This time last year 19 companies had made an initial public offering. Not one company has gone public since Facebook went public last month, and 14 companies have delayed or withdrawn their IPO plans, why is that? Additionally, there is not one public offering scheduled for this week, thanks mainly to the European debt crisis. Coloradoans might be wondering if Facebook's rather inauspicious start may be partly or perhaps entirely to blame for the recent drop in new IPOs.
For anyone who loves tennis, Louisville, Colorado, may be the next hot spot to play. If all of the transactions go through smoothly, sometime next year the city may be home to the state's largest tennis club. The business plan includes 25 indoor and outdoor tennis courts, six smaller courts for children, a clubhouse and a highly qualified team of professional coaches and trainers. The facility will be on a 13-plus acre parcel of land that the Rocky Mountain Tennis Center purchased last year. The site is located on the northeast corner of West Dillon Road and South 96th Street. Earlier in November, the city council gave its preliminary approval of the project. It is now hoped that final approval will come in the spring.
An idea can grow from nothing and blossom into a lucrative industry rich with promise. One such venture is now blooming in Colorado - Colorado Correctional Industries is launching a new enterprise designed to supply raw buffalo milk to a Denver-based food company. According to officials from Colorado Correctional Industries (CCI), the company recognized the need for water buffalo milk in mozzarella cheese production and set out to construct a business plan that would accommodate that need. CCI is a company that is staffed by inmates. Inmates will work for as much as $10 per hour at the newly established dairy.