88 businesses were surveyed in Spring 2024 as part of a business retention and expansion initiative through the Northern Colorado Regional Economic Development Initiative. Please note that these bi-annual survey results represent different respondents at different times.
Key Takeaways
» Confidence in the Northern Colorado Economy, Annual Company Growth by Sales, and Annual Company Growth by
Headcount have trended negatively since our first survey published in March, 2023.
» Businesses expressed that their primary concerns involve inflation and increased costs related to products, living
expenses, and taxes.
» Despite concerns regarding rising costs, businesses continue to report optimism in their opportunities to expand and
modernize.
Is your company currently considering any of the following?
More companies report interest in expanding and modernizing, despite negative outlooks on the economy and business growth.
What is the greatest opportunity facing your business?
What is the greatest threat facing your business?
Consistent with results published in February 2024, the majority of businesses cited higher costs followed by the economy and government regulation as their largest threats.
What unmet needs does your company have?
Hiring Qualified Staff remains the most commonly cited unmet need.