Colorado is home to thousands of refugees from all over the world who fled violence and persecution to seek safety and sanctuary in the United States. As these individuals and families put down roots in Colorado, they spark a multitude of regional economic impacts through their spending and through the wages they earn working in industries across the economy. The intent of this study is to understand the economic impact of the public support paid to refugees and their families as well as the economic impact of refugees' employment earnings over time.
This is the second year this particular type of a farm business report, relating to farms on first-grade dry farming land in northeastern Colorado, has been published. This summary report is presented primarily for those farmers who have cooperated with the Colorado State Agricultural College Experiment Station by keeping records of their farm businesses during the calendar year 1938.
This memorandum provides an update on leading economic indicators to inform the General Assembly about the ongoing state of the Colorado and U.S. economies. Select indicators for business activity, employment, consumer activity, and energy activity are provided. Data for June and early July suggest an ongoing recovery from the COVID-19-related recession. However, economic activity remains well below pre-pandemic levels, and the impacts of the pandemic on leisure and hospitality industries remain significant.
