Economic overview - Three local experts weigh in on La Plata County’s statistics

Img ?1512216803

CLOSE TO HOME: RESPONDING TO SEXUAL ASSAULT IN OUR COMMUNITY

Economic overview - Three local experts weigh in on La Plata County’s statistics

An artist’s rendering shows the new Mercury Payment Systems building, which will be part of the Mercury Village site created by Russell Planning & Engineering. It emphasizes attention and care toward outdoor amenities and connectivity of the building and site to the natural environment, specifically the river corridor. The building will be respectful of the Animas River user as well as the Animas River Trail user. The buildings can be viewed in the round (no back to the river). The building will include a lower walkout level, which integrates it to the natural grades rather than having it perched on a newly formed hill. The building will be sustainable in nature and sensitive to its use of resources. The project is pursuing LEED Silver certification. One of the most beneficial features for employees is the maximization of day lighting and views, which is also a sustainable feature. Gregg Andrulis of Russell Planning & Engineering said the estimated date for the completion of the Mercury Village site is December 2012, and completion of the Mercury building is October, 2013.
Is your business taking advantage of Colorado Enterprise Zone Program?

You could be missing out on Colorado income tax credits for your business. The Enterprise Zone Program encourages job creation and capital investment in economically depressed areas by providing tax credits to businesses and projects to promote and encourage economic development activities.

Did you know your business …

• Could receive a 3 percent Investment Tax credit on equipment purchases.

• Could get job training tax credits of 10 percent on qualified training expenses.

• May be eligible for Research & Development Increase Tax Credits of 3 percent on expenditures.

With a New Business Facility (NBF) designation, you could receive…

• Jobs credits – $500 per new job.

• Ag Processing Jobs Credits – $500 per new job (job credit + ad processing job credit = $1,000)

• Health Insurance Credits – $200 x 2 years ($4,400) additional per new job.

• Could see 25 percent of rehab expenditures (hard costs) credited under the Vacant Building Rehabilitation Tax Credit.

• As a manufacturing or mining business, the Manufacturing and Mining Sales and Use Tax form can exempt you from sales tax, if filled out prior to purchase and given to your vendor.

• If located in Archuleta, Dolores or San Juan counties, it could mean larger tax credits under the Colorado Enhanced Rural Enterprise Zone Program (EREZ).

Call the Region 9 Economic Development District of Southwest Colorado at (970) 247-9621 or visit www.advance colorado.com/ez for more information.

Largest Employers

Southern Ute Indian Tribe 1,500

Mercy Medical Center 625

Durango School District 9-R 544

Fort Lewis College 535

City of Durango 500

Mercury Payment Systems 442

La Plata County 412

Wal-Mart 353

Durango Mountain Resort 346



San Juan Basin Health 226

Employment in Top 10 Industries

Numbers represent employees and average income.

Government



6,015 $55,270



Retail Trade



3,819 $24,973



Construction



3,728 $44,764



Health Care & Social Assistance



3,378 $45,376



Accommodation & Food Service



3,289 $16,302



Professional, Scientific & Technical



2,525 $54,856



Real Estate Rental & Leasing



2,349 $30,869



Administrative & Waste Management



1,765 $37,494



Finance & Insurance



1,688 $79,768

Other Services

1,589 $28,894



Total Employment



36,671 $40,924

Top 10 Job Occupations

Numbers for business types reflect the number of employees and average wages per year.



Management

3,845 $54,629



Office & Administrative Support



3,434 $30,908



Sales



3,143 $40,492



Construction, Extraction & Maintenance



2,961 $46,435



Food Preparation



1,686 $21,136



Grounds Cleaning & Maintenance



1,325 $23,958



Education, Training & Libraries



1,289 $39,600



Business & Finance



953 $38,542



Personal Care & Service



891 $19,934



Production



868 $35,520



Total Job Occupations



27,704 $39,054

Economic overview - Three local experts weigh in on La Plata County’s statistics

An artist’s rendering shows the new Mercury Payment Systems building, which will be part of the Mercury Village site created by Russell Planning & Engineering. It emphasizes attention and care toward outdoor amenities and connectivity of the building and site to the natural environment, specifically the river corridor. The building will be respectful of the Animas River user as well as the Animas River Trail user. The buildings can be viewed in the round (no back to the river). The building will include a lower walkout level, which integrates it to the natural grades rather than having it perched on a newly formed hill. The building will be sustainable in nature and sensitive to its use of resources. The project is pursuing LEED Silver certification. One of the most beneficial features for employees is the maximization of day lighting and views, which is also a sustainable feature. Gregg Andrulis of Russell Planning & Engineering said the estimated date for the completion of the Mercury Village site is December 2012, and completion of the Mercury building is October, 2013.
Reader Comments
click here to add your event
Durango ~ Events
click here to add your event
Durango ~ Events