The recently-released results of a survey involving more than 12,000 small business owners from around the country suggest that Colorado is one of the best states in the nation for small businesses.
While discrimination by employers with any amount of employees is illegal; until recently, the law in Colorado made a distinction between employers with fifteen or fewer employees. The previous law limited available remedies, even in cases of intentional discrimination, to those damages which "make the employee whole," namely earning back pay or getting their position back.
On November 6, 2012, Colorado voters passed Amendment 64 which allows for the recreational use of marijuana, thereby expanding the state's lax marijuana policies following the legalization of medical marijuana use in 2000. The newest Amendment, which was signed into law by Governor Hickenlooper on January 6, 2013, allows for adults over 21 to possess up to an ounce of marijuana and grow as many as six (6) plants in the privacy of their homes.
One of the most difficult challenges that people face when starting a business is securing the funds necessary to get it up and moving. Some people can rely on personal savings or a network of friends and family to invest in a startup company, but often times, this is insufficient. In general, it can be necessary for a company to get the funds from an investor who is willing to provide venture capital.
High-tech startup Prosperent is getting a lot of attention after a report earlier this month in the Colorado Springs Business Journal. The article stated the company was looking to move outside the Colorado Springs area in hopes of finding more programming talent that it needs to expand and grow the company. The article resulted in their phones ringing with a variety of inquiries, but it was two calls in particular that got the attention of the co-founders of the company. The first was a call from Colorado-based Access Venture Partners and the other was from the founder of Startup Colorado Springs, a member of the Peak Venture Group.
A University of Colorado at Boulder graduate is set to speak to local entrepreneurs about her experiences starting her Denver-based mobile marketing company called SpyderLynk. The young woman gave up a good job in order to launch her idea. Six years later she employs 14 people that work to develop and sell "SnapTags." SnapTags are customized codes that consumers with a camera in their smartphone can use to go to anywhere on the Internet. The idea came to the young entrepreneur when she was traveling. After seeing an advertisement in a magazine for something she wanted to purchase on the internet she did what she always did and folded the corner of the page back for later reference. That resulted in a pile of magazines and no way of conveniently storing the data for retrieval later. She would later look at this as a lost opportunity for the company and that's when she came up with the idea to start her own company. She did not think a company would want to put a bar code on an advertisement, but they would put their logo there. She came up with the idea of a circle around a logo that would have breaks in it that could create an optical link from print to online. Consumers could then capture that logo with the circle in their cellphone for later reference.
A southern hospital is drawing attention for its policies against hiring employees who have a body mass index of 35 or higher. After the story was brought to the attention of a local news program, one reporter decided to look into the matter of whether it was legal to discriminate against employees based on their weight. According to a recent Yale University study, workplace discrimination against overweight employees, especially female workers, is as common as discrimination based on race.
More than 250 minority applicants of Leprino Foods Inc. will receive part of a $550,000 settlement agreement between the Denver-based company and the United States Department of Labor. The DOL accused the company of systematic discriminatory hiring practices when it rejected 253 minority applicants. The agreement settles the DOL's allegations that the use of "WorkKeys," a pre-employment screening test, was discriminatory.
Think you have a great idea for a small business? Well the City of Denver is looking for applicants for its first ever JumpStart Biz Plan Awards coming this fall. The Denver Office of Economic Development announced the competition last week. It is designed to honor the best and brightest in small businesses by recognizing the top ten startups as well as business concepts in their early stages of business planning and development. The top prize is $50,000 in cash and business support services to help the lucky entrepreneur launch his or her brilliant idea.
A former deputy with the Douglas County Sheriff's Office has filed a lawsuit claiming employment discrimination when he was terminated in May of 2010. The lawsuit claims his termination was in violation of the Uniformed Services Employment and Reemployment Rights Act. His wrongful termination suit alleges Sheriff's Office supervisors made negative comments about the plaintiff's military service, including one comment from a supervisor that the plaintiff was letting his team down when he attended reserve duty.