Small and Local Business

Consumer Spending

What: Consumer spending is represented by the seasonally adjusted credit/debit card spending (7-day moving average) relative to January 4-31 2020.

Why: These figures are indicators of how much consumers are spending relative to early 2020. It reflects not only consumer confidence, in general, but also the circulation of dollars in the local economy through expenditures at local merchants.


Source: Affinity Solutions via Opportunity Insights Economic Tracker.Frequency: weekly, 1-week delayUpdated: 06/30/2021

Paycheck Protection Program Lending

What: The Paycheck Protection Program (PPP) was part of the Coronavirus Aid, Relief, and Economic Security (CARES) Act. The program authorized $813.5 billion in forgivable loans to be used by small businesses for payroll costs, and most mortgage interest, rent, utility costs, and certain other expenses. Each of the two draws can cover up to 2.5 months of allowable expenses.

Why: Small business utilization of PPP loans provides a measure of how much of the Federal stimulus package was injected into the Northern Colorado economy.


Source: Small Business AdministrationFrequency: periodicallyUpdated: 05/03/2021

Bankruptcy Filings

What: The number of business and non-business cases filed in US Bankruptcy Courts measures the volume of bankruptcy filings in a 12-month period. The cases include those related to all chapters of the Bankruptcy Code - Chapter 7, Chapter 11, or Other.

Why: Bankruptcies are a measure of financial distress.


Source: US Bankruptcy CourtsFrequency: quarterly, 3-month lagUpdated: 05/26/2021