A monthly indicator of future economic performance in the United States continues to rise, signaling expansion in coming months. The Conference Board reported that its Leading Economic Index (LEI) edged up a tenth of a percent to 112.3 in January. The latest gain follows a combined increase of 1.9 percent in the previous two months. […]
The Borders store in Grand Junction is expected to soon close as part of a bankruptcy reorganization for the struggling book retailer. Borders Group, which owns the Borders and Waldenbooks chains, announced it will close nearly 200 “underperforming” stores — about 30 percent of its national network — as it reorganizes under Chapter 11 of […]
Consumer spending increased in Mesa County during December compared to a year ago, the first such increase for the holiday shopping month since 2007. According to the January tax report, which reflects spending in December, Mesa County collected $3.41 million in sales taxes. That’s a 0.51 percent increase over the same month last year. January […]
The average apartment vacancy rate in Grand Junction declined during the fourth quarter of 2010, as did the average monthly rent. According to the latest results of a quarterly survey reported by the Colorado Division of Housing, the average apartment vacancy rate in Grand Junction fell to 7.5 percent for the fourth quarter. The average […]
Commercial rafting firms in Colorado reported an increase in business in 2010 that pushed the estimated stream of revenue from the industry to more than $150 million. With an anticipated increase in consumer spending as well as deep snowpacks that serve as the source of Colorado river flows, the outlook for the 2011 rafting season […]
While property foreclosure activity slowed in Mesa County in December, proportional increases in year-end totals for foreclosure listings and sales were far greater than in any of 11 other metropolitan counties in Colorado. According to the latest statistics from the Colorado Division of Housing, 128 foreclosure filings and 69 foreclosure sales were reported in Mesa […]
A monthly measure of economic conditions for small businesses in Colorado has climbed to its highest level in more than five years, forecasting a more robust recovery that includes job growth. “Colorado’s swing from net job losses during the most recent 12-month period to net job gains should continue in coming months. Colorado’s economic recovery […]
An office furniture, installation and design company and wholesale dairy products distributor were among the winners of annual awards presented by the Grand Junction Area Chamber of Commerce. ProSpace Interiors was named Small Business of the Year, while Meadow Gold Dairy was named Business of the Year. Mike Berry, a financial advisor who launched a […]
While Colorado likely will lag behind the nation in economic recovery, speakers at an annual economic forecast breakfast said they expect modest growth. Still, a number of factors could slow that growth, including continued high unemployment rates. Vectra Bank Colorado hosted the event in Denver, which featured Mark Snead, a vice president and executive with […]
The leading lender for U.S. Small Business Administration programs in Colorado reports an increase in activity during the first quarter of the 2011 fiscal year compared to the same quarter last year. Wells Fargo reported that it issued 86 loans worth a combined $35 million in Colorado through the SBA 7(a) loan guarantee program. That […]