Wells Fargo plans to close a mortgage processing center in Grand Junction, a move that will affect 55 employees. Cristie Drumm, a spokeswoman for Wells Fargo, told the Business Times the center will close over the next 60 days as mortgage application processing is transferred to other centers around the country. “This is a very […]
A monthly index tracking economic conditions for small businesses in Colorado has dipped for the first time in 18 months, but continues to forecast growth in the months ahead. “In the future, a more impressive U.S. economy should set the stage for stronger Colorado economic growth,” said Jeff Thredgold, a corporate economist who calculates the […]
Technological advances have quickly and dramatically changed the way energy companies produce natural gas in Western Colorado. Companies not only drill far more wells at a single location, but also extend those wells thousands of feet horizontally and in different directions. Production processes once conducted in succession now occur simultaneously so that as one well […]
A monthly measure of optimism among small business owners has declined for a second straight month, an indication uncertainty persists in the small business sector over the strength of economic recovery. The National Federation of Independent Business (NFIB) reported that its Small Business Optimism Index retreated seventh-tenths to 91.2 in April. The index lost 2.6 […]
Business owners and managers responding to a chamber survey are more upbeat about the Grand Valley economy, including their expectations for sales and hiring. But most don’t expect a recovery to begin until next year. “It’s cautious optimism,” said Diane Schwenke, president and chief executive officer of the Grand Junction Area Chamber of Commerce. “It’s […]
A monthly index tracking labor trends posted its largest drop in two years, a signal job growth could slow. The Conference Board reported that its Employment Trends Index (ETI) fell six-tenths of a percent to 100.5 in April, the largest monthly decline since April 2009. Still, the index remains up 6 percent from a year […]
Despite continued growth in U.S. payrolls, the unemployment rate rose in April for the first time in five months. According to the latest Department of Labor estimates, nonfarm payrolls grew 244,000. Moreover, initial estimates for job gains in March and February were revised upward 46,000 to a total of 456,000. Nonetheless, the jobless rate edged […]
Mesa County reported the highest property foreclosure rate among metropolitan counties in Colorado during the first quarter of 2011. While foreclosure filings fell more than 30 percent during the quarter compared to the same span last year, foreclosure sales increased slightly. According to the latest statistics from the Colorado Division of Housing, Mesa County reported […]
Real estate activity in Mesa County remains mostly unchanged from a year ago, neither dropping significantly below 2010 levels nor yet exhibiting a substantial recovery. Annette Miller, senior vice president of Heritage Title Co. in Grand Junction and a long-term observer of the local real estate market, said this of the latest sales figures: “They’re […]
The Business Incubator Center in Grand Junction will host a free panel discussion about the outdoor recreation industry in the Grand Valley. The Business Over Breakfast event is scheduled for 8:30 a.m. May 11 at the center, 2591 Legacy Way. While no admission will be charged, reservations are requested. For reservations or more information, call […]