fielder is launching his new company, COcentric, with a red carpet launch party at Spill Lounge in downtown Denver.
Spill Lounge will be inveiling drink specials and COcentric will be giving away exlusive VIP passes over the next few days in preparation for the event. Visit COcentricmedia.com and COcentric's Facebook page for details.
Colorado community banks increased their small-business lending by more than $214 million over their baselines using capital from the federal Small Business Lending Fund (SBLF), according to a government report released Wednesday.
The U.S. Department of the Treasury report showed that SBLF participants nationwide have increased their small-business lending by about $8.9 billion since the depths of the recession in 2009.
Colorado added 10,800 payroll jobs in February, and the state's unemployment rate edged down to 7.2 percent, the lowest level in four years, the Colorado Department of Labor and Industry reported Friday.
It's the state's lowest unemployment rate since February 2009, and the eighth consecutive monthly decline in Colorado's unemployment rate. Unemployment stood at 7.3 percent in January.
Mile High Young Professionals congratulates The Denver Business Journal's Forty Under 40 Winners, announced today at the Hyatt Regency Convention Center.
Every accomplished entrepreneur and business person has faced a number of forks and potholes on their road to success. The 2013 winners of the Denver Business Journal’s Forty under 40 were asked about their journeys. At a photo shoot with DBJ photographer Kathleen Lavine at either the Forney Transportation Museum or at Highway Technologies, the winners shared their travel stories — which are included in the special section publishing online and in print March 22.
Denver is better than both Chicago and Seattle in at least one respect, according to a ranking of the best cities for young entrepreneurs.
The ranking, which put Denver at No. 8 on the list of cities with a population of more than 500,000 people, was done based on input from readers of Under30CEO.com. Readers voted on where they thought would be the best places for a new company to open, based on such factors as culture, local resources, atmosphere and overall appeal to someone in their 20s.
The Colorado Department of Labor and Employment has released state employment information for January 13.
According to the survey of households, the unemployment rate decreased two-tenths of a percentage point to 7.3 percent. The number of people actively participating in the labor force increased 6,000 to 2,753,500 and total employment increased 11,800 to 2,552,800 causing the number of unemployed to decline 5,800. The national unemployment rate increased one-tenth of one percentage point over the same period to 7.9 percent.
The fifth annual State of DIA event held Tuesday at the Denver Performing Arts Complex focused on two things: flights and finances.
Denver International Airport's manager of aviation Kim Day trumpeted new international routes as the greatest sign of growth in her State of the Airport address.
The three new international destinations in 2012 were Reykjavik, Iceland; Mexico City; and Punta Cana, Dominican Republic.
As the world's 11th busiest airport, however, Day and the event's sponsor, Metro Denver Economic Development Corp., said they aim to expand DIA's reach with more global route development in 2013.
In an interview with reporters today at the Venture Capital In The Rockies event in Beaver Creek, Colorado Governor John Hickenlooper revealed that the state will be partnering with a number of local CEOs and technology companies to create a $150 million VC fund.
Congratulations to April Lambatos for her recent coverage in the Denver Business Journal!
Many Mile High Young Professional members know April as our talented Membership Director, but she is also a well-respected leader in the culinary arts business. April has her B.S. in Finance from the University of Florida and is the Co-Owner and COO of Footers Catering.
The Denver Business Journal announces the honorees for the 2013 Forty under 40 awards.
Denver’s young, dynamic, up-and-coming leaders under age 40 are being recognized for their business success and community contributions. There were 435 nominations for this year's awards.
The group will be recognized during a luncheon on March 21 at the Hyatt Regency Convention Center.
A report to be released today by the Denver Office of Economic Development details 2012 as the most successful year for the city’s Business Incentive Fund, which helped attract or retain 8 companies in Denver, creating 1,638 future jobs, $6 million in direct fiscal benefit over a five-year period and are projected to provide $162.1 million in capital investment.
Congratulations to the following Mile High Young Professionals Members for being nominated for the Denver Business Journal's 40 Under 40!
From the Denver Business Journal:
More than 300 individuals vied for the Denver Business Journal’s 2012 Forty under 40 honors. That’s an increase of more than 100 over last year for this 16th annual event.
After being judged on their business leadership, recognition of accomplishments and community involvement, these are the 40 honorees selected this year.
These winners will be honored at an awards luncheon March 15 at the Hyatt Regency Convention Center Hotel. Those wishing to attend can register online here. The keynote speaker will be Robert A. Katz, the chairman of the board and CEO of Vail Resorts Inc.
These 40 rising stars — each under the age of 40 as of March 15 — will be profiled in a special section published in the DBJ’s March 16-22 edition. There were 471 nominations for 307 individuals for the 2012 awards. Take a look back at who took the honors in 2011 by clicking here.
