Blog

Errors in Tax Cuts and Jobs Act of 2017

Friday, June 15, 2018

Two errors in the Tax Cuts and Jobs Act of 2017 have retailers and restaurant owners up in arms because they are inadvertently costing them money.  The bill was marred by typos and drafting errors, but passed in December.

One provision specifies that certain renovations to retail and restaurant space must be written off over a period of 39 years instead of one year. As a result, only 2.5% of the cost of renovation can be deducted in a single year, instead of all of it, as the law actually intended.

The other error imposes a retroactive tax increase on businesses that are losing money and already facing liquidity issues...

Read the full article here at www.bisnow.com...

Retail Stores -- A 2017 Prediction

Friday, January 26, 2018

Why the Wave of U.S. Store Closings Isn't Over Yet

Sales-per-square-foot data tells sobering story
Author: Andria Cheng (October 1, 2017)

Fung Global Retail & Technology calculated that the major department stores it looked at—Sears, JC Penney, Kohl’s, Macy’s and Nordstrom—collectively would need to shut more than 600 stores to return to their respective performance in 2011.
Read the eMarketer Retail article here...

Small Business Saturday at Stanley Marketplace

Wednesday, November 15, 2017

SBA and Mayors to tour Stanley Marketplace for Small Business Saturday
Padilla, Hogan and Hancock to join other community and business leaders to celebrate region’s small biz

Saturday, November 25th
VIP Tour:  9:30 - 10:30 AM
Shopping:  All Day
Stanley Marketplace
2501 Dallas St., Aurora  80010

Aurora Mayor Steve Hogan and Denver Mayor Michael Hancock will join Frances Padilla, Director of the Small Business Administration's Denver Office, other elected officials, and small business and chamber of commerce officials to tour small businesses at Stanley Marketplace in Aurora later this month for Small Business Saturday November 25th.

Consumers agree that small businesses are critical to the overall economic health of the U.S.  According to Reference USA, there are currently 29.6 million small businesses in the U.S., and these businesses are responsible for three-fifths of net new jobs over the past 20 years.  According to Reference USA, there are currently 15,088 verified businesses in Aurora, and 94% of the businesses in Aurora are small businesses with less than 250 employees.

Founded by American Express, Small Business Saturday is an annual shopping tradition dedicated to supporting small businesses and celebrating communities across the country. The stores will open early and stay open late to accommodate your shopping needs.

See Press Release here...

See announcement here...

Maria Empanada's Gets Nat'l Attention

Thursday, October 12, 2017

SBA recognizes Latino entrepreneurs during Hispanic Heritage Month

The Aurora-South Metro SBDC is so proud of Maria Empanada's success and recognition by SBA Administrator Linda McMahon during her recent tour of Stanley Marketplace in Aurora. Congratulations again to Lorena Cantarovici, who was honored by the U.S. Small Business Administration as Colorado’s 2017 Small Business Person of the Year!  Read the SBA blog here...

US Small Business Administrator Visits Stanley Marketplace

Friday, September 29, 2017

September 28, 2017 --

The U.S. Small Business Administrator, Linda McMahon, visited Stanley Marketplace in Aurora and spent time with a number of SBDC clients yesterday.    She began with a tour of the facility by the developer, Mark Shaker, owner of Flightline Ventures and co-owner of the Stanley Beer Hall.  She visited clients’ sites, held a business roundtable and gave media interviews. “We were honored to have the Administrator visit the City of Aurora and our SBDC clients located at Stanley Marketplace. 

SBDC clients involved in the Administrator’s visit included:
Mark Shaker, developer of Stanley Marketplace – gave tour of Stanley 
Annette Scratch to Table (restaurant) | Caroline Glover, Chef and Owner
Trunk Nouveau (gift boutique selling goods from local Colorado artists) | Stephanie Shearer, Owner
The Hangar at Stanley (event space) | Mark Shaker and Tim White, owners
Maria Empanada (restaurant) | Lorena Cantarovici, owner and 2017 SBA Colorado Small Business Person of the Year
Stanley Beer Hall (restaurant and bar) | Mark Shaker (on tour) and Tim White, owners

“Having a member of the cabinet, such as Administrator McMahon, was an honor for the City of Aurora and the Aurora-South Metro SBDC.  We appreciate her interest in small businesses in our area and their concerns in operating a small business,” said Marcia McGilley, executive director of the Aurora-South Metro SBDC.

A note about Stanley Marketplace:

Stanley Marketplace is a community of 50+ independently owned local Colorado businesses at 2501 Dallas Street in Aurora.  The original business, Stanley Aviation, sat by the site of  Denver airport's main runway. The doors of Stanley's event center, The Hangar at Stanley, open onto what used to be a smaller runway just for Bob Stanley and Stanley test planes.  Flightline Ventures developed the unused aviation building into what is an outstanding place to eat, drink, shop, exercise, play, work and more.  It all began with a couple of neighbors who wanted to open a small beer hall.  Their idea grew into something much larger for the community--under one fantastic roof.  As stated in the Stanifesto, "We're here for good."
A video is worth a thousand words:  http://stanleymarketplace.com/marketplace