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Can one guy run 15,500 businesses from out of state? Attorney general sues on fraudulent filings
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Approved, State, The Colorado Sun

Can one guy run 15,500 businesses from out of state? Attorney general sues on fraudulent filings

By Tamara Chuang | Colorado Sun The number of new companies created in Colorado in the past two years may not have set all-time records after all, after officials discovered more than 15,500 fraudulent business filings last year by a man who used a stranger’s home address. The Colorado Attorney General’s Office on Wednesday filed a consent judgment in Denver District Court to settle allegations against defendant Marcio Garcia Andrade for violating the Colorado Consumer Protection Act. Andrade, who doesn’t live in Colorado, was accused of filing the new business formations between February 2022 and August 2023 that were linked to a Northglenn townhome address “without the knowledge or consent of the homeowner and resident,” according to the AG’s lawsuit. READ THE FULL STORY AT THE ...
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‘It’s challenging’: Why some Denver restaurant owners are looking to expand business elsewhere
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Approved, CBS Colorado, Local

‘It’s challenging’: Why some Denver restaurant owners are looking to expand business elsewhere

By Ashley Portillo | CBS Colorado While many Denver restaurants have closed their doors over the past year, some restaurant owners are taking their businesses elsewhere or expanding outside the city limits. Due to a multitude of concerns, the owner of Benny Blanco's Slice of the Bronx made the decision to relocate his business to Arvada. Other challenges led the owner of ten restaurants in Denver, including Guard and Grace and Tag Burger Bar, to expand his business to Houston. READ THE FULL STORY AT CBS COLORADO
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Number of new Colorado businesses drops 21.7% nearly a year after filing-fee discount ends
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Approved, State, The Colorado Sun

Number of new Colorado businesses drops 21.7% nearly a year after filing-fee discount ends

By Tamara Chuang | The Colorado Sun A 21.7% dip in folks filing to start a business in Colorado during the second quarter was largely attributed to the end of a program more than a year ago that reduced filing fees to $1, according to the latest quarterly data from the Colorado Secretary of State’s Office. “It was the sharpest decrease year-over-year in the state (that) we’ve been tracking since 2005. That’s both in percentage terms and absolute numbers,” said Brian Lewandowski, executive director of University of Colorado’s Business Research Division, which analyzed the data for the Secretary of State’s Office.  New business filings reached a second-quarter high last year at 54,940. The fee returned to $50 in June 2023 and now, one year later, filings dropped to 43,029 for t...
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Conn’s HomePlus closing all stores nationwide, including six in Colorado
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Approved, Rocky Mountain Voice, State

Conn’s HomePlus closing all stores nationwide, including six in Colorado

By BRIAN PORTER | Rocky Mountain Voice Some Coloradans might be able to find a great deal on furniture, appliances, electronics, bedding and more as Conn's HomePlus prepares to close all of its stores nationwide. In July, the retailer announced plans to close a little less than half of its locations as part of a Chapter 11 bankruptcy filing. Instead, it will shutter all 174 stores, eliminating about 4,000 jobs in 15 states. The top of the company's website on Tuesday displayed a "Going out of business sale" banner, boasting 30-50% off everything in store and on the website. Conn's HomePlus operates six locations in Colorado, a search of the website details. These include:7360 W. 52nd. Ave., Arvada.60 S. Abilene St., Aurora.340 N. Academy Blvd., Colorado Springs.550 E. 102nd Ave...
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Big Lots shuttering more than half of Colorado locations among 300 nationwide
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Approved, BizWest, State

Big Lots shuttering more than half of Colorado locations among 300 nationwide

By Christopher Wood | BizWest Discount retailer Big Lots Inc. (NYSE: BIG) will close more than half of its remaining Colorado stores, including locations in Greeley and Longmont. The Columbus, Ohio-based company is closing almost 300 stores nationwide, including at least eight of its 14 locations in Colorado. The closures come a year and a half after Big Lots shuttered locations in Fort Collins, Arvada, Denver and Englewood. READ THE FULL STORY AT BIZWEST
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Merger between Kroger, Albertsons on hold until Denver court rules on state lawsuit
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Approved, kdvr.com, State

Merger between Kroger, Albertsons on hold until Denver court rules on state lawsuit

By Maddie Rhodes | Fox 31 News The Kroger and Albertsons merger has been put on pause until Denver’s district court rules on the lawsuit brought on by the state of Colorado. The two grocery store chains announced their plans to merge, however, this was met with much controversy as many said this would create a monopoly. In February, the U.S. Federal Trade Commission sued to block the $24.6 billion merger between the grocery chains, saying the lack of competition would lead to higher grocery prices and lower wages for workers. READ THE FULL STORY AT FOX 31 NEWS
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Platte River to break ground on largest solar project in Northern Colorado
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Approved, BizWest, Local

Platte River to break ground on largest solar project in Northern Colorado

By BizWest Platte River Power Authority will officially break ground on its Black Hollow Solar project, which will provide enough electricity to power more than 36,000 homes a year. The authority will host a groundbreaking ceremony on Wednesday to commemorate its largest solar project to date, the Black Hollow Solar project. The plan is to complete it by 2025 and deliver roughly 367,000 megawatt-hours of energy to Platte River’s system every year, according to a news release. The pandemic, tariffs and other challenges delayed the project for three years, the release said. READ THE FULL STORY AT BIZWEST
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John Deere will layoff more than 600 in production shift to Mexico
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Approved, Fox Business, National

John Deere will layoff more than 600 in production shift to Mexico

By Michael Dorgan  | Fox Business John Deere, the world’s largest seller of tractors and crop harvesters, on Friday announced another wave of layoffs, telling around 610 production staff at plants in Illinois and Iowa that they will be out of a job by the end of the summer.   The company is slashing around 280 workers from a plant in East Moline, Illinois, while another 230 employees are being let go at a factory in Davenport, Iowa. About 100 production employees at the company’s Dubuque, Iowa, plant will also be impacted. All layoffs are said to be effective from Aug. 30, the company tells FOX Business. The layoffs are being made due to reduced demand for John Deere's products from those factories. The company says it generated $10.166 billion in profits last ye...
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Name change: Westminster Legacy Foundation now the Westminster Community Foundation
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Approved, BizWest, Local

Name change: Westminster Legacy Foundation now the Westminster Community Foundation

By BizWest The Westminster Legacy Foundation, a philanthropic group formed in 2001 by former Westminster mayor Nancy Heil, has been rebranded to the Westminster Community Foundation. The nonprofit group also got a colorful new logo that depicts the belltower at Westminster City Hall.  “We hope our new name and logo drives Westminster residents to our website and promotes giving,” Westminster Community Foundation board of directors president Mike Lazar said in a prepared statement. “Philanthropy has the power to inspire hope and optimism. Each and every one of us can make a difference.” READ THE FULL STORY AT BIZWEST
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Your Social Security COLA increase could be smaller than expected next year
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Approved, Fox Business, National

Your Social Security COLA increase could be smaller than expected next year

By Megan Henney  | Fox Business Social Security recipients are on track to receive a cost-of-living adjustment (COLA) next year that is smaller than previously expected after inflation moderated more than expected in May. Mary Johnson, a retired Social Security and Medicare analyst, estimated the adjustment could be about 3%, based on May inflation data, which showed the consumer price index was unchanged from the previous month and is up 3.3% from the same time last year. Both figures are lower than expected, suggesting high inflation is loosening its grip on the U.S. economy. READ THE FULL STORY AT FOX BUSINESS
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