All Entries in the "Economy" Category
Colorado Crop Progress & Condition Report, Week Ending April 24, 2022
AGRICULTURAL SUMMARY: Windy conditions and minimal moisture continued across most of the State last week, according to the Mountain Region Field Office of the National Agricultural Statistics Service, USDA. According to the U.S. Drought Monitor, 87 percent of the State is under drought conditions, up 4 percentage points from last week. Thirty-three percent of the […]
Amache Potential Highlighted at PEP Annual Meeting
John Hopper, Granada Dean of Students, provided details on the recent efforts that transformed the World War Two Japanese-American Internment Camp Amache into National Park status. Hopper was the keynote speaker during the Prowers Economic Prosperity annual meeting held at the End of the Line Arena on the Camp property this past Thursday, […]
Colorado Employment Situation – March 2022
5,800 Nonfarm Payroll Jobs Added in March; Unemployment Rate Falls to 3.7% According to the survey of households, Colorado’s seasonally adjusted unemployment rate fell three-tenths of a percentage point in March to 3.7 percent. This marks the lowest rate since February 2020, when it was 2.8 percent. The national unemployment rate declined two-tenths […]
Bipartisan Bill to Create a Tax Credit to Increase Housing Supply and Revitalize Distressed Homes
Legislation Would Help Cover the Cost of Building or Renovating Homes, Help Existing Homeowners Stay in Their Homes Washington, D.C. –– Colorado U.S. Senator Michael Bennet, a member of the U.S. Senate Finance Committee, co-sponsored legislation led by U.S. Senators Ben Cardin (D-Md.) and Rob Portman (R-Ohio) to build and revitalize housing in distressed […]
Colorado Crop Progress and Condition Report for Week Ending April 10, 2022
AGRICULTURAL SUMMARY: Warm temperatures and extreme wind were experienced across most of the State last week, according to the Mountain Region Field Office of the National Agricultural Statistics Service, USDA. According to the U.S. Drought Monitor, 83 percent of the State is under drought conditions, unchanged from last week. Thirty-two percent of the State is […]
Lower Use Tax Revenues Drop City Taxes in Monthly Update
Although the City of Lamar Sales Tax Revenues were up 11.84% over this time last year for a $32,783 gain, that increase was offset by the drop in Use Tax and Other Tax collections by 31.10% and 14.18% respectively for a decrease of $10,420. However, the overall performance for February was up 7.18% […]
Arkansas Valley Conduit Three-Party Contract Approved
By CHRIS WOODKA SECWCD A three-party contract allowing for the Arkansas Valley Conduit to deliver clean drinking water to 50,000 people in 39 communities east of Pueblo was signed by the Bureau of Reclamation on March 18, 2022, following approval by the Southeastern Colorado Water Conservancy District Board and the Pueblo Board of Water Works […]
Colorado Employment Situation – February 2022
Unemployment Rate Falls to 4.0%; Total Nonfarm Employment Returns to Pre-Pandemic Level Household survey data: According to the survey of households, Colorado’s seasonally adjusted unemployment rate decreased to 4.0 percent in February from 4.2 percent, as revised, in January. Colorado’s unemployment rate of 4.0 percent marks the lowest level since it was 2.8 percent […]
PEP Gets Update on Essential Housing Initiative
March 23rd was the deadline for buyers to sign up for SCEDD administrated, workforce housing contracts in southeast Colorado under a multi-county initiative impacting Baca, Bent, Crowley, Kiowa, Otero, and Prowers counties. Southeast Colorado Enterprise Development (SECED) Executive Director, Stephanie Gonzales, provided Prowers Economic Prosperity board members with a progress report on signees during […]
President Biden Designates Amache National Historic Site as America’s Newest National Park
WASHINGTON — President Biden signed the Amache National Historic Site Act today, designating the Amache site in Granada, Colorado as part of the National Park System. This designation, the first in the National Park System during this Administration, will permanently protect the site for future generations and will help tell the history of Japanese American […]
Lamar Gets Its Arby’s
Construction work on an Arby’s restaurant in Lamar should begin within the next 120 days, that’s according to Lamar Mayor, Kirk Crespin as he announced plans for the new franchise, fast-food establishment that’s slated for 1002 North Main Street in Lamar. “This process took about two years to bring us to this point,” he […]
Lamar Sales Tax Revenue Staring 2022 with Gains
The City of Lamar Sales Tax Revenue report showed a monthly increase for January taxes with city sales tax revenue up 6.19% for an increase of $17,634 over 2021 at this time. Collections for 2022 are $302,631 compared to $284,996 for 2021. Total Sales and Use Tax collections were up 5.48% over last […]
Colorado Employment Situation – January 2022
Household survey data: According to the survey of households, Colorado’s seasonally adjusted unemployment rate decreased in January to 4.1 percent from the revised December rate of 4.2 percent. Colorado’s unemployment rate of 4.1 percent marks the lowest level since it was 2.8 percent in February 2020. The national unemployment rate moved upward by one-tenth […]
Lamar VA Clinic Recommended for Closure, One of Several in Eastern Colorado
A recommendation has been made to close the Lamar VA Clinic by 2026, according to a review commissioned by the 2019 Veteran’s Mission Act. Similar clinics in La Junta, Burlington and Salida have also received a recommendation of closure. The Lamar VA Clinic has been in operation since November, 2014. The recommendations stemmed from […]
Colorado A.G. Weiser Lists Top 10 Consumer Complaints During National Consumer Protection Week
March 7, 2022 (DENVER)—Attorney General Phil Weiser today kicked off National Consumer Protection Week by unveiling the list of the top 10 consumer complaints and inquiries his office received in 2021, which included unemployment insurance scams, retail sales related to COVID-19, and automotive sales and services. Last year, consumers filed 13,970 complaints and inquiries […]
