March 2012

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Northglenn Economic
Development Newsletter
 

In This Issue

Northglenn Economic Development
- Boondocks Celebrates Grand Re-Opening
- GeoEye Relocating Employees to Northglenn
- Larkburger Opening at Washington and 120th
- NURA Approves Grants for Businesses
- New Businesses
- Business Expansion Projects
- Closed Businesses
- NURA 101 - Frequently Asked Questions
- Free Business Classes Available
- Businesses Sought for Career Fair at High School
- Area Economic Development Brochure Available
- New Small Business Funding Web Site Online
- Sponsorship Opportunities Available for City Events
- City Hosting Sales and Use Tax Class
- Vendors Sought for July 4th Family Festival

Economic Development Indicators
   - Monthly Sales Tax Revenue
   - Unemployment
   - Northglenn Existing and New Businesses
   - Metro Denver Job Clusters


Northglenn Economic Development

Boondocks Celebrates Grand Re-Opening

Boondocks Fun Center celebrated their grand re-opening on Thursday, March 15. The facility underwent $5 million in expansion and remodeling, which included a new state-of-the-art 20-lane bowling alley and new corporate meeting facilities. In the top photo, pictured from left to right is Councilmember Gene Wieneke, Councilmember Joe Brown, Boondocks General Manager Casey Lee, Councilmember Leslie Carrico, Councilmember Wayne Dodge, Councilmember Carol Dodge, Councilmember Marci Whitman and Councilmember Kim Snetzinger. In the photo to the right, Mayor Joyce Downing tries out one of the new lanes.

GeoEye Relocating Employees into City

GeoEye has leased 14,578 square feet in the Metro North building at 11990 Grant St. in Northglenn. This is an expansion of their existing 63,000-square-foot building in Thornton.

GeoEye will transfer 45 employees to the Northglenn facility, with a growth plan to add future jobs. The company plans to move at the end of March.

GeoEye is a leading source of geospatial information, and this business expansion is to accommodate for the company's growth plan. They own and operate two color Earth-imaging satellites, GeoEye-1 and IKONOS, and three airplanes with advanced high-resolution imagery collection capabilities. GeoEye-1 is the world's highest resolution and most accurate commercial Earth-imaging satellite.

GeoEye has over 700 employees and is headquartered in Virginia with facilities in Colorado, Missouri, Kansas and Singapore. GeoEye is a public company listed on the NASDAQ stock exchange under the symbol GEOY. For more information, visit www.geoeye.com.


Larkburger Opening at Washington and 120th

Larkburger signed a 10-year lease at 11985 Washington St., Unit 2 (former Floyd's Barbershop). Larkburger will be leasing 1,653 square feet and will employ 20 people. They plan to begin construction in June and open in August.

In 1999, the "Larkburger" was first featured on the menu at renowned chef Thomas Salamunovich's fine dining Larkspur Restaurant in Vail. Overwhelmed by many years of popular response to the "Larkburger," Thomas recognized that a perfectly prepared, all-natural gourmet burger would be appreciated beyond Vail – so in 2006, Larkburger, the restaurant, was born. A quick-casual eatery seemed just the right format to serve this all-American favorite, but with the hallmarks of a fine dining chef committed to natural, impeccably-chosen ingredients and a love of truffles.

The first Larkburger location opened in Edwards and has been quickly followed by restaurants in Boulder, Fort Collins, Greenwood Village, Denver and Arvada with more locations on the way. Larkburger's newest restaurant, in Colorado Springs, is set to open this spring.

For more information on the restaurant, go to www.larkburger.com


NURA Approves Grants for Northglenn Businesses

The Northglenn Urban Renewal Authority (NURA) approved two matching $12,500 Business Improvement Grants (BIG) for the Palmer Plaza, located at East 114th Court and Washington Street, and for the new Larkburger facility at 120th Avenue and Washington Street.

Under the BIG grant, the Palmer Plaza will be installing a new marquee sign and doing major parking lot improvements. The BIG grant awarded to Drake Real Estate Services will be used for exterior building, parking lot, and landscaping improvements for the new Larkburger location. Also, a Business Upgrade Assistance Program (BUAP) grant for $10,000 was awarded to Drake Real Estate to install a grease interceptor for utility upgrades at the Larkburger facility.

