Greetings LLCEDC Members & Community Leaders,

SAVE THE DATE!

Us and our partners at Colorado Mountain College, Colorado Department of Employment, Colorado Workforce Center, Lake County School District, and Central Mountain Small Business Development Center are launching Lake County's first Future of Work Bootcamp!

This one day event offers opportunities to enhance employer readiness for participation in Work Based Learning Practices, which include implementing internships, apprenticeships, and more!

Please join us on Wednesday, October 26, 2022 on the Colorado Mountain College Leadville Campus, from 10am to 5pm, for this amazing opportunity to learn how to better Lake County's workforce and educational system.

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The Leadville Lake County Economic Development Corporation is the leading catalyst for business success by helping to retain and expand the economic base in Leadville and Lake County.

On behalf of all of us here at the LLCEDC, thank you for your continued support of our organization - and please always reach out if we can help! See important updates below.

LLCEDC Team

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LLCEDC is committed to the development of all of Leadville/Lake County diverse and sustainable economy for all of Lake County. More about us » and Follow us on Facebook »

New Member Highlight!

AngelView LLC

“Ranch Life, Elevated”

AngelView at Twin Lakes is a high-end residential community of 18 homesites called “Homesteads” due to the large, three-acre lot size carefully placed within the beautiful mountain terrain at the foot of Mount Elbert. AngelView prides itself in a high environmental ethic through the preservation of wildlife corridors, protection of sensitive wetlands and responsible wildfire mitigation. AngelView is excited to continue membership and build a strong partnership with the LLCEDC and business community.

Please welcome AngelView at Twin Lakes!

Visit Their Website

The LLCEDC will be highlighting key partners and members. Sustaining, growing and maintaining the future of Leadville/Lake County takes all of us.

Climax Website

Better City Website

COMMUNITY RESILIANCY PILOT PROJECT

BETTER CITY HELPS DRAFT A RESILIENCE PLAN

For those that haven't been informed, Climax Molybdenum and Better City have chosen the LLCEDC as their partner for their resiliency action plan project, which is geared to develop preventative measures towards community threats. These threats can include a variety of incidents, such as the Closure of the Climax mine which will inevitably result in decrease in property tax value.

Recently, the Herald Democrat published an article to review the project and updates since its first steps.

To read the full article, click HERE

SBDC'S 2ND ANNUAL OUTDOOR INDUSTRY SUMMIT

Join us and other outdoor enthusiasts for Central Mountain Small Business Development Center's 2nd annual Outdoor Industry Summit!

EARLY BIRD TICKETS

The Central Mountain Small Business Development Center (SBDC) will be hosting their 2nd annual Outdoor Industry Summit at Salida Steam Plant Center on Monday, September 19th. Topics of discussion include Business and Leadership Development & Innovation, Sustainability and Stewardship, and more!

Monday, September 19th,

Salida Steamplant Event Center

220 W. Sackett Ave.

Salida, CO 81201

Agenda and Registration

Visit SBDC Website

BR&E Updates

BUSINESS RETENTION AND EXPANSION (BR&E) COMMITTEE UPDATE

In the attempts to sustain and develop our local economy, we at the Leadville Lake County Economic Development Corporation have begun work to launch our Business Retention & Expansion (BR&E) Committee. This sub Committee will orient themselves around the scope of work needed to better identify the needs and setbacks of businesses in Lake County.

In May of 2022, the LLCEDC hired a contractor to lead the Committee, and since, the BR&E Committee has identified over 500 businesses to visit with the purpose of finding the challenges and struggles they are facing in today's economy. There have been upwards of 40 site visits to Lake County businesses since the Committee's start on June 15, 2022. Common issues that have been stated include long term staffing, inability to keep up with business growth, and lack of recognition/marketing issues.

Stay tuned for more updates as the Committee continues their important work.

Leadville-Twin Lakes Tourism Stakeholder Survey

Visit Leadville-Twin Lakes / Lake County

This Tourism Stakeholder Survey is designed to help Visit Leadville-Twin Lakes create a feedback loop with local tourism-related businesses to understand their outlook, barriers, and priorities.

