Colorado unemployment rate continued drop in July

Broomfield

DENVER — Colorado’s unemployment rate continued its months-long downward plunge in July, creeping within a half a percentage point of the pre-COVID-19 pandemic low. The seasonally adjusted jobless rate fell one-tenth of a percentage point in July to 3.3%, the lowest the figure has been since February 2020, when it was 2.8%, according to Colorado … Continued

Unemployment rate drops statewide, mostly flat in NoCo, Boulder Valley

Broomfield

DENVER — The Colorado unemployment rate fell three-tenths of a percentage point from October to November, while rates in Larimer, Weld, Boulder and Broomfield counties remained mostly unchanged over the month.  Colorado’s seasonally adjusted jobless figure was 5.1% in November, compared with a national average of 4.2%, according to new information provided Friday by the … Continued

Growth-inspired road projects continue to snarl area travel

Broomfield

The first half of 2022 saw the continuation of a series of major improvement projects that began during the past two or so years along Interstate 25, the main artery connecting Northern Colorado and the Boulder Valley with the wider Front Range.  Those projects — most of which center on adding a lane and replacing … Continued

State remains home to much of outdoor sector

Broomfield

While Colorado — and specifically Boulder — remains home to the outdoor industry’s top trade group, the Outdoor Industry Association, the Centennial State will no longer play host to the industry’s top trade show, Outdoor Retailer.  After five years in the Mile High City, OR is heading back to Utah. OR, which had previously been … Continued

Organic sector thrives despite headwinds

Broomfield

The last year has been something of an out-of-the-frying-pan-into-the-fire situation for the natural and organic industry, which clawed its way out of the COVID-19 pandemic only to face the wrath of a knotted supply-chain and rising costs.  For example, Sovos Brands Inc. (Nasdaq: SOVO), a formerly California-based food-brand company that last year planted its headquarters … Continued

Cannabis markets soften, yet still robust

Broomfield

With its uncanny power to chase away the boredom of being stuck inside during a worldwide pandemic, cannabis usage and sales skyrocketed during the COVID-19 pandemic but have since come back down to Earth as the world has opened back up.  “Across California, Colorado, Nevada and Oregon, total dollar sales fell about 10% between [the … Continued

COVID highlighted region’s bioscience industry

Broomfield

The COVID-19 pandemic highlighted the strength and capacity for innovation within the region’s bioscience industry, particularly in the Boulder Valley where a number of pharmaceutical and medical-device companies entered the fray to beat back the virus. The industry’s hot streak has continued into 2022 and has blasted the flex-industrial real estate market into the stratosphere … Continued

Bankers position themselves for economic bumps

Broomfield

Despite economic headwinds whipping and the potential for a recession on the horizon, bankers aren’t getting flashbacks to 2008. “Capital levels remain really high,” Jenifer Waller, president and CEO of the Colorado Bankers Association, told BizWest in June. “They remained high all through the pandemic.” Part of that is due to the Dodd-Frank Act instituted … Continued