54th Annual Colorado Business Economic Outlook Report
The University of Colorado Business Research Division of the Leeds School of Business recently released their 54th annual Colorado Business Economic Outlook report. While the Colorado economy is projected to remain strong, overall growth is expected to slow in 2019. Approximately 53,000 jobs are anticipated to be added to the economy, which would place Colorado in the top 10 for employment growth. Northern Colorado is expected to be the state leader for growth. Click here to download the complete Business Economic Outlook Report.
Butterfly house ground breaking
Ground breaks this January on the brand new conservatory/butterfly house at the Fort Collins Gardens on Spring Creek. The project is in partnership with the Butterfly Pavilion and is part of a joint effort to showcase the role pollinators play in the environment. Cafe sessions, a new entrance/lobby, meeting room and expanded gift shop are also a part of the project. Learn more at: https://www.fcgov.com/gardens/butterflies-at-the-gardens.
NoCo, Boulder Valley steady unemployment rate
According to data recently released from the Colorado Department of Labor and Employment, unemployment rates in Larimer, Weld, and Boulder counties remained flat. For all three counties the non-seasonally adjusted unemployment figures in September and October were below 3%. The counties were well below the national unemployment rate average of 3.7%. Click here to view the Colorado economy at a glance: https://www.bls.gov/eag/eag.co.htm
Three Colorado cities top Brain Concentration Index
Three Colorado communities topped the Bloomberg's national Brain Concentration Index this year. Boulder ranked No. 1, Fort Collins No. 2 and Denver No. 10. The Brain Concentration Index looks at metro areas with a population of 90,000 or more, that have a high concentration of STEM workforce, advanced degree or science and engineering undergraduate degree holders, as well as a strong net business formation. Click here to read the complete report: https://www.bloomberg.com
Colorado MSA's in Top 25 of Most Innovative Cities
24/7 Wall St, a financial news and commentary web site, recently ranked the most innovative Metropolitan Statistical Areas (MSA's) based on data pulled from the U.S. Patent and Trademark Office. Boulder (#4), Fort Collins-Loveland (#18) and Greeley (#25) all made the Top 25. Click here for the complete findings: https://247wallst.com/special-report/2018/10/30/americas-most-innovative-cities-2/
Four front range communities ranked as top job-growing cities
In a special report, 24/7 Wall St. pulled a list of 31 U.S. cities adding the most jobs. Four Colorado communities made the list, in rank order: Greeley (#5), Fort Collins (#11), Denver-Aurora-Lakewood (#25), and Colorado Springs (#27). The findings were based on five-year changes in employment — the number of people employed — at the metro area level. Click here to view the special report: https://247wallst.com/special-report/2018/11/09/31-american-cities-adding-the-most-jobs-ta/
Fort Collins & Denver win $1M prize in U.S. Mayors Challenge
Fort Collins and Denver were both winners in this year’s Bloomberg Philanthropies U.S Mayors Challenge. The challenge is a yearlong competition that encourages city leaders to test innovative ideas to confront tough problems cities face. The city of Fort Collins will use the money to improve health and equity benefits for low- and moderate-income renters by improving energy efficiency of rental homes. View the complete report at: https://www.9news.com/article/news/local/denver-fort-collins-awarded-1m-to-tackle-air-quality-and-housing-issues/73-609253248
Greeley ranked #1 for jobs, economy
WalletHub released their 2018 Fastest-Growing Cities in America report. Greeley ranked in the No. 1 spot in the jobs and economy category. Factors taken into account included median household income growth, unemployment rate decrease, poverty rate decrease, median house price growth, building-permit activity growth and increase in ratio of full-time to part-time jobs. Click here for the full report.
3rd Quarter Market Watch
Information and Real Estate Services (IRES), the Northern Colorado MLS, released the Q3-2018 Market Watch Report. In Weld County, the number of Closed Sales was up 0.6% while the Median Sales Price was up 3.7%, reaching $342,137. The Days on Market (DOM) for listings increased by 12.1%, coming in at 67 days. In Larimer County, the number of Closed Sales was down by 8.7% while the Median Sales Price was up by 10.2%, reaching $407,889. Homes also sold a little more quickly in Larimer County, with the DOM for listings down 8.4% to reach 66 days.