The Colorado Housing and Finance Authority says that an upcoming Internal Revenue Service ruling that will affect certain down payment programs will have no bearing on the CHFA down payment program.
The IRS is issuing a ruling that describes under what circumstances an organization that provides down payment assistance qualifies as a tax exempt charity. Federal regulations limit the sources of down payment assistance for FHA loans, and tax-exempt charities are one qualified provider. Continue Reading Business Briefs – 5/26/2006
RTA Architects has opened an office in downtown Pueblo at 625 S. Union Ave.
The firm has been providing architectural design services for medial, educational, religions, military, governmental, retail and commercial projects for 30 years. Continue Reading Business Briefs – 5/19/2006
Post offices in Colorado and Wyoming scored 96 percent in on-time delivery for First Class Mail during the first quarter of 2006.
It is the 11 straight quarter that the offices have scored 96 percent or above. The national average was 95 percent.
IBM’s Business Consulting Unit conducts the quarterly audits. Continue Reading Business Briefs – 5/12/2006
The City of Colorado Springs is seeking applicants to fill two vacancies on the City Investment Advisory Committee.
The Committee advises City Council and city staff about investment policies and procedures. Applicants should have a background in investment and finance. Continue Reading Business Briefs – 5/5/2006
The Office of Advocacy saved small business more than $6.6 billion during Fiscal Year 2005 by helping federal agencies implement the Regulatory Flexibility Act. The effort resulted in rules which met their regulatory goals and lessened the burden on small business compared with the original proposals..
The savings were outlined in the “Report on the Regulatory Flexibility Act, FY 2005.” Some of the highlights include:
An additional $966 million in annual recurring savings for small entities. Continue Reading Business Briefs – 4/28/2006
The City of Colorado Springs is seeking residents interested in serving on the Parks and Recreation Advisory Board and the Airport Advisory Commission.
The parks board serves as an advisory body to the city manager and City Council about parks and recreation resources and facilities with the city.
There are three vacancies: Continue Reading Business Briefs – 4/21/2006
Online filing of business organization documents has reached an all-time high, according the secretary of state’s office.
Business organization documents are filed electronically 98 percent of the time, according to the state. Because of online filing, the processing time for business documents has gone from days to minutes and business organizations can be formed online in real time.
For more information about the secretary of state’s business services, visit the “Business Center” at www.sos.state.co.us. Continue Reading Business Briefs – 4/14/2006
Colorado’s state courts are the eighth-fairest in the country according to a study released by the U.S. Chamber of Commerce.
The ranking is based on more than 1,400 corporate attorneys’ impressions of states’ litigation environments and shows an improvement from Colorado’s ranking of 13th the previous two years. This marks the first time since 2002 that Colorado has ranked in the top 10 fairest states in the chamber’s study. Continue Reading Business Briefs – 4/7/2006
The Greater Colorado Springs Economic Development Corp. presented its 2005 Economic Development Leadership awards last week.
Community Economic Impact Awards were given Barclays, for its decision to move to Colorado Springs, which will bring 450 employees and a $6.5 million investment; SkyWest, for its addition of 200 employees and a $20 million investment; and Intel for its commitment to invest $190 million in its local facility. Continue Reading Business Briefs – 3/31/2006
The U.S. Small Business Administration has released a request for information soliciting input about how the private sector can best support the delivery of the SBA’s Disaster Assistance program, within its current operational framework and/or within a guaranteed lending framework.
In the aftermath of a federally declared disaster, the SBA provides assistance to qualified homeowners, renters and business owners in the form of long-term low-interest loans. The magnitude of the 2005 hurricanes that devastated the Gulf Coast region caused more home and business owners to apply for SBA assistance than any previous disaster in the agency’s history.
In order to prepare for future disasters, and to ensure that the disaster program is operating at its highest potential, the SBA is seeking ideas and options for complementing the agency’s existing resources. All comments must be received by 5 p.m. EST on May 2. Continue Reading Business Briefs – 3/24/2006