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Tag: Business Relocation

Big business taxes, small family credits, and a permanent tax on overtime
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Rocky Mountain Voice, State, Top Stories

Big business taxes, small family credits, and a permanent tax on overtime

By Shaina Cole | Contributing Writer, Rocky Mountain Voice Rep. Yara Zokaie stood before the House Finance Committee on March 9 and made the case for HB26-1221, a bill targeting executive pay deductions and corporate loss carry-forwards. "Our families are struggling to juggle their rent, groceries, and utilities," she said. The legislature had a choice. It could "choose to protect tax breaks for millionaire CEO salaries" or "allow for a break for our hard-working Coloradan families." Zokaie also co-signed HB26-1289. The reengrossed text of that bill, passed by the House on May 4, contains a provision requiring Colorado workers to add their federally exempt overtime pay back into state taxable income. Congress created a federal income tax deduction on overtime pay — up to $12,500 ...
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Colorado loses jobs as nearly 100 companies exit, business leaders demand change
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CBS Colorado, Approved, State

Colorado loses jobs as nearly 100 companies exit, business leaders demand change

By Shaun Boyd | CBS Colorado Colorado is losing businesses and jobs at an alarming rate. Now, the ones who've stuck around are calling on state leaders to make changes before things get even worse. The Colorado Chamber of Commerce has been sounding an alarm for years about excessive regulation and, last year, more people moved out of Colorado than into the state. The chamber says companies are also relocating out-of-state. It released data showing, since 2019, 98 companies have either left the state, expanded elsewhere, or scrapped plans to move here. That's resulted in more than 13,000 lost jobs. Since 2022, Colorado has also had a net loss of 34 public company headquarters. Some of the states seeing gains from Colorado's losses included Texas, California a...
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She moved her company to Colorado: Seven months later she decided to leave
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Rocky Mountain Voice, State, Top Stories

She moved her company to Colorado: Seven months later she decided to leave

By Jen Schumann | Rocky Mountain Voice Heather Florio didn’t move her company to Colorado for a short stay. When she arrived in early 2025, she thought she was putting down roots. “We came here… at the beginning of January, 2025 with anticipation of this being our permanent home.” About seven months in, she said the company was having to leave. “We found out that some laws had changed here in the state of Colorado,” Florio said. “Specifically regarding tax thresholds. We’re looking at double the amount of taxes if we stay here. We are unfortunately having to leave my home state.” Florio described that decision in a video from the Southern Colorado Women’s Chamber of Commerce, which was shared with RMV by the Colorado Chamber. https://youtu.be/J0BkXb59iPs?si=du...
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Colorado’s corporate exodus: Nearly 12,000 jobs gone — and the tracker Polis hopes you’ll ignore
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Colorado Accountability Project, Approved, Commentary, State

Colorado’s corporate exodus: Nearly 12,000 jobs gone — and the tracker Polis hopes you’ll ignore

By Cory Gaines | Commentary, Colorado Accountability Project   I found something interesting in Jon Caldara's recent op ed that I thought worth sharing. A quote (with link left intact--though I link to the opportunity tracker separately at bottom so you can share that link if you've a mind to) shows what I mean: "So, what's the pattern here? It's not just 'companies move sometimes.' We're building a list. A tracker. A scoreboard. The Colorado Chamber literally maintains a 'Lost Opportunities' compilation of companies leaving, downsizing, or choosing to expand somewhere else. Nearly 12,000 jobs have moved away. When you need a tracker for corporate departures, you're no longer 'a state with some challenges.' You're a gate agent announcing final boarding for Flight 970 to Anywhere Else." Ye...
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