Nearly 37K nonfarm workforce jobs added in August
The Colorado Department of Labor and Employment recently released employment data showing Colorado's nonfarm workforce grew by 36,900 in August. In all, the state has gained 178,500 jobs during the past four months, according to the CDLE's survey of business establishments. Denver has added 18,800 jobs followed by Boulder (4,200), Colorado Springs (4,000), Fort Collins (2,000), Grand Junction (1,300), Greeley (600) and Pueblo (500). Colorado is at a 52.1% job recovery rate of nonfarm jobs from the COVID-19 pandemic, more than the national rate of 47.9%. Click here for the complete press release.
CSU awarded additional $3.1M for COVID vaccine development
A group of scientists at Colorado State University was awarded a base $3.1 million contract from the National Institutes of Health to continue development of a coronavirus vaccine called SolaVAX™. The research team aims to demonstrate the effectiveness of the SolaVAX process to inactivate SARS-CoV-2, which causes COVID-19, to be used in a vaccine against the disease. Click here for the complete press release.
Hotel occupancy, rates bounce back
The Colorado Hotel & Lodging Association recently released their August 2020 Rocky Mountain Lodging Report. Due to COVID-19, hotels had been facing lower occupancy rates and prices. In August, however, data shows the industry bouncing back. For example, Estes Park had an August occupancy rate of 70.4% and average daily price of $216.99. In April, those figures were 7% and $132.17 respectively. Fort Collins hotels posted an occupancy rate of 62.1% in August with an average daily price of $109.29. Loveland hotels were 52.6% occupied in August, a month where average rates were $97.72 per night. In Greeley, the monthly occupancy rate was 52.0% with a cost of $81.42 per night on average.
2nd Quarter home prices hold steady
Information and Real Estate Services (IRES) released their Q2 2020 MarketWatch Report. In Larimer County, the median sales price was $428,491 for Q2-2020, an increase of 0.8% year-over-year. The number of closed sales was down 14.3% coming in at 1,328. In Weld County, the median sales price was $375,000 for Q2-2020, a 4.2% year-over-year increase. The number of closed sales was down 19.3%, coming in at 1,330. In Boulder County, the median sales price was $598,500 for Q2-2020, a 3.2% year-over-year decrease. The number of closed sales was down 27.7%, coming in at 759.
30+ Northern Colorado companies make Inc. 5000
Inc. magazine recently released their 2020 rankings of the 5,000 fastest-growing companies in the United States. Over 24 companies in Northern Colorado and Boulder Valley made the list. Selected companies came from a variety of industries including health, education, retail and software. Companies making the list grew six-fold on average since 2016, during a time when the economy grew just 15 percent. Click here for the complete Inc 5000 2020 list. Explore the company profiles and interactive database that can be sorted by industry, region, and other criteria.
CSU, CU & NSF partnership for AI education
Colorado State University and the University of Colorado along with other universities have partnered with the U.S. National Science Foundation to help lead the creation of the National Science Foundation AI Institute for Student-AI Teaming. The mission is to explore the role artificial intelligence plays in the future of education and work force development with a special focus on providing opportunities for students from underrepresented populations in Colorado and the world as a whole. Click here to learn more.
Check out BizWest's Colorado Next digital publication, a guide for high-school students planning for life after graduation. The publication is designed to reach high school students, counselors and parents as they consider future opportunities. The latest issue features cool stuff being manufactured by companies right here in Northern Colorado, career avenues, help wanted and job apps. Check it out at: https://bizwest.com/next-2020/.
Several Colorado hospitals rank in Watson Health Top 100
IBM Corp. recently released their Watson Health annual list of the top 100 hospitals in the US and several Colorado hospitals made the list: UCHealth Poudre Valley Hospital, Medical Center of the Rockies, Rose Medical Center in Denver, UCHealth University of Colorado Hospital in Aurora, Sky Ridge Medical Center in Lone Tree and Swedish Medical Center in Englewood. 3,134 hospitals in the U.S. were analyzed based on clinical outcomes including numbers of complications, mortality and short-term readmission rates, and operating with financial efficiency. UCHealth and HealthONE in Denver were also named among the Top 15 health systems in the country. Click here for more information.
CU Boulder COVID saliva test
Researchers at the University of Colorado Boulder have developed a portable COVID-19 saliva test that returns results in 45 minutes. The research team has now spun off a company, Darwin Biosciences, to commercialize the test designed for widespread screening to help identify asymptomatic individuals. Click here to learn more.