Audio Script
Continued business growth anticipated for Colorado in upcoming quarters
July 24, 2015ΜύΜύΜύΜύΜύΜύΜύΜύΜύΜύΜύΜύΜύΜύΜύΜύΜύΜύΜύΜύΜύΜύΜύΜύΜύΜύΜύΜύΜύΜύΜύΜύΜύΜύΜύΜύΜύΜύΜύΜύΜύΜύΜύΜύΜύΜύΜύ Brian Lewandowski
Coloradoβs economy just seems to get stronger as the year goes on. The latest data shows that there were over 26,000 new business filings in the state during the second quarter of 2015, according to a ΒιΆΉΣ°ΤΊ report released today by Colorado Secretary of State Wayne Williams.
And new filings usually translate into more jobs, says CU-ΒιΆΉΣ°ΤΊ economist Brian Lewandowski.
CUT 1 βThrough this expansion that weβre currently in weβre seeing a continuation in the increase in new business filings in Colorado year-over-year, which is an important indicator because it points to Colorado employment continuing to expand over the next six months.β (:17)
The Secretary of Stateβs Quarterly Business and Economic Indicators Report, prepared by CU-ΒιΆΉΣ°ΤΊβs Leeds School of Business, uses data from the stateβs central business registry. According to Lewandowski, statistics show that typically about 20 percent of new filings translate into actual businesses being formed.
CUT 2Μύ ΜύβAccording to the business dynamics statistic from the U.S. Censes Bureau, we see that there is a difference of about 80 percent between the new entity filings from the Secretary of Stateβs office and a new business actually being created or formed. (:18) So 25,000 new entity filings should equate to about 5,000 new establishments in the state.β (:24)
Lewandowski says this is another indicator that Coloradoβs economy is one of the strongest in the nation.
CUT 3 βThe Colorado economy is performing much better than the national economy overall. So weβre definitely one of the best performing states nationally. (:10) And what this data points to is that we have no reason to see that being interrupted over the next six months.β (:17)
Visit the secretary of stateβs website at to view current and past reports or to sign up to receive reports by email.
-CU-