Business File: First Steps Seminar moves to Tuesday

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First Steps Seminar moves to Tuesday

— The First Steps Seminar, put on by Colorado Mountain College's Bogue Enterprise Center and SCORE, is scheduled for Tuesday instead of Wednesday. The free seminar is aimed at people who are considering starting a business. It will help participants address questions about ideas, financing and their strengths and weaknesses.

First Steps is 6:30 to 9 p.m. Tuesday in Room 300 of Bogue Hall at CMC's Alpine Campus in Steamboat Springs.

Young Professionals Network on Thursday

Steamboat Springs' Young Professionals Network has scheduled its next group event for 5:30 to 7:30 p.m. Thursday at the Ghost Ranch Saloon on Seventh Street south of Lincoln Avenue. Appetizers and beverages will be served. The event is free for network members and $10 for guests.

The Young Professionals Network is sponsored by the Steamboat Springs Chamber Resort Association. To register for the event or to join the group, e-mail Marion Ayers at marion@steamboat chamber.com.

Economic Summit starts Wednesday at the Grand

This year's Economic Summit, "Thriving in Tough Economic Times," is Wednesday evening and all day Thursday at the Steamboat Grand Resort Hotel. Presenters include economists, business experts and motivational speakers. Susan Kirkpatrick, executive director of Colorado's Department of Local Affairs, will speak, and individual business counseling sessions will be available.

For more information or to register, go to www.steamboat-chamber.com/ecosummit.

Fortress Investment Group to sell shares

Fortress Investment Group announced last week that it plans to raise about $200 million in a public offering of 40 million of its Class A shares. The company plans to sell them at $5 per share. Fortress shares, which trade under the FIG symbol, closed at $4.25 Friday.

Fortress is the parent company of Intrawest, which is the parent company of Steamboat Ski and Resort Corp. Fortress also is invested in developments at the base of Mount Werner in Steamboat Springs.

The company plans to use $96 million of the sale proceeds to repay a portion of outstanding debt. The rest will go to working capital and general corporate purposes, according to a news release.

Fortress is a private-equity and hedge fund manager that manages assets in private equity, liquid hedge funds and hybrid funds.

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