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☆ Three booming businesses that make Denver stand out
▼ + stars: | 2024-04-08 | by ( Chris Dilella | ) www.cnbc.com time to read: +4 min

Two cities in Colorado are experiencing tech-fueled economic booms, with Denver's skyline transforming and Boulder's gross domestic product surging. However, the influx of people and businesses has brought challenges like a growing homeless population, affordability issues and infrastructure strain. A recent report shows a 24% drop in Denver's cannabis revenue compared with 2021. Major league moneymakersCameron Fleming #73 of the Denver Broncos runs onto the field before a game against the Kansas City Chiefs at Empower Field at Mile High on January 8, 2022 in Denver, Colorado. A stage for economic successA concert at Red Rocks Park and Amphitheatre outside Denver.

Persons: Amy Sparwasser, Matthew Staver, Jared Polis, Polis, Mike Johnston, moneymakers Cameron Fleming, Dustin Bradford, Deion Sanders, Prime's, John P Kelly Organizations: Denver &, Bloomberg, Getty, CNBC, Denver Department of Excise, Licenses, trailblazer, Industry, State Planning, Denver, Denver Broncos, Kansas City Chiefs, Broncos, Nuggets, Rockies, Avalanche, Analysts, University of Colorado Boulder's, NFL, University of Colorado, Boulder, Rocks Locations: Denver, CNBC's, Colorado, Success, Denver & Boulder, Denver , Colorado, Chicago , New York, Los Angeles, University of Colorado Boulder

☆ Big Burden of Migrant Influx Strains Denver
▼ + stars: | 2024-02-12 | by ( Miriam Jordan | ) www.nytimes.com time to read: +1 min

In his first six months in office last summer, the mayor of Denver, Mike Johnston, managed to get more than 1,200 homeless people off the streets and into housing. That seemed like a fitting feat for a city that prides itself on its compassion. And the city has begun to feel the same sort of strains that have confronted New York and Chicago as they contended with their own migrant influxes. Denver, the state capital and the center of a sprawling metropolitan area of more than 3 million people, has spent more than $42 million on the migrants. If expenditures continue at the current pace of $3.5 million a week, the crisis could cost the city about $180 million in 2024, or 10 percent or more of its annual budget.

Persons: Mike Johnston, Greg Abbott of Organizations: Gov Locations: Denver, Greg Abbott of Texas, New York, Chicago, . Denver

☆ Denver's Basic Income Project has been so successful it's getting more funding and an extension
▼ + stars: | 2024-01-25 | by ( Kenneth Niemeyer | Noah Sheidlower | ) www.businessinsider.com time to read: +4 min

The Denver Basic Income Project just got an extension and more funding. The Denver Basic Income Project, which now provides monthly payments to 800 of the city's lowest-income households, announced it is extending its runtime for another six months. Many cities around the United States are experimenting with basic income projects to alleviate homelessness and support their most vulnerable residents. AdvertisementBut while basic income plans have largely shown success, not everyone is in favor of them, and many programs have drawn the ire of conservative lawmakers. "I am proud to endorse the Denver Basic Income Project and its vital role in our ongoing efforts to address homelessness and improve the lives of our residents."

Persons: it's, —, Mark Donovan, Donovan, Dia Broncucia, Justin Searls, Tonaeya Moore, Mike Johnston, Johnson Organizations: Service, Income, Colorado Trust, Center for Housing, Homelessness Research, University of Denver, Baltimore Young, Denver Locations: Denver, United States, Baltimore, Texas, Harris County, Houston, Iowa

But the deal is already wobbling, as House Speaker Mike Johnson faces intense pressure from Trump and his House allies to demand more sweeping concessions from Democrats and the White House. “I do not think we should do a Border Deal, at all, unless we get EVERYTHING needed to shut down the INVASION of Millions & Millions of people,” Trump posted on social media this week. During Iowa's Republican caucuses last week, which Trump won, immigration was a top issue. They argue that the changes would actually pave the way for Trump to implement his border agenda if he wins the election. Even beyond Trump, Johnson is dealing with far-right House members who are furious over his willingness to work with Democrats to pass legislation.

Persons: Donald Trump, Mike Johnson, “, ” Trump, It's, Trump, Joe Biden, ”, Greg Abbott’s, “ It’s, Sen, Michael Bennet, “ I’m, ” Bennet, Denver Mayor Mike Johnston, we’ve, Joaquin Castro, Mitch McConnell, He's, Biden's, Oklahoma Sen, James Lankford, Lankford, Johnson, “ We’re, ” Johnson, Marjorie Taylor Greene, Greene, Biden, I’ve, Republican that’s, Jim Himes, Conn, We've, ” Himes, Lisa Mascaro Organizations: WASHINGTON, Trump, White, Republicans, Democratic, Russia, Republican, AP, Texas Gov, Colorado Democrat, Denver Mayor, Texas Democrat, U.S, Oklahoma, Republican Party, Associated Locations: Ukraine, U.S, Mexico, Colorado, United States, Texas, Israel, Trump, Iowa