Since their launch five months ago, Uber has made great strides in creating a convenient, efficient, and classy transportation alternative in Denver. Uber’s technology platform has improved transportation options for thousands of Denverites, and has helped grow the small businesses of hundreds of our driver partners.
The Colorado Public Utilities Commission proposed rule changes this month which, if enacted, would shut UberDenver down. DenverUber needs your help to prevent these regulations from taking effect!
About 2,400 nonfarm payroll jobs were lost in Colorado between November and December, but economists said Friday that the loss was just a blip in an ongoing job recovery.
The state's unemployment rate in December dipped to 7.6 percent from November's 7.7 percent. The unemployment figures have shown a steady decline since July, when unemployment hit 8.3 percent in Colorado.
Gov. John Hickenlooper gave a wide-ranging State of the State address Thursday, calling on lawmakers to implement background checks on all gun sales, pass legislation allowing civil unions for same-sex couples, and pass oil and gas regulations that are “fair, rational, and based on science,” among other topics.
The Denver Metro Chamber and Mile High Young Professionals will announce a new partnership and debut a combined young professionals group January 8, 2013 from 5:30-7:30 p.m. at Wynkoop Brewery. The announcement will be made as Mile High Professionals celebrates its second anniversary and will be commemorated with a special keg of Mile High YP Ale, brewed specially by Wynkoop Brewery.
“Denver was recently ranked number one in the country for attracting young professional talent,” said Ira Johnson, co-founder of Mile High Young Professionals. “The Denver Metro Chamber has always been a driving force in our community, and Mile High Young Professionals has quickly become a valuable resource for young professionals that are already here and for those looking to relocate to Denver. The collaboration power of our 48 events per year along with the credibility and influence of the Chamber will generate invaluable relationships for members.”
This unique partnership will pool together a full complement of programs to support the young professional demographic, ages 23-39, with a focus on three primary areas: social, access, and discounts and perks. Some of the membership highlights include:
- Networking (12 event series) – Monthly Socials are uniquely crafted to attract the most engaged and connected YP leaders in Denver.
- Sports (4 event series plus intramurals) – This series offers pro sport outings, intramural YP teams and intramural parties.
- Philanthropy (4 event series) – Several unique opportunities to get directly involved in the community and help create a better Denver.
- Education (10 event series) –This series will provide providing educational and professional development through programs and distinguished speakers
- Access (10 event series)- This series will get members into the room or a seat at a table with some of the top current and inspirational leaders in Denver.
- Discounts and Perks
- Free professional headshot session courtesy of Blue House Photography ($100 value)
- Free registration to the monthly “A Conversation With” Chamber program, an intimate dialogue with Denver’s seasoned entrepreneurs. ($1440 value)
- Opportunity for discounted tickets by local organizations (with a Chamber Young Professionals discount card)
“Denver’s young professionals can now have it all with this new partnership and really position themselves for their emerging careers,” said Rob Rose, engagement manager at the Denver Metro Chamber of Commerce. “The value for this combined program is unbeatable, and it provides many opportunities for young professionals to plug-in and connect in metro Denver.”
A full menu of member benefits can be found at: http://denverchamber.org/youngprofessionals
Media are welcome to attend.
About the Denver Metro Chamber
For nearly 150 years, the Denver Metro Chamber has been a leading voice for Colorado’s business community. With a membership that spans the state and includes 3,000 businesses and their 300,000 employees, the Chamber is an effective advocate for small and large businesses at the local, state and federal levels. Chamber affiliates, the Metro Denver Economic Development Corporation, the Denver Metro Chamber Leadership Foundation, the Denver Metro Small Business Development Center and the Colorado Competitive Council, play a vital role in defining the economic landscape of our state. For more information, go to www.denverchamber.org .
About Mile High Young Professionals
Mile High Young Professionals’ mission is to empower young professionals in Denver with all of the tools necessary to accomplish their professional and personal goals. This includes relationships developed through networking events, educational seminars, community awareness and volunteering, professional and intramural sporting events and good old fashioned business development. Mile High Young Professionals is a collaboration point for all young professional groups to gain exposure and get their message out, giving young professionals in Denver a progressive edge. Young Professionals in the Denver community tend to network with a different energy and expectation and we want them to be able to capitalize on that as much as possible through our programs and events. For more information go to http://milehighyp.com/.
From the Denver Business Journal:
Forbes magazine announced Wednesday that Colorado ranks as the fifth-best state for business.
The magazine’s annual ranking of the Best States For Business had Utah at the top for the third consecutive year. Virginia was second, followed by North Dakota and North Carolina.
