If you haven’t been following the second-largest bank failure in history, you may want to start. To recap, Silicon Valley Bank (SVB) located in California was the 16th largest bank in the United States, with $209 billion in assets. Just…
Coloradans are feeling the consequences of recent elections: higher costs, higher crime, more red tape and new regulations on just about everything we do. The inflation in Colorado is getting out of hand. When voters turned out in November, they…
The lack of affordable housing in Colorado for middle and lower-income households is a lesson in economics. Unlike the healthcare market, which is muddled with third-party payors, the housing market is straightforward supply and demand analysis. Demand has been far…
It’s easy to forget that Colorado businesses aren’t buildings, they are real people — employees, business owners, suppliers, investors — that make up the foundation of Colorado’s economic success. It’s also easy to forget that the economic concerns affecting individuals…
As a financial advisor, I have witnessed the profound and long-lasting generational impacts of the racial wealth gap in our society, which exists due to historical factors that continue to impact the wealth, earning potential and distribution of assets in…
There has been a lot of news lately about the debt ceiling, but what exactly does that mean? According to Wikipedia, “In the United States, the debt ceiling or debt limit is a legislative limit on the amount of national…
A funny thing happened when President Biden went off script during his recent State of the Union speech and began jousting with a raucous group of Republican lawmakers. He told the truth. Now, that’s not to say the rest of…
Real estate investing is one of the surest paths to building wealth, but it’s not without certain risks. And in 2023’s unsettled and hazy market, those risks could sneak up on you. With demand tanking, prices flattening, mortgage rates at…
In recent years, Congress has continued to push for changes to retirement accounts as they look for new ways to encourage retirement saving and create tax streams for the budget. Most recently, that includes the Secure 2.0 Act. The Secure…
Colorado ended 2022 with continued strong job growth and is outperforming the nation in many areas, according to a report released today by the University of Colorado Boulder and Colorado Secretary of State Jena Griswold. The Quarterly Business and Economic Indicators…
Today, many business leaders are faced with an increasingly complex business environment and economic uncertainty. Interest rates remain high and material prices and supply chain volatilities continue to hamper business as usual, leading many business owners to evaluate their plans…
For the past two years, the real estate market has been moving at one of the quickest paces on record. With houses coming and going from the market in hours and sales prices at record highs, selling your house was…
There's an old saying: The (small business) show must go on. Well, that's not exactly how it goes, but it's the truth. Unlike other industries that are much more dependent on the whims of the stock market, the small business…
We all know how painful 2022 was for investors. To put it in perspective, conservative balanced portfolios with 60% in equities and 40% in fixed income were down almost 20%. The more aggressive, all-equity growth portfolios were down over 30%.…
Almost a decade ago, David Lewis wrote for Colorado-Biz that Colorado was “a natural-gas leader,” while European-based energy organizations crowed about the “Golden Age of Gas.” Natural gas-powered vehicles were the green-fad de jour in 2013. Many then, and to…
After a turbulent election cycle that saw many pundits predict that the GOP would gain ground in both chambers of the Colorado General Assembly (or even possibly retake the state Senate), Democrats cemented their dominance of the state legislature with…
A perfect storm is a weather disaster produced by a calamitous combination of unusual factors. While we hear the term often, it’s also an apropos allegory for describing current events which are combining to effectuate a potential shift in Colorado’s…
Colorado is one of the states in the country where marijuana is legal. Since its legalization, marijuana has had varying effects on the people, economy, and general existence in Colorado. Identifying the benefits and risks of marijuana use in the…
With mid-term elections in the rear-view mirror, ColoradoBiz looked ahead to the 2023 legislative session and asked Ellie Reynolds and Matt LaCrue from the bipartisan, public-affairs firm, 76 Group, what to expect now that the dust has settled and the…
Year-end planning is imperative for all businesses, especially as they navigate a changing and uncertain business environment. Over the last six months, rising inflation and a likely recession has created fear and panic for some companies as they look to…
In 1992 Queen Elizabeth was famous for saying “annus horribilis” when three of her four children’s marriages dissolved and Windsor Castle caught fire - a horrible year. The same could be said about 2022 for investors and investment strategies. A…
This time of year, economists are invited to podiums to offer their prognostications for the coming year. Sometimes it’s a perverse holiday ritual. Not wanting to stuff stockings with coal for the holidays, we tend to look for optimism even…
Governor Polis and the Global Business Development Division of the Colorado Office of Economic Development and International Trade (OEDIT) formally announced today that Caliola, a 100% woman-owned communications technology firm that specializes in supporting the defense industry, has selected Colorado…
For the 39th year, PNC calculated the cost of Christmas. With the year-over-year increase in 2022 being the third highest on record, inflation for services far outstripped goods in this year’s PNC Christmas Price Index® (PNC CPI) — a light-hearted…