WASHINGTON (AP) — Biden administration officials hosted big city mayors at the White House on Thursday to discuss how to manage a growing number of migrants, one day after those leaders sent a letter asking for more federal help. Denver Mayor Mike Johnston and Chicago Mayor Brandon Johnson met with White House chief of staff Jeff Zients and Homeland Security Department officials before heading to Capitol Hill for meetings with lawmakers. If they could work, the cities would require less federal aid to help house them. “I think they seem receptive,” Johnston said of federal officials. It's unclear whether House Republicans will fund any of Biden's request for help for the cities.

Persons: — Biden, Mike Johnston, Chicago Mayor Brandon Johnson, Jeff Zients, “, ”, Johnston, Joe Biden, Karen Bass, Sylvester Turner, Houston, Eric Adams, Adams, Biden, ” Johnston, Karine Jean, Pierre, “ We're Organizations: WASHINGTON, White, Denver, Chicago Mayor, White House, Homeland Security Department, Capitol Hill, Democratic, Adams, Republicans Locations: Los Angeles, New York, Washington, United States

In Denver, the number of migrants arriving has increased tenfold and available space to shelter them has withered. With fewer available work authorizations, these migrants cannot find work that would allow them to get into proper housing. Denver Mayor Mike Johnston, who is leading the coalition, said nearly every conversation he has had with arriving migrants is the same: Can he help them find a job, they ask. He is increasingly under fire from members of his own party who are managing the growing number of migrants in their cities. “Our cities need additional resources that far exceed the amount proposed in order to properly care for the asylum seekers entering our communities," the mayors' letter says.

Persons: Joe Biden, Mike Johnston, ” Johnston, Biden, Johnston, Eric Adams, Karen Bass, Brandon Johnson, Chicago, Sylvester Turner, Houston Organizations: WASHINGTON, Democratic, The Associated Press, Denver, Republicans, Republican Locations: Chicago, Denver, Houston, Los Angeles and New York, In New York, U.S, Mexico, United States, New York, “, Los Angeles

☆ Lotus launches electric GT model as mass expansion plan rolls on
▼ + stars: | 2023-09-07 | by ( Nick Carey | ) www.reuters.com time to read: +2 min

[1/4] British sports car maker Lotus unveils its new fully-electric “hypercar” in New York City, U.S., September 7, 2023. Johnstone said with Emeya, Lotus is targeting people "looking for something different in an electrified GT-style sports car." Since its founding in 1948, Lotus typically made 5,000 cars a year, but funded by Geely and Etika, the company has planned a massive expansion. Lotus Technology, which includes Lotus Cars, is also due to go public this year via a merger with special purpose acquisition company L Catterton Asia Acquisition Corp (LCAA.O). Geely also plans to turn the London Electric Vehicle Company, which makes iconic black taxis, into a high-volume, all-electric brand.

Persons: Caitlin Ochs, Mike Johnstone, Johnstone, Emeya, Geely, Nick Carey, Susan Fenton Organizations: Lotus, REUTERS, HK, Automotive, Reuters, Geely, Lotus Technology, Asia, Corp, Volvo, London Electric Vehicle Company, Thomson Locations: British, New York City, U.S, New York, Wuhan, China, Tesla

☆ Denver Voters Elect Mike Johnston Mayor as City Grapples with Homelessness
▼ + stars: | 2023-06-07 | by ( Dan Frosch | ) www.wsj.com time to read: 1 min

This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/articles/denver-voters-elect-mike-johnston-mayor-as-city-grapples-with-homelessness-fe672e9f

Persons: Dow Jones, johnston Locations: denver

☆ Mike Johnston Declares Victory in Denver’s Mayoral Election
▼ + stars: | 2023-06-07 | by ( Jacey Fortin | ) www.nytimes.com time to read: +1 min

Mike Johnston, a former Colorado state senator buoyed by millions of dollars in outside spending, declared victory on Tuesday night in Denver’s mayoral election, beating out a candidate who had been vying to become the first woman to hold the office. As of 10 p.m., Mr. Johnston had pulled ahead with about 54 percent of the vote in the runoff contest, which is nonpartisan though both candidates are Democrats. His opponent, Kelly Brough, a former head of the Denver Metro Chamber of Commerce, had about 46 percent. But Mr. Johnston continued to hold a steady lead throughout the evening after polls closed. “We can build a city that is big enough keep all of us safe, to house all of us, to support all of us,” Mr. Johnston said in a victory speech on Tuesday night.

Persons: Mike Johnston, Johnston, Kelly Brough, Brough, ” Mr, ” Organizations: Denver Metro Chamber of Commerce Locations: Colorado, Denver’s, Denver

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