SW Colorado economy remains steady despite 416 fire

DURANGO — The southwest Colorado economy took a hit in 2018 from the 416 fire that put a damper on tourism, but economic conditions in Durango remained steady with growth in some sectors.

The Durango Herald reviewed economic changes affecting the community in a recent report. Among the notable events from the year was the $11 billion purchase of Worldpay Group by Durango-based Vantiv Inc., closure of the BP regional headquarters building in the face of a changing natural gas industry and establishment of multiple new businesses — enough to replace those that went out of business during the past year.

 

DURANGO — The southwest Colorado economy took a hit in 2018 from the 416 fire that put a damper on tourism, but economic conditions in Durango remained steady with growth in some sectors.

The Durango Herald reviewed economic changes affecting the community in a recent report. Among the notable events from the year was the $11 billion purchase of Worldpay Group by Durango-based Vantiv Inc., closure of the BP regional headquarters building in the face of a changing natural gas industry and establishment of multiple new businesses — enough to replace those that went out of business during the past year.