This equates to about 84 of the state average of

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Unformatted text preview: In 2010, the most recent year for which data are available, per capita income in La Plata was $40,925, the highest of the Region 9 counties. This equates to about 84% of the state average of $47,868, an increase from 70% of the state average in 2001. Additionally, while Colorado’s economy has grown at an average rate of 2.3% from 2001 to 2010, La Plata County personal income has climbed an average of 4.5% over the same period. This rise in income coincides with growing diversity of producers in the region. Despite the onset of the recession at the end of 2007, total income in La Plata continued to increase for two quarters before falling 4% below pre-recession levels by Q3 2009. Since then, La Plata County income has fully recovered and is about 1.5% above pre-recession levels in Q1 2011. In 2010, the largest share of private income was attributed to service providers—Retail, Transportation, and Utilities—which accounted for roughly 48% of total private income in La Plata County. From 2006 through 2010, the share of each secto...
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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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