There were more than 28,000 new business filings in the first quarter of 2015 – about 2,000 more than in the same period last year. Economists at CU Boulder say that should lead to more jobs for the state.
"When we see business formation we should see employment growth at some point, with some sort of lag effect to it," said CU researcher Brian Lewendowski. He added that it can take about six months before job gains catch up to a rise in new businesses.
Colorado is still adding jobs compared to the past few years, but employment in the state was down slightly in preliminary data from February to March of this year.
You want to know what is really going on these days, especially in Colorado. We can help you keep up. The Lookout is a free, daily email newsletter with news and happenings from all over Colorado. Sign up here and we will see you in the morning!