Community Resources

Research

 

Grand Junction Chamber www.gjchamber.org

 

Community Profile

1. Economics http://www.gjchamber.org/AboutGJ/economics.asp

a. Average Wage by Industry

b. Labor and Employment

C. Cost of Living

d. Employment by Industry

e. Construction

f. Real Estate

g. Major Employers

Median income $27,663 (Source Colorado Dept. of Local Affairs). Source for Mesa County Employment and Wage data: Colorado Dept. of Labor and Employment. Retail Sales source: Colorado Dept. of Revenue.

 

2. Demographics www.gjchamber.org/AboutGJ/demographics.asp

a. Household Incomes

b. Education

c. Homeownership

d. Population

e. Ethnic Diversity

Source note: Some demographic information is gathered only during Census years. Other information is estimated by the Colorado Division of Local Government (DLG). The DLG projects population by county for future years, but individual city data runs two years behind. This year's most current data for cities and households is 2000. 2005 data are projections.

 

3. Taxation www.gjchamber.org/AboutGJ/taxation.asp

a. Retail Sales by Industry

b. 2004 Sales Tax Revenue

Corporations are subject to the state income tax. The current corporate income tax is based on a flat rate of 4.75%. Corporations are required to file annual declarations of estimated tax if the anticipated tax liability exceeds $5,000.

All tangible personal property except prescriptions, groceries and residential energy are subject to retail sales taxes. Colorado sales tax is 2.9%, Mesa County Sales Tax is 2% and City of Grand Junction Sales Tax is 2.75%, making a total sales tax of 7.65%.

The Colorado personal income tax from employees' wages. The tax rate is a flat 4.63% of federal taxable income.

Employers must pay federal and state Unemployment Insurance. The federal tax rate is 6.2% with a credit to the employer of 5.4% if taxes have been paid to the state. This a net federal tax of .8% due on the first $7,000 paid to each employee. State taxes are paid on the first $10,000 wages (before deductions) paid to each employee during any calendar year. The tax rate varies from 1-6.22%. Rates in the construction industry are higher than service firms. For more information, contact the Unemployment Insurance Tax Audit Section, 222 South 6th Street, Grand Junction, CO 81501, or call 970-248-7343.

All employers in Colorado are required to have Workmen's Compensation insurance coverage for their employees if the have one or more persons engaged in the same business. The premium of Workmen's Compensation insurance coverage is based on units of $100 of payroll. The rate per $100 is based on the risk for the classification of workers employed. Employers have the option of obtaining increases from private insurers for a quasi-state entity.

Property taxes are based on three numbers. The first is the actual value of the property. That figure is multiplied by an assessment ratio (7.96% for residential and 29% for all other property). Mill levies are assessed according to the district in which the property is located. The average mill levy is 70.64 mills per $1,000 of assessed value.

 

4. Useful Resources www.gjchamber.org/AboutGJ/area_resources.asp

a. Community Links Hospital/Nursing Home/Fire Department/Law Enforcement

b. Labor Organizations

c. Utilities

 

Palisade Chamber of Commerce www.palisadecoc.com

1. General Demographics

a. Population

Palisade - 2,579 (and one Town Grouch)

Surrounding area - 4,500 approx.

Mesa County - 116,500

b. Income Tax

Colorado State income tax is flat 5% of gross income

Sales tax is 1% city, 2% county and 2.9% state

Palisade is 4,727' above sea level

c. Major Employers

 

Fruita Chamber of Commerce www.fruitachamber.org/commprofile.pdf

Community Profile

a. Demographic Snapshot

b. Labor Force/Employment

c. Major Employers

d. Major Economies

e. Sales Tax

f. Utilities

g. Transportation

Census 2000 Demographic Profile Highlights for Mesa County

General Characteristics

1. Total population

2. Median age

3. Race

4. Household size

5. Housing units

Social Characteristics

1. Population in age and educational level

2. Civilian veterans

Economic Characteristics

1. Labor Force

2. Median household income

3. Median family income

4. Per capita income

5. Families below poverty level

6. Individual below poverty level

Housing Characteristics

1. Single-family owner-occupied homes

2. Median value (dollars)

3. Median of selected monthly owner costs

Statistics of U.S. Businesses: 1998: Colorado – All Industries

(All industries Employment size of enterprise, All industries by Year, All industries by Sector)

