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Colorado - Tue. 08/13/24 |
A Free Business Publication from Alpine Bank
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UNIVERSITY OF COLORADO FINALIZES NEW DEAL FOR COACH PRIME FILMING
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The University of Colorado has finalized an agreement with Deion Sanders’ business manager Constance Schwartz-Morini, CEO of SMAC Entertainment, that spells out the terms for filming another season of the “Coach Prime” documentary series on the university’s Boulder campus. The contract was finalized in late July after Amazon Prime Video announced the renewal of the series in May. SMAC’s business clients include Sanders, Colorado’s football coach, and three players on his team − two-way star Travis Hunter and Sanders’ sons Shedeur and Shilo. The contract again includes no compensation for the university, which instead sees the publicity from the series as its own form of compensation. By contrast, Michigan received $2.25 million for access and licensing in relation to its behind-the-scenes show on Amazon for the 2017 season.
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NUMBER OF NEW COLORADO BUSINESSES DROPS 21.7 PERCENT
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A 21.7 percent dip in folks filing to start a business in Colorado during the second quarter was largely attributed to the end of a program more than a year ago that reduced filing fees to $1, according to the latest quarterly data from the Colorado Secretary of State’s Office. New business filings reached a second-quarter high last year at 54,940. The fee returned to $50 in June 2023 and now, one year later, filings dropped to 43,029 for the quarter. That’s still above prior years, including years before the pandemic. The new-business decline, however, coincided with a higher number of companies delinquent in renewals or filing proper documents. The number of delinquencies is up by almost 91,000 from a year ago. Overall though, the state has more companies in good standing to 963,373, up 17,500 from a year ago.
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ICONIC 'DOUBLE ARCH' FORMATION COLLAPSES AFTER MILLIONS OF YEARS
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After standing tall for an estimated 190 million years, an iconic arch at Utah's heavily trafficked Glen Canyon National Recreation Area has collapsed. The 'Double Arch' geologic feature was a frequently visited draw of the park, formed out of sandstone in the late Triassic to early Jurassic periods. The sand feature has since been subjected to spalling (breaking into smaller pieces) and erosion from weather, wind and rain. Contributing factors that ultimately led to the collapse of the arch are believed to be changing water levels and wave action. No one has been reported injured as a result of the collapse, but the event shows that the natural landscape is always changing, including in Colorado. Glen Canyon National Recreation Area includes an area around Lake Powell and lower Cataract Canyon, spanning 1,254,429 acres.
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MUDSLIDES CLOSE TWO MOUNTAIN PASSES IN COLORADO
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Telluride-area Black Bear Pass and Imogene Pass have been closed after multiple mudslides and flooding caused extensive damage in the area. Bridal Veil Road was also damaged. The local sheriff's office described the damage as severe, with some roads in the impacted area washed out completely. Closures are expected to be in place for at least this week, possibly longer. Traffic in and out of Telluride is still open. Crews are working to clear the roads in the impacted area of debris. Imogene Pass is known for its scenic views, connecting the Telluride area to Ouray. Meanwhile, Black Bear Pass is notoriously known as one of the most extreme passes to travel in the state, often sought out by Jeep-driving thrill-seekers.
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HABITAT OF THE SAN JUANS ACCEPTING APPLICATIONS FOR HOME-BUILDS
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Habitat for Humanity of the San Juans is accepting applications from prospective homeowners under its build program. Those selected will help build their own home alongside volunteers and pay an affordable mortgage to own the home. Applications are being accepted through Aug. 30. Those interested must pick up paperwork for completion at 1601 N. Townsend Ave., Montrose, from the Family Selection manager. Applications can be emailed upon request. Applicants must then make an appointment with the Family Selection manager to return the paperwork. For more information contact Whitney LaChapelle at 970-650-2509 or whitney@buildinglives.org.
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MOUNTAIN VILLAGE COMMUNITY CLEAN UP DAY: AUG. 17
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Mountain Village and the Green Team Committee hosts its annual Community Clean Up Day on Saturday, Aug. 17. This year’s Clean Up Day will be based out of Meadows Lot in the Meadows area. Volunteers are asked to arrive between 9 and 10 a.m. to register, pick up trash bags and receive designated areas of where to clean up trash. There will be coffee and donuts during registration. The clean-up itself will take place from 10 a.m. to noon. Participants will be provided with bags for trash and recycling, and gloves and are encouraged to wear long pants and comfortable shoes. After the clean-up, hang out in the Meadows from noon to 2 p.m. for a raffle and prizes for things like weirdest trash found and most trash collected. For more information, visit townofmountainvillage.com.
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REGION 9 RECEIVES STATE GRANT FOR BROADBAND DEVELOPMENT
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Region 9 Economic Development District of Southwest Colorado received close to $1 million in state funding to purchase and install broadband equipment across the region. The money, granted by the Colorado Dept. of Local Affairs, will go toward connecting five Southwest Colorado data centers into a statewide fiber network called the Alpine Loop. Data centers store computing machines and their related hardware equipment. The loop will branch from Denver to Grand Junction into Southwest Colorado and then out toward Walsenburg. The equipment will connect the five data center carrier neutral locations to the loop. The data centers will be located in Pagosa Springs, Bayfield, Durango, Mancos and Cortez. Rural areas of Southwest Colorado are the primary focus for Region 9 as residents and businesses in locations like the Montezuma-La Plata County border near Mancos have struggled to have reliable service.
