Durango Local News Network on Catalyst Fund Round 2

Durango Local News Network Reports: The City of Durango plans to contribute $250,000 to the Housing Catalyst Fund to support housing projects in La Plata County, building on previous grants.

City’s Seed Investment Pays Off

The City of Durango has commended the La Plata Economic Development Alliance for the successful implementation of its Housing Catalyst Fund, initially seeded with a generous $250,000 contribution.

Newsline: Catalyst Fund Round 2

Recently featured in The Durango Herald, we’re proud to announce the second round of the Housing Catalyst Fund aimed at jumpstarting critical housing projects. The La Plata Economic Development Alliance is thrilled to share the latest update on our ongoing efforts to tackle housing challenges in La Plata County.

Newsline: 2024 Southwest Economic Outlook

Economists shed light on the economic landscape during the 32nd Annual Southwest Economic Outlook hosted by Fort Lewis College Katz School of Business and Bank of Colorado. Fort Lewis College economics associate professor Nate Peach highlighted concerns about rising living costs impacting economic sentiments, especially among the youth.

Housing 101 Series

The Alliance, in partnership with Project Moxie, is offering a three-part educational webinar series on workforce housing development. Find out more about this exciting opportunity.

Pine River Commons Ground Breaking

The Pine River Commons is not just a housing project; it’s a testament to the power of collaboration and community-driven initiatives. We invite you to read the full article by Christian Burney in the Durango Herald to learn more about LPEDA’s role in this transformative project.

Economic Dashboard April 2019

How is the economy right now in Durango and La Plata County?

Find out the latest on our employment, home construction, tourism, and other key measures of our local economic performance. If you have any questions, please feel free to contact us and we can walk you through what the data means.

Local Economic Conditions

April 2019

Graph of Y-O-Y Economic Indicator April 2015- 2019

Economic conditions in La Plata County from Apr 2015 to Apr 2019.

Summary
Improved (+) 5
No Change (o) 7
Declined (-) 7
Improved (Declined) (2)
Current Last Month Last Year

Change

(vs Last Year)

Workforce
  Labor Force 32,189 31,494 32,039 o
  Unemployment Rate (%) 2.6 3.1 2.3
  Labor Force Participation (%) 56.6 55.4 57.1 o
  Job Openings 1,183 715 924 +
8
Construction & Housing
  New Permits (to Date) 22 16 71
  Value of Permits ($,000) (to Date) 129,829 125,008 31,095 +
  Home Sales 71 56 209
  Average Home Price ($) 499,750 496,764 486,673 +
  Earnings Needed* ($) 87,000 85,800 85,000 +
8
Travel & Tourism
  Enplanements 13,480 15,766 13,734 o
  Lodgers Tax ($) 55,452 43,493 61,323
  Train Visitors 3,895 3,818 3,737 +
8
Gas & Oil
  New Permits (to date) 0 0 52
  Production (mmcf) 0 17,176 23,948
8
Other
Sales Tax, Durango ($,000)** 1,357 1,061 1,363 o
Commercial Sales ($,000) (to date) 3,414 1,389 12,153
Foreclosures (to date) 14 11 19
  Energy Use
     Commercial (mwh) 57,500 55,262 52,775 +
     Commercial Accounts 6,508 6,481 6,461 o

Notes:

*”Earnings needed” is the household income necessary to purchase an average-priced home in La Plata County.

**Sales tax for Durango includes Use Tax.

Sources: Employment: Colorado Department of Labor and US Census Construction & Housing: City of Durango, La Plata County, Mortgage-X.com, and the Wells Group  Travel & Tourism: City of Durango, Durango Area Tourism Organization (DATO), and Durango & Silverton Narrow Gauge Railroad   Gas & Oil: Colorado Oil & Gas Conservation Commission  Other: City of Durango (Sales tax and business permits), La Plata County Treasurers Office (Foreclosures),  and LPEA (Energy Use) (LPEA data is unaudited)

Economic Dashboard March 2019

How is the economy right now in Durango and La Plata County?

Find out the latest on our employment, home construction, tourism, and other key measures of our local economic performance. If you have any questions, please feel free to contact us and we can walk you through what the data means.

Local Economic Conditions

March 2018

Year-Over-Year Economic Indicator

Economic conditions in La Plata County from Mar 2015 to Mar 2019.

