Looking Ahead to 2017
On the heels of a banner year for economic development in Broomfield, we're looking forward to an exciting 2017. With several major corporate relocation, retail, and hospitality projects announced in 2016, and even more expansion projects underway by existing businesses, there's
a lot to look
forward
to in the coming year.
Here's a quick look at what's coming up in Broomfield and some exciting opportunities for Broomfield businesses to take advantage of in 2017.
As always, if you have any questions about proposed or active projects in Broomfield, I would encourage you to reach out to me or my staff, we enjoy sharing what's going on in our community.
Best Regards,
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Bo Martinez
Director of Economic Development
City and County of Broomfield
303-464-5579
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Mike Van Den Bosch
Senior Economic Development Specialist
City and County of Broomfield
303-438-6220
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SpotX Moving Headquarters
to Broomfield
BizWest Media reports that SpotXchange Inc., a tech firm that provides a video-advertising platform for Internet publishers and broadcasters, will move its corporate headquarters from Westminster to Broomfield in May.
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Arista Announces New Tenants
The Arista Development team introduces SPENGA and Denver Restorative Dentistry as tenants at 8181 Arista Place in the following announcement. Located in Broomfield, Colorado, 8181 Arista Place is an 82,614 square foot office/retail facility.
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North Park Tech Center
Starting Development
JP Morgan Chase is planning a 150,000-square-foot, $220 million operations center in Broomfield, one of two in the Denver metro area. Construction on the data center is anticipated to begin in the second quarter of 2017
and be complete
by January 2019.
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Business Support Opportunities
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Apply Now for 2017
Enhance Broomfield Funds
In an effort to enhance Broomfield and its commercial areas, the City and County is investing in the small business community while enhancing the curb-appeal of our neighborhoods and community as a whole through the Enhance Broomfield program.
Each applicant is eligible for up to a $25,000 investment. Availability of funds is on a first-come, first-served basis, and only complete applications will be accepted. Funds may be made for improvements to existing stand-alone commercial or industrial buildings or centers.
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Long-Term Financing for
Energy Efficiency and
Alternative Energy Projects
Commercial Property Assessed Clean Energy (C-PACE) enables building owners in Broomfield to fund 100% of the cost of energy efficiency and water conservation improvements. C-PACE long-term financing (up to 20 years) enables cash flow positive projects with no upfront capital outlay.
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In An Enterprise Zone?
Tax Breaks Could Could Be
Available
Taxpayers investing in Enterprise Zones can earn a credit on their Colorado income tax by planning and executing specific economic development activities. EZ tax credits can have a significant impact, from $1,000 to $500,000 per project.
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Advanced Industries Accelerator
Grant Program Now Accepting
Applications for Proof of Concept
and Early Stage Grants
The Colorado Office of Economic Development
and International Trade (OEDIT) announced that it is
now accepting applications for the Advanced Industries
(AI) Accelerator Grant program. Proof of Concept and
Early-Stage Capital and Retention applications are due
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Advance Your Workforce.
Hire an Intern.
$5,000 Matching
Grants Available
The Colorado Bioscience Institute (CBSI) is proud to be working with the Colorado
Department of Labor and Employment (CDLE) as an industry
intermediary for the State of Colorado's Innovative Industries Internship Program. Colorado bioscience companies may apply for up to $5,000 in matching grants for internships to be completed between July 1, 2017 and June 30, 2018.
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North Metro Small Business Support
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Spring 2017 Classes From
North Metro Denver Small
Business Development Center
North Metro Denver SBDC's has several workshops planned for Spring 2017 which cover topics such as:
- Marketing/branding, Start-up essentials
- Bookkeeping/QuickBooks/Accounting
- Website creation/e-commerce
- Taxes, PR, Business planning
- and much more!
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Metro Denver News & Reports
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Job Growth and Consumer
Confidence
Up in Metro Denver
Employment in Metro Denver rose 3.5 percent between October 2015 and 2016, outpacing state and national growth while the unemployment rate remained at lows not posted since the dot-come boom in the early 2000s, according to the December 2016 Metro Denver Economic Development Corporation's Monthly Economic Indicator Report.
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Colorado Employment to
Grow by 2.4 % in 2017
Colorado employment will continue to expand in 2017, adding a variety of jobs in almost every sector. The anticipated pace of growth recorded at the end of 2016 and in 2017 will be 2.2 percent and 2.4 percent, respectively. This compares with growth in excess of 3 percent over the prior three years, according to economist Richard Wobbekind of the University of Colorado Boulder's Leeds School of Business.
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Colorado Top Ten for Population Growth
Denver Business Journal
A recent
U.S. Census Bureau report
says that Colorado ranks seventh among the states for percentage growth of its population between 2015 and 2016, and eighth for the total number of new residents gained since last year.
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