Several investments recently made in the Region’s communities for tourism, creative industries, housing

Several of the region's communities have recently received substantial investments from state and local funding sources in the way of grants for a variety of projects to enhance the economic vitality of their communities. The stories below describe how they are using the funds to enhance tourism, creative arts, and housing.

Success Story

Partnership in Summit County creates Summit Biz: Training program for entrepreneurs and business owners The Summit Prosperity Initiative (SPI), a partnership in Summit County created to enhance economic prosperity has created the Summit Biz Program to provide business training for entrepreneurs looking to start a business and business owners looking to grow their business. Since…

Partnership in Summit County develops training program for entrepreneurs and business owners

The Summit Prosperity Initiative (SPI), a partnership in Summit County created to enhance economic prosperity has created the Summit Biz Program to provide business training for entrepreneurs looking to start a business and business owners looking to grow their business.  Since September of 2020, five cohorts have been held with 44 graduates from the program.

Partnership and capacity building at work to support older adults in Eagle County

Golden Eagle has provided 36 units of housing for low-income older adults since 1986. NWCCOG has helped secure a USDA Housing Preservation Grant to fund improvements to this housing development over the years since 2009, resulting in over $180,000 in funds.

Partnership and capacity building at work to support older adults in Eagle County

Golden Eagle has provided 36 units of housing for low-income older adults since 1986. NWCCOG has helped secure a USDA Housing Preservation Grant to fund improvements to this housing development over the years since 2009, resulting in over $180,000 in funds.

Partnership and capacity building at work to support older adults in Eagle County

Golden Eagle has provided 36 units of housing for low-income older adults since 1986. NWCCOG has helped secure a USDA Housing Preservation Grant to fund improvements to this housing development over the years since 2009, resulting in over $180,000 in funds.

Red Cliff Broadband Program

Cliff never felt so far from civilization as when cell phones and broadband be-came standard tools for living and working. Town doggedly pursued broadband to bring the modern era to it’s citizens for close to a decade, and didn’t get far until NWCCOGs program came along. After nearly 4 years of assistance from NWCCOG and…
NWCCOG Regional Economy – Q4 2021

The June 2022 Regional Economic Update presents the most recently-released jobs and wages data published by the U.S. Bureau of Economic Analysis, Quarterly Census of Employment and Wages for Q4 2021 for the NWCCOG Region which includes the six counties of Eagle, Grand, Jackson, Pitkin, Routt, and Summit.  The accommodations & food services sector accounts for the most jobs in the region (23%), as the region’s main economic driver is tourism. Arts, entertainment, recreation (9% of jobs), retail (11% of jobs); and real estate rental/leasing (6% of jobs) all support the tourism-based economy. Construction (9% of jobs), healthcare (8% of jobs), and public administration (6% of jobs) also contribute to the economy while being non-tourism based.

Q4 2021 Regional Snapshot:

  • Total Jobs: 92,213 / Yr. over Yr. Chg.: +5,067
  • Total Establishments: 11,511 / Yr. over Yr. Chg.: +445
  • Labor Force: 95,118 (May 2022); Yr. over Yr. chg.: +5,336
  • Regional UE Rate: 2.7% / Yr. over Yr. Chg.: -3.4%
  • Annual Average Salaries:
  • Eagle County: $64,584
  • Grand County: $51,584
  • Jackson County: $44,772
  • Pitkin County: $80,340
  • Routt County: $60,008
  • Summit County: $56,056

Wages

The region’s counties have experienced increase in annual average wages year over year, all reporting positive increases anywhere from +0.9% (Jackson County) to +15.2% (Pitkin County). This may be due to the recent increases by two of the region’s largest employers (Vail Resorts and Aspen Skiing Company)  increasing their minimum wages to $20/hour. This is also due to the increase in jobs in higher-paying sectors across the region including the professional and technical services sector, and healthcare sector.  Specifically, Eagle County reported an increase of 349 healthcare sector jobs, the sector paying an annual average salary of $90,480. Routt County reported an increase of 114 jobs in the professional and technical services sector, paying an annual average salary of $96,720. 

What’s New:
Factors Influencing the Labor Force in the NWCCOG Region
Colorado Department of Labor & Employment, presented to EDD board on 1/27/22

 

County-level data