BUSI­NESS FIL­INGS DROP SLIGHTLY IN SEC­OND QUAR­TER

The Denver Post - - BUSINESS - — Jesse Paul, The Den­ver Post

Colorado busi­ness fil­ings dropped slightly in the sec­ond quar­ter, ac­cord­ing to the Sec­re­tary of State’s Of­fice, but re­main higher than dur­ing the same pe­riod last year.

Both new en­tity fil­ings and ex­ist­ing en­tity re­newals dropped com­pared to the first quar­ter. Ac­cord­ing to the state’s Quar­terly Busi­ness & Eco­nomic In­di­ca­tors Re­port, in the sec­ond quar­ter of 2017, a to­tal of 29,728 new busi­ness fil­ings were recorded in Colorado — a 5.9 per­cent in­crease over the same pe­riod last year.

The first quar­ter of 2017 yielded a 9.3 per­cent in­crease year-over-year.

“New en­tity fil­ing con­tinue an up­ward tra­jec­tory, which is good news for our state,” Sec­re­tary of State Wayne Wil­liams said in a news re­lease. “There are now nearly 650,000 busi­ness en­ti­ties in good stand­ing filed with our of­fice.”

The busi­ness and eco­nomic in­di­ca­tors re­port looks at sev­eral fac­tors, in­clud­ing en­ergy costs, the la­bor mar­ket and in­fla­tion, ac­cord­ing to Wil­liams’ of­fice.

Through May 2017, home prices in Colorado grew at the third-fastest pace na­tion­ally — at 9.9 per­cent — but la­bor data con­tin­ues to show weak­ness in em­ploy­ment growth in ru­ral com­mu­ni­ties.

“At this time the na­tional econ­omy ap­pears poised to con­tinue the third long­est ex­pan­sion in U.S. his­tory,” Richard Wobbekind, ex­ec­u­tive di­rec­tor of the sec­re­tary of state’s busi­ness re­search di­vi­sion, said in a writ­ten state­ment. “We see few warn­ing signs that could de­rail this tra­jec­tory over the next year. Colorado’s econ­omy is still hold­ing strong.”

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