Fees reduced to lure new business to Colorado

DENVER - New businesses will be getting some summer lovin' from the Colorado Secretary of State's office.

Secretary Scott Gessler announced Monday that filing fees for new companies will fall from $50 to $1 beginning July 1. The fee holiday will run through the summer and then be re-evaluated monthly, he said.

This reduction, which is similar to a 2012 fee holiday instituted by Gessler, came after the Legislature returned money taken from the Secretary of State's office in 2009 to balance the state budget during that year. House Bill 1341, which passed earlier this year, returned $2.175 million to the Secretary of State's office at the same time it is on track to come in under its 2013-14 budget and increase its reserves to more than $3 million.

"After a five-year, no interest loan, the Legislature did the right thing by returning this money," said Gessler, a Republican is running to be his party's gubernatorial nominee this year. "In turn, I'm reinvesting these dollars with our customers, back into the business community."

Read the entire article: http://www.bizjournals.com/denver/blog/capitol_business/2014/06/gessler-gives-new-colorado-businesses-a-holiday.html

(© 2014 American City Business Journals. All rights reserved.)


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