The rankings are derived from a series of criteria: business costs, labor supply, regulatory environment, economic climate, growth prospects and quality of life.
Kaiser Permanente Inc. announced Thursday it will open an information technology campus in Greenwood Village that will employ about 500 people by 2015. The new IT office is due to open in January and some hiring has already started.
Denver area home prices in September reached their highest level in nearly five years, according to the latest S&P/Case-Shiller Home Prices Index, released Tuesday.
Metro Denver home resale prices have not been as high since October 2007, according to data from the closely followed real estate report series from Standard & Poor's.
Tuesday's news that the National Western Stock Show & Rodeo won't seek a move from Denver may have struck many as a foregone conclusion after the collapse of a deal to relocate the complex next to a proposed Aurora hotel.
City leaders and stock show officials nevertheless gathered the news media to quell the bothersome notion that the venerable Denver tradition would leave the city where it originated 106 years ago.
OtterBox, the Fort Collins-based company that is the nation’s leading cellphone casemaker, is bringing jobs back to the U.S. from China, moving 15% to 20% of its volume back to the U.S. over the past year. By 2020, there will be 2.5 million to 5 million direct and indirect manufacturing jobs returning to the U.S., according to an estimate by a global management consulting firm.
After a controversial four-month battle, Wal-Mart Stores Inc. announced Tuesday it will not be part of the redevelopment project at 9th and Colorado Boulevard in Denver, the site of the former University of Colorado Health Sciences campus.
Hitachi Data Systems will open a new office in the Meridian Corporate Center in Douglas County, creating hundreds of jobs over the next five years, Gov. John Hickenlooper and Hitachi officials officially announced Friday.
Hitachi's plans were first reported Thursday online by the Denver Business Journal.
Hitachi Data Systems Corp. (HDS) is a Santa Clara, Calif.-based maker of data storage technology. It's a subsidiary of Tokyo-based Hitachi Ltd. and employs about 5,800 people worldwide.
FOR IMMEDIATE RELEASE
Ira Johnson (303) 818-0926
Dan Kobler (303) 725-5141
October 4th, 2012, Denver. CO – Preparing for the future is one of the best investments a young professional can make in their self and career. During these times of a slow economy and many candidates battling for the same position, gaining an edge is key. This is why Mile High Young Professionals, a Denver-based Young Professionals education and networking organization, will host the Second Annual Rocky Mountain Young Professionals Summit (RMYPS) on October 19-20.
Thousands of young professionals enter the work force every year; as a young professional do your skills stand out from the crowd? Join the RMYP Summit and gain the tools for leadership, motivation for success, and build camaraderie with peers.
Young professionals from across the United States will gather to connect with like-minded individuals and learn from a powerful list of engaging speakers including two Keynotes: one by Richard Franklin, Father of Olympian Missy Franklin and Regional Director of the Clean Tech Open and another by Bill Vidal, Former Mayor of Denver, Hispanic Chamber of Commerce of Metro Denver President and CEO.
Additionally, the two-day summit will offer unique social events, engaging speakers, enlightening breakout sessions, a professional networking event, tradeshow, awards banquet and more. It is an event young professionals can’t afford to miss.
On the fence about taking time out of your busy schedule to attend RMYPS? Consider these eye-opening facts:
15 Most Frightening Facts for Young Professionals (Careerealism.com)
- College education has gone up 23% in the last 10 years.
- Starting salaries have dropped 11% in the last 10 years.
- Less than 50% of students ever see the financial return on their investment in an advanced degree.
- 70 million baby boomers who should be retiring are staying in the job market, thus preventing new grads from entry into the workplace.
- 90% of young people feel they have to go to college in order to get a job. Most don’t know why they should go or what they should study.
- $100,000 is a reasonable fee for a top state or private university education.
- Less than 30% of students gain experience in a professional setting while they are still in school.
- 25 is the average age of a college grad before moving out of a parent’s house.
- 80% of jobs are achieved through networking.
- Less than 20% of grads had jobs when they graduated last year.
- The job seeker to job ratio is 6:1. Yikes!
- A young person will only spend an average of 18 months in a job.
- Today’s college grad can expect 9 careers with an average of 3 jobs in each one.
- It’s estimated that it will take 5 years to recoup the jobs we’ve lost from the recession.
- It’s estimated that it will take 10 years to fully recover from this recession.
Want to get involved? Mile High Young Professionals is in search of businesses to sponsor this unique event. Benefits include recognition as an official sponsor, exposure throughout Denver and the Rocky Mountain Region, booth space at the tradeshow and access to the region’s most respected groups and top young professionals.
