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Things are looking good for 2014
Wages and sales are on the rise, jobs and economy expected to grow
Colorado small businesses see bright future in minimum wage increase
Minimum wage will increase in Colorado to $8 an hour starting January 1, and some small business owners and employees are looking forward to it. "We believe it's a good thing. We also feel that it would allow the workers to put immediately back into the economy from the increase in the minimum wage they would receive in their paycheck," said one Colorado Springs small business owner. Read more.
Small businesses see increase in holiday sales
Holiday shoppers spent roughly $5.7 billion at small businesses over Small Business Saturday, a 3.6 percent increase from last year, the New York Post reports. The increase stood in sharp contrast the 13.2 percent decline in retail sales on Black Friday - a drop experts pegged to more aggressive promotions by retailers over the Thanksgiving holiday.
Inc. Magazine says the sky's the limit for small business in 2014, if government cooperates
"For companies focused on growth, the forecast for 2014 is clear: mostly sunny, with a chance of Washington," the magazine says. Issues including gridlock, the Affordable Care Act and hesitant consumers make for wary business owners. Read more.
Leading economist says 2014 will see broad job growth
The state will continue along the road to recovery and add a variety of jobs in 2014 across almost all business sectors following a positive year for Colorado in 2013, according to economist Richard Wobbekind of the University of Colorado Boulder's Leeds School of Business.