An index forecasting economic performance in the United States continues to rise, signaling what’s expected to be more rapid growth in the months ahead. The Conference Board Leading Economic Index rose another half of a percent to 101.7 in May. The latest monthly gain was the fourth in a row and brings the proportional increase […]
Mesa County will receive nearly $3.4 million as payment in lieu of taxes on more than 1.5 million acres of federal property in the county. The payment is the largest to any Colorado county for the 2014 fiscal year and accounts for nearly 10 percent of the more than $34.5 million in so-called PILT payments […]
The largest medical center and largest group of doctors in the region have announced plans to establish a network to offer more integrated health care. The goal of creating what’s called a clinically integrated network (CIN) involving St. Mary’s Hospital and Regional Medical Center and Primary Care Partners is to provide better care at a […]
A measure of hotel and motel stays continues to reflect increased business for the hospitality sector in the Grand Valley. According to a Grand Junction Visitor & Convention Bureau report for May, $98,401 in lodging taxes were collected. That’s a 6.4 percent increase over the $92,453 in collections reported for the same month last year. […]
Phil Castle, The Business Times Year-over-year gains in sales tax collections in the Grand Valley continue to reflect increased retail activity as well as offer the promise of improving economic conditions. “I think we’re turning in the right direction,” said Elizabeth Tice-Janda, revenue supervisor for the City of Grand Junction. Frank Whidden, deputy administrator for […]
The term “basis” constitutes a critical concept in income tax law, yet one that’s difficult to grasp. Add to that what’s known as the step up in basis that results at death. Let’s explore this issue in the context of two hypothetical clients I call Bill and Carole. Carole told me she and Bill had […]
A company that opened a brewery and restaurant in Grand Junction will receive a rebate on business personal property taxes it otherwise would pay to Mesa County. The Mesa County Commissioners approved an agreement with Rosco’s, which operates the Edgewater Brewery and Edgewater Tap & Grill. The agreement covers 10 years and will result in […]
Kelly Sloan,The Business Times Colorado Gov. John Hickenlooper has signed into law measures allowing remote testimony at legislative hearings and purchasing land for a shooting complex. Hickenlooper signed the measures during a ceremony at the Grand Junction Area Chamber of Commerce, a first for the business organization. House Bill 1303 allows legislative committees to take […]
Kelly Sloan, The Business Times A California-based company has joined with a Delta manufacturer to produce a new system to treat water used in oil and natural gas production. Origin Oil demonstrated what’s branded as the CLEAN-FRAC 1000 system at Industrial Systems Inc. (ISI) in Delta. The system is designed to treat up to 1,000 barrels […]
Phil Castle, The Business Times A federal plan to reduce carbon emissions from power plants has drawn fierce criticism from mining and business groups fearful the new rules could cost jobs and hurt the economy. Others have praised the proposal, though, for addressing what’s considered the single largest source in the United States of so-called greenhouse […]