Agenda - Council - 10/25/1983 - Laserfiche WebLink

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entrepreneurial climate has some positive features. According to Inc. magazine, in 1982, the Region had one of the strongest showings oaf~'fi~metropol~ iran area° In a ranking of the t00 fastest growing small businesses in the nation, seven are located in this Region. Only the Denver-Boulder metropolitan area, with five companies, had a comparable showing° Between 1970 and 1980, the total number of business establishments in the Region increased by 49 percent, compared with a 29 percent national increase~ Employment in these firms increased 38 percent in the Region, compared with a national increase of 31 percent. The number of small businesses in the Region, those with 20 or fewer employees, increased 51 percent from I970 to 1980, compared with a 28 percent increase nationally. In the Region, small businesses made up 82 percent of all business establishments in 1980, compared with 86 percent at the national level. Things have been good if one looks at the past 10 to 20 years. However,. the last two years have not been good ones for the Region economically. Questions have been raised about the stability of the state economy and future growth prospects. The policies that follow are part of an effort to help deal with that issue° m I m m m m I m m m m m m m m m m m m