That’s according to the fourth-quarter CEO Roundtable Executive Survey, conducted by BizWest. The quarterly survey focuses on C-level executives in the Boulder Valley and Northern Colorado. BizWest conducts CEO Roundtables in both areas, with executives gathering to discuss trends, opportunities and challenges within their industries.
“The economy is stuck and stagnant, leading to fewer projects,” said one respondent.
Three-quarters of respondents said tariffs would negatively affect their business operations, with 16.5% describing them as having a very negative impact, and 58.2% saying tariffs would have a somewhat negative impact. About 21% said tariffs would have no effect and 1.3% said they would have a somewhat positive impact. An additional 2.5% of respondents said tariffs would have a very positive impact.
Similarly, capital expenditures are expected to remain flat for about half of respondents, with 50.6% anticipating no change, 22.8% expecting a moderate decrease, 10.1% expecting a strong decrease, 15.2% a moderate increase and 1.3% anticipating a strong increase.
• Minimum wage: New minimum-wage requirements at the state, county or local levels are having no effect on 68.4% of respondents, with 24.1% describing it as having a somewhat negative effect, 6.3% very negative impact and 1.3% somewhat positive impact.
• Construction of new facilities: About 20% of respondents said their companies might require construction of new facilities, with 1.3% having definite plans, 1.3% somewhat likely, 15.2% considering one or more projects, 25% already under construction and 79.7% not at all likely.
Respondents hailed from a variety of industries, including agribusiness, banking and finance, brewing, business services, construction, government, health care, life sciences, manufacturing, natural products, nonprofits, outdoor industry, real estate, renewable energy, traditional energy and technology.
Respondents were asked the greatest challenge or opportunity facing their business or organization in the fourth quarter. Among the responses:
• “Unpredictable capital markets.”
• “Taxes, insurance and HOA fees have skyrocketed. We own our unit, but at this point it would be cheaper to rent elsewhere. Unfortunately, selling a commercial space right now is nearly impossible.”
• “I’m in the mortgage business. The greatest opportunity is new products coming into the market. The greatest challenge is excessive regulation from the Obama years, specifically Dodd-Frank and media lies.”
This article was first published by BizWest, an independent news organization, and is published under a license agreement. © 2025 BizWest Media LLC.
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