International publication, Site Selection Magazine, has released its 2023 Colorado Business Comes to Life edition detailing the economic landscape of the state. Among the featured articles, the publication takes a close look at the metro areas driving the Western U.S. economy and names Grand Junction among the largest economic centers of the state.
Excerpt from 5 Colorado Cities to Watch Article:
Grand Junction
Located between the Rockies and the Moab Desert, Grand Junction is a place where people embrace both the Western work ethic and new-age innovation. Grand Junction has seen its workforce grow by 29% over the past decade, and yet it still boasts a lower cost of living than most metro areas. For example, you can buy an average home here for just $270,000.
More than a third of all residents have a college degree, and Grand Junction’s own Colorado Mesa University ranks as the fifth fastest-growing university in the country. This talent base is a big reason so many companies are choosing to invest in Grand Junction.
Spares in Motion, a Netherlands-based company, received a Rural Jump-Start Tax Credit on Jan. 10 to expand in Grand Junction. The firm is the largest international e-business platform for the wind turbine market ranging from spare parts and repair capabilities to wind turbine service and new and used turbines. The Grand Junction operation will supply components and repair work for wind turbines in the U.S., Canada and Mexico.
“Grand Junction has been my home for over 10 years,” said Justin Canup, director of business development for Spares in Motion. “When Spares in Motion was looking for a North American location, I suggested Grand Junction because it’s centrally located and right off a main highway, making it easy to access support for wind farms across North America.”
He added that “being approved for the Rural Jump-Start Program is a great benefit, which will help us get started and work with Colorado Mesa University on projects and internships. The Grand Junction Economic Partnership has been a great support, helping us get settled and providing us with the needed resources. We’re excited to grow in Mesa County and contribute to the community’s stability.”
Read the full article: siteselection.com/cc/colorado/2023/5-colorado-cities-to-watch.cfm
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