New business filings in Colorado are up in the second quarter of 2018, raising expectations that strong job growth will continue through the year.
That’s one of the main takeaways from the recently released Quarterly Business and Economic Indicators report from the University of Colorado’s Leeds School of Business and Colorado Secretary of State Wayne Williams’ office.
“Business filings continue to surprise, mirroring a general acceleration in economic activity in the state,” Richard Wobbekind, executive director of CU’s business research division, said in a statement.
The quarterly indicators report, which analyzes correlations between business filing data and economic metrics, found new entity filings — paperwork business owners must submit to the state when launching a company — were up more than 6 percent year-over-year in the quarter that ended in June.
Over the past year, nearly 123,000 new business filings were recorded, according to the report. While not all of the entities that file paperwork with the state become successful companies, growth in new business filings is regarded as a positive economic indicator.
Read the full story at .