About Mile High Young Professionals
Mile High Young Professionals was created to fit the need for a universal Young Professionals resource in the Denver metro area. MHYP's mission is to empower Young Professionals in Denver with all of the tools necessary to accomplish their professional and personal goals. This includes relationships developed through networking events, educational seminars, community awareness and volunteering, professional and intramural sporting events and good old-fashioned business development.
Applications are now available for the Impact Denver Class of 2013! Impact Denver was developed seven years ago to provide emerging leaders in the metro area with the foundational tools they need to become more civically engaged. We hope that you will consider applying to participate in this unique educational experience in foundational civic leadership!
Impact Denver is a six-month program that aims to capture metro Denver’s next generation of leaders in the early stages of their careers as they begin to assume leadership roles in their professional and volunteer lives. The program provides an introductory framework to the challenges confronting our region, and it helps to develop civic leadership skills such as cultural competency, asset-based thinking and board engagement.
Featuring a balanced combination of half-day issue seminars that feature influential community leaders as speakers, small group discussion work, and a year-end closing event, Impact Denver educates its participants on issues that affect our region, including education, health care, arts and culture, politics, and philanthropy. In addition, the class will be split into groups and participate in community action projects for the duration of the program, giving participants hands-on experience working with nonprofit organizations.
Impact Denver benefits participants in their personal, professional, and civic lives. To begin your civic leadership journey,
A monthly index of expected business activity in Colorado from Denver economist Ernie Goss jumped more than nine percentage points in August, helped by rising construction employment, after sinking into negative territory in July for the first time in nearly three years.
Goss’ monthly Business Conditions Index for the state, issued Tuesday, was 59.0 in August, up from 49.6 in July and 58.6 in June.
Metro Denver is landing 74 new jobs as Gart Capital Partners relocates its Magellan's Travel Supplies affiliate to the Denver area.
Magellan's merged with Gart's Colorado Bag'n Baggage subsidiary in December 2011. Santa Barbara, Calif.-based Magellan's is a retailer of travel items such as clothing, wallets and purses, blankets and pillows.
Under the relocation, metro Denver will serve as the base of the company's corporate operations, catalog call center and distribution facility.
The relocation brings not only jobs but a new dimension to luggage retailer Bag'n Baggage, said Ken Gart, a partner in Denver-based Gart Capital Partners.
Denver ranks third among large U.S. metropolitan areas for job growth over the 12 months ending in July, according to an analysis by an Arizona State University business professor.
Research professor Lee McPheters of ASU’s W. P. Carey School of Business compared non-farm payroll job changes between July 2011 and July 2012 in metro areas with 1 million or more people. He used data from the U.S. Labor Department’s Bureau of Labor Statistics.
Downtown Denver will get a jolt of prestige and economic benefit as the site of a new U.S. Patent and Trademark Office.
The office, whose location was announced Wednesday, will be in the Byron G. Rogers federal office building at 1960 Stout St.
The facility will employ about 130 workers initially, with employment projected to grow to as high as 595 after five years. Economists have projected its total economic impact at $439 million over five years.
Colorado has landed 138 companies on the Inc. 5000 list of the nation's fastest-growing private firms, posted Tuesday.
That comes after the business magazine last week published its Inc. 500 list, which featured fourteen Colorado businesses.
Fourteen Colorado businesses have landed on Inc. magazine’s “Inc. 500” list of the 500 fastest-growing private companies for 2012, two of them among the top 100.
The list appears in the magazine’s September 2012 issue. The ranking is based on revenue growth over a three-year span.
U.S. stocks traded higher, led by sectors seen as plays on global growth, as concerns about the euro zone's debt crisis eased.
The Dow Jones Industrial Average advanced 78 points, or 0.6%, to 13175 in midmorning trading. The gain put the Dow on pace to start the week with a gain for the first time since May 29, or the Tuesday after the Memorial Day holiday.
Two Denver-area companies -- Denver'sReadyTalk and Louisville's Natural Habitat Adventures -- rank Nos. 1 and 2 on Outside magazine's latest list of the nation's 100 best places to work, issued Thursday, and New Belgium Brewing in Fort Collins is No. 5.
The list is thoroughly dominated by Colorado companies, with 19 local firms on the list.
Outside's ranking recognizes "successful businesses that allow people to pursue ambitious careers but also spend time with their families, give back to their communities, and fulfill their passion for adventure," the Santa Fe-based outdoor magazine says.
About $10 million worth of solar power systems will be put on 387 affordable-housing buildings in Denver through a 2.5 megawatt, 20-year power purchase agreement signed by the Denver Housing Authority.
Denver Mayor Michael Hancock announced the agreement Thursday.
It’s one of the biggest solar power installation projects in the Denver metro area ever in terms of megawatts and the number of buildings involved.