For more information on NURA business assistance grants, visit www.northglenn.org/nura or contact Debbie Tuttle at 303-450-8743 or dtuttle@northglenn.org.


New Businesses

The city is pleased to welcome the following new companies to Northglenn. These companies are making capital investments in our community, creating new jobs, and increasing our tax base - thereby fostering and enhancing economic development in Northglenn.

Arjat Trucking, Inc. leased 1,100 square feet at 1464 W. 104th Ave. This is the office location for the company. It provides trucking, maintenance and construction services and employs one person. For more information, call 303-457-6915.

Bliss Tanning, LLC leased 2,960 square feet at 504 Malley Drive. The salon employs three people and is open weekdays from 7:30 a.m. to 8 p.m. and on weekends from 8 a.m. to 5 p.m. For more information, visit www.BlissTanning504.com or call 303-252-8267.

Chucky's Tire & Services, LLC leased 1,100 square feet at 11475 Washington St. This is a start-up company that provides tire sales and services and employs one person. Chucky's is open from 8:30 a.m. to 5 p.m. Monday through Saturday and 9 a.m. to 4 p.m. on Sunday. Call 720-400-2106 for more information.

EYB Boost Mobile II
leased 800 square feet at 11968 Washington St. and employs one person. It sells Boost mobile phones and accessories. This business can be reached at 720-490-6645.

Farmers Insurance leased 1,800 square feet at 11685 Huron St., Suite 103. Previously located in Westminster, the two Farmers Insurance agents are represented by Rus Moses Agency and Earles Insurance Agency. They will employ three people. The hours of operation are weekdays from 9 a.m. to 5 p.m. For more information, call 303-452-6904 or 303-252-0401.

Legacy Barbershop
leased 360 square feet at 11221 Washington St., Unit A. This is a start-up company and employs two people. They can be reached at 720-270-8131.

Online Trading Academy-Denver leased 1,784 square feet at 11990 Grant St., Suite 312. The company's major Colorado facility is located in Castle Rock, and the Northglenn location will serve as a new training facility. The company offers professional instruction and classes around the world, focusing on a spectrum of trading styles and asset classes to improve consistently and profitably. Classes include Short Term Trading, Swing Trading, Position Trading, and Investment Theory for Stocks, Exchange Traded Funds, Options, and Futures and Currencies. For more information, visit www.TradingAcademy.com or call 303-325-2776.

Spanglish Translating, Inc. leased 1,100 square feet at 1464 W. 104th Ave. The company provides translating services and employs one person. The business is open from 9 a.m. to 5 p.m. weekdays and on weekends by appointment. For more information, call 303-457-4411.

Twisted Scissors Limited is a start-up hair salon that leased 1,100 square feet at 2145 E. 120th Ave. This salon employs seven people. The hours of operation are weekdays from 9 a.m. to 8 p.m., Saturday from 9 a.m. to 6 p.m. and Sunday from 10 a.m. to 5 p.m. For more information, call 720-628-2654.

Don't forget to market your Northglenn business on our Web site
Shop Northglenn - Every Northglenn storefront business is included in the Shop Northglenn Web site automatically. Business owners have the opportunity to customize their listing with coupons, logos and more.

Go to http://www.northglenn.org/listings/vendor to customize your Northglenn business on our Web site.

If you have any questions, please contact Debbie Tuttle at dtuttle@northglenn.org.

Business Expansion Projects

Income Tax Specialists is a new company formed from Northglenn Tax Services. They have leased 715 square feet at 10701 Melody Drive, Suite 304. The hours of operation are Monday through Thursday from 8:30 a.m. to 7 p.m. and Friday and Saturday from 8:30 a.m. to 5 p.m. This expansion retains four Northglenn employees. For more information, call 720-746-9134.


Closed Northglenn Businesses

Staff is happy to announce that in February, no business closures were reported.


NURA 101 - Frequently Asked Questions

The Northglenn Urban Renewal Authority (NURA) is a special purpose governmental entity that was created by the Northglenn City Council in March 1990. NURA's primary purpose is to improve Northglenn's economy by eliminating blight, assisting private development and redevelopment projects, and to plan and build public and public-related improvements as necessary to achieve those goals. Over the past two decades NURA has invested approximately $20 million in redevelopment and revitalization projects throughout the city.

