Everyone in Colorado knows why people from other states continue to move here. The area is an outdoor enthusiast’s dream, with lots of hiking and biking trails, places to mountain climb or boulder, many areas for water sports, camping and fishing. But how did Colorado become one of the major outdoor industry hubs in the […]
Small mountain towns in Colorado are increasingly home to incubating manufacturing startups in the outdoor industry, and none seems to be doing a better job of it than Steamboat Springs. While famous for being the home to more Winter Olympics athletes than any other in the nation, it also is home to an incredible assortment […]
We all have reasons — sometimes leaking into rationalization — for being where we are. But whether it’s love, location or incredible luck or lucidity, here are some of our favorite reasons for outdoor manufacturers to be where they are in Colorado — which, of course is always a good place to continue to be, […]
The outdoor industry accounts for $646 billion in retail sales and services, $80 billion in federal, state and local tax revenues and 6.1 million American jobs, according to the Boulder-based Outdoor Industry Association. The industry shows no sign of a slowdown. Colorado established itself as a major outdoor-industry hub in the aftermath of World War […]
- Denver ice cream favorite expanding to Fort Collins, Stapleton
DENVER — LoHi ice cream icon Little Man Ice Cream is planning stores in Stapleton and Fort Collins, ten years after the milk jug-shaped kiosk was first opened at West 30th Avenue and Tejon Street. BusinessDen reports that a 22-foot tall kiosk in the shape of a hand-churned ice cream bucket will be the anchor tenant at The Exchange in Fort Collins. Meanwhile, an airplane wing replica will be the kiosk at Eastbridge Town Center plaza in Stapleton. That new store is expected to open this fall. The two new shops will be Little Man’s fourth and fifth, with more on the way. A new bakery and ice cream facility is expected to open on West Colfax Avenue by the end of the summer, and the store is negotiating a lease in Park Hill.
- Two major downtown Fort Collins stores may sit empty this year
FORT COLLINS — Two downtown Fort Collins stores that closed in the last year are expected to be difficult to fill, and may not do so until 2018, the Coloradoan reports. The Safeway and Sports Authority across from each other on College Avenue and on the northeast and northwest corners of Mulberry Street are two large closures with no grocer or retailer to fill them. While it’s looking more likely that the Sports Authority space could have a tenant by 2018, the large Safeway will be difficult to fill before next year.
- Chairman of JBS USA parent company admits illegal payments
The chairman of JBS SA, the Brazillian meatpacking company that’s parent to Greeley-based JBS USA, has admitted to making millions of dollars of illegal payments to the president of Brazil and two former presidents. The Denver Business Journal reports that Joesley Batista admitted to the payments in documents released by the Brazillian Supreme Court. Over several years, Batista admitted to paying $2.2 million to Brazillian president Michel Temer, $30 million to ousted president Dilma Rousseff and $50 million toRousseff’ss predecessor Luiz Inacio Lula de Silva. According to Batista, the payments to Rousseff were in exchange for loans from the state development bank to a company run by a Batista family holding company.
- Are You Tax Efficient? The Time to Plan is Now.
Summer is within reach; school is almost out and many people are thinking about vacations and warmer weather. With a third of the year behind us, first quarter earnings in the bank and taxes filed (or extended), tax planning is the last thing on many peoples’ minds. The common misconception is that tax planning occurs in November or December, or at least later in the year. If that is your plan, you are potentially missing opportunities to make sure you are as tax efficient as possible. When should tax planning begin? In order to achieve maximum benefits, tax planning should begin proactively early in the year and be a continuous process. Ideally, you should have already had a meeting with your tax advisor to discuss how your 2017 budget/projection and net income will compare to prior years. We suggest you meet at least 2-3 times with your tax advisor throughout the year to develop a plan and adjust as additional financial information is available. The new administration will likely bring tax law changes and while we don’t know exactly what these changes will be or even whether they will be implemented for 2017, you need to be prepared. For business owners, it is important that you have a budget/projection and up-to-date financial information so accurate information can be used for planning. If you are behind, you need to develop a plan to get caught up immediately. You will also want to revisit your budget to determine if any adjustments need to be made. This will assist with determining what net income will look like for the remainder of the year. Don’t forget to consider major fluctuations in revenue and major expenses that you may incur, such as fixed asset purchases, or other items that would have a substantial impact on net income for the year. Your CPA is should also serve as a valuable part of your business advisory team. Consult them prior to making major business decisions to discuss considerations of all tax implications and ensure tax treatment of business decisions are properly set up from the beginning. For individuals, you should consider how the current year differs from the prior year. Is income higher or lower? What about changes to deductions? Did you make estimated tax payments? Should you consider adjusting withholdings for the remainder of the year? Did you have any other changes that will impact current year taxes? Are you as tax efficient as possible? If you can’t answer this question with a definite “Yes”, it is time to set a meeting. Remember, that tax planning should happen proactively as opposed to reactively. I would be happy to discuss any issues you may be facing or to review your current tax situation. You can reach me at 970.352.1700 or email@example.com.