Denver will implement programs to increase capital lending for small companies and to streamline business licensing in the next six months as part of its goal to become a “21st Century city,” Mayor Michael Hancocksaid at his first State of the City address Monday.
Addressing 400 people at the Denver Museum of Nature & Science, Hancock said he has taken steps to improve Denver’s business climate in his first year in office, such as landing direct flights to Europe and Asia and jump-starting the renovation ofDenver Union Station.
Datalogix, a Westminster company that helps large companies like Wal-Mart and Kroger mine data, plans to add 322 high-paying jobs over the next five years and could receive $1.4 million in tax credits from the state if it delivers as promised.
The Denver Post Sunday announced that Denver, Dallas-Fort Worth and San Jose have been selected by the U.S. Department of Commerce as sights for the three satellite locations for U.S. Patent and Trademark offices. The satellite patent office is expected to generate $440 million in economic-development activity over 5 years.
Frontier Airlineson Saturday began nonstop flights between Denver International Airport and Punta Cana, Dominican Republic -- the first nonstops between DIA and the Caribbean.
The weekly seasonal service to the resort area continues through Aug. 4.
Flights leave Denver each Saturday at 8:05 a.m. and arrive in Punta Cana at 3:30 p.m. local time. Returning flights, also on Saturdays, depart 4:20 p.m. and arrive back at DIA at 8:30 p.m.
Frontier is flying 138 seat Airbus 319s on the route.
The airline is offering double frequent-flier miles on the route; click here for details and rules.
Frontier said the new route will give the airline 68 nonstop flights from DIA, a record for the Denver-hubbed carrier.
Frontier also flies to several points in Mexico as well as Costa Rica and Jamaica.
Minneapolis-based Target is looking at downtown Denver for one of its City Target locations, The Denver Post reports.
Target isn't saying anything about plans for Denver, but the Post cites three unnamed sources who say negotiations are under way.
The company's City Target stores are smaller than its suburban locations. The first is scheduled to open in Chicago next month, with more planned for Los Angeles, San Francisco and Portland, Ore.
IHS Global Insight, a unit of Douglas County-based IHS Inc., reports that Colorado is one of 12 states expected to reach or exceed pre-recession job levels either this year or next. Four states, all experiencing growth in energy production, Alaska, Louisiana, North Dakota and Texas, already have returned to pre-recession job levels.
Today I’m proud to announce that Denver has secured the first-ever nonstop flight from Denver to Asia!
United Airlines will begin service from Denver to Tokyo on its 787 Dreamliner in March – marking one of the most significant economic-development victories for Denver in recent memory. The City has worked for decades to secure a nonstop flight to Asia because of the monumental economic benefit this would have for metro Denver.
This nonstop flight will open a new frontier of opportunity for our state, better connecting Colorado with Asia’s growing markets. It will create new jobs, attract new companies, generate more than $130 million in annual economic benefit to Colorado, and elevate Denver as a world-class city on the global stage.
We are so excited for this new flight, but we will not stop here. I am laser-focused on creating new jobs and strengthening our economy. Next, we look to Central America, South America and Europe for new service to Denver. Additional international flights will serve as a critical component of our long-term plans for Airport City Denver and the surrounding aerotropolis.
We will not wait for economic opportunities to come to us – we will go out and get them. Now, we get back to work!
Michael B. Hancock
Denver Business Journal by Mark Harden, New Media Editor
Southwest Airlines, one of Denver International Airport's top three carriers, is rated the world's most generous airline when it comes to redeeming frequent flier miles, according to a new survey by consulting firm IdeaWorks Co.
It's the second straight year that Dallas-based Southwest (NYSE: LUV) has won the top spot in the annual report.
Twenty-three airlines worldwide were rated on how often they award free tickets in response to website inquiries on redeeming frequent-flier miles.
For its third annual Switchfly Reward Seat Availability Survey, IdeaWorks evaluated the carriers by making 6,680 web requests for a standard-mileage award for travel dates from June through October 2012 on top routes.
Southwest and Air Berlin were the only airlines that awarded free seats 100 percent of the time in IdeaWorks' survey.
The only other airlines with award rates better than 90 percent were Brazil's Gol (97.1 percent), Luftansa/Swiss/Austrian (92.1 percent), Singapore Airlines (90.7 percent) and Virgin Australia (90 percent), the report said.
United Airlines, DIA's No. 1 carrier, was tied for seventh place with an award rate of 87.1 percent. IdeaWorks said United was the second most-improved airline from its 2011 award rate, up 15.7 percentage points.
Delta Airlines was rated last for the second year in a row, with an award rate of 27.1 percent, IdeaWorks said. Also scoring low among U.S. carriers were US Airways (33.6 percent) and American Airlines (45.7 percent).
American also saw the biggest decline from last year, down 17.2 points.
