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Manufacturi ng Wholesale and retail trade generally reflect the rise and fall of local con- sumer expenditures and, with the exception of the influx of tourist dollars, represent existing money circulating throughout community as a result of con- sumer purchases. "New" money to the community comes from such sources as tour- ism and locally manufactured goods which are sold outside of the immediate trade area. Many smaller communities such as Canon City are actively trying to develop a base of industrial and manufacturing activity. A more diversified economy, especially one with regional or national trade areas, tends to be less dependent on the cycle of local business activity, thereby providing the promise of stability during periods of economic decline. Thus because it represents a source of "new" money and a broader based economy, manufacturi ng has been traditionally viewed as an asset to a community. Tables 25 and 26 present data on manufacturing in Fremont County. It can be assumed that most of the manufacturing firms listed for the County are located in the Canon City planning area. Employment trends within the manufacturing sector have been discussed earlier and show the development of manufacturing as a major employer and major source of personal income. Table 25 pOints to the significance of the manufacturing sector. The increases recorded in pay- roll, value of shipments and capital expenditures are indicative of growth in the manufacturing group and directly, and indirectly, contributed to the over- all growth of the Canon City economy in the ?eriod 1957-1972. TABLE 25 MANUFACTURING TRENDS - FREMONT COUNTY 1967 1972 28 8 700 $5.3 Million 18.2 Million 8. 1 Mill ion 25.9 Mill ion 3.2 Million All establishments Establishments with 20 or more employees All employees Payroll Value added by manufacture Cost of materials Value of Shipments Capital expenditures 26 6 500 $2.6 Million 9. 3 Mi 11 ion 4.2 Million 13.4 Million .4 Million Source: State of Colorado, U. S. Bureau of the Census, Census of Manufactures, 1967 and 1972. As can be seen in Table 26 on the following page the number of manufacturing firms increased from 26 to 28 during the period 1967-1972, with the two new firms falling into the employment size c3tegory of 20 to 99 employees. The industrial sector to experience the most growth, increasing from 8 to 12 firms over the period, was the machinery group with losses recorded in the lumber and wood products group. 68 1 I 1 I I 1 I 1 I 1 I I I I 1 I 1 I I I