Friday January 22, 2016 0 comments
BOULDER -- Despite a slowdown in new business filings in Colorado during Q4 2015, employment in the state is expected to expand over the first and second quarters of 2016, according to a University of Colorado-Boulder report released by Secretary of State Wayne Williams.
The quarterly indicators report was prepared by CU-Boulder’s Business Research Division at the Leeds School of Business.
Fourth quarter 2015 new entity filings were 23,306 – down from 25,164 in Q3 2015 and slightly down from 23,360 in Q4 2014.
A total of 102,670 new entities were recorded during 2015, the report said.
The number of entities in good standing ticked up 5.5 percent year-over-year to a new record of 601,588.
“Despite a slight decline in business registration, our office continues to help Coloradans achieve their dreams,” said Williams. “For the first time, Colorado exceeded a major milestone having over 600,000 business entities in good standing.”
“Based on economic growth in Colorado and the initial filings, we see continued – but slower – employment growth in the state in the first half of 2016,” said economist Richard Wobbekind, executive director of CU-Boulder’s Business Research Division.
To view the entire report, click here.