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Family Owned Companies: Moody Insurance Agency
For this issue’s Family-Owned Companies feature – an annual ColoradoBiz staple we’re focusing on family businesses that are at least 50 years old, a fact that, by itself, makes them exceptional: According to a study by the Cornell SC Johnson College of Business, the average lifespan of a family-owned business is 24 years. Th[...]
Navigating Denver’s New Rental Licensing Program: Impact and Insights for Landlords and Tenants
People who own rental properties have mixed feelings about Denver’s new rental licensing program. On one hand, they appreciate the program’s intent of ensuring apartments and single-family rental units are fit for people to live in. On the other hand, they worry about added expenses, with some calling it a “money grab” for[...]
Former FirstBank CEO Announces His Retirement From the Bank After 37 Year Tenure
FirstBank, one of the largest privately held banks in the nation with a focus on “banking for good”, announced Jim Reuter is retiring from FirstBank after seven years as Chief Executive Officer (CEO) and 37 years with the organization. The board elected President, Kevin Classen, as the new CEO, and Chief Digital Officer [...]
Navigating Financial Harmony: Strategies for Couples to Align on Money Matters
Discussing money can be hard — especially for couples who may not have the same outlook on managing their finances. While the traditional role of men handling household finances is long gone, many women today are still anxious about finances and encouraging financial education could prove beneficial in any relationship. The bigges[...]
Guest Column: Denver Bronco Player Explains Why Financial Literacy is Essential for Equality
“A host of positive psychological changes inevitably will result from widespread economic security.” - Dr. MLK Jr. To combat inequality, we must first start with knowledge. We have all seen firsthand the transformative power that understanding money can have on individuals and families. As we celebrate Black History Month, may[...]
How Millennials can Maximize Their HSA Benefits in 2024
Historically, those approaching or entering retirement have significantly underestimated their cost of living, particularly when it comes to healthcare. This trend is beginning to change, however, with younger generations getting ahead of future expenses by exploring a wider range of retirement avenues, including health savings accou[...]
CEO of the Year 2023 Finalist: John Barry
Colorado is full of devoted entrepreneurs, business leaders and tech-savvy visionaries who are constantly taking the business world to new heights. It’s no secret that here, at ColoradoBiz, we love the Colorado business community. That’s why, every year, we spotlight the most impressive CEOs throughout our Centennial state and gi[...]
Craftsmanship in a Disposable World: The Decline of Repair Culture
My wife has a very nice ski jacket that we got for her birthday a couple of years ago, and last winter the zipper broke. I suggested we just take it to a tailor and have it repaired. However, we soon discovered that (a), there aren’t that many tailors around anymore, and (b) the one tailor we did find can’t repair the fancy zippe[...]
Introducing Six New Colorado Business Hall of Fame Inductees
The Colorado Business Hall of Fame will honor six new inductees Feb. 15 at Hyatt Regency Denver, Colorado Convention Center, presented by Junior Achievement-Rocky Mountain and the Denver Metro Chamber of Commerce. Here are the 2024 honorees: Rose Andom The first person in her family to attend college, Rose Andom earned a Bachelor[...]
How to Invest in 2024: Insights from Wealth Managers and Stock Market Experts
Wealth managers have been busy lately, answering clients’ questions about how to build and preserve wealth amid stock market turmoil, high interest rates and recession fears. While advisers maintain that their advice depends on each client’s goals, risk tolerance, age and other factors, there is a recurring theme to their recomme[...]
Made in Colorado (Winter 2023): Colorado Bushcraft’s Retro-Style Outdoor Bags
There’s a common misconception that the United States doesn’t manufacture much anymore. In reality, the country continues to out-manufacture China on a per capita basis, and domestic growth outpaced the global average for the first time in years in late 2022. Colorado is a case in point. Data from the Federal Reserve Bank of St.[...]
Challenges Ahead: Economic Concerns and Inflation Spell Trouble for 2024 Elections
President Biden’s re-election prospects face serious challenges. Despite public approval for many of his initiatives and strong disdain for former President Trump’s and his most ardent supporters’ behaviors, polls increasingly show Biden losing enough swing states to shift the electoral college in Trump’s favor. A myriad of [...]
Colorado’s Looming Healthcare Crisis: 10,000 Nurses Needed by 2026
Healthcare statistics in Colorado continue to show a predicted shortfall of 10,000 registered nurses and 54,000 allied health professionals such as medical and nursing assistants by 2026. This comes at a time when the population of Colorado continues to age and will need more healthcare services, and aging nurses are retiring or lea[...]
Mastering Retirement Planning: Strategies for High-Net-Worth Individuals
High-net-worth individuals don’t get to where they are by happenstance — it’s the outcome of a journey marked by choices, and at times, the lessons learned from mistakes. Although 84% of wealthy Americans have financial plans designed to mitigate long-term risks, there’s more potential for mistakes in the second half of life[...]
How to Choose the Best Budgeting Method for Your Financial Goals
According to Nerd Wallet, nearly 74% of Americans have a monthly budget. With today’s mobile banking technology and easily seeing transaction details as your money comes and goes, why do so many people still budget? And what is the best budgeting method in today's digital age? The answer is simple, having a budget is one of the key[...]
Tech Startup: ThinkOrbital — Infrastructure For outer space
ThinkOrbital WHERE: Lafayette, CO WEBSITE: www.thinkorbital.com FOUNDED: 2021 INITIAL LIGHTBULB Co-founder and president Lee Rosen retired as a colonel in the U.S. Air Force in 2011 and embarked on a career in the commercial space sector. After a decade with SpaceX, Rosen came together with ThinkOrbital co-founders CEO [...]
Top Company 2023: Tourism & Hospitality
WINNER Holidaily Brewing Co. Golden, CO Website: holidailybrewing.com https://youtu.be/ptG9oJ_NLps As part of its Top Company application, Holidaily Brewing Co. was asked about its future business goals. “World domination!” the Golden-based brewer boldly responded. “We want to be the leader and obvious choice for gluten-fre[...]
Mastering Success in Finance: 4 Essential Marketing Tips for Financial Businesses
Customer and consumer behavior is constantly evolving. While this is a good thing in terms of customer demand and engagement as people seek out new businesses and products, it can be challenging to know how to attract or maintain customers. When combining the now ever-present, globally based marketplace, it can become a stressful tas[...]
Winning the Lottery of Life: Redefining Wealth and Happiness With Financial Planning
We all dream of winning the lottery, but what happens if you really do? A retired trauma nurse living in Colorado won close to $4 million and did …. practically nothing. He was content with his life. Most of us will not win an actual lottery, but many more of us do win the lottery of life — meaning that we have the funds necessar[...]
Top Company 2023: Health Care
Now in its 36th year, ColoradoBiz magazine’s Top Company Awards program recognizes businesses and organizations based in Colorado or with a significant presence in the state that are leading the way in their fields, as demonstrated by financial performance, notable company achievements and community engagement. To be considered, T[...]