Denver-based Frontier Airlines was not included in the study.
> Click here for the full report from IdeaWorks
Join us for an event that honors and empowers small businesses nationwide
The National Small Business Week Conference, hosted by the Small Business Administration, has been recognizing the special impact made by outstanding American entrepreneurs and small business owners since 1963.
Leadership Denver Class of 2013
Leadership Denver is now accepting applications for the Class of 2013. The Flagship 11-month program is for civic-minded individuals that emphasizes learning through experience and provides in-depth knowledge to give them the tools and a network to better serve the community. Program starts August 2012 and runs through June 2013. To nominate a person or get more information about this program, visit http://www.denverleadership.org/Page/LD_Application2013 , or contact Denise King at 303-620-8055.
APPLICATION DEADLINE: MON., June 4, 2012
Denver Business Journal
The number of small businesses offering health insurance to employees in Colorado declined by 7 percent last year, the state Division of Insurance reported Monday.
The number dropped by 2,210, to 31,524 companies last year. The decline has been steady since 2006 and is off from 65,590 small businesses providing health coverage in 2001.
The Division of Insurance also reported the number of employees receiving health insurance through a small business fell by 4 percent last year. The findings were detailed in the division’s 2011 Colorado Small Group Market Activity Report. A PDF of the report can be downloaded here.
The small-group market is defined as employers who offer health insurance to their employees and who have no more than 50 eligible employees.
The total number of people with health coverage in the small-group market in Colorado has steadily fallen since 2001 and last year declined by 10,625, ending at 256,786.
The biggest change was in the number of sole proprietors carrying health coverage, which fell by 35 percent, to 5,974.
But the number of health plans offered by Colorado companies with 26 to 50 employees grew by 53 percent and covered 18,628 more people.
The Division of Insurance said 14 companies wrote policies for small businesses last year, and collected premiums of $1.1 billion.
UnitedHealthcare had the biggest market share in Colorado in the small group market, at 31.99 percent. Kaiser was second, with a 27.54 percent market share. Anthem Blue Cross Blue Shield was third, with a market share of 22.59 percent.
Three of the 14 companies are no longer writing new small group policies and are getting out of the market: Aetna Life Insurance Co., Mid-West National Life Insurance Company of Tennessee and Transamerica Life Insurance Co.
Denver Business Journal by Dennis Huspeni, Reporter
Trader Joe's has signed a letter of intent to open its first Denver store on Colorado Boulevard, sources said Friday.
The store will be located on the southeast corner of Colorado Boulevard and Eighth Avenue, three independent commercial real estate brokers who specialize in retail told the Denver Business Journal.
It would be the grocery chain’s second Colorado store, in addition to a previously announced Boulder location, scheduled to open in 2013.
Trader Joe's would not confirm or deny that it has picked a Colorado Boulevard site. Company spokeswoman Alison Mochizuki declined comment on the matter.
The land for the Colorado Boulevard location is owned by Denver hotel developer Charlie Biederman, who had planned to use the site for a hotel development in 2007. Biederman developed the Ritz Carlton downtown, which opened in 2007.
Annie’s Cafe used to be located there, but moved in 2008 to 3100 E. Colfax Ave. to make room for the hotel, which was never built.
In February, Trader Joe's announced it would open its first Colorado store in Boulder's Twenty Ninth Street mall in 2013.
The new Boulder store will be located at 1906 28th St., the site of a recently-closed Applebee’s restaurant. The new building will be about 14,000 square feet, the Monrovia, Calif.-based company said.
That news caused a stir among Coloradans who have long wanted a branch of the Monrovia, Calif.-based specialty grocery chain in the state.
In an informal online survey conducted by the DBJ in April 2010, readers said Trader Joe's was far and away the out-of-state retailer they most wanted to come to Colorado.
The typical Trader Joe's store, 14,000 to 16,000 square feet, is smaller than a traditional grocer. It is known for its own brands of unique, trendy and affordable foods such as Thai lime-chili cashews, sea salt brownies and Belgium butter waffle cookies.
Trader Joe's has 365 stores in 31 states, with about half of the locations in California.
Dennis Huspeni covers real estate and retail for the Denver Business Journal and writes for the "Real Deals" blog.
Colorado’s craft brewing industry produces an annual economic impact of $446 million, according to a study released Tuesday that is the first that attempts to quantify what the growing industry sector means to the state.
The Colorado Brewers Guild (CBG) contracted with the business research division of the Leeds School of Business at the University of Colorado Boulder for the report.
(CBG originally stated that the annual impact of the industry was $714 million. However, CBG officials were forced to retract that number and downgrade the impact by 38 percent, saying they had misinterpreted data given to them by CU and inadvertently double-counted some of the economic numbers.)
