WELD COUNTY, COLORADO

Transcription

1 ECONOMIC & DEMOGRAPHIC PROFILE WELD COUNTY, COLORADO SNAPSHOT 2012/11 STATISTICS Square Miles: 3,987 Communities: 31 Population: 263,691 Labor Force: 124,972 Unemployment: 8.7% Median Age: 33.7 Per Capita : $29,986 Household : $51, HS Graduate: 85.2% Avg. Annual Wage: $42,023 Primary Industry Sectors: Manufacturing Agriculture Energy Production Health & Wellness Business Services GRP: $8 billion Source: Stats America, EMSI, BLS CLIMATE The area offers a dry, sunny climate with low humidity and all four season Climate Greeley U.S. Rainfall (inches) Snowfall (inches) Precipitation Days Sunny Days Avg. July High Avg. Jan Low Comfort Index (higher = better) UV Index Elevation (feet) 4,746 1,443 Source: Sperling s Best Places Annual Avg. LOCATION/TRANSPORTATION Highway Access North/South Demand I-25 and State Highway 85 East/West Demand I-76, State Highway 34 & State Highway 14 Freight Rail Access (see following map) Class 1 Union Pacific (UP) & Burlington Northern Santa Fe (BNSF) Short Line The Great Western Railway of Colorado (GWR) Air Access Denver International Airport (DIA) - fifth business airport in the US (30 minute commute from South Weld; hour from Central/West Weld) Greeley/Weld County Airport General Aviation Erie Airport General Aviation Fort Collins-Loveland Airport General Aviation

2 Northern Colorado Major Rail Lines CULTURAL/RECREATIONAL AMENITIES Weld County offers a rich and diverse selection of cultural and recreational opportunities including numerous golf courses, a multitude of parks, miles of paved bike/ pedestrian paths, the Pawnee National Grasslands and numerous annual events including: The Greeley Stampede Colorado Farm Show Greeley Blues Jam UNC/Greeley Jazz Festival Weld County Fair Windsor Harvest Festival Numerous Community Summer Celebrations The1,600 seat Greeley Union Colony Civic Center provides even more entertainment options along with UNC Bears Division I Athletics. A Weld location also offers easy access to multiple world class ski areas, camping, fishing, hunting, snow sports, hiking and all the Rocky Mountains have to offer. Weld County is Colorado after all! For more information visit the following web sites and websites of our 31 communities. DEMOGRAPHICS With a median age of 33.7, Weld County offers a young population that grew by almost 40% from The current population is 263,691, of which 28% is Hispanic and 85% are high school graduates. The per capita income is $29,986 and median household income is $51,773. Population Over Time Number , , , to 2010 % change 39.7% Components of change 2011/12 Net Migration 2,986 Natural (births deaths) 2,327 Population Estimates by Age in 2012 Number Preschool (0 to 4) 19,759 School Age (5 to 17) 52,056 College Age (18 to 24) 28,097 Young Adult (25 to 44) 72,431 Older Adult (45 to 64) 63,748 Older Adult (45 to 64) 63,748 Median Age 33.7 Educational Attainment: ACS 2011 % of Pop 25+ Total Population % Less than 9 th Grade 6.8% 9 th -12 th, No Diploma 8.0% HS Graduate/equivalent 22.9% Some College/No Degree 22.5% Associate Degree 8.9% Bachelor s Degree 23.3% Graduate, Professional/ Doctorate Degree 8.0% HS Graduate % Bachelor s Degree % Households in 2011 Number Total Households 88,242 Avg. Household Size Housing Units (Census Count) 96,281 Median Home Value $175,597 Per Capita Personal Per Capita 2011 Number $29,986 Per Capita 2001 (adj. for inflation) $33, year % change -11.7% Population Estimates by Race and Hispanic Origin in 2012 American Ind. or % Dist in County 1.7% Alaskan native Alone Asian Alone 1.4% Black Alone 1.3% Native Hawaiian and Other Pacific Island Alone 0.1% White Alone 93.4% Two or More Race Groups 2.1% Non-Hispanic or Latino 71.6% Hispanic or Latino 28.4% Median Number Median household $51,773 income in 2011 Median household income in 2000 (adj. for $55,588 inflation) 10-year percent change -6.9% (2000 to 2011) Source: Stats America, Census, BLS & BEA

3 SUB-REGIONS & COMMUNITIES The sheer size and diversity of Weld County allows it to meet almost any type of site requirement from North suburban Denver I-25 needs in South Weld to the booming opportunities of the I-25 and Hwy 34 corridors in Central/West Weld, to the wide open spaces of farmland/prairie in East and North Weld. EAST/NORTH WELD COUNTY Home to the Pawnee National Grasslands, this sub region is the most rural in the County with an estimated municipal population of less 1,000. However, it s become one of the most important energy regions for both oil/gas development and wind farms. It s also an important farming and livestock grazing area. East/west access through the region is provided by Hwy. 14 which intersects with Hwy. 85 and I-25. SOUTH WELD COUNTY With a population estimated to reach 70,867 by 2017, the southern region of the county has experienced some of the fastest growth over recent years. Offering an attractive small town/rural quality of life with abundant new homes, excellent schools and breathtaking mountain views; the region is strategically located just north of metro Denver and east of Boulder, which has fueled booming residential growth. With an estimated 21,781 households and $278.7 million in retail sales, the region is poised to see continued growth. The median household income average is $63,830, the median home value average is $202,386 and it offers a wide-range of educational opportunities, sport venues and recreation. Commercial/ industrial sites are available and large tracts of undeveloped land provide opportunity for future growth. East/west access is provided by Hwy. 52 which connects to I-76 and I-25. North/ south access is provided by I-25 and Hwy 85 which connect to I- 70 in Denver and I-80 in Wyoming. DIA is minutes away. CENTRAL/WEST WELD COUNTY With a population estimated to reach 178,904 by 2017, this sub region is the most populace of the County. With 58,880 households and $1.297 billion in sales, it s the retail core and offers an attractive mix of lifestyles from mid-size cities to small rural communities nestled in amongst some of the most productive farm land in the country. The median household income average is $52,367 and the median house value average is $167,473. The region offers spectacular mountain views, an excellent quality of life with plenty of outdoor recreation, low traffic, excellent schools and easy access to two state universities. Developed commercial/ industrial sites abound and the region has seen numerous employers locate/ expand which has produced a vibrant and growing business sector. The region has excellent east/west access via US Hwy. 14 and US Hwy 34 which connect to I-25 and I-76. US Hwy. 85 provides north/south access connecting to I-70 in Denver and I-80 in Wyoming. Main/ short line rail access is ample and DIA is about an hour away.

4 Weld Sub Region & Municipal Demographic Summary Information Source: ESRI; NOTE: Sub