Secretary Gessler releases first Quarterly Economic and Business Indicators Report

The Secretary of State’s Office is launching a new service for Colorado’s businesses. For the first time ever, we’re using our business data to produce economic forecasts.

My office runs Colorado’s central business registry. That means we sit on an ocean of business data—information like new business start-ups, trademarks, and dissolved businesses. No one has ever before analyzed this information.

But starting now, that’s changed. With help from the Business Research Division at the University of Colorado, we are publishing our first quarterly report to give public policy and business leaders better insight into Colorado’s economic trends.

First, we reached out to the Business Research Division, which is part of the Leeds School of Business at The University of Colorado. It provides high quality economic and fiscal analysis, market research, and customized research projects. The Business Research Division is a trusted source of information in Colorado, so it was an obvious partner.

Second, we compared our business filings with other types of economic data, to see whether we could predict any economic trends. As a result, we found a correlation with employment. For example, when business filings increase, more employment usually follows.

Now, these findings will be published quarterly—at no charge. This information is one more tool business leaders can use when making important decisions, like hiring new employees.

I'm pleased to announce our first report indicates job growth for 2012 in Colorado.

Click HERE to view the full report for the first quarter of 2012.

If this email was forwarded to you, click HERE to sign up to automatically receive the report each quarter going forward.