Pueblo’s economy, a good story to tell

If Chicago is a city with ‘big shoulders,’ Pueblo, is just a little – much smaller – kind of ‘Windy City.’ It is a place that has struggled with the financial crisis but has not survived but has moved on.

Today, Pueblo, the state of southern Colorado’s economy – which is larger than several US states – has an economy that has varied from a rich company to one that can boast of being the world leader in the production of green energy-harvesting plants. out of thin air. The city is finalizing negotiations with a South Korean company, CS Wind, regarding the production.

“We’re in good shape,” said Jeff Shaw, Executive Director of Pueblo Economic. Shaw, native of Pueblo. The city’s infrastructure is strong, there is good access to land, and perhaps as important as anything, the city has plenty of water, he said. Shaw said the city also has a strong workforce ready to fill the jobs companies need to fill when they decide to relocate.

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A large number of workers will soon be available for new companies to consider in Pueblo when the destruction of a good portion of the World War II mustard industry is over. The pueblo is one of two places in the United States where soldiers preserve wartime relics. The deadline for this project to be completed is December 2023. Completion of the project will also mean the end of the former Pueblo Army Depot, a site until the 1980s that was one of the largest employers in the area. When this deadly weapon arrives, 1,582 workers will have the opportunity to find work.

Like all cities looking to improve their economy, much is being predicted about Washington’s political efforts to find a solution to the debt crisis. Shaw said that while the Pueblo doesn’t have many defense projects, “we’re still waiting for Congress to act.” Failure to deal with the debt crisis could plunge the country into financial trouble.

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Much of the state’s economic growth has occurred on the Front Range, an area that stretches from Fort Collins north to Colorado Springs. As a result, Pueblo’s unemployment rate, while not at a dangerous level, continues to register higher than Shaw would like. “We’re a little bit higher,” than the state average, he said. Pueblo’s unemployment rate stands at 5.4 percent, about 1.9 percent higher than the metro area.

In 2020, Pueblo voters overwhelmingly supported a half-percent sales tax for economic development. The fund, which has raised $10 million, is overseen by the city council and used by PEDCO to attract new businesses to the city. The use of money, like PEDCO’s to attract business, is a common practice in urban areas. Funding often builds infrastructure, including roads and other infrastructure.

According to the most recent census, the population of Pueblo is 112,000. The total population of the province was about 170,000. Shaw says Pueblo’s size and location make it a perfect fit for a company looking for a quality lifestyle and business environment.

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“We’re getting a lot of visibility inside Colorado,” said a PEDCO official. It says its location, with easy north-south access, good rail connections, available square footage and “close proximity to Colorado Springs,” where flights are quick and some of the city’s best selling points.

“We have a great story to tell,” Shaw said, not least of which is access to southern Colorado and what he calls an area that could be the state’s best-kept secret. Also, when companies take a good look at Pueblo, he said, they quickly learn that the problems of a big city are not found in Pueblo, including the daily problems of gridlock. “Most of the traffic in Pueblo is one-way electric.”`

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