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Study identifies economic drivers and hurdles for Colorado communities

Tags: Recent News

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The University of Colorado Leeds School of Business and the Colorado Office of Economic Development and International Trade (OEDIT) has released a new study that cites community visions, leadership pipelines, and public-private partnerships as factors essential to being an ‘economically resilient community.’ The study conducted a comprehensive statewide analysis of factors that affect a community’s economic resiliency to understand what makes some communities in Colorado thrive, while others fail to retain population and sustain economic growth.

“While our state as a whole has experienced an incredible economic rebound over the last several years, we know that the rebound has been uneven across the state,” said Gov. John Hickenlooper. “This study provides information that can support communities in building a diverse economic base and sound strategies to achieve economic resiliency.”

The study found that communities with a diverse economy, strong leadership, investment in education and healthcare, access to transportation, and quality of life are more resilient than others with similar demographics, educational attainment or geographic location.

Read the full article here.