All Entries in the "Economy" Category
CROP PRODUCTION – MAY 1, 2023
COLORADO HIGHLIGHTS Winter wheat production in Colorado, based on conditions as of May 1, 2023, is forecast at 49.50 million bushels, according to the May 1 Agricultural Yield Survey conducted by the Mountain Regional Field Office of the National Agricultural Statistics Service, USDA. This forecast is 38 percent above last year’s production of 35.75 million […]
City of Lamar March 2023 Sales Tax Revenue Report
Sales tax revenue continued to gain for the City of Lamar, based on March 2023 sales, collected this past April. City sales tax was up 6.33% over the same time last year for a gain of $24,635 and Use tax collections were also up by 49.16% for a gain of $13,994. Total Sales and Use […]
Prowers County Represented in National Investment Summit
We are so excited that one of PEP’s very own, Cheryl Sanchez, got selected to represent Colorado at SelectUSA Investment Summit in Maryland this week! She is one of only two Economic Developers from Colorado that was selected to represent our state. What an achievement!! SelectUSA Investment Summit draws more than 3000 attendees featuring economic […]
Lamar Utility Board Receiving Scholarship Applications
The 2023 LUB/ARPA scholarship deadline arrived and this year, there was a total of eight completed applications received for the combined $1,400 scholarship, according to Light Plant Superintendent, Houssin Hourieh during the April 25th meeting. Lamar and McClave submitted three each and two from Wiley. Two volunteers, Pat Leonard and Jay Brooke said they’d […]
PEP Shares News of Broadband Expansion and Multi-Team Babe Ruth Tournament
Prowers Economic Prosperity received several guests during the organization’s monthly board meeting on Monday, April 17th. Jimmy Bencomo explained his need for volunteers this summer to help organize and run a Babe Ruth state tournament which will bring several hundred participants of all ages and their families to Lamar between July 7th and 10th. “We’re […]
Lamar Councilwoman Transitions to City Employee
Anne-Marie Crampton, who has served as a Lamar City Councilmember since 2011, resigned her post during her last council session on Monday, April 10th. Lamar Mayor, Kirk Crespin, on behalf of the city, presented her with a plaque of appreciation for her consistent dedication to the city. That dedication will continue as Crampton […]
City of Lamar Sales Tax Revenue Report – March 2023
City of Lamar Sales Tax revenue collected in February shows a 4.55% increase, or $14,081 gain over last year at this time. Revenues for 2023 are at $323,839.56 compared to $309,758.53 for last year. Use Tax collections are up 92.29% for a gain of $20,850 over last year and Total sales and Use […]
SBA Economic Injury Disaster Loans Available to Colorado Small Businesses
SACRAMENTO, Calif. – Small nonfarm businesses in 36 Colorado counties and neighboring counties in Kansas, Nebraska, New Mexico, Oklahoma and Wyoming are now eligible to apply for low-interest federal disaster loans from the U.S. Small Business Administration, announced Director Tanya N. Garfield of SBA’s Disaster Field Operations Center-West. These loans offset economic losses because of reduced […]
City Approves Sidewalk Improvement Funding
The Lamar Redevelopment Authority voted to postpone approval for a request of $45,670 to complete a renovation project for Todd and Sarah Hornung. The couple plans to renovate the former Thai Spicy Basil Restaurant at 10 North Main Street in order to move their gun store, Lamar Outdoor Sports, into the new property. The […]
Roberts’ Bipartisan Bill to Create the Rural Opportunity Office Passes Senate
The Rural Opportunity Office is charged with boosting economic development in rural communities across the state. DENVER, CO – Senator Dylan Roberts’, D-Avon, bipartisan bill to foster economic development in rural communities passed the Senate this week. SB23-006, cosponsored by Senator Janice Rich, R-Grand Junction, formally creates the Rural Opportunity Office (ROO) within […]
CATTLE ON FEED
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 1,010,000 head as of March 1, 2023. The latest inventory was down 2 percent from February 1, 2023 and down 10 percent from March 1, 2022. Cattle […]
Economic Forecast Shows Colorado’s Strong Economy to Continue Growing Faster than Nation
DENVER – The Governor’s Office of State Planning and Budgeting (OSPB) released its quarterly economic forecast today showing Colorado’s strong economy continues to grow faster than other states in the United States. “Colorado’s strong economy continues to grow and outpace other states, and with one of the lowest unemployment rates in the country, Coloradans are […]
Colorado Crop Progress & Condition Report, Week Ending March 12, 2023
AGRICULTURAL SUMMARY: Above average moisture and below average temperatures were observed throughout the state, according to the Mountain Region Field Office of the National Agricultural Statistics Service, USDA. According to the U.S. Drought Monitor, 36 percent of the state was under drought conditions, down from 92 percent a year ago and down from 42 […]
City of Lamar Sales Tax Revenue Report, January 2023
Sales tax revenue for the City of Lamar was 11.53% for January sales, collected this past February. The revenue gain was $34,891.79 with a loss of $8,222.42 for a 33.83% downturn in Use Tax collections. Total sales and Use Tax collections were up 8.24% for a gain of $27,135.57 with 2023 total collections […]
Colorado Employment Situation for January 2023
Unemployment Rate Has Returned to Pre-Pandemic Levels; 800 Nonfarm Payroll Jobs Added in January The annual unemployment rate for Colorado was 3.0 percent in 2022, revised down from the previously published 3.6 percent. The U.S. unemployment rate in 2022 was 3.6 percent. Colorado nonfarm payroll employment increased at an annual rate of 4.1 percent […]
