Tag: Economy
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5 risks to Colorado’s economy state officials are watching
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Fears of a recession are fading as the nation’s — and Colorado’s — economy continue to beat expectations. Looking forward into 2024, Colorado’s Office of State Planning and Budget (OSPB) forecasts national economic growth to be better than originally thought based on strong consumer spending at the end of 2023. The economy is expected to make a…
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Denver household incomes need to be $71K higher than 2020 to afford a home
It’s no secret buying a house has become much more expensive since the pandemic. But how much more does one have to earn to afford a mortgage? Households in Denver would need their incomes to go up more than $71,000 since 2020 to afford a monthly mortgage with a 10% down payment, according to an…
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Colorado’s economy on solid footing going into 2024, economists say
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Facebook Twitter WhatsApp SMS Email Print Copy article link Save Confidence in the economy fell heading into 2023 as prices soared and fears of a recession spread. But as the year ended, Colorado business leaders started to feel more optimistic about the economy, according to the Leeds Business Confidence Index from the University of Colorado…
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Denver’s new Outside Festival showcasing state’s outdoor recreation industry set for June
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A new, large outdoor recreation festival is coming to Denver in June, Gov. Jared Polis announced Tuesday. The two-day Outside Festival highlighting Colorado’s outdoor recreation industry will be hosted at Civic Center Park from June 1-2. It’s the city’s newest event for outdoor recreation after the industry’s largest trade show, Outdoor Retailer, left Denver in 2022…
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Red Rocks concerts generated more than $700 million for area economy in 2022, study says
Facebook Twitter WhatsApp SMS Email Print Copy article link Save While Red Rocks has been busy smashing attendance records in the past few years on its way to becoming the world’s most attended concert venue in 2021, a research group has been working to quantify the Colorado music institution’s economic impact. Red Rocks’ concerts generated…
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Colorado’s unemployment rate creeps up but is still lower than the U.S.
Colorado’s unemployment rate skipped up to 3.1% in August, Colorado Department of Labor and Employment data showed Friday, the first time in more than a year that the state’s rate exceeded 3%. The increase, which state economist Ryan Gedney said was not statistically significant, could be attributed to a small drop in employment and a…
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Optimism among small businesses below average for 20th month in a row: Report
Leader of NFIB Colorado blames workforce shortages, inflation — and Proposition HH
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Colorado is ‘well positioned’ for a US debt default, says state Treasurer Dave Young
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With eight days to go until the United States is unable to pay its bills, the White House and Congress are still nowhere near an agreement on raising the national debt ceiling. The U.S. reached its $31.4 trillion debt ceiling — the limit on how much the government can borrow — in January. Treasury Secretary…
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Colorado aims to become Regional Technology and Innovation Hub through CHIPS and Science Act
Colorado business leaders and partners want to raise the state’s profile as a regional technology and innovation hub by earning an official federal government designation of a tech hub. The U.S. Economic Development Administration will launch a competitive process to make 20 federally-designated “Tech Hubs” across the country. The designation could be worth millions in…
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Cable Center in Denver adds Syndeo Institute, leadership programs
A new curriculum to inspire leadership and innovation through high-potential employees arrived in Denver. Dubbing it a “new contemporary operating brand,” The Cable Center on the University of Denver campus Thursday announced a new name and expanded programming with Syndeo Institute. It aims to serve as a space for discovery, education, and collaboration for “connectivity,”…