Report: Colorado economy outperforms nation’s
Colorado’s employment and personal income grew faster than the national average between 2000 and 2010, according to a report Wednesday from Headwaters Economics.
The Bozeman, Mont.-based nonprofit research group works to improve community development and land management decisions in the West.
The Headwaters paper says personal income grew by 15 percent in Colorado over the decade ending in 2010, ahead of the national growth rate of 14 percent.
It says employment in the state increased by 8 percent, outpacing the 5 percent national average.
And its says Colorado ranked fifth in the nation for “entrepreneurial activity” in 2010, as measured by new businesses launched per month for every 100,000 residents.
The paper says that over the 10-year period, government and health care/social assistance jobs increased the most in Colorado, followed by finance/insurance, professional/scientific/technical services and real estate.
The paper argues that there is a correlation between Colorado’s economic prosperity and the state’s success in protecting the natural environment, including national parks, as a contributor to quality of life.
“Protected public lands play an important role by providing recreational opportunities, wildlife habitat, and amenities that attract and keep creative people in Colorado,”Daphne Greenwood, an economics professor at the University of Colorado Colorado Springs, said in the report.
Ray Rasker, Headwaters executive director, said in a statement that “Western non-metro counties with more than 30 percent of federally protected public lands increased jobs by 345 percent from 1970 [to] 2010. These jobs extend far beyond tourism and include higher-paying service sectors as well such as engineers, accountants, or software developers.”
Report: Colorado economy outperforms nation’s – Denver Business Journal.