Mention the name Steamboat Springs across the country and many people will conjure up an image of a ranching ski town. Winter sports put Steamboat on the map, but its diverse local economy now lures a lot more people to call this town “home”.
Hospitality and recreation remain the largest employment sector. Visitors contribute 40% of the total sales tax collections, which amounted to $9.7 million in 2017. The growth of industries, including healthcare, retail, public service, construction and real estate, have steadied seasonal employment peaks and troughs.
“With more direct flights added every year, we are seeing growing interest in location neutral workers and other businesses relocating to our community,” said John Bristol, development director for the Steamboat Springs Chamber Resort Association.
Yampa Valley Data Partners identified that location neutral businesses account for nearly 2,000 workers, generating $54 million in annual income. The trend has spurred a host of think tanks, start-up advisory and support groups, and shared office space opportunities within town.
In 2017, Steamboat was awarded a Creative District designation from Colorado Creative Industries, one of only three communities to be selected. Creative industries contribute approximately $50 million to the local economy and account for 431 jobs.
Despite the growth in commerce and cottage industries, agriculture and mining are still thriving. Workers come to Steamboat for the lifestyle it can provide; it’s just a case of getting creative to make it happen.
