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Small businesses in Colorado and across the U.S. are seeing the already-tough process of getting business loans get even tougher.
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Foreign-born residents have higher rates of entrepreneurship than those born here in the U.S. but getting a business loan can be tricky. CEDS Finance, a nonprofit, federally-funded small business lender in Aurora, provides small business loans to refugees, immigrants and other underserved people.
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Small towns in the Mountain West are leading the pack when it comes to economic success, according to a recent report by Heartland Forward.
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Local businesses are preparing for Small Business Saturday, an event to encourage holiday shopping at brick-and-mortar stores during one of the busiest times of the year.
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Back in June, Tattered Cover opened up a new location across the street from Coors Field in Denver, complete with a new collection of baseball books to boot. Thus, reminding fans to engage with what is often considered the most written-about sport there is.
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As Colorado emerges from the COVID-19 pandemic, economic experts are bullish about the state’s recovery in the coming year. But long before vaccination drives were rolled out, a lot of Coloradans began launching new businesses on their own.
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Marijuana is one of the fastest growing industries in Colorado. Since the state’s legal market started in January of 2014, medical and retail sales have topped $10 billion. Despite this huge revenue, many people of color have been unable to stake their claim within the industry and start a business. But recent state and local legislation aim to change that.
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In 2019, 3.3% of households in Colorado did not have a checking or savings account or use other financial services. The reasons vary from not having enough money to distrust of financial institutions and inconvenient locations. But what about religious beliefs? A team of MBA graduates is trying to change attitudes around banking.
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Last week, Gov. Jared Polis downgraded the 33 Colorado counties that were classified as Level Red on the state’s COVID-19 status dial to Level Orange. On social media, Polis said he was trying to walk the difficult line between the public health crisis and the economic crisis. But the limited loosening of restrictions will not be enough to provide meaningful relief to many restaurant owners in Northern Colorado.
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As the spike in COVID-19 cases continues and businesses close, people are finding themselves out of work again. To survive, many are turning to the state's unemployment system for support. It’s a complex, messy system, not built for these unprecedented times and the unprecedented surge in demand. Tamara Chuang of the Colorado Sun tries to help readers navigate these hurdles each week through her “What's Working” column. She spoke with KUNC’s Colorado Edition about what's going on with the State Extended Benefits program.