To learn more about the urban renewal programs, the city has posted Frequently Asked Questions on its Web site at www.northglenn.org/renewalfaq. To help educate citizens and businesses on urban renewal authorities, the city will be featuring one of these questions monthly.

Q: Does being in an urban renewal area affect my property values?

A: It can affect your property values, and more often than not, in a positive way. Frequently, when an urban renewal area is designated, property values increase. This happens because many times private individuals begin to purchase land (speculation) in anticipation of both future development and increased property values. It also happens because properties located within an urban renewal area are often perceived by the development community as valuable because of the availability of financial incentives that are not available outside the district.


Free Business Classes Available

The North Metro Small Business Development Center (SBDC) offers quality counseling and training for start-up and existing businesses. SBDC is hosting its free spring classes at Front Range Community College, 3645 W. 112th Ave. in Westminster:

- Start-Up Orientation (9 a.m. April 12 and May 10; 6:30 p.m. April 26 and May 24)
- Contract Law Basics (6:30 p.m. April 19)
- Employment Law, Online Sites and the Small Business Owner (6:30 p.m. May 3)
- Tax 101 (6 p.m. April 19)
- How to Manage a Rock Star Employee (6:30 p.m. April 19)
- The Employee Life Cycle (6:30 p.m. April 17)
- Twitter and Your Business (6:30 p.m. April 11)
- Facebook and Your Small Business (6:30 p.m. May 9)

For full class descriptions or to register, call 303-460-1032 or go to www.coloradosbdc .org. SBDC also offers free counseling and training for start-up and existing businesses. For more information, call 303-460-1032.


Businesses Sought for Career Fair at High School

Northglenn High School is hosting a career fair in the Little Theater for its students from 10 a.m. to 2 p.m. Friday, April 13. The school, located at 601 W. 100th Place, is looking for businesses that would meet with students and provide information about employment opportunities and types of careers within their industry and/or company.

This is a great opportunity to show the future workforce the types of positions that are available, help stimulate interest and motivate them on potential career opportunities.

Areas that students will be interested in learning more about are:
- Education requirements to enter the profession
- Types of positions
- Types of skills needed
- How to access employment opportunities
- Salary and benefits
- Occupational pathways
- Employment outlooks
- Information about technology, machinery, equipment and tools used in their profession

This is a great opportunity to positively influence the future education and career opportunities for these students. If you are interested in participating, please contact Northglenn High School's Cassidy Gussman at 720-972-2666 or cassidy.gussman@adams12.org.


Area Economic Profile Brochure Available

The 2012 Metro Denver Economic Corporation's Economic Profile Brochure is now available. The brochure has data for the Metro Denver and Northern Colorado counties and can be viewed and downloaded as a .pdf.


New Small Business Funding Site Online

SmallBizLending.org is a new Web site designed to provide entrepreneurs and small business owners in Colorado with the information and resources to successfully apply for a business loan, access a line of credit, pursue micro-lending solutions or find other financing options. Spearheaded by the Colorado Bankers Association, the Web site is a collaboration between public and private Colorado organizations.


Sponsorship Opportunities Available for City Events

Local businesses are invited to maximize their 2012 marketing and advertizing dollars by sponsoring a city event. The city has an event suited to any target audience, whether it is children, families, seniors or adults. Sponsorship opportunities range from title sponsorships to donations of door prizes for guests. At every level of sponsorship, the city will make sure that participants and spectators are aware of your company’s involvement. Contact Jeanette Sánchez at 303-450-8935 or jsanchez@northglenn.org for more information.


City Hosting Sales and Use Tax Class

12:30-1:30 p.m. Thurs., April 5, City Hall, 11701 Community Center Drive
What does your business need to know about sales and use taxes in Northglenn? Find out as the city's Finance Department hosts this sales and use tax class. For more information, contact Sara Davis at 303-450-8773 or sdavis@northglenn.org.


Vendors Sought for July 4th Family Festival

The city is seeking quality food vendors and community organizations to provide fun games and activities and/or sell products for guests at our annual July 4th Family Festival. For more information, go to www.northglenn.org/july4th to download an application. You can also contact Jeanette Sánchez at 303-450-8935 or jsanchez@northglenn.org.


