Economic Recovery Plan for Pueblo
The recent article “One Pueblo: 21 agencies set to collaborate to help strengthen Pueblo’s economy” by Tracy Harmon published in The Pueblo Chieftain on January 26, 2021 highlights the 258-page “One Pueblo” economic recovery plan prepared by the Business Economic and Recovery Team. The “One Pueblo plan” was designed to strengthen economic resolve and help businesses survive through the coronavirus pandemic. The collaboration of 21 agencies formed this strategic plan with a vision to promote the city’s economic development post-pandemic. The plan priorities include vision alignment, workforce optimization, upgrades to foundational infrastructure, industry targeting, and positioning Pueblo as a creative, forward-thinking location for companies and employees.
Real Estate Investment Agents Benefit the Real Estate Transaction
The well-thought-out plan outlines the strengths and the weaknesses of Pueblo. The report state that “while the state of Colorado is seen as creative, forward-looking, and progressive, the area of Pueblo region is viewed as conservative, stagnant, and rooted in industry and ways of the past.” The reality is that Pueblo growing industries include advanced manufacturing and new technology. Perceptions take time to change, but they do change. Consider the perception of Weld County communities such as Greeley, Frederick, and Firestone as cow towns only a few decades ago. The perception of Weld County has evolved into an area of thriving bedroom communities and new industries. Weld county as an affordable alternative to communities in Boulder and Larimer county was a driving force in this transformation. Pueblo is currently the last remaining affordable alternative along the Front Range of Colorado, expect to see a similar transformation and changing of perceptions.
Investors Need a Real Estate Investment Agent
Working in partnership with a real estate investment agent, an investor can build a solid investment strategy based on market data, insight, and expertise. Execution of that strategy is made easier by leveraging their position as a client of a real estate investment agent. A client gains access to valuable relationships with lenders, property managers, inspectors, contractors, and appraisers through their agent’s referrals and introductions. Investor clients are better positioned to achieve their desired result.
Industrial Development Harnesses the Economic Growth
Known as the “Steel City” Pueblo has a reputation for manufacturing. Pueblo is well positioned to develop emerging industries and attract new manufacturing using advanced technologies implemented by innovative businesses. As the retail sector is expected to experience significant challenges nationally there will be a need in many markets to repurpose existing retail space. Having significantly less retail space than most markets this impact in Pueblo should be negligible. Without this significant disruption in the commercial real estate market Pueblo is well positioned to grow unimpeded in the manufacturing sector. Pueblo has capitalized on opportunities resulting from the legalization of marijuana and is well positioned to continue capitalizing in the manufacturing of hemp products such as paper products, automotive composites, food, building materials, and nutritional products.
Industrial Development Harnesses the Economic Growth
Known as the “Steel City” Pueblo has a reputation for manufacturing. Pueblo is well positioned to develop emerging industries and attract new manufacturing using advanced technologies implemented by innovative businesses. As the retail sector is expected to experience significant challenges nationally there will be a need in many markets to repurpose existing retail space. Having significantly less retail space than most markets this impact in Pueblo should be negligible. Without this significant disruption in the commercial real estate market Pueblo is well positioned to grow unimpeded in the manufacturing sector. Pueblo has capitalized on opportunities resulting from the legalization of marijuana and is well positioned to continue capitalizing in the manufacturing of hemp products such as paper products, automotive composites, food, building materials, and nutritional products.
Challenges in 2020 Benefit Pueblo?
The pandemic was harsh on the national economy and the economy of Pueblo felt this impact. During this challenge, the quality of life in Pueblo emerged as a leading idea. The appeal of the Pueblo area promotes employees seeking to escape from big cities and busy lives. The economic recovery plan considers how housing and the real estate market can be expanded and increased. The broader idea is how to make Pueblo a place where people wish to live and work. Inevitably, Pueblo has now been discovered. Economic and population growth can be expected in the decades moving forward. Follow the link to read:
“One Pueblo: 21 agencies set to collaborate to help strengthen Pueblo’s economy”
by Tracy Harmon published in The Pueblo Chieftain on January 26, 2021
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