PUEBLO– The inaugural monthly edition of the Pueblo City/County Economic Dashboard has been compiled and published to the City of Pueblo website. This report is filled with key economic metrics to enhance Pueblo’s competitiveness in attracting new jobs and investment in the community and will be updated on a monthly basis.
In 2021 the introduction of a providing comprehensive data to the City Council and community of Pueblo was presented to better track key economic development metrics. This proposal came from a City Council retreat idea with Council Member At-Large Dennis Flores with the support of the entire City Council membership and Mayor of Pueblo Nick Gradisar.
“The ultimate goal is to use the monthly economic dashboard such that the greater Pueblo region can address economic challenges and opportunities with more timely data and analysis,” said Flores.
The Pueblo City Council and Mayor were consulted for their advice with other Pueblo partners including Pueblo Economic Development Corporation (PEDCO), Pueblo Community College, Colorado State University Pueblo, the Colorado Workforce Development Center and other regional entities to provide data for the dashboard.
Director of the University of Colorado at Colorado Springs Economic Forum, Tatiana Bailey, Ph.D. developed a tool to track economic metrics in 2014 and agreed to partner with the City of Pueblo to provide this tracking for a county-wide viewpoint. Additionally, Bailey partnered with Abel Chavez, retired Century Link director to assist with this project and its development.
The tracking tool and economic metrics include top job titles along with the number of vacancies within the industry which is beside market salary range. Additional information about inflation, new job growth, unemployment rates, median earnings throughout Pueblo County, cost of living averages and median existing single-family home price comparisons with Pueblo, Colorado Springs and Denver can be accessed. The dashboard offers employment breakdown by sectors such as healthcare, education, construction, manufacturing, profession and technical services and others are tracked.
This economic dashboard is funded by the City of Pueblo with a commitment of maintenance and the distribution of the monthly distribution for at least two years’ time. The dashboard can be found here. This enables local businesses and leaders across Pueblo to receive the monthly reports for their use and continued recruitment, workforce training and education programs that meet the needs of economic development.
“It is the City’s intention to recruit business support to sustain the distribution of this dashboard after the initial two years,” said Flores.