Guide for relocation to Steamboat Springs, CO

Business & Economy

Starting a Business in Steamboat

Considering hanging your shingle in Steamboat Springs? The following is a list of business resources that can help:

Steamboat Springs Chamber Resort Association
www.steamboatchamber.com

Steamboat Springs Economic Development Council
www.steamboatbiz.com

SCORE
www.score.org

Mainstreet Steamboat Springs
www.mainstreetsteamboat.com

Steamboat Springs sales tax reports
www.steamboatsprings.net

Yampa Valley Data Partners community indicators
www.yampavalleypartners.com/community_indicators

Routt County livability index
www.livabilityindex.com

Colorado Mountain College
www.coloradomtn.edu

Colorado Office of Economic Development and International Trade
www.advancecolorado.com

Community information center
www.yampavalley.info

………………………………………………………………………………………………………….

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 employment and personal income. The top three industry sectors represent 38.4 percent as sources of employment and 42.4 percent as source of personal income for Routt County residents.

PRIVATE BUSINESS EST

  • Major industries: mining, agriculture and residential, including second-home sector and location-neutral businesses.
  • Tourism’s estimated contribution to Steamboat’s sales tax revenues: 35-40%.
  • Approximately 280,000 to 330,000 visitors come to Routt County annually (winter: 46%; summer 37%; other: 17%).
  • Winter (November to April) generates approximately 55-60% 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% of Colorado’s total coal production.
  • Steamboat has rich connective ties with Routt County’s agricultural heritage and economy. Major crops and livestock produced include cattle, sheep, horses, hay, alfalfa, wheat, barley and oats.
  • sourceofemploymentOrganizations that help protect local agricultural as sets 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, Boa Technology 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.
  • personalincomeMajor 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, Erik sen Cycles, Creek Co., Point 6 and Moots Cycles.

………………………………………………………………………………………………………….

Did you know…

More than 90% of local companies have 10 employees or less and provide 50 percent of the jobs… a distribution more characteristic of metro areas than rural economies.SaleTax

STRATEGIC BUSINESS ADVANTAGES

Yampa Valley Regional Airport 22 miles west of Steamboat City airport for private and charter service Four-hour drive to international airport Full option of product shipping and delivery services Multiple options for cellular and high-speed Internet services Plenty of industrial space for commercial growth Affordable utility costs compared to the rest of the nation Colorado tax rates for individuals remain low relative to national average Business taxes on par with national average.

“With advances in both communication and transportation technologies, the concerns of needing to be in a big city are a thing of the past for small outdoor manufacturers,” says Butch Boucher, president of local bike manufacturer Moots Cycles.

AMENITIES AND SERVICES FOR EMPLOYEES, FAMILIES

Fifth-largest ski area in Colorado; indoor Olympic-sized ice rink; six-court indoor tennis center; 1,053-acre Steamboat Lake Highly rated public school system as well as private and Christian school options Active church congregations in many denominations Quality, regional health care services and hospital ranked safest in Colorado by Consumer Reports Numerous restaurants, bars, retail stores; three major grocery stores Strings Music Pavilion; Free Summer Concert Series Taxi and shuttle services; bike lanes and trails; free city bus system