According to Cliff Harald, the executive director of the Boulder Economic Council, Boulder’s future looks bright in spite of the damage from summer’s flood and the continued drag it has had on the economy. In a recent interview with the Boulder Daily Camera, Harald said that business expansions and hiring are up and that real estate vacancy rates in Boulder have fallen.
More bright notes, Harald stated, include millions of venture capital dollars that are being invested in Boulder companies. Additionally, there are increased revenues for the state and local governments.
However, Harald noted, the community is facing “severe and widespread” damage from the flood and years of recovery from it. While the recovery causes an increase in business for some industries, such as construction, it represents a hardship for the community as a whole.
In addition to the multi-million dollar flood recovery, he stated, companies are challenged with finding employees who have the skills they need and with a shortage of workforce housing. Still, the businesses that the Boulder Economic Council works with nearly all say that they’re planning to stay and to expand in Boulder. Further, more companies are coming in. Harald reported that there was a 50 percent increase in inquiries last year from businesses considering relocating in Boulder, and four small businesses have already stated that they plan to relocate here in 2014.
The Boulder community and its economy undoubtedly face a long road to recovering from the 2013 floods. However, when it comes to a community, Boulder is a strong one. And when it comes to the economy, Boulder continues to thrive and to provide an excellent quality of live for those who live and work here.
Housing Helpers is proud to be of service for those who plan to relocate to this great community. Whether you’re looking for workforce housing or housing for your own family, it helps to have the experience and knowledge that decades of work in Boulder real estate can provide. For more information, contact us today.