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Local bankers say they are eager to make loans to small businesses. Trouble is, not many small businesses are asking. Continue Reading Banks shine a light on why small business lending lags

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Small businesses could be held legally responsible if customers use Wi-Fi internet access for illegal downloads. That’s the word from the National Federation of Independent Business, which noted that record labels and movie studios struck a deal this month to issue warnings to Internet providers whose accounts are used to steal content. Small businesses that… Continue Reading Business could be responsible for customers’ Wi-Fi use

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At the risk of sounding like alarmists, we hate business concentrations and want to help you take positive steps to avoid them. Concentrations are one of the greatest risks you can take in business because they cause havoc and destroy companies. Having a concentration is kind of like carrying a rattlesnake in your pocket —… Continue Reading Business owner beware rattlesnakes and concentrations

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Manitou’s parking solutions

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A three-story parking garage next to the Stagecoach Inn on the eastern end of Manitou Springs was one of the most popular ideas presented during a meeting about how to solve the city’s parking issues last week. The three-tier parking structure would cost an estimated $4.2 million to construct, would need $340,000 a year in… Continue Reading Manitou’s parking solutions

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The Colorado Division of Insurance has launched a new program to aid new businesses with insurance needs. The “Guide to Insurance for Small Business’ provides an overview to many types of insurance so business consumers can have all the information needed at their fingertips. “Growth in small businesses is a critical element to Colorado’s economic… Continue Reading Insurance division launches small business guide

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The number of Colorado small businesses providing health benefits to their employees in 2010 fell 10 percent from the year before, according to a report from the Colorado Division of Insurance. In the last decade, the number of Coloradans with health insurance from a small business employer dropped 50 percent from 537,996 in 2000 to 267,411… Continue Reading Number of small businesses offering health insurance drops 10%

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Tax breaks intended to energize economy

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Sitting down with your accountant isn’t always a cause for celebration, but small business owners have reason to be grateful for small mercies as they file their 2010 taxes. That’s because of the Small Business Jobs Act passed in September. The biggest temporary change is an increase in bonus depreciation for assets purchased from 50… Continue Reading Tax breaks intended to energize economy

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Nationwide, domestic manufacturing is growing at the fastest pace in seven years, and that could translate into jobs in Colorado Springs — especially at small businesses. The Institute for Supply Management reported that its index of manufacturing activity is at its highest level since 2004 — a big improvement from December 2008, when the index… Continue Reading After U.S. manufacturing spike, Springs seeks rebound

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Small business caught in tax battle

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Newly empowered Republicans say President Barack Obama would subject as much as half the nation’s small-business income to job-withering tax increases. Obama and his Democratic allies argue that allowing taxes to rise on the wealthiest Americans would affect only a handful of small business owners. Both can’t be right. And both are playing number games… Continue Reading Small business caught in tax battle

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New lending standards don’t lure small firms

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Banks loosened lending standards for small businesses over the past three months but demand for loans remained weak, the Federal Reserve said Monday. It marks the second time in nearly four years that banks have made loans easier for small businesses to obtain, according to the Fed’s new quarterly survey. The first breakthrough came in… Continue Reading New lending standards don’t lure small firms

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