After floods, Colorado getting key economic report
A flooded property in Weld County is seen from AIRTRACKER7's afternoon flight on Sept. 16, 2013
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Last Updated: 82 days ago
DENVER - Legislative economists say employment in the construction, building materials, and lodging industries can be expected to increase in the aftermath of the floods that ravaged large parts of northern Colorado.
The economists told lawmakers Friday that the impacts of the flood are not fully known yet, but that generally after disasters there is a sharp drop in economic activity, followed by a rally when resources are spent in rebuilding.
Legislative Chief Economists Natalie Mullis told lawmakers that the communities isolated by the floods will be the hardest hit and their economies won't bounce back until roads are repaired.
The economic figures being released Friday are crucial because they will influence Gov. John Hickenlooper's November budget proposal to lawmakers for the coming year.
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