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DURANGO ARTS REPERTORY PRESENTS “THE MYSTERY OF EDWIN DROOD”
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The Durango Arts Repertory Theatre presents “The Mystery of Edwin Drood” at the Durango Art Center, Aug. 16 through Sept. 1, 7:30 p.m. on Fridays and Saturdays, and 2 p.m. for Sunday matinees. Twenty-two local performers bring to life an unfinished Charles Dickins’ novel and the audience picks the ending! This fantastic musical will transport you back to the days of the Durango melodrama. Don't miss this one-of-a-kind show! For tickets or more information, visit the link below.
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BLM STARTS WILD HORSE REMOVAL IN SAND WASH BASIN THIS WEEK
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The U.S. Bureau of Land Management is starting a bait-trap removal operation for wild horses in Sand Wash Basin this week. The roundup will take up to 60 horses with plans to remove 45 of them from the range and return 15 mares after they undergo fertility control procedures. According to the BLM, there are currently an estimated 409 wild horses in Sand Wash Basin. The figure is based on an aerial survey in May. The federal agency has said “an appropriate management level” of horses would be between 163-362, and the bait-trap operation could extend to February. The BLM is also planning a wild horse roundup by helicopter in the Little Book Cliffs Wild Horse Range beginning Sept. 11.
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SURVEYING COLORADO'S TWO-BILLION-YEAR-OLD GEOLOGICAL HISTORY BY HELICOPTER
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Beginning in August, low-level helicopter flights are planned over broad swathes of northern Colorado to image geology using geophysical technology. The flights are slated to last up to three months, weather and wildfire restrictions permitting. Flights will cover portions of Boulder, Chafee, Clear Creek, Eagle, Gilpin, Grand, Jefferson, Lake, Larimer, Park and Summit counties. Initial flights will reportedly be based out of regional airports in Leadville and Longmont. Helicopters will fly along pre-planned flight paths relatively low to the ground at about 300 feet above the surface. The ground clearance will be increased to 1,000 feet overpopulated areas and will comply with FAA regulations.
The purpose is to expand the fundamental knowledge of geology beneath a broad series of historic mining districts known as the Colorado Mineral Belt. The belt hosts multiple types of mineral commodities, including critical minerals that are vital to the nation’s security and economy. The data will also address scientific questions about Colorado’s 2-billion-year-old geologic history and why multiple mineralizing events concentrated in one region over millions of years.
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EXPLORE 10 MUST-VISIT WINE REGIONS IN THE U.S. FOR A GRAPE GETAWAY
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Nearly every state in the U.S. grows grapes and with grapes come wine. With hundreds of wine-producing regions throughout the country to consider, a panel of experts has selected their top nominees. Then, readers voted for their favorites. Here are the 10 best wine regions across the country:
- Yakima Valley – Washington, revered for its role as a pioneer in the state's wine industry, is graced with over 300 days of sunshine a year, and is nestled between rolling hills and fertile lands, creating a stunning travel destination.
- Temecula Valley – California offers rural, agricultural roots enhanced by some of the state's finest wine, food and lodging offerings.
- Paso Robles – California offers everything from small batch tasting in the vineyard with tiny family wineries to some of the most breathtaking vistas with the capacity to welcome a crowd.
- Loudoun – Virginia stands out for its picturesque landscape and rich soil, fostering a variety of grapes that produce complex and elegant wines.
- Suisun Valley – California is gaining recognition for its quality wines at more accessible price points. The valley's warm days and cool nights are ideal for growing a variety of grapes.
- Santa Barbara County – California benefits from the cool, maritime influences of the Pacific Ocean, which create an extended growing season.
- Finger Lakes - New York is home to three distinct American Viticultural Areas: Finger Lakes, Seneca Lake, and Cayuga Lake. Visitors to the area will find more than 130 wineries.
- Willamette Valley – Oregon, home to 10 sub-appellations, is best known for producing some of the world’s most exceptional pinot noir. There are well over 700 wineries waiting to be explored in the state's oldest wine region.
- Sonoma Valley – California, one of the most important spots in North American winemaking history, is often touted as producing the best of the best bottles.
- Grand Valley – Colorado, with over two dozen wineries/vineyards calling Grand Valley AVA (American Viticultural Area) home, Colorado's wine country contains more than 25 percent of the state's wineries.
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MARKET UPDATE - 08/12/2024 Close
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(Courtesy of Alpine Bank Wealth Management*)
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Canadian dollar (per U.S. dollar)
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Mexican peso (per U.S. dollar)
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30-year fixed mortgage rate (Freddie Mac 08/08/2024)
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*Not FDIC insured. May lose value. Not guaranteed by the bank.
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Alpine Bank is an independent, employee-owned organization with headquarters in Glenwood Springs and banking offices across Colorado's Western Slope, mountains and Front Range. Alpine Bank serves customers with retail, business, wealth management*, mortgage and electronic banking services. Learn more at alpinebank.com.
*Alpine Bank Wealth Management services are not FDIC insured, may lose value and are not guaranteed by the bank.
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