Grand Junction, Colorado proves to be superb location for business
Grand Junction ranked third in a survey of the best small cities to do business.
According to the Milken Institute’s Web site, the Milken Institute/Greenstreet Real Estate Partners study ranks U.S. metropolitan areas by how well they are creating and sustaining jobs and economic growth.
Most of the data relies on information before 2009, when Grand Junction began to sink into the nationwide recession. Those of us who live here will be glad to tell anyone that not much has changed. In fact, Mesa County and Grand Junction have taken several steps to ease the tax responsibility for business in order to attract commercial enterprise.
The Grand Junction Economic Partnership, said they have received more inquiries for information about moving to or expanding in Grand Junction in 2009 than in 2008.
Grand Junction rose from fifth place in 2008 to third this year in large part because of job growth. The city ranked second among small metropolitan areas for job growth between March 2008 and March 2009. The city had 2.47 percent job growth then. Grand Junction ranked fourth for job growth between 2007 and 2008, and fifth for job growth between 2003 and 2008.
Grand Junction also did well in wage and salary growth categories, coming in sixth place for pay increases between 2006 and 2007 and ninth for pay increases between 2002 and 2007.
Salaries went up in Grand Junction during most of this past decade.
Personal income in Colorado dipped in the first and second quarters of the year, according to the U.S. Bureau of Economic Analysis.
Local personal income data for 2009 will be released early next year by the bureau.
Grand Junction ranked 66th in relative high-tech GDP growth from 2007 to 2008 and 74th in high-tech GDP growth from 2003 to 2008. Maybe nobody knows we have way fast DSL here.
Five Colorado cities appeared in the large metropolitan area listing, with Greeley coming in 20th, Fort Collins-Loveland coming in 22nd, Boulder at 44th, Denver-Aurora in at 55th place, and Colorado Springs placing 101st. Pueblo ranked 33rd in the small metropolitan area list.
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Posted: December 22nd, 2009 under Grand Junction Sentinel.