Blog

Look Before You Lease

Tuesday, August 06, 2019
Do you plan to sign a lease without doing some research?  Not a good idea.  A common question at the SBDC:  I signed a lease, but I need to get out of the lease.  Can you help me?  The lease is a binding legal document.   So, we implore the new business owner, "Look Before You Lease!"  People tend to act on impulse, but YOU are a savvy business owner.  This workshop may be your ticket to finding the right location for YOUR business.

Learn about the tools available to determine the most appropriate location for the needs of the business, as well as the commercial and legal issues a business owner faces in leasing commercial property.  Hear from two commercial brokers, a business-real estate attorney, a retail specialist and a zoning expert.

You won't want to miss this informative workshop:
Thurs., Aug. 29th, 9AM - 12PM for just $25/person

Fee-based workshops are payable in advance via PayPal; see your registration confirmation for the link.
If paying at the door, bring exact cash or check payable to the SBDC host "City of Aurora".

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...