Economic Development Indicators

There are many tools to assist in measuring economic development efforts. These include tracking business retention efforts, expansions and attraction of new businesses to the community. Other indicators include unemployment, sales/use tax, square footage absorption, vacancy rates, capital investment, and the number of employees retained and/or added to the workforce, the industry types, and quality of companies/jobs that are currently located or moving to Northglenn. In order to analyze and measure economic development efforts the following information is provided:


Sales/Use Tax Revenue

4.9%

As of the December citywide collections, year-to-date sales and use tax reported an increase of $709,005, or approximately 4.9% when compared to the previous year.


Unemployment

The tables below shows January 2012 estimated labor force statistics for area cities, counties, the state and country.

Area Name Labor Force
(in thousands)
Unemployment
Rate
Metro Denver 1,544.1 8.1%
Adams County 232.5 10.1%
Arapahoe County 318.5 8.0%
Boulder County 175.3 6.2%
Broomfield County 30.8 6.9%
Denver County 322.6 9.2%
Douglas County 159.7 6.2%
Jefferson County 304.6 7.8%
Colorado 2,703.5 8.4%
United States 153,485 8.8%
Source: Colorado Department of Labor and Employment, Labor Market Information.

Area Name Labor Force
Number Employed Number Unemployed Rate
Northglenn 19,896 17,969 1,927 9.7%
Aurora 177,560 161,664 15,896 9.0%
Brighton 16,218 14,513 1,705 10.5%
Commerce City 20,355 17,768 2,587 12.7%
Thornton 66,903 60,895 6,008 9.0%
Westminster 62,909 57,727 5,182 8.2%
Source: Colorado Department of Labor and Employment. All estimates made in cooperation with the U.S. Department of Labor, Bureau of Labor Statistics and adjusted to Current Population Survey data. Not seasonally adjusted.


Existing and New Businesses

This is a comparison of companies licensed to do business in the city at the end of January 2012. It indicates a 3.8 percent increase in storefront businesses and an overall total (with home-based businesses) increase of 5 percent over the past year.

Existing Businesses in Northglenn Jan. 2012 Jan. 2011
Storefront/Physical Locations 663 639
Home-Based Businesses 257 237
Total Businesses 920 876
Source: City of Northglenn. Totals do not include out-of-state businesses.


Metro Denver Job Clusters

The Metro Denver Economic Development Corporation released its 2011 Economic Profile. Below are statistics about Metro Denver's key industry clusters and their competitive advantages (the 2011 job growth percentages are in parentheses):

Aerospace - The nine-county region ranks second in the country out of the 50 largest metro areas for private aerospace employment concentration, with 19,500 workers. Job growth from 2006 to 2011 was 11.9 percent, compared to -1.7 percent for the United States. (1.7%)

Aviation - Denver International Airport is a major economic engine for the region and this industry. In addition, three strategically located reliever airports--Centennial, Front Range, and Rocky Mountain Metropolitan--are vital to the region's aviation cluster. (-2.7%)

Bioscience - The region's medical devices and diagnostics subcluster is competitive nationally, ranking the eighth-largest. Employment grew 7.5 percent from 2006 to 2011, compared to 4.3 percent nationally. (medical devices, 1.1%; pharmaceuticals, -1.2%)

Broadcasting and Telecommunications
- The region remains a major center for this industry due to its location in the Mountain Time Zone and one-bounce satellite capability, ranking fourth in the nation for employment concentration in 2011. (-0.5%)

Energy - The region ranks sixth in the United States for both fossil and cleantech employment. Both subclusters posted healthy growth from 2006-2011: fossil, 24.7 percent and cleantech, 35.2 percent. (fossil, 8.2%; cleantech, 6.4%)

Financial Services - The banking and finance subcluster ranks fourth while investments is eighth in employment concentration. (banking and finance, -0.4%; investments, 1.1%; and insurance, -0.8%)


For more economic development or urban renewal information, please contact city Economic Development Manager and NURA Executive Director Debbie Tuttle at dtuttle@northglenn.org or 303-450-8743.

 
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Debbie Tuttle | Economic Development Manager | 303-450-8743 | dtuttle@northglenn.org
City of Northglenn | 11701 Community Center Drive, Northglenn, Co 80233 | 303-451-8326