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Denver Business Journal
Denver developer building $185M data center campus
A Denver-based developer of "hyperscale" data center campuses plans to add to central Ohio's cloud computing boom after recently raising $9.2 billion for global expansion.<\p> Vantage Data Centers, headquartered in Cherry Creek, plans a $185 million project at a new tech- and logistics-focused Silicon Heartland Innovation Park in New Albany, Ohio, according to One Columbus and the Ohio Department of Development. <\p>
Denver-area ski company to expand with help of snowboarder Shaun White
Snobahn, an Denver-area indoor training facility for action sports, has entered a partnership to expand the company to new markets with help from a big name in the professional sports world.<\p> On Monday, Unrivaled Sports announced it made a "strategic investment" in Snobahn, which currently has two locations in Colorado. Unrivaled Sports also announced an investment by Ares Management, which will enhance a team that includes five-time Olympian snowboarder Shaun White, who is a partner in the company’s "action sports" division.<\p>
Denver startup generates professional headshots
Jeremy Gustine is a 39-year-old software engineer — and until very recently, he's never had a professional headshot.<\p> Many people early in their career find themselves in a similar situation, especially given the price of hiring a photographer. That's why Gustine founded PhotoPacks.AI, a Denver-based digital service that allows users to submit 10 photos of themselves and receive a headshot developed by artificial intelligence for $9.99.<\p>
These jobs soared during the pandemic and are here to stay
Part-time job listings soared during the Covid-19 pandemic and have yet to recede — a potential sign that both workers and employers see benefits in the arrangements. <\p> Beginning in early 2022, the share of part-time jobs posted on job-search engine Indeed grew 10% before leveling off in 2023. <\p>
NAR settlement means 'summer of uncertainty' for real estate agents
Teresa King Kinney is no stranger to abrupt change in the real estate industry — and the National Association of Realtors' recent settlement is no exception.<\p> She’s been the CEO of the Miami Association of Realtors and its 60,000-plus agents since 1993. In that time, she's navigated several recessions, the Global Financial Crisis and the turbulent, unpredictable Covid-19 pandemic.<\p>
Denver company's nonalcoholic drinks to be sold at major music venues
Music lovers will soon have new beverage options at Fiddler's Green Amphitheatre, Mission Ballroom and The Ogden Theatre.<\p> Denver-based Grüvi signed a deal with AEG Venues, the company behind Coachella Valley Music & Arts Festival, to offer its nonalcoholic beer and wine at local venues.<\p>
Colorado company lands $977M for U.S. military satellite work
Lockheed Martin Space has won a contract change worth up to $977.6 million to fund work for the U.S. military developing advanced missile-launch detection satellites.<\p> The Jefferson County-based company has been designing and building three space vehicles for the Next-Generation Overhead Persistent Infrared Geosynchronous System under a contract originally written by the U.S. Air Force and worth as much as $8.2 billion.<\p>
Colorado's higher education enrollment is stabilizing
Higher education enrollment has stabilized following enrollment declines due to the COVID-19 pandemic according to the 2024 Legislative Council Staff forecast for the state public institutions of higher education.<\p> Public higher education institutions in Colorado have been struggling with declining enrollment for years. The pandemic and an inability to increase resident enrollment exacerbated these issues, but steadily increasing out-of-state enrollment expected to help reverse the negative trend.<\p>
University lands $20M to launch national quantum design facility
A national quantum technology facility will soon be built in Colorado.<\p> The University of Colorado Boulder, the state's largest college, received a $20 million grant from the U.S. National Science Foundation to open what it is calling the “quantum machine shop of the 21st century.” <\p>
Here's how July 4th travel looks for DIA's biggest airline
United Airlines expects the July 4th holiday travel period will be its busiest ever, with more than 5 million passengers booking flights with the dominant carrier at Denver International Airport — up more than 7% from last year.<\p> United Airlines Holdings (Nasdaq: UAL), which considers July 4th travel as occurring between June 28 to July 8, says it has seen strong demand by travelers this year. Memorial Day travel was up 5% from a year ago, the carrier said. United says it expects summer travel overall to rise 5% above 2023.<\p>
Major Denver employer seeks to develop workforce housing in downtown
One of the largest kidney care service providers in the U.S. is entering the housing market in Denver. <\p> Denver-based DaVita Inc. (Nasdaq: DAV) partnered with local real estate developers Goshen Development and Continuum Partners to develop workforce housing in northern downtown at 2000 Welton St. <\p>
The Playbook: The disconnect on vacation is getting better
Editor's Note: Welcome to The Playbook Edition, a look at stories, trends and changes that could affect your business and career. Want more stories like this in your inbox? Sign up for The Playbook newsletter. <\p> While many organizations have embraced hybrid work, there’s a chance it may not be the best option for certain groups of workers. <\p>
Meet DBJ's 2024 Lifetime Achievement Award winner
Every year, the Denver Business Journal honors women who are getting business done and helping their communities thrive.<\p> Earlier this week, we revealed the 26 winners of this year’s Outstanding Women in Business Awards.<\p>
Another brewery, dog park set to open in RiNo
Denver’s River North Art District is gaining traction among dog lovers and their four-legged friends, and will soon be home to two dog bar and park concepts. <\p> Skiptown, a North Carolina-based dog park, bar and boarding center, is slated to open its first Colorado location in RiNo at 3833 Steele St., Unit #1332, in York Street Yards in late summer.<\p>
IRS announces when payments on ERC claims will resume
The Internal Revenue Service plans to deny tens of thousands of improper Employee Retention Credit applications even as it promises to renew processing legitimate claims.<\p> The agency in an announcement this week said it had taken the time since its Sept. 14 moratorium on processing new ERC applications to analyze the more than 1 million ERC claims filed in 2023 — and found that between 60% and 70% showed an unacceptable level of risk.<\p>
Meet the winners of the DBJ's 2024 Leaders in Diversity awards
Diversity, equity and inclusion are not just features of a strong workplace and healthy culture — they play an important role in maintaining a workplace’s competitive advantage. <\p> In this time of rapid social change and uncertainty, it is more important than ever to recognize businesses and leaders who are effectively promoting authentic DEI in the workplace. <\p>
Wells Fargo cutting jobs in downtown Denver
Wells Fargo will lay off or reassign dozens of workers in downtown Denver in the coming weeks because it will no longer do certain back-office functions there.<\p> The San Francisco-based banking giant informed Colorado officials this week that about 80 Wells Fargo employees would be let go starting Aug. 1 or given the chance to relocate or find other jobs within the company.<\p>
Federal judge blocks new Colorado banking law
A federal judge has temporarily stopped Colorado from enacting a portion of a banking law capping interest rates that was set to take effect July 1.<\p> The state law, passed last year, prohibits chartered out-of-state banks from charging interest rates higher than 36%, which is the state's voter-approved rate cap.<\p>
What's next in the NAR commission lawsuit settlement?
Some big deadlines are on the horizon for the class-action lawsuits that swept the residential real estate industry over the past year. <\p> The conclusion of these lawsuits could bring about significant changes to how homes are bought and sold beginning in the later part of 2024.<\p>
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