Summary
Improved (+) 4
No Change (o) 7
Declined (-) 8
Improved (Declined) (4)
Current Last Month Last Year

Change

(vs Last Year)

Workforce
  Labor Force 31,494 31,330 31,381 o
  Unemployment Rate (%) 3.1 3.7 2.9
  Labor Force Participation (%) 554 55.2 56.0 o
  Job Openings 715 892 881
8
Construction & Housing
  New Permits (to Date) 0 10 52
  Value of Permits ($,000) (to Date) 125,008 118,992 18,655 +
  Home Sales 71 56 148
  Average Home Price ($) 499,750 496,764 476,352 +
  Earnings Needed* ($) 87,000 85,800 82,900 +
8
Travel & Tourism
  Enplanements 15,766 12,944 15,201 o
  Lodgers Tax ($) 43,493 41,538 42,056 +
  Train Visitors 3,818 1,307 4,676
8
Gas & Oil
  New Permits (to date) 0 0 47
  Production (mmcf) 204 15,284 25,532
8
Other
Sales Tax, Durango ($,000)** 1,061 1,207 1,046 o
Commercial Sales ($,000) (to date) 1,389 0 11,673
Foreclosures (to date) 11 9 16
  Energy Use
     Commercial (mwh) 55,262 52,619 56,074 o
     Commercial Accounts 6,481 6,484 6,415 o

Notes:

*”Earnings needed” is the household income necessary to purchase an average-priced home in La Plata County.

**Sales tax for Durango includes Use Tax.

Sources: Employment: Colorado Department of Labor and US Census Construction & Housing: City of Durango, La Plata County, Mortgage-X.com, and the Wells Group  Travel & Tourism: City of Durango, Durango Area Tourism Organization (DATO), and Durango & Silverton Narrow Gauge Railroad   Gas & Oil: Colorado Oil & Gas Conservation Commission  Other: City of Durango (Sales tax and business permits), La Plata County Treasurers Office (Foreclosures),  and LPEA (Energy Use) (LPEA data is unaudited)

Economic Dashboard December 2018

How is the economy right now in Durango and La Plata County?

Find out the latest on our employment, home construction, tourism, and other key measures of our local economic performance. If you have any questions, please feel free to contact us and we can walk you through what the data means.

Local Economic Conditions

December 2018
La Plata County Year-Over-Year Economic Indicator

Economic conditions in La Plata County from Dec 2014 to Dec 2018.

 

Summary
Improved (+) 7
No Change (o) 3
Declined (-) 9
Improved (Declined) (6)
Current Last Month Last Year

Change

(vs Last Year)

Workforce
  Labor Force 32,381 33,785 31148 +
  Unemployment Rate (%) 3.7 2.7 2.6
  Labor Force Participation (%) 57.2 58.0 55.7 +
  Job Openings 832 925 941
8
Construction & Housing
  New Permits (to Date) 268 255 308
  Value of Permits ($,000) (to Date) 156,977 139,692 200,111
  Home Sales 832 755 863
  Average Home Price ($) 495,946 494,455 449,244 +
  Earnings Needed* ($) 88,400 90,500 73,700 +
8
Travel & Tourism
  Enplanements 15338 15150 14448 +
  Lodgers Tax ($) 45,570 91,384 42,342 +
  Train Visitors 27,594 8,615 30,115
8
Gas & Oil
  New Permits (to date) 99 98 108
  Production (mmcf) 22,887 21,115 24,884
8
Other
Sales Tax, Durango ($,000)** 1,263 1,492 1,171 o
Commercial Sales ($,000) (to date) 34,888 32,398 35,142
Foreclosures (to date) 60 52 54 +
  Energy Use
     Commercial (mwh) 58,505 55,673 57,696 o
     Commercial Accounts 6,474 6,474 6,392 o

Notes:

*”Earnings needed” is the household income necessary to purchase an average-priced home in La Plata County.

**Sales tax for Durango includes Use Tax.

Sources: Employment: Colorado Department of Labor and US Census Construction & Housing: City of Durango, La Plata County, Mortgage-X.com, and the Wells Group  Travel & Tourism: City of Durango, Durango Area Tourism Organization (DATO), and Durango & Silverton Narrow Gauge Railroad   Gas & Oil: Colorado Oil & Gas Conservation Commission  Other: City of Durango (Sales tax and business permits), La Plata County Treasurers Office (Foreclosures),  and LPEA (Energy Use) (LPEA data is unaudited)