Economic Update.GJARA

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Economic Update.GJARA

  1. 1. Economic update <br />Grand Junction Economic Partnership<br />(with a twist)<br />
  2. 2. Labor Force<br />
  3. 3. Good News Bad News<br />2009<br />2008<br />Unemployment 9.0%<br />Full employment<br />Job creation rates lead the nation<br />Job creation rates lowest in the nation<br />
  4. 4. Silver Linings<br />GJEP’s Perspective:<br /><ul><li> Mission: enhance economic vitality , creating a strong , diverse economy and improved quality of life.
  5. 5. Create jobs by attracting businesses and assisting with expansion
  6. 6. Branding and marketing: Build awareness of Mesa County as a great place for business</li></li></ul><li>What’s HOT? What’s NOT?<br />Labor<br /><ul><li> 5.2% decline in available jobs and unemployment rate doubled
  7. 7. Labor availability is up
  8. 8. Wages are declining
  9. 9. Labor costs are down
  10. 10. Construction, real estate, transportation, energy related….
  11. 11. Healthcare</li></li></ul><li>What’s HOT? What’s NOT?<br />Real Estate<br /><ul><li> Foreclosures are way up
  12. 12. Financing is difficult
  13. 13. Home prices are dropping
  14. 14. Building permits tanked
  15. 15. Housing is more affordable for employees
  16. 16. Construction costs are down, good time to build for business
  17. 17. Land prices are falling
  18. 18. Land prices are falling</li></li></ul><li>Positive Economic News <br />Energy industry decline has bottomed out<br />Large investments being made and new expansions<br />Initial and continued unemployment claims dropping<br />Applicant to job ratios falling<br />National manufacturing sector has ticked up<br />Mesa County well positioned in target industries<br />Airport had best year ever: 227,946 enplanements<br />A matter of perspective<br />
  19. 19. What’s HOT? What’s NOT?<br /> This winter<br /><ul><li>Skiing
  20. 20. Our future</li></ul>Now<br />
  21. 21. We Are<br />The New West – modern, independent, still wild<br />A value-added lifestyle you can afford<br />Ideal place for personal and business growth<br />A strong, diverse economy with past and future national recognition and successes<br />A resourceful, energetic, positive community that knows the best is yet to come.<br />
  22. 22. Connect with GJEP<br />www.gjep.org<br />

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