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Colorado offered $1.45 billion in incentives to attract new business. About 5% was claimed.
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Approved, State, The Colorado Sun

Colorado offered $1.45 billion in incentives to attract new business. About 5% was claimed.

By Tamara Chuang, Colorado Sun If all 35 companies approved in 2023 take Colorado up on its offer of a tax credit to move or expand here, they’ll create more than 12,700 new jobs in the state in the next eight years.  The past year’s slate of approved job-creation tax credits is valued at $146 million, or double the amount approved in 2022 — and for twice the potential new workforce. From startups like Alquist, which plans to 3D-print houses in Greeley, to lithium-ion battery manufacturer Amprius Technologies in Brighton and several space- or semiconductor-related firms weighing a move to El Paso County, the new cohort joins more than 300 past awardees that have qualified for $1.45 billion of tax credits and created around 20,000 jobs in 14 years.  But so far, most award...
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Colorado’s Minimum Wage Hike Leads to Massive Layoffs
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Approved, State, thelobby-co.com

Colorado’s Minimum Wage Hike Leads to Massive Layoffs

SOURCE: THELOBBY-CO.COM Colorado’s decision to raise its minimum wage from $12.32 to $14.77 per hour has ignited a fierce debate over the effects on businesses and workers alike. While proponents argue that the increase will stimulate the economy and alleviate poverty, critics contend that it will have detrimental consequences for small businesses, potentially resulting in job losses and operational changes. According to a recent report by the Colorado Restaurant Association, over 40% of the state's restaurants have already reduced staff or hours in response to the wage increase. Major fast-food chains like McDonald's, Burger King, and Wendy's have also announced plans to automate their operations, replacing human workers with machines. Among the casualties of this wage hike is...
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