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Urban-renewal, data-center fights highlight Colorado Legislature's final day
The Colorado Legislature had a few tricks up its sleeve on the final day of the 2015 session Wednesday in regard to business issues.
While county-government leaders pushed a major urban-renewal reform measure across the line and onto Gov. John Hickenlooper’s desk, an effort to study whether to offer tax breaks for data-center equipment died.
And a business-backed measure to add fiscal-impact notes to citizen-generated ballot initiatives died before being revived and passed in the Senate after…
Tax-break attempts broken by 2015 Colorado Legislature
It was a tough year for anyone looking for tax breaks from the Colorado Legislature.
One year after legislators approved 11 tax breaks benefiting everyone from advanced-industry companies to victims of natural disasters, it killed 21 of 28 bills seeking tax credits, exemptions or incentives for a wide variety of proposed recipients this year.
House and Senate members, Republican and Democrat alike, grew so tired of the requests that on the final day of the session Wednesday, they killed a bill…
Ex-MillerCoors executive indicted; accused of embezzling millions
The U.S. Attorney in Chicago has indicted a former MillerCoors LLC marketing executive accused in the indictment of swindling at least $7 million from the beermaker by delivering money to conspirators for fake promotional events.
The indictment lists 20 charges of mail and wire fraud against David Colletti, 58, and seven co-defendants accused in the indictment of setting up front businesses to which Colletti funneled MillerCoors marketing money designated for selling beer in bars, restaurants, stadiums…
Workforce-development package heads to Hickenlooper largely intact
Gov. John Hickenlooper will have the opportunity to sign into law the majority of a 10-bill workforce-development packages that legislators introduced in early March.
Senators on Wednesday — the final day of the 2015 session — gave approval to the final two of eight bills that have made it through the Legislature with at least some measure of the bipartisan support that was promised when the package was rolled out. Hickenlooper, who said before the session began that getting young and unemployed…
Colorado Oil & Gas Association names new CEO
Dan Haley, a former editorial page editor of The Denver Post, has been named the new president and CEO of the Colorado Oil & Gas Association, one of the most influential energy groups in the state.
Haley most recently was vice president of communications, development and strategy at Denver’s EIS Solutions, where he was a consultant to COGA.
He starts as COGA’s new chief on June 1.
"I am really excited by this new position and working for an industry that's really dynamic and is such an important…
125-home development breaks ground in Arvada
Meritage Homes (NYSE: MTH) has broken ground on Richards Farm, a 125-home development near the intersection of 72nd Avenue and Indiana Street in Arvada.
The development is financed by San Diego-based Presidio Residential Capital and will be built on 32 acres across from Arvada's APEX Recreation Center.
Vertical construction is expected to begin in August, with the first homes available this fall.
"We believe that the greater Denver area has room for private growth, and we look forward to helping…
Colorado online job ads rebound in April (Slideshow)
Colorado gained a net 3,500 online help-wanted advertisements in April, climbing most of the way back from March's loss of 4,200 job ads, according to a monthly report Wednesday from The Conference Board.
The state gained ads despite a national decline last month.
April's gains exceeded Colorado's average monthly increase over the last 12 months, according to Conference Board data. The state's online job ads have grown by 23,000 since April 2014, an average monthly gain of 1,917.
Hemp spawns new industry in Colorado
Colorado's Amendment 64 is known nationwide as the ballot item that legalized marijuana here, turning the state into one of the country's test sites for decriminalizing and regulating the use of pot for people 21 and over.
But Amendment 64 legalized more than just pot. It also made legal growing industrial hemp, the non-psychoactive cousin of marijuana that is poised to create a new industry in Colorado.
While they both come from the same plant, different varieties are used for marijuana and for…
Relationships are key in billion dollar deals, CFOs say at DBJ forum
Three CFOs took center stage Wednesday morning at the Denver Business Journal’s CFO forum to talk about the inner workings of billion dollar deals.
When it comes down to it, it’s not the size of the deal, or the ability to demonstrate momentum in your company.
It’s about relationships, the three panelists agreed.
The CFO Billion Dollar Panel, co-sponsored by Zurich Insurance Group, EKS&H and Community Banks of Colorado, featured Ken Desgarennes, CFO at Boulder-based Zayo Group, (NYSE: ZAYO),…
Denver coffee franchisee bitter over Dazbog name
Two Denver coffee shops will no longer operate under the "Dazbog" name after franchisee Padbros Enterprises announced Wednesday it will operate them independently.
Brighton-based Padbros' two Dazbog Coffee Co. locations — one at 12th and Clayton Street and one on the 16th Street Mall — joins other shops that have ceased using the Dazbog name, accusing the Denver-based company of exploiting franchisees.
"Dazbog ... [charges] prices that are considerably higher than industry standards for products…