Economic and Demographic Research
Development Research Partners provides research in support of business and community activities, ranging from community profiles to evaluating and forecasting economic and market conditions.
Recent Projects include:
2017 Economic Forecast for Metro Denver
The United States continued on an expansionary path through 2016 despite a slowdown in the first half of the year. The nation's businesses generated nearly 2.5 million jobs, the unemployment rate fell to 4.9 percent, and income continued to rise. Looking ahead, the pace of GDP will quicken in 2017, increasing to 2.3 percent with rising consumer confidence, increased consumption, new construction, and improved business investment. The unemployment rate will continue to fall, posting a 4.8 percent rate and the lowest since 2007. The price of oil is expected to rebound to about $50 per barrel in 2017 and the pace of inflation is expected to increase.
Metro Denver experienced job growth in each supersector in 2016 for the fourth consecutive year, leading to a gain of 45,400 jobs across the seven-county area. Employment growth in Metro Denver continued to outpace the nation and the state. In 2017, job gains will continue to be broad-based but at a slower 2.4 percent pace as labor markets tighten and unemployment remains low. Employment growth, increased income, and strong consumer confidence will contribute to healthy consumer spending activity, higher retail sales, and increased sales and use tax revenue for local governments in the Metro Denver region. Home price pressures should ease in 2017 with continued residential construction activity, slower sales activity of existing homes, and potential interest rate increases. The strength and diversity of the Metro Denver economy will ensure that the region continues to thrive in 2017.This presentation includes current and projected growth trends at the national, state, and seven-county Metro Denver level. The presentation features employment and unemployment trends, population growth, and the residential and commercial real estate markets.
Highlights of the 2017 Economic Forecast are available on the Metro Denver Economic Development Corp's website and a summary presentation is available below.
A webcast recording of the 2017 economic forecast featuring Patty Silverstein, President of Development Research Partners, can be seen below.
January 24, 2017
The Monthly Economic Indicators is a comprehensive analysis of economic conditions in the seven-county Metro Denver area, including Adams, Arapahoe, Boulder, Broomfield, Denver, Douglas, and Jefferson Counties. The report contains four sections: labor force and employment, the consumer sector, residential real estate, and commercial real estate. The report presents recent data and long-term trends for the seven-county region.
A synopsis of the current Monthly Economic Indicators is available on the Metro Denver Economic Development Corp's website.
Previous Monthly Indicators
Metro Denver Economic Development Corporation's Data Central
Development Research Partners provides timely and accurate economic and demographic data and research to the Metro Denver Economic Development Corp. Much of the data can be found on their website.
Toward a More Competitive Colorado - 12th Edition
Toward a More Competitive Colorado (TMCC) is an annual benchmark study measuring Colorado's competitive position among the other 49 states. The TMCC report utilizes over 100 different measures of economic competitiveness from numerous national rankings and studies, identifying the state's strengths and challenges in several key areas including economic vitality, innovation, taxes, livability, K-12 education, higher education, health, and infrastructure. The report includes several international measures analyzing Colorado's place as a global competitor. The full report, and an executive summary of the report are available on the Metro Denver Economic Development Corp's website.
The Millennial Influence in Metro Denver
The Millennial population includes individuals born between 1981 and 1997. Millennials are the largest population group in Metro Denver and are vital to Metro Denver's labor force and economic future. More information, including statistics and infographics are available at the Metro Denver Economic Development Corp's website
Community and Economic
Customized Economic Indicators Reports
Development Research Partners specializes in creating and preparing economic reports tailored to clients' specific geography and information needs. Reports may be prepared monthly, quarterly, or annually and may include current and historic economic conditions, business news, and real estate activity. Development Research Partners prepares customized economic reports for a variety of government and economic development organizations. Samples of a few reports are found below.