Governor Polis Visits Colorado Springs Coffee Shop on State Tour | Business


A Colorado Springs cafe was among Gov. Jared Polis’ stops on Friday during a tour highlighting the state’s economic relief efforts throughout the pandemic.

Polis has stopped at various businesses and organizations in Colorado Springs, Pueblo, and Trinidad, including Loyal Coffee, a Springs coffee business run and owned by six of the store’s baristas.

Polis met with one of the store’s owners, Eric Nicol, to discuss the impact relief efforts such as tax cuts, grants and loans have had on the store.

“Any excess money has been extremely helpful in retaining employees as much as possible, paying the rent, a lot of different things like that,” said Nicol. “The tax break … has been very helpful.”

For three months over the summer, restaurants and bars retained their share of state sales tax. This has brought $ 40 million to $ 50 million in sales tax relief to small restaurants and bars in the state, the Polis administration said.

The tax stay, along with various small business loans and grants, helped Loyal Coffee out of the hardships that began when the pandemic – and the resulting restrictions to slow the virus – struck in 2020. D ‘ By the summer of 2021, Loyal Coffee exceeded its 2019 sales.

“Loyal is about collaboration and community and we love the Springs and love this community and want to continue to see it grow,” said Nicol. “So we’re delighted that he feels like this is developing right now.”

Despite the increase in sales, Loyal, like many other restaurants and industries, has struggled to hire employees. The coffee company managed to survive the pandemic without laying off employees, but because the store experienced “normal” sales, it tried to “catch up” with training and hiring at the store. over the past six months.

“There are pressures in the job market, which is good for workers, (but) hard for companies sometimes to fill all the openings they have,” Polis said.

Polis stopped by Another Life Foundation in Colorado Springs earlier today to discuss a new child tax credit designed to save families money. His planned tour also included the 23-acre Colorado State University solar panel in Pueblo, to promote its goal of 100% renewable energy by 2040, and the Fox West Theater in Trinidad, to advocate for revitalization. from the community.

“A lot of small businesses are doing even better than they were before the pandemic,” Polis said. “It’s really about restoring consumer confidence.”


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