Fort Collins Industries Reported 2.7% Drop in Sales in 2020
The pandemic not only changed how people live in Northern Colorado, but how business is done.
The City of Fort Collins reported 2020 sales fell 2.7% during the year, going from $3.29 billion in 2019 to $3.20 billion in 2020.
The lodging industry took the biggest hit, seeing a 47.9% reduction in sales in 2020 and going from $75 million in sales in 2019 to $39.1 million in 2020.
Clothing and accessories (-26.4%), broadcasting and telecommunications (-19.8%) and restaurants, caterers and bars (-16.7%) were other industries hit particularly hard.
Meanwhile, some industries managed to make sales gains in 2020 in Fort Collins.
Manufacturing increased by $6.7 million or 11.1% in 2020. Grocery, convenience and liquor stores went up 9.2%. Pharmacy, salon and laundry services were up 8%.
Here's to hoping Fort Collins and the rest of Northern Colorado will see much industry growth in 2021.
Fort Collins Top Employers