New Colorado Business Filings Up Over Last Year

More than 28,000 new businesses were filed with Colorado’s Secretary of State’s Office in the second quarter of this year, according to new data from the University of Colorado’s Leeds School of Business.

The data comes from the Quarterly Business and Economic Indicators Report. New businesses are up 7.5 over same period last year.

The number of renewals for existing businesses also increased over last year’s second quarter; more than 600,000 businesses are in good standing, more than a 5 percent increase over 2015.

New and existing business filings were down slightly, compared to the first quarter of this year. But Richard Wobbekind of the Leeds School’s Business Research Division said despite modest economic growth this year, he’s encouraged by the state’s year-to-year job growth.