7 of income share respectively the biggest loss of

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Unformatted text preview: r’s total income remained relatively stable, with the exception of Natural Resources, and Education and Health Services, which gained about 2% and 1.7% of income share, respectively. The biggest loss of income share, 4%, was in Construction. Natural Resources and Construction are frequently used to gauge overall economic activity in the area. Since 2002, Government total income growth at all levels has been steadily declining. The growth of local government income for 2010 was 4.5%, while state government growth, feeling the pinch of the recession, shrank 2.5% over the same period. Federal government income growth was a meager but positive 1.1% after two years of contraction. Tourism Though the La Plata economy has become more diversified, tourism continues to play a large role: retail, accommodations, and food together account for almost 18% of private income. Data through September 2011 reveal the relatively small impact the recession has had on the regional economy. Total growth of visitors to Mesa Verde National Park through September 2011 was up 3.2%. Although Mesa Verde is in Mont...
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This note was uploaded on 02/11/2013 for the course MGMT 231 taught by Professor Yu during the Spring '13 term at Bauder.

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