- June 30, 2021
- Posted by: Stratford Team
- Category: Business
Durango is full of people with great ideas capable of building businesses. But while it’s one thing to build a successful business in Durango, as it turns out, it’s another to keep it here.
Entrepreneurs in Durango – especially those in manufacturing – soon find out that transportation costs are expensive here in the outback of Southwest Colorado. Another problem is that land and construction of facilities is much more expensive here than in large cities. Finally, skilled labor and professionals are at a premium in Durango – and if you hire from elsewhere, there’s a good chance the incoming workers won’t be able to find affordable housing.
Many small-business owners reach a decision point at which, in order to keep growing, they’ve got to move elsewhere or sell to a larger business – which usually wants to move part or all of the Durango firm to wherever their larger…