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REI Co-op's impending arrival in Durango in early 2025 has raised concerns among some local outdoor retailers about the impact of competition from its 20,000-square-foot store.
When Gov. Jared Polis released the state’s proposed budget for 2022 to 2023, the Colorado Chamber of Commerce pinpointed some of the items that could make the biggest impact in the state’s economy. According to...
COVID-19 restrictions were loosened in May, meaning the 6-foot physical distancing rule was officially removed along with all capacity restrictions. But lingering pains from the pandemic remained even as those mandates were lifted. As businesses...
Photo by Ashley Low When the virus began impacting Summit County in April 2020, Corry Mihm and her team scrambled to gather immediate data to show how the business community was impacted. Mihm, who is the project manager for the Summit Prosperity Initiative, said when she and her team began launching these surveys, the goal was to see how businesses were coping and identify needs that could be met through the initiative and the Summit Chamber of Commerce. The latest survey results were released Thursday, July 8. Mihm said the two biggest takeaways — and news worth celebrating — are that b...
Photo by Liz Copan / Studio Copan The Summit Prosperity Initiative’s recent economic impact survey reflected worsening business conditions and found that overall business confidence is decreasing and that staffing is a major concern. The survey results from Oct. 30 to Nov. 12 were grim, and that was before the county went into level red. Project manager Corry Mihm anticipates the November and December impacts likely will be worse than the study indicated. Year over year, October revenue declined about 10%. That figure varies greatly across businesses with about 18% reporting flat revenue, a...