Business Opportunity - I-70 EIS Economic Development Plan and Opportunities

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1 I-70 EIS Economic Development Impacts and Opportunities PACT Presentation Brittany A. Morris Commerce City Economic Development Director Thursday, February 10, 1011 Agenda Commerce City in Brief Commerce City Economic Development Strategic Plan I-70:Business Impacts I-70:Potential Opportunities Q&A 1

2 Commerce City Commerce City Demographics Current size nearly 41-square miles 64-square miles within Urban Growth Boundary US Census 2008 Estimated Population - 42, % Population Increase since 2000 Forbes Magazine ranked Commerce City in 2007 as 16th of America s Fastest Growing Suburbs Very Young and Diverse Population: Median age is 31.4 Hispanic Population: 63.4% of Core City and 33.6% of Northern Range Average Median Incomes rose 2/3rds between 2000 and 2008 (highest increase in Denver Metro-Area): $41,698 in Core City $73,129 in Northern Range 2

3 Business and Industry Commerce City has a diverse business community. Over 1000 businesses ranging from an oil refinery to small, niche manufacturing companies. International companies such as Veolia, Schlumberger, BASF, and Atlas Copco all have major operations in Commerce City. Commerce City s Top 10 Largest Employers United Parcel Service 2538 Adams County School District FedEx Ground 791 United Food Service Inc 553 City of Commerce City 442 Suncor Energy 411 FedEx Freight 343 Waste Management 261 Douglass Roofing 260 Wal-Mart 254 3

4 Operation Commerce Commerce City s First Economic Development Strategic Plan Council Adopted April year Economic Development Strategy AngelouEconomics Focus groups, surveys, and interviews Technical Advisory Group (TAG) Citizen Advisory Committee (CAC) SWOT and Economic Scan Targeted Industries Final recommendations Economic Development Strategic Plan Goals 1. Implement a targeted marketing and business development campaign 2. Expand support to existing industries and entrepreneurs 3. Help put appropriate real estate options and infrastructure in place 4. Ensure available workforce meets employers needs 4

5 COMMERCE CITY TARGET INDUSTRIES AND NICHE SECTORS Target Industries Advanced Manufacturing Logistics & Distribution Business & Professional Services Retail / Hospitality / Leisure Renewable Component Manufacturing Freight Forwarding Regional Offices Dining and entertainment Niche Targets Aerospace Manufacturing Supply Chain Management Back Office Support Services Hotels Fabricated Metal Product Manufacturing Warehousing Technical Support Centers (including bilingual customer service) Sports and health related retail Medical Device Manufacturing Project Types Time-sensitive manufacturing and distribution Third-party logistics firms E-commerce fulfillment Office complexes that house airtravel intensive professionals Hotel and exhibition complexes DIA TECHNOLOGY COMMERCE CITY MULTIPLE-INDUSTRY TARGET I-70 Business Impacts Widening Existing I-70: None Realignment through Commerce City: 23 businesses impacted; 7-8 major impacts Businesses currently employ 2,824 people Business types include: logistics & distribution, vehicle sales, warehousing, construction, equipment rentals, printing services, railroad maintenance and equipment supplies Largest employer impacted: UPS Freight Potential for reinforcing image issues (I-270) 5

6 I-70 Business Impacts I-70 Potential Opportunities Ability to attract target industries: Yes: Logistics and Distribution Depends: Advanced Manufacturing & Retail/Hospitality Leisure I-270 at Vasquez Interchange Reconstruction: Split diamond Ease traffic at Vasquez and I-270 (helps with image issues) Vasquez Extension: Extend East of 56 th Avenue Better access to Dick s and DIA 6

7 I-70 Potential Opportunities Questions and Answers Thank you Please contact me with any questions at or 7