Each month, BizWest asks a business leader to participate in a question and answer feature to help shed light on a business topic, an industry or add insight to a field of endeavor. This month, Walt Elish, business development manager for the town of Berthoud, talks about trends happening in one of Northern Colorado’s fastest growing communities.
BizWest: We’ve now gone through about a year of economic constraint as a result of the pandemic. What has been Berthoud’s experience economically this past year?
Walt Elish: Economically, Berthoud had a record year in 2020. Our 2020 revenues were about 35% higher than 2019. This was primarily due to the increase in the sales and use tax collected and the increase in the number of single-family permits issued. With this increase, however, it should be noted when preparing the upcoming budget for any given year, our finance director and town administrator cautiously plan for possible unforeseen circumstances. COVID-19 just happened to be that unforeseen circumstance!