1. Mining

2. Utilities

3. Construction

4. Manufacturing

5. Wholesale Trade

6. Retail Trade

7. Transportation & Warehousing

8. Information

9. Finance & Insurance

10. Real Estate & Rental /Leasing

11. Professional, Scientific & Technical Services

12. Management of Companies & Enterprises

13. Administrative, Support & Waste Management

14. Educational Services

15. Health Care & Social Assistance

16. Arts, Entertainment, & Recreation

17. Accommodation & Food Services

18. Other Services (except public administration)

19. Auxiliaries, exc. Corp., subsidiary, & regional managing offices

20. Industry not classified

21. Agriculture, Forestry, Fishing & Hunting

 

Doing Business with the State

http://www.colorado.gov/colorado-doing-business/do-business-with-state.html

Doing Business with the State

1. Learn how to do business with the state

2. Register to be eligible to bid on Colorado contracts

3. View bidding opportunities for most goods and services

4. See the calendar of events for vendors

5. View a list of people to contact in state purchasing offices

6. Link to purchasing pages of other government websites

Start a Business

1. Consult a guide for starting and operating a new business

2. Find out how to register your new business in Colorado

3. Register online with the state to pen your accounts for sales tax, wage withholding, unemployment insurance, and more

4. File business articles (articles of incorporation, articles of organizations)

5. Getting a business or corporate license

6. Getting a professional or occupational license

7. View forms you may need to start a business

8. U.S. Small Business Administration

Learn about Regulations and Laws that affect your Business

1. Learn about regulations to protect consumers

2. Search for bills proposed by the current legislature

3. Search Colorado Laws (Colorado Revised Statutes or CRS

4. Search for proposed rules (or amendments to rules)

5. Sign up to receive e-mail notices when proposed rules (or amendments to rules) are submitted

Grow and Protect your Business

1. Find advice and classes on financing, marketing, taxes, purchasing

2. Learn about Certification options for businesses owned by women or minorities

3. Find information and services for developing and financing businesses

4. Obtain a certificate of good standing

5. Locate resources for disaster-proofing your business

Get Licenses and Permits

1. Getting or renewing a business or corporate license

2. Getting or renewing a professional or occupational license

3. Find out about bingo and raffle licenses

4. Find out about liquor licenses and permits

5. Purchase electrical permits

6. Purchase plumbing permits

7. Renew your Colorado Real Estate or appraiser license

8. Renew professional licenses

9. Learn about and apply for truck and commercial vehicle permits

10. Register as a charity

11. Find out about environmental permits

  • Air pollution
  • Hazardous materials
  • Water quality
  • All environmental topics

File Business Records

1. File a UCC or EFS record

2. File business articles (articles of incorporation, articles of organizations)

3. File a business annual report (periodic report)

Taxes

1. Find business tax information and services

2. Take free classes on a variety of tax issues

3. Sign up to pay business taxes with electronic funds transfer (EFT)

4. Locate sales and use tax forms

5. Find retailers’ sales tax rates

6. Use the online customer support site for Colorado taxes

7. Learn about the unemployment insurance tax

8. File quarterly unemployment wage and tax reports

Information for Specific Industries

1. Agriculture

2. Boiler inspectors

3. Carnival and amusement operators

4. Energy management and conservation

5. Explosive users

6. Federal firearms licensees

7. Hazardous waste

8. Health facilities

9. Law

10. Mining

11. Oil safety

12. Passenger tramways

13. Public school construction

 

Colorado Department of Revenue’s Tax Information Web page for Businesses

www.revenue.state.co.us/TPS_Dir/wrap.asp?incl=businesses

What's New

E-Services for Business

Business Taxes

Additional Resources

 

 

 

 

 

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