Aurora Business Recognition Awards

Thursday, July 30, 2015
The City of Aurora's Business Recognition Awards Program was established in 2005 to acknowledge businesses in Aurora that contribute to the city's economic vitality. The selection committee also considers an Aurora business that demonstrates a commitment to sustainability, energy efficiency, renewable energy, waste diversion, water conservation, and/or social responsibility. Award-winning businesses will be honored at a celebratory event hosted by the City in December.

Pictured are members of the SBA Colorado District Office, including Ed Cadena, District Director (center) with 2014 award winner Beverly Hanstrom, President, Colorado Medical Waste.

Nominate an Aurora business today!
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Update on Overtime

Tuesday, July 14, 2015
President Obama’s made an important announcement on overtime. The Wage and Hour Division (WHD) of the U.S. Department of Labor has been working to update the rule that would extend overtime pay to nearly 5 million workers. The proposal would guarantee overtime pay to most salaried workers earning less than an estimated $50,440 next year.

This is incredibly important for workers who deserve a fair day’s pay for a hard day’s work — and it’s great for business owners who are already paying their employees what they deserve.

Following months of extensive consultations with employers, workers, unions, and other stakeholders, WHD developed a proposal that would:
  • Raise the threshold under which most salaried workers are guaranteed overtime to equal the 40th percentile of weekly earnings for full-time salaried workers. As proposed, this would raise the salary threshold from $455 a week ($23,660 a year) – below the poverty threshold for a family of four – to a projected level of $970 a week ($50,440 a year) in 2016.
  • Extend overtime pay and the minimum wage to nearly 5 million workers within the first year of its implementation, of which 56 percent are women and 53 percent have at least a college degree.
  • Provide greater clarity for millions more workers so they – and their employers – can determine more easily if they should be receiving overtime pay.
  • Prevent a future erosion of overtime and ensure greater predictability by automatically updating the salary threshold based on inflation or wage growth over time.
Later this week, President Obama will travel to Wisconsin to talk more about this important step forward toward empowering the middle class and rewarding hard work with a fair wage.

We look forward to continue working together to help American workers.

 U.S. Department of Labor

Colorado SBDC ADVANCED: Economic Gardening Program

Tuesday, June 16, 2015
SBDC ADVANCED is a new business development program administered by the Colorado SBDC Network. It is an economic gardening program, focused on helping our Colorado companies to grow by providing custom-fit market research and corporate-level tools that might otherwise be out of reach for small to mid-sized businesses. These businesses can then use this data to make informed strategic growth decisions.

The SBDC ADVANCED program is open to Colorado businesses at three levels: Gold, Silver, and Copper (see details below). Deliverables provided may include specialized reports in market research, geographic information systems (GIS), financial analysis, marketing and search engine optimization (SEO). The SBDC ADVANCED program taps into corporate-level tools, experienced consultants and their strategic plans.

Check out this new video highlighting a few of our Economic Gardening SBDC ADVANCED clients. See the video below for details on the Colorado small businesses that benefited from this program.

5 Best Credit Card Processors for Startups

Thursday, June 04, 2015

As an entrepreneur, you’ve got 100 things to check off your list before you can open for business. Among the most important, but often overlooked, is providing a means through which your customers can pay you. To assist you in your decision, here are five options that are particularly well suited to startups (article at Read more at »

LEADING EDGE Graduates - May 2015

Thursday, May 07, 2015
Colorado LEADING EDGE is noted for its goal-setting curriculum to have a fully-realized business plan by the end of the course. Of 20 attendees, 18 received Certificates of Graduation and two received Certificates of Participation (with full intention to complete the plan soon). The instructors, Nancy Barnett, who also wrote the curriculum, and Chuck Hahn, Aurora's Small Business Specialist, were diligent to meet in class and one-on-one with the students to help them with each component of the plan. After 12 weeks of intensive learning, graduation finally arrived -- May 6, 2015!

With a catered dinner and prizes awarded, it was a moment for celebration. Pictured below is the first-place winner for the best written business plan. The photo also includes the instructors and sponsors of the program, including Fitzsimons Credit Union, Visit Aurora and the City of Aurora.

The next LEADING EDGE for the Aurora–South Metro SBDC is slated for the fall. To register for one of two free informational sessions, click here.