Colorado Secretary of State
|STATE OF COLORADO
Department of State
Denver, CO 80290
Secretary of State
Deputy Secretary of State
|FOR IMMEDIATE RELEASE
February 13, 2013
Gessler releases fourth quarter economic indicators report
Forecast predicts "employment growth continuing well into 2013"
Denver, Colorado - Colorado Secretary of State Scott Gessler today released the Quarterly Business and Economic Indicators Report for the fourth quarter of
2012 (PDF). The report predicts sustained employment growth continuing well into
"Business filings increased again in the last part of 2012," Secretary
Gessler said. "This bodes well for Colorado’s continued economic improvement,
including continued employment growth."
This quarterly report completes the first year of reports released by the
Secretary of State’s Office. The report is based on an analysis that found a
strong correlation between new entity filings and total nonfarm employment. The
forecast predicts year-over-year employment growth into 2013. Fourth quarter
figures showed new entity filings increased compared to the previous quarter
and the previous year with the highest number of fourth quarter new entity
filings on record. Existing entity renewals were up compared to the prior year,
but down compared to the prior quarter. Today’s release covers filing data from
October through December.
The Quarterly Business and Economic Indicators
report is published by the Business Research Division at the Leeds School of
Business, University of Colorado Boulder, using data from the Secretary of
State’s central business registry. Following the close of the quarter, the data
is analyzed and the report prepared over the next month. The report is released
the second Wednesday of the following month. The report covering first quarter
2013 will be released on April 10, 2013.
Sign up to receive the report by email.
Read all of the quarterly reports.
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