- Ryan Sanger
Ryan Sanger from ACM
- American Pickers TV show looking for leads in Colorado
Mike Wolfe, Frank Fritz and their team plan to film episodes of the hit TV series American Pickers in Colorado this July, and they are looking for leads. The show is a documentary series on the History channel that explores the world of antique “picking.” The show follows Mike and Frank, two skilled pickers, as they hunt for America’s most-valuable antiques. They are always excited to find sizeable, unique collections and learn the interesting stories behind them. The pickers are on a mission to recycle and rescue forgotten relics. Along the way, they want to meet characters with remarkable and exceptional items. The pair hopes to give historically significant objects a new lease on life, while learning a thing or two about America’s past along the way. The show is looking for leads. If you or someone you know has a large, private collection or accumulation of antiques that the pickers can spend the better part of the day looking through, send your name, phone number, location and description of the collection with photos to firstname.lastname@example.org or call 855-OLD-RUST.
- Boulder tech firm brings Big Data into the trucking industry
BOULDER — Technology is seeping into and changing how we operate nearly every industry — retail, health care, finance — but there is at least one industry that is still nearly untouched by today’s technology. Logistics. The influence of the Internet of Things and big data on supply chain and shipping has been limited, but Boulder-based 10-4 Systems is trying to change that. In their panel “How Beer Gets Shipped” at Boulder Startup Week, 10-4 CEO Travis Rhyan shared how technology could vastly improve the shipping industry, using their customer Anheuser-Busch as an example. There’s plenty of opportunity in trucking, Rhyan said, as the industry still operates on freight brokers and fax machines. He likened it to using a travel agent when the rest of the world moved past that, past Orbitz and Expedia to Airbnb. Or using checks when everyone else moved beyond that and beyond Paypal to using Venmo for financial transactions. “In trucking,” he said, “there are so many problems, and we all know what they are. But there is no Venmo for trucking.” Part of the issue is that most of the technology investment has been in developing applications on how to run things in trucking rather than tackling how information is dispersed. That’s resulted in an industry where, unless you’re a major firm, like the measly 200 companies that have a fleet of more than 1,000 trucks, you’re using cell-phone triangulation rather than GPS or any real-time data to track shipments. There are about 80,000 trucking companies that use old tech or no technology to track their shipments, trucks and drivers. There are significant problems with this, Rhyan said. If a customer orders a $50 Lego set, they will know exactly when it will be ordered, sometimes even where it is in the country as it makes its way from manufacturer to distribution center to the consumer. But in most cases, that $50 Lego set is part of $1 million worth of Lego products on a truck and, usually, Lego and the carrier have no idea where on the map that $1 million is. That exact problem is what 10-4 is trying to solve, by pulling in data from applications to track trucks and shipments in real-time. They’re also bringing in other data, such as what temperature goods are being kept at or where products are coming from. And it’s how Anheuser-Busch became a customer of 10-4. When the Denver Broncos won the Super Bowl, Peyton Manning said he was going to drink a Bud. That resulted in a surge of sales. But, because they weren’t utilizing big data, wholesalers would have to jump through hoops calling Anheuser-Busch which in turn would have to contact their breweries, who would contact the trucking company, who would contact the driver — to see where their orders were and when they would be delivered. In some cases, the wrong product would be on the truck. “We’re providing the customer with data and intelligence,” Rhyan said. “We’re finally making visibility in the supply […]