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.

La Plata Housing 101

Our community is taking on the challenge of addressing a housing crisis, and the Alliance has offered a presentation on the basic elements of housing — from subsidized solutions to workforce housing to market-rate developments. This virtual presentation was facilitated by the housing experts at Project Moxie and Cappelli Consulting.

Housing101

La Posta Road Sewer Alignment Study 1st Draft

Please find a pdf presentation provided by SEH Engineering delivered to the property owners meeting on June 10, 2020 on the La Posta Road Sewer Alignment Study. 

[embeddoc url=’https://yeslpc.com/wp-content/uploads/2020/03/2nd-property-owners-meeting-6.10.2020.pdf’ download=”all”]

Rocky Mountain Restoration Initiative funds Southwest Colorado $50M for forest health collaborative.

Southwest Colorado has been chosen for $50 million in additional funding for expanded forest health and wildfire mitigation efforts on public and private land.

The newly formed Rocky Mountain Restorative Initiative selected the forest project proposal, which encompasses nearly 750,000 acres along Colorado Highway 160, including portions of the San Juan National Forest and towns of Dove Creek, Cortez, Dolores and Durango.

Read the full article here.

La Plata County Economic Snapshot 2019 from Region 9 reflect 2.5% unemployment rate lower than State and national average.

[embeddoc url=”https://yeslpc.com/wp-content/uploads/2020/03/La-Plata-Economic-Snapshot-Region-9-2019.pdf” download=”all”]

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)