All Entries in the "Economy" Category
Colorado’s Economy Continues Streak of Strength Following Economic Forecast
DENVER – The Governor’s Office of State Planning and Budgeting (OSPB) released its quarterly economic forecast. Colorado’s economy continues to thrive, with the labor market remaining healthier than anticipated and consumer demand exceeding expected growth. Colorado’s unemployment rate remains low under the Polis administration. But the high cost of housing continues to […]
Colorado Crop Progress & Condition Report, Week Ending October 1, 2023
AGRICULTURAL SUMMARY: Harvest activities progressed well amid warm and dry conditions last week, according to the Mountain Regional Field Office of the National Agricultural Statistics Service, USDA. Based on National Oceanic and Atmospheric Association (NOAA) data, precipitation was minimal last week with moisture mostly confined to southeastern counties in the State. Areas of […]
Governor Polis Takes Action to Keep National Parks Open if a Federal Shutdown Occurs
DENVER- Today, Governor Polis issued an Executive Order directing the Colorado Department of Natural Resources to develop a plan for continued operations and resource protection of Colorado’s National Parks and other federal lands in the event of a federal government shutdown. “Our state is proud to be home to world-class outdoors, including four national parks, that play […]
CATTLE ON FEED Week of September 1, 2023
COLORADO: The number of cattle and calves on feed for the slaughter market in Colorado feedlots with a capacity of 1,000 head or larger was estimated at 950,000 head as of September 1, 2023. The latest inventory was 3 percent below last month and 8 percent below the September 1, 2022 inventory. Cattle feeders with […]
LIVESTOCK SLAUGHTER – AUGUST 2023
UNITED STATES HIGHLIGHTS: Commercial red meat production for the United States totaled 4.67 billion pounds in August, down 3 percent from the 4.83 billion pounds produced in August 2022. Beef production, at 2.36 billion pounds, was 6 percent below the previous year. Cattle slaughter totaled 2.89 million head, down 6 percent from August 2022. The […]
Attorney General Phil Weiser Warns Student Loan Borrowers About Scams as Repayment Begins
Sept. 12, 2023 (DENVER) — With student loan repayment restarting next month, and interest already accruing again as of Sept. 1, Attorney General Phil Weiser issued a warning to consumers to be vigilant against potential student loan-related scams and fraud. “As student loan repayment starts back up in October, scammers and fraudsters will […]
City Development Projects Outlined
Community Development Director, Anne-Marie Crampton, provided an overview of new and on-going projects her department is undertaking, about 30 in all, during the September 11th Lamar City Council meeting. Some highlights included a visit from Brownsfield Group in October which is coordinating with engineering firm, Ayers Associates, to review asbestos and lead content […]
City of Lamar Sales Tax Revenue Report-July 2023
The July 2023 Sales Tax Revenue report for Lamar showed a 3.49% increase for the month for a gain of $12,737 over the previous year. Monthly collections are $377,909 compared to $365,172 for 2022. Use Tax collections increased 7.76% and Other Collections were up 49.22%. Total Sales and Use Tax collections increased by […]
LCC-/-PEP Job Fair and Career Expo Set for September 20th
The Lamar Community College/Prowers Economic Prosperity Job Fair and Career Expo is scheduled for September 20th at the Lamar Community College Wellness Center. There will be a morning session for students from 9 a.m. to 12 p.m. and an afternoon session for job seekers from 1 p.m. to 3 p.m. This […]
USDA Announces Specialty Crop Block Grant Program Funding Awarded to Colorado
The U.S. Department of Agriculture’s (USDA) Agricultural Marketing Service (AMS) awarded over $799,000 in Fiscal Year 2023 Specialty Crop Block Grant Program (SCBGP) funding to Colorado. With this grant, the Colorado Department of Agriculture will fund projects that enhance the competitiveness of specialty crop products and create new market opportunities for the state’s specialty […]
LIVESTOCK SLAUGHTER – JULY 2023
UNITED STATES HIGHLIGHTS Commercial red meat production for the United States totaled 4.13 billion pounds in July, down 2 percent from the 4.23 billion pounds produced in July 2022. Beef production, at 2.11 billion pounds, was 6 percent below the previous year. Cattle slaughter totaled 2.60 million head, down 6 percent from July 2022. The […]
Colorado Employment Situation – July 2023
800 Nonfarm Payroll Jobs Added in July; Unemployment Rate Rises Slightly to 2.9 Percent Household survey data: According to the survey of households, Colorado’s seasonally adjusted unemployment rate increased one-tenth of a percentage point in July to 2.9 percent compared to the June rate of 2.8 percent. The number of unemployed individuals grew […]
City of Lamar June 2023 Sales Tax Revenue Report
City of Lamar sales tax revenues continued to post increases through the summer with a 3.78% gain noted for city sales tax revenue for a difference of $15,771.09 over the previous time period. Use Tax collections were up at 39.39% for a gain of $13,733.68. Total sales and Use Tax collections improved by […]
Pair of Laws to Help Support Rural Colorado to Go into Effect
DENVER, CO – A pair of laws aimed at supporting rural Colorado went into effect on Monday, August 7. SB23-006, a bipartisan bill sponsored by Senator Dylan Roberts, D-Avon, and Rep. Barbara McLachlan, D-Durango, will foster economic development in rural communities by formally creating the Rural Opportunity Office (ROO) within the Office of Economic Development and International […]
CROP PRODUCTION – AUGUST 1, 2023 COLORADO HIGHLIGHTS
Based on August 1 conditions, corn production in Colorado is forecast at 130.00 million bushels, according to the August 1 Agricultural Yield Survey conducted by the Mountain Regional Field Office of the National Agricultural Statistics Service, USDA. This forecast is up 10 percent from last year’s 118.58-million-bushel crop. The 1.00 million acres expected to be […]
