Colorado Politics

The Grand Junction Daily Sentinel: A homegrown turnaround

One of the reasons Mesa County is a bright spot in a state economic forecast released Monday by the Colorado Business Economic Outlook “is that it hasn’t been a bright spot.”

That’s according to Richard Wobbekind, the executive director of the Leeds Business School’s research division at the University of Colorado. Wobbekind should be a familiar figure to many readers as he treks to the Western Slope annually to tell business leaders what they largely already know – how the local economy is performing.

For many years following the Great Recession of 2008 and 2009, the news wasn’t very good. The metrics suggest 2012 was the bottom of the trough and we’ve been slowly crawling out of that hole. The succeeding years have been uneven with some economic indicators looking worse than others. Business filings, real estate transactions, rate of foreclosures, property values, capital investment, hotel occupancy, unemployment and sales tax and severance tax receipts haven’t trended in a positive direction at the same time.

Read more at The Grand Junction Daily Sentinel.

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