logo
Colorado city pays for security upgrades to some businesses along West Colfax Avenue

Colorado city pays for security upgrades to some businesses along West Colfax Avenue

CBS News5 days ago
The City of Lakewood is paying for security upgrades to businesses along West Colfax Avenue. Business owners can apply for grants up to $5,000 as part of their West Colfax Security Enhancement pilot program
Bobby Lee Black runs world world-famous Cobra Club Tattoo and piercing in the project area.
"Here on Colfax... there's trouble from time to time, and it's best to have some security, and a lot of us small business owners can't afford to get the necessary security we need," Black said.
Security changes that weren't in their budget are now back on the table, thanks to the grant program, he said.
"We had heard about increased safety concerns from the businesses in the area, so this is one of the city's responses," said Karolina Brzozka, Economic Development Specialist with the City of Lakewood.
She says businesses that fall into the project area are eligible for $5,000 up front to help pay for projects that will improve the security of the property.
"Really anything that improves the safety and security of the business, anything from security cameras, security systems all the way to fencing and gates and lights and motion detectors," Brzozka said.
Lakewood businesses like the Cobra Club Tattoo shop hope more of their neighbors take advantage.
"The more people getting on board with the program, the more secure Colfax will become for our business owners," Black said, "It would be another level of security for us and another level of comfort."
The deadline to apply for security is July 31.
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Pastor Indicted For Cryptocurrency Scam He Claims God Told Him To Do
Pastor Indicted For Cryptocurrency Scam He Claims God Told Him To Do

Forbes

timean hour ago

  • Forbes

Pastor Indicted For Cryptocurrency Scam He Claims God Told Him To Do

Affinity fraud is the name of the type of fraud where people put undeserved trust in someone offering an investment opportunity because that person is "someone like me." Affinity fraud works because people trust other people who may share a common bond, such as family, religion or some other group affiliation. The list goes on and on. Scammers take advantage of every connection they can make with their victims to gain their trust and then steal their money. In 2024 civil fraud charges were brought by the Colorado Division of Securities against Colorado Pastor Eli Regalado and his wife who created a cryptocurrency called INDXcoin and sold it to members of his online Victorious Grace Church through a cryptocurrency marketplace that he created and controlled between January of 2022 and July of 2023 The Regalados used their online church the to solicit investments from congregants claiming divine inspiration and telling investors they would have more money than they ever had in their life. Regalado announced he was selling the cryptocurrency on YouTube, telling people that God told him to do this and that God said it was a safe and profitable investment. It wasn't. According to Denver District Attorney, John Walsh $1.3 million of 300 investors' money went to fund the pastor's and his wife's extravagant lifestyle which included a home renovation, luxury handbags, cosmetic dentistry and a Range Rover. The Regalados marketed the INDX coin as a stable and secure cryptocurrency, citing a cybersecurity audit without providing the audit which rated it a 0 out of 10 and called it 'catastrophically technologically deficient." INDXcoin could only be bought and sold on the Kingdom Wealth Exchange, the online marketplace the Regalados started and then shut down in November 2023 leaving purchasers holding coins that could not be bought or sold rendering them worthless. Eli Regalado and his wife Kaitlyn Regalado were tried on the civil fraud charges in a bench trial in which they represented themselves before Judge Heidi Kutcher in the Colorado District Court in May, however, Judge Kutcher has not yet issued a ruling on the civil charges. Meanwhile, the two Regalados were indicted recently on forty criminal charges including racketeering, theft and securities fraud related to the same scam According to District Attorney Walsh, 'these charges mark a major step forward in our work to hold the Regalados accountable for their alleged crimes and to bring a measure of justice to the victims." What is the lesson that this case teaches us all? Before investing with anyone, you should investigate the person offering to sell you the investment with the Financial Industry Regulatory Authority's (FINRA) Central Registration Depository. This will tell you if the broker is licensed and if there have been disciplinary procedures against him or her. You can also check with your own state's securities regulation office for similar information. Many investment advisers will not be required to register with the SEC, but are required to register with your individual state's securities regulators. You can find your state's agency by going to the website of the North American Securities Administrators Association. Many investment advisers will not be required to register with the SEC, but are required to register with your individual state securities regulators. Anyone researching the Regalados would have found that they were not licensed to sell investments and that they were selling unregistered securities. As for cryptocurrency investing, it is important to remember that you should never invest in something that you do not completely understand. This was a mistake that many of Bernie Madoff's victims made. Cryptocurrency scams quite often involve complicated language and investment terms that are purposefully unclear in an effort to confuse potential investors from understanding the real facts. You also may want to check out the SEC's investor education website at Scammers can be very convincing and it may sound like there is a great opportunity for someone to make some money, but you must be careful that the person making money is not the scam artist taking yours. Finally, investing with someone merely because you share the same heritage, nationality, religion or any other affinity is something you should avoid.