The “Airport City Denver” plan plots out potential uses for some 9,400 acres of DIA property not needed for airport expansion over the next 30 to 50 years.
The plan designates sites flanking airport runways and access roads for hotels, retail, renewable-energy research sites and power generating systems, agriculture sites, manufacturing, logistics — even a car sales lot.
“Because of the gift we have been given by the leaders who came before us, we have a unique opportunity to take our region’s biggest economic engine and spark a new era of growth that will transform Metro Denver and revitalize the regional economy,” Hancock said in a statement.
“We will create a development that thrives on the airport’s natural synergy, attracting business and jobs that benefit from a close relationship to the airport and its inherent access to national and international markets,” the mayor added.
The good news is that the U.S. economy is in growth mode; the bad news is that it’s the weakest economic expansion since the 1940’s. Landing a new job in today’s market will require more preparation, planning and perseverance than ever before.
Colorado Gov. John Hickenlooper will sign a bill Thursday that aims to boost the state’s commercial spaceflight industry.
Senate Bill 35, sponsored by Sen. Mary Hodge, D-Brighton, grants limited liability to spaceflight companies, allowing users who sign waiver forms to sue them only if they are injured as a result of intentional action or gross negligence.
It passed the state Legislature when the House unanimously approved it in March.
The soon-to-be-signed law “will position Colorado to capitalize on significant new opportunities in commercial space transportation,” the Metro Denver Economic Development Corp. said in a statement Wednesday.
Colorado officials announced today the launch of a $130 million broadband project that will help provide high-speed Internet access for schools, libraries, healthcare facilities and government offices statewide.
The 4,600-mile fiber-optic network is scheduled to be completed in August 2013. Led by intergovernmental agency Eagle-Net, the network will serve as the "middle mile" connection. Last mile connections will be provided by companies such as Comcast and CenturyLink or other partners selected by participating organizations.
Colorado's non-farm payroll jobs rose 2.2 percent in February from a year earlier, with only five states scoring a higher one-year job growth rate, according to U.S. Labor Department data released Tuesday.
The state added 48,200 payroll positions between February 2011 and February 2012, reaching a total of 2,261,600, according to the Labor Department's Bureau of Labor Statistics.
The only states to top Colorado's job growth rate over the year were North Dakota (up 6.9 percent), which has seen a surge in oil and gas operations, followed by Oklahoma (up 2.9 percent), Texas (up 2.6 percent), Utah and Louisiana (both up 2.5 percent), the BLS data show. And Kentucky and the District of Columbia both tied Colorado's 2.2 percent job growth rate.
The Denver Metro Small Business Development Center (SBDC) this week was selected by the U.S. Small Business Administration (SBA) for the 2012 Small Business Development Center Excellence & Innovation Award.
Each year, about 1,100 small business development centers across the United States are eligible for the award, whichrecognizes excellence in providing value to small businesses and advancing program delivery and management through innovation. Some of the criteria for the award include meeting or exceeding the center's performance goals and helping build small businesses by creating and implementing innovative programs.
“Winning this national award is an extraordinary achievement for the Denver Metro SBDC and the Colorado SBDC Network,” said Dan Hannaher, SBA Region VIII Administrator. “It exemplifies the highest standards of service and commitment to the Denver area small business community.”
To achieve this national title, the Denver Metro SBDC was first selected at the SBA district and regional levels. Tameka Montgomery, executive director of the Denver Metro SBDC, will travel to Washington, D.C., to accept the award at a celebration during National Small Business Week on May 21-25.
A federal court has struck down Colorado’s so-called “Amazon tax” that tried to apply state use taxes to the online affiliate sales of out-of-state companies.
Colorado legislators created the tax in 2010. A trade group, the Direct Marketing Association, based in New York City, sued in U.S. District Court for Colorado to overturn it.
On Friday, the federal court in Denver declared the 2.9 percent tax on purchases unconstitutional on the ground it was tilted unfairly against out-of-state retailers, and that it put an undue burden on retailers to either collect the tax owed by consumers or report consumer purchases to the state.
Judge Robert Blackburn’s ruling noted the legal language of the tax didn’t distinguish between in-state and out-of-state businesses, but the practical effect of the tax did.
“I conclude that the veil provided by the words ... is too thin to support the conclusion that the Act and the Regulations regulate in-state and out-of-state retailers even-handedly,” Blackburn wrote.
In an interview Monday with the Nashville Business Journal, a Denver Business Journal sister paper, Davis said that the other four states targeted for growth by the Minneapolis-based bank (NYSE: USB) are Arizona, Nevada, Tennessee and Utah.
