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<br />1 Based on the number of tax notices sent outside the county. Two-thirds of the dwelling units in <br />Summit County are vacation homes. <br /> <br />Second homes accounted for the highest percentage of jobs and were the biggest economic <br />category. The percentage by category of the 82,333 total jobs in Eagle, Grand, Pitkin and <br />Summit counties is as follows: <br /> <br />Category <br /> <br />Percent # of Jobs <br />39% } 66% 32,110 <br />27% 22,230 <br />16% 13,173 <br />11% 9,057 <br />7% 5,763 <br /> <br />Second home <br />Winter visits <br />Resident <br />Summer visits <br />Other <br /> <br />During construction: <br />After construction: <br /> <br />18.7 jobs per unit <br />1.8 jobs per unit (security, lawn care, snow removal child care) <br /> <br />The size of the regular economy shown in billions of dollars per county is: <br /> <br />Eagle <br /> <br />Grand <br /> <br />Pitkin <br /> <br />Summit <br /> <br />Total <br /> <br />1.8 <br /> <br />.6 <br /> <br />1.4 <br /> <br />1.6 <br /> <br />5.0 <br /> <br />No slow down is seen in the second home growth rate. New money is coming into the area <br />because of the baby boomers (75 million baby boomers in the U.S.). They are all reaching <br />retirement age. That's why the second home growth is so high. Ages 55 to 64 is the peak <br />second home buying age: <br /> <br />Still working <br />At top of their income <br />Can write off interest expense <br /> <br />Our National forests went from being commodity forests to amenity forests. NWCCOG sees no <br />slowdown in sight until possibly 2024. <br /> <br />Makeup of Workers - Hispanic is the fastest growing category. From 1990 to 2000 the <br />percentage increases broken down by county is: <br /> <br />Eagle <br />Garfield <br />Summit <br /> <br />232% <br />336% <br />614% <br /> <br />L\CWCB Imaging\Caleb\Minutes\Colorado\2006\Colorado May 2006 minutes.doc <br /> <br />9 <br />