NoCo Newsletter | July 9, 2020

REAL ESTATE & BUSINESS NEWS

• As Businesses Reopen, Many Americans Plan to Spend Less
  
• Polis orders bars, nightclubs to shutter again
  
• Fort Collins hotels face slashed occupancy rates, new protocols and unknowns amid coronavirus
  
• Shopping Center Rents Could Tumble as Retailers Exit
  
• Amazon Makes Three-Pronged Push Into Grocery Stores
  
• Macy's takes $3.2B coronavirus hit
  
• Microsoft's Store Closings Drive Home the Uniqueness of Apple's Retail Success
  
• PPP Loans: What You Need to Know About the Latest Changes
  
• Largest US Banks Face $48 Billion Commercial Real Estate Loan Loss, Fed Says
  
• July Rent Payments Hit 77.4 Percent
  
• Relocating City Renters Boost Suburban Apartment Recovery
  
• Apartment developers remain bullish on Denver even as the pandemic batters the economy
  
• Colorado Convention Center expansion, halted by scandal for 18 months, gets new contractor
  
• After a year of deliberation, the Hughes Stadium site is back at square one. Now what?
  
• Loveland-based company sees orders for its all-electric powertrains soar
  
• Caraway to leave CEO post at community foundation
  

ECONOMIC & EMPLOYMENT NEWS

• Record jobs gain of 4.8 million in June smashes expectations
  
• U.S. Unemployment Rate Fell to 11.1% in June
  
• Global GDP Tracker Signals Rebound, Now Comes Hard Part
  

GOVERNMENT & INFRASTRUCTURE

• Larimer County might ask voters to help stabilize property tax revenue
  
• Weld oil production plunges 57% from March to April amid double-whammy on energy
  
• Colorado oil, gas commission proposes fee hike to cover shortfall due to falling energy production
  
• Behind Oil’s Rise Is a Historic Drop in U.S. Crude Output
  

COMMUNITY & OTHER INDUSTRY NEWS

• NoCoRecovers.com: Your One Stop Shop for Recovery Information in Northern Colorado
  
• Greeley Business Resources
  
• Johnstown Small Business Micro Grant Program Is Open
• Northern Colorado COVID-19 Response Fund: Support Local Non-profits.
  
• Want to help your neighbors? Consider a donation for emergency rent assistance