Davis said U.S. Bank's ambition is mainly to deepen its presence in markets where, like Colorado, it already has a footprint, not spread to new territory. Growth could come, he said, in the form of natural growth, investment in new locations and the purchase of banks or branches in the right circumstances.
U.S. Bank is the Denver area's fourth largest by local deposits, which total $6.21 billion, amounting to a 10.73 percent market share, up from 10.14 percent last year, the FDIC says.
IMA Financial Group will break ground next month on its new $32 million headquarters, the first building to be constructed as part of the redevelopment of Denver’s historic Union Station and surrounding property as the region’s transit hub. Plans for the area include redeveloping the historic station into a boutique hotel, with restaurants and retail on the ground level.
Bloomberg Businessweek awarded higher scores to undergraduate business programs at two Colorado universities.
The magazine's measure of the best programs includes student satisfaction, academic quality and post-graduation outcomes.
The Leeds School of Business at theUniversity of Colorado-Boulder was ranked No. 92, up from No. 97.
Congratulations to the Forty Under 40 class of 2012! More information on the celebration luncheon is available here.
Oxi Fresh Franchising Company
The A Game
Lindy Eichenbaum Lent
Civic Center Conservancy
Mercy Housing Inc.
Neon Rain Interactive
Anton Collins Mitchell LLP
Forest City Stapleton Inc.
Sage Restaurant Group
R. Livingston Keithley
Kelly, Stacy & Rita LLC
Jehromee (Shebon) Kelin
Colorado Technical University
LEI Companies Inc.
Wheeler Trigg O’Donnell LLP
Colorado Oil & Gas Association
Colorado House of Representatives
Cummins Rocky Mountain
Owens Public Affairs LLC
Husch Blackwell LLP
Kutak Rock LLP / Century Link
Northwest Douglas County Economic Development Corp.
American Diabetes Association
Colorado Technical University
Deirdre Wildman Toltz
Catering by Design
Ten women will be inducted into Colorado Women’s Hall of Fame in a ceremony on March 8, International Women’s Day. The new inductees include six contemporary women and four historical inductees who have significant ties to Colorado.
From the Denver Post:
Some 350 business and civic leaders were in attendance at the Downtown Denver Partnership’s Urban Leadership Symposium Wednesday to hear presentations on how a thriving downtown urban area is critical to attracting a key demographic group, professionals ages 25-34, and that group is essential to building a regional economy.
More than 300 individuals vied for the Denver Business Journal’s 2012 Forty under 40 honors.
That’s an increase of more than 100 over last year for this 16th annual event.
After being judged on their business leadership, recognition of accomplishments and community involvement, these are the 40 honorees selected this year.
These winners will be honored at an awards luncheon March 15 at the Hyatt Regency Convention Center Hotel. Those wishing to attend can register online here.
The keynote speaker will be Robert A. Katz, the chairman of the board and CEO of Vail Resorts Inc.
These 40 rising stars — each under the age of 40 as of March 15 — will be profiled in a special section published in the DBJ’s March 16-22 edition.
There were 471 nominations for 307 individuals for the 2012 awards. Take a look back at who took the honors in 2011 by clicking here.
Metro Denver ranked 69th among 100 large metro areas in the rate of private-sector job growth in 2011 from the previous year, and Colorado Springs was second to last, according to an analysis of federal jobs data.
The analysis is by G. Scott Thomas, who covers demographic trends in his “On Numbers” blog for The Business Journals, the online national news service of American City Business Journals.
Denver ranks as the fifth-best convention city in the United States, according to the largest biannual survey of meeting planners in the country.
That ranking is the highest Denver has achieved in Metropoll’s survey of more than 2,000 meeting planners and is up significantly from its 14th-place ranking in 2009.
The survey involved more than 2,000 corporate and association meeting planners who organize large national meetings for 300 people or more, and it compared the 40 largest cities in the country.
“Overall, Denver is a very strong meeting destination, excelling in logistical areas, reputation, and convention center image,” said the Metropoll report.
The city of Denver was ranked tops among its 40 counterparts for its “good greening policies.” It ranked second for outdoor recreation, third for its scenery and friendly residents and fourth for its clean, attractive space and for the inexpensiveness of travelling to Denver.
The Mile High City also ranked in the top 10 in 14 of 27 attributes that looked at its reputation as a place to hold meetings. Those include being sixth in the country for having a new or expanded convention center, 10th for large trade shows and 10th for excellent hotel meeting facilities.
“This is a real tribute to the Visit Denver convention department, the city’s Arts & Venue department, SMG [the company that operates the Colorado Convention Center], the center manager, Centerplate food service, and our supportive hotels, for the great collaborative effort,” wrote Richard Scharf, Visit Denver president/CEO, in a memo to the organization’s board members.