The benefits of collecting this important information include:

Provide an avenue for local tourism businesses to provide input on decisions that impact the destination.
Understand how the local tourism business community is operating.
Understand what barriers may be impacting the success of local tourism businesses.
Receive input from local tourism businesses on destination priorities.
Identify opportunities that will benefit the local tourism industry.
Foster a shared sense of ownership in the future of your destination

Take Survey HERE

OEDIT RURAL OPPORTUNITY UPDATES

WORKFORCE DEVELOPMENT UPDATES

Lake County Labor Market Key Market Indicators

In the LLCEDC's last Board of Directors Meeting, our partners from the Colorado Workforce Center and the Colorado Department of Labor and Employment presented updated statistics of the Lake County Labor Market, including unemployment and total Labor force. To review the presentation, click HERE.

ATTENTION BUSINESS OWNERS AND EMPLOYERS

As a means to further address the employment crisis in Lake County, us and our partners at the Northwest Colorado Workforce Center will be announcing local job postings on a bi - weekly basis. If you have open positions that you are looking to fill, please contact our Leadville specialist, Sue Miller, at (719) 486-2428 or email at sue.miller@state.co.us or stop by their office at Colorado Mountain College, 901 S. Hwy. 24, New Discovery Building, Room 219, Leadville, CO 80461.

For further information on the Northwest Colorado Workforce Area, please visit their website HERE

LAKE COUNTY HOT JOBS

For all listings with complete job descriptions and to apply, log on to ConnectingColorado.com or use the Colorado Jobs App on the App Store (Android Link Here) to search for jobs.

On your home page, enter the job number (JO#) in the first field on the Job Search and click "Search," or put the desired job in the job search field up top by location. We can help, call Employment Specialist Sue Miller at (719) 486-2428.

View Job Postings

RESPONSIBLE TOURISM IN LAKE COUNTY

As Summer rolls in to the high country, so do campers and cars full of adventure seeking travelers who are eager to experience what the outdoors of Lake County has to offer. Unfortunately, year after year, our land is damaged, dirtied, and left worse for wear due to reckless treatment from those that enjoy its beauty. However, much of the wear and tear can be reduced and even avoided completely with proper precaution and the right approach to hiking, camping, and other activities that draw people to our home.

From pet safety to putting out your campfire, this pamphlet from the Leadville Herald Democrat (and partners) covers a wide variety of frequently discussed issues regarding outdoor recreation and the correct methods of approach to solve them.

A big thanks to all of the partners involved in helping put this together!

To view the pamphlet, click HERE

LAKE COUNTY'S 1% FOR THE OUTDOORS

Click HERE to view the pdf.

IMPORTANT LLCEDC MEMBER BENEFIT!

Peak Health Alliance is a member-led, non-profit health insurance purchasing cooperative whose mission is to leverage the purchasing power of an entire community by negotiating on their behalf for more competitive health insurance rates. Peak partners with local providers, hospitals, and carriers in Lake County to offer a full suite of comprehensive and affordable plans in the individual, self-funded, and small group market. Please contact Devin Kepler, Manager of Outreach at Devin@peakhealthalliance.org for more information, or visit our website at peakhealthalliance.org.

For an overview of Peak Health Alliance in Spanish, please click here.

Visit Website HERE

HOW TO ESTABLISH PRICING FOR YOUR OFFERING

Costs influence price. On a very basic level, price is the markup applied on the cost of the product/service offering. Businesses are not sustainable if costs outweigh the revenue, so figuring out ways to reduce costs in a startup and determining a price that exceeds these costs is crucial. This means the first rule of pricing has to do with the cost of goods. If a business’ suppliers and manufacturers are raising their rates, then an adjust to the business prices must be made to accommodate. Every $1 increase in the cost of goods, means at least $1 lost on the business profit. Review pricing often, and negotiate with vendors to keep your costs low. Things like pre-paying or shortening the pay window may be enough to negotiate lower rates with some vendors. Bulk purchasing may be another option to keep your costs low. But when all else fails, a price increase to the customer may be the best solution.