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Economic Forecast
Oil & Gas: Billions of barrels, thanks to fracturing
The oil and natural-gas business is expected to see even more growth in Northern Colorado in 2013 as key producers ramp up their investments in the Denver-Julesburg Basin. Houston-based Anadarko Petroleum Corp., for one, will invest more than $1 billion in Northern Colorado, and the company expects increased production next year, spokeswoman Robin ...
Health Care: Intensified competition, construction
Northern Colorado health care practices are bracing for many changes as they move into the new year and are preparing for even greater shifts coming in 2014.The Affordable Care Act means changes for every kind of provider, from specialists who own their own clinics to those employed by the region’s biggest health care systems. Many of the...
Renewables: Sector’s troubles to drag on
The 2013 economic outlook for renewable energy in Northern Colorado appears tenuous as the industry faces the loss of government subsidies and competition from cheaper fossil fuels. Wind energy’s future in the region depends on the renewal of the wind-energy production tax credit, which was set to expire at the end of December. Danish wind-...
Hospitality: High hopes, weather permitting
The fate of the 2013 tourism season in Northern Colorado rests in the hands of Mother Nature.Last summer, during the months that should have seen the strongest tourism traffic, the High Park Fire shut down roads, parks and businesses, keeping tourists both from within Colorado and elsewhere from their favorite summertime activities in Rocky...
Real Estate: A return of rising prices, home-building
The past year has seen a revival in Northern Colorado’s residential and commercial real estate markets, and 2013 should bring even more good news to the sector.On the residential front, both home sales and home prices are expected to rise in the coming year, by as much as 3 percent, according to Re/Max Alliance broker Sean Dougherty. Across...
Agribusiness: Greener pastures on the horizon
The state’s agriculture industry is expected to do well in 2013 after posting record net farm income of $1.4 billion in 2012 despite the drought, according to the University of Colorado Leeds School of Business Economic Outlook. High market prices in 2012 offset lower crop yields. In 2013, yields will rise as long as predictions for...
Banking: The return of lending, finally
In spite of all of the national turmoil in the industry, community banking in Northern Colorado is looking up, according to industry veterans.Banking has been on a slow upward trajectory, with a few bumps in the road, for most of 2012 and continued positive economic news should allow community banks to improve even more in 2013, according to...
Technology: Softening seen in some areas
The economic outlook for technology depends on which of the myriad of segments of the industry you’re talking about, so there are bright spots and dim prospects alike. Statewide, the computer and electronics manufacturing industry could lose 600 jobs after gaining 500 jobs in 2012, according the 2013 Economic Outlook from the University of...
2013 Predictions
What some of the experts tell us to expect in the year ahead:"Certainly there are some (oil and natural-gas drilling) bills from last year that were proposed that we anticipate could come back, but it's going to be our job to educate legislators from both parties about what opportunities the industry presents." Stan Dempsey, president, Colorado...
5 Reasons for hope, concern in the new year
5 Reasons for hope in the new yearMore business creation. Colorado performs particularly well in terms of small-business measures, scoring high relative to the nation with respect to new-business creation and returns on labor. The state's large amount of public funding for small-business innovative research and technology-transfer grants also...
