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Economic Update.GJARA
Economic Update.GJARA
Economic Update.GJARA
Economic Update.GJARA
Economic Update.GJARA
Economic Update.GJARA
Economic Update.GJARA
Economic Update.GJARA
Economic Update.GJARA
Economic Update.GJARA
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Economic Update.GJARA

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  • 1. Economic update <br />Grand Junction Economic Partnership<br />(with a twist)<br />
  • 2. Labor Force<br />
  • 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. Silver Linings<br />GJEP’s Perspective:<br /><ul><li> Mission: enhance economic vitality , creating a strong , diverse economy and improved quality of life.
  • 5. Create jobs by attracting businesses and assisting with expansion
  • 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. Labor availability is up
  • 8. Wages are declining
  • 9. Labor costs are down
  • 10. Construction, real estate, transportation, energy related….
  • 11. Healthcare</li></li></ul><li>What’s HOT? What’s NOT?<br />Real Estate<br /><ul><li> Foreclosures are way up
  • 12. Financing is difficult
  • 13. Home prices are dropping
  • 14. Building permits tanked
  • 15. Housing is more affordable for employees
  • 16. Construction costs are down, good time to build for business
  • 17. Land prices are falling
  • 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. What’s HOT? What’s NOT?<br /> This winter<br /><ul><li>Skiing
  • 20. Our future</li></ul>Now<br />
  • 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. Connect with GJEP<br />www.gjep.org<br />

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