New Businesses In Colorado Have New Tools For Success
DENVER (CBS4)- A new state website is designed to be one-stop shopping for people who want to get their small businesses up and running.
MyBizColorado is designed to help cut red tape and expedite the process for start-ups. The new website was announced on Tuesday morning by Gov. John Hickenlooper and Secretary of State Wayne Williams.
"I know the challenges facing start-up businesses," said Hickenlooper in a statement. "By streamlining the state's processes, we can remove some of those hurdles. MyBizColorado is another reason Colorado is one of the best places to start and grow a new business."
The website is mobile-friendly and provides one place for small business owners to interact with multiple state agencies to overcome barriers and accelerate the process of getting a business started.
There is often a lot of confusion that people face when starting a business, such as filings not being completed or not knowing what licenses are needed.
By using MyBizColorado, entrepreneurs can register for sales tax license, register employees for wage withholding or unemployment insurance, find resources to help plan a new business and obtain professional licenses.
In Colorado, the Small Business Administration says our small businesses make up nearly half of the workforce. That's why Hickenlooper and Williams say making the process easier, can help to boost our economy.
"Over a million Coloradans make their living as an employee or an entrepreneur," Williams said. "So making it easier I think helps attract, helps get people to grow a business, establish it, and takes away that barrier."
Participating agencies and partners include the Department of Labor and Employment, Department of Revenue, Department of Regulatory Agencies, Governor's Office of Economic Development and International Trade, Governor's Office of Information Technology, Secretary of State's Office, the Statewide Internet Portal Authority, and Colorado Interactive.
By using MyBizColorado, you can –
- Register for a sales tax license
- Register employees for wage withholding
- Register employees for unemployment insurance
- Find resources to help plan a new business and obtain professional licenses.
The new system will specifically help emerging small businesses who don't have the resources or staff like larger companies.
MyBizColorado replaces a decade-old system, launched in 2007, called the Colorado Business Express.
Makenzie O'Keefe joined the CBS4 team as a reporter in 2017. Read her bio, connect with her on Facebook, follow her on Twitter at @makenziepokeefe or email her your story ideas.
