March 17, 2020

Local business not yet feeling impacts of coronavirus

By Joe Vaccarelli Mar 1, 2020 Mar 17, 2020

Originally posted here

The coronavirus outbreak around the globe is starting to impact the business world, noticeably evident in the historic poor showing by the stock markets last week.

However, in Mesa County, the impacts so far appear minimal, unless some brave investors took a look at their 401(k)s.

The manufacturing industry in Grand Junction regularly brings in shipments from overseas, particularly from China and other parts of Asia, where the virus is most prominent. But Grand Junction Area Chamber of Commerce President and CEO Diane Schwenke said the industry hasn’t seen too many effects yet, to her knowledge, noting more impacts in the travel realm.

“I have not heard of anyone having issues, yet. It’s still a little too soon,” she said. “But the longer it goes, it could have an impact.”

For those concerned about their investments after the Dow Jones Industrial Average fell more than 3,200 points in the first four days of the past week, RoseCap Financial President Matthew Rosenberg reminds people to remember their long-term goals. The company is a Grand Junction-based financial services firm that handles portfolio management, financial planning and taxes.