Guide for relocation to Steamboat Springs, CO

Business & Economy Fast Facts!

Routt County has a strong mix of industry sectors resulting in a diverse and vibrant local economy. The economy is considered diverse if the top three private industry sectors account for no more than 50 percent of employment and personal income. The top three industry sectors represent 35 percent as sources of employment and 32 percent as sources of personal income for Routt County residents.

Sources of employment –

Top 3 Industry Sectors 35%

Accommodations & Food Services 15.3%

Retail Trade 10.9%

Healthcare & Social Assistance 8.8%

Arts, Entertainment, Recreation (est.) 13.1%

Sources of income –

Top 3 Industry Sectors 32.2%

Healthcare & Social Assistance 13.4%

Construction 8.7%

Professional/Technical Services 10.1%

  • Source: Source: Colorado Dept. of Labor and Employment, QCEW Report, Q4 2015, December 2015 totals

Private business establishments by employment size

Employment size of establishment

Number of establishments

All Establishments

1,616

1-4 employees

1,114

5-9 employees

237

10-19 employees

133

20-49 employees

99

50-99 employees

21

100-249 employees

8

250-499 employees

2

1,000 or more employees

1

Source: U.S. Census Bureau, 2014 County Business Patterns by Employment Class Size (CB1300A13)

Steamboat Springs Sales Tax Collected By Month

STEAMBOAT SPRINGS SALES TAX COLLECTED BY MONTH

Jan-15

2,196,770

Feb-15

2,184,241

Mar-15

2,485,227

Apr-15

1,132,588

May-15

1,108,240

Jun-15

1,686,347

Jul-15

2,021,715

Aug-15

1,782,824

Sep-15

1,632,200

Oct-15

1,291,178

Nov-15

1,246,798

Dec-15

2,949,891

Jan-16

2,299,918

Feb-16

2,374,281

Mar-16

2,633,824

Apr-16

1,135,239

May-16

1,211,551

Jun-16

1,854,485

Source: City of Steamboat Springs Monthly Sales Tax Reports

Fast Facts

  • More than 90 percent of local companies have fewer than 10 employees and provide 50 percent of the jobs — a distribution more characteristic of metro areas than rural economies.
  • Major industries: mining, agriculture and residential, including second-home sector and location-neutral businesses.
  • Tourism’s estimated contribution to Steamboat’s sales tax revenues: 35 to 40 percent.
  • In addition to town’s winter guests, more than 360,000 visitors come to Routt County every summer.  
  • Winter (November to April) generates approximately 55 to 60 percent of city sales tax revenues.
  • Peabody’s Twentymile Coal Mine in Routt County is one of the largest coal producers in Colorado, employing 515 people and shipping 8.6 million tons of coal annually — more than 25 percent of Colorado’s total coal production.
  • Steamboat has rich connective ties with Routt County’s agricultural heritage and economy. Major crops produced include cattle, sheep, horses, hay, alfalfa, wheat, barley and oats
  • Organizations that help protect local agricultural assets include CSU Routt County Extension, Community Agriculture Alliance, Historic Routt County and Yampa Valley Land Trust.
  • Routt County has 10 depository institutions with comprehensive banking services.
  • The county is home to many entrepreneurial companies. Recent winners of the Colorado Companies to Watch award include Big Agnes, Go Alpine and Moots Cycles.
  • Location-neutral business is Routt County’s fastest growing economic sector, accounting for about 8 percent of wages earned by the county’s population and contributing up to $80 million to the local economy annually.
  • Major Employers in Routt County: Yampa Valley Medical Center, Peabody Energy, Steamboat Ski & Resort Corp.
  • Several outdoor recreation companies call Steamboat Springs home, including SmartWool, Big Agnes, Hog Island Boat Works, Honey Stinger, Creek Co., PowerIce, Sweetwood Cattle Co., Point 6, Moots Cycles, Talon Grips, Grass Sticks and more.

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