Codie Sanchez: How Much Money Can You Make With a Vending Machine Side Hustle?
Codie Sanchez: How Much Money Can You Make With a Vending Machine Side Hustle?

Yahoo

time2 hours ago

  • Yahoo

Codie Sanchez: How Much Money Can You Make With a Vending Machine Side Hustle?

Setting up vending machines might sound like an easy way to make passive income, but Codie Sanchez, founder and CEO of Contrarian Thinking, a financial advice enterprise, shows us that it's actually not as hands-off as we think. In a video on her YouTube channel, she breaks down exactly how much money you can make with vending machines, what they actually cost, how much time they take and the rookie mistakes to avoid. Discover Next: For You: Instead of doing the experiment herself, Codie had her producer, Caroline, try it from scratch. Caroline had never started a business before, so everything she ran into was super relatable for anyone curious about this side hustle. Also here are other passive income ideas, according to ChatGPT. The Startup Costs Caroline started with a $5,000 budget from Codie to buy four vending machines. She ended up spending $9,400 in total between machines, shipping, setup and inventory. That included newer smart vending machines that don't accept cash and come with card readers, but they still experienced numerous technical issues. On top of the machines, the inventory for drinks and snacks came out to around $2,700. Labor and additional expenses, such as fixing machines or ordering better antennas, added another $800 to $1,000. After factoring in everything, the initial investment was higher than expected. Read Next: How Much Can You Make? At the first location, a lawn care company, Caroline placed four machines. She was earning about $30 per day in sales across all of them. That worked out to around $900 a month, which isn't bad until you factor in the 4 to 10 hours she was spending per week driving out, restocking and troubleshooting. Later, she relocated to a 55 and older senior living community. With just one machine, she still made about $30 per day, but with only two hours of work a week. The new location was closer, the machines worked better and the customers actually wanted the service. So with one machine, she was making the same revenue with a fraction of the stress. The Profit Margins Codie estimates that, after expenses, each vending machine generates approximately $350 per month in profit if done correctly. That's with a margin of 30% to 50%, depending on what you're selling and where. She also realized that drinks like Gatorades tend to sell better than snacks. Time Commitment and Challenges The main point Codie is trying to make in this video is that the vending machine business isn't actually that passive. In this 30-day challenge, we could see Caroline spending hours fixing tech problems and trying to update pricing in glitchy software. She also had to pitch locations in person, which isn't easy for people who aren't a natural at sales. Also, location is everything. The vending machine business is essentially a real estate business. To make good money, your vending machines need to be in locations with consistent foot traffic and where customers actually want vending services. The Turnaround Strategy After seeing how much time and money Caroline was spending on four machines, Codie helped her trim things down. She had her focus on just one or two great locations and either sell off the others or find an operator to manage the day-to-day. Caroline ended up selling one of her vending routes for $200 and found ten more potential leads she could flip the same way. If even half of those convert, that's another $1,000 to $1,200 in revenue. Codie also talked about how important it is to design a 'perfect fit' business. That means being honest about how much time you want to spend, how close the location is and how involved you want to be. If you only want to work five hours a week and earn $1,000 a month, then you'll want to choose a simpler setup so you have fewer machines and fewer headaches. Should You Start a Vending Machine Business? After this 30-day challenge, Cody and Caroline came to the conclusion that if you find the right location and don't mind putting in the work, you could bring in $500 to $1,000 a month per machine. That said, it's far from passive. You'll most likely have to deal with broken machines, inventory runs and tech issues. If you don't mind dedicating time and energy to make this work, go for it. But if you're looking for something more hands-off, you might want to explore other options that better fit your lifestyle. More From GOBankingRates Warren Buffett: 10 Things Poor People Waste Money On This article originally appeared on Codie Sanchez: How Much Money Can You Make With a Vending Machine Side Hustle? Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store