Colorado Springs

Despite pandemic and recent layoffs, Pueblo poised for strong 2021 – Colorado Springs, Colorado

Colorado Springs, Colorado 2021-02-22 22:58:06 –

Pueblo, Colorado-The initial predictions of a pandemic were bleak. Due to limited knowledge of the virus and how long it lasts, some predictions coming to Mayor Nick Gladisar’s office showed a monthly decline in income of over 70%, some Annual Forecast forecasts sales tax revenue to 20% tank.

But that was the worst scenario. Pueblo ended in 2020, with a 3.6% increase in sales tax revenue from 2019 to 2020.

“We were absolutely ecstatic because it wasn’t as bad as some people expected,” Gradsar said.

The mayor said, “Not everything is rosy,” because the city needs to immerse itself in reserves to balance its budget. His original budget request was $ 7.1 million.

Mayor Gladisar admits that the pandemic was serious not only in many restaurants and retail stores, but also in hotels as accommodation taxes were reduced by 22% each year, and his optimism comes from fun.

The Pueblo Economic Development Corporation examines similar cities and compares their situation.

“Pueblo actually worked pretty well, probably better than many communities,” said Jeff Shaw, president and CEO of PEDCO.

According to Mayors Gradisar and Shaw, the reason is probably in the city’s manufacturing and construction sectors.

They point to increased construction and sales of building materials that boosted sales tax revenues.

Gradisar points out a deal with Evraz Steel Mill, which pays sales tax in advance for a facility expansion project. He states that he will pay about $ 177,000 in taxes each month for the next three years.

“I think we are very much looking forward to some of these industries remaining strong and helping us overcome this,” said Mayor Gladiser. “For example, home construction expects to take off dramatically in Pueblo.”

Growth is driven by some of Colorado’s toughest COVID-19-related restrictions, but by local governments. Gradisar enforced a curfew for the last 60 days of 2020, as the number of counties showed some of the fastest spreads in the front range community. Currently, Pueblo County is one of the most populous counties at the “blue” or “cautious” level on the state’s COVID-19 dial.

“You can see that some of these restrictions on activity have actually paid off,” said Mayor Gradsar.

However, not all manufacturing in the city is booming as wind turbine maker Vestas announced the dismissal of 120 people on Friday.

“There are concerns about a decline in the employment of employees working there, but that’s not important in a grand plan of things,” Shaw said.

Facilities Pueblo is building more towers for wind turbines than anywhere else in the world.

Another Vestas facility in Colorado has been closed, and Shaw believes that Pueblo’s manufacturing history, especially steel, is one of the reasons why Pueblo stores remain open.

“We know it’s in a strong position,” Shaw said. “We are clearly very much looking forward to and confident that they will continue to be strong, and because of how our organization and community handle manufacturing, we are I will do everything I can to keep them strong and here as much as possible. “

During the pandemic, Shaw said PEDCO and other economic development and business advocates worked together to coordinate their mission to better support the recovery of Pueblo.

Part of an initiative called “One Pueblo” shifts the community approach to marketing. Shaw says it encourages more aggressive targeting of businesses in other cities and towns and relocation or expansion to SteelCity.

“We see 2021 as an opportunity to significantly drive growth in Pueblo,” Shaw said.

Despite pandemic and recent layoffs, Pueblo poised for strong 2021 Source link Despite pandemic and recent layoffs, Pueblo poised for strong 2021

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