While national reports still talk about poor consumer

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Unformatted text preview: urnaround. Until the housing market recovery begins in earnest, a significant amount of regional skills and talent will remain underutilized, and the economy will remain well below its potential. While national reports still talk about poor consumer confidence, the regional retail market suggests that the shoppers have come back, somewhat. Through September 2011, Greeley and Loveland both show higher sales and use tax revenues compared to the previous year. In Greeley, such collections are up 8.1%, while in Loveland they climbed 5.1%. Fort Collins, which increased its sales tax rate in January, has seen 5.2% growth in taxable sales. The region’s Manufacturing Sector provides another reason for subdued celebration. Although job change over the past 12 months has been flat, several projects, including the Leprino Cheese Plant in Greeley, could add several hundred new jobs in the region in 2012. Northern Colorado is expected to continue its sluggish economic recovery in 2012. Job creation should pick up in both counties, and it is predicted that Larimer County will...
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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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