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May 14, 2017 by CustomHome360

December 9, 2016 – The CU Leeds School of Business just released its 52nd annual Colorado Business Economic Outlook. Here are some 2017 predictions for Mesa County via The Business Times:

The business and economic outlook for Mesa County will continue to ‘trend positive’ for 2017.

The assessment is based in part on the prospect of further diversification of the local economy, programs offering tax incentives for new businesses and jobs, and the quality of life offered in the area.

As of November, 4,234 real estate sales worth a combined $993 million were reported in Mesa County for 2016. Compared to the same span in 2015, transactions rose 13.8 percent and dollar volume increased 10.5 percent. Year-to-date numbers for 2016 already top year-end totals for 2015 and have climbed to their highest level since 2008.

Mesa County remains a regional hub for health care, education and tourism. Community Hospital opened a new four-story facility and St. Mary’s Medical Center completed the buildout of its patient tower. Colorado Mesa University ranks among the largest employers in the region. One million people visited lodging properties in Mesa County during 2015. The Colorado National Monument attracts more than 500,000 visitors annually, while the wineries and mountain bike trails in the Grand Valley remain popular destinations.

Statewide, population growth contributes to economic growth. By percentage, Colorado has the second-fastest growing population with a projected total of 5.5 million in 2016.

Colorado will continue to rank among the top 10 states nationally for employment growth. The construction sector is expected to add 9,000 jobs as gains in single-family home building offset a decline in new multi-family housing.

Custom Home 360 builds luxury homes in the Colorado region west of the Continental Divide, including Moffat, Routt, Rio Blanco, Garfield, Mesa, Delta, Montrose, Gunnison, Hinsdale, Ouray and San Miguel counties.

The region contains plentiful sources of oil, natural gas, uranium, and coal. It is also known worldwide for its ski resorts, with popular destinations such as Aspen, Crested Butte, Vail, and Steamboat Springs.

Although the area's economy is dominated by energy extraction services and tourism, the Grand Junction area's most prominent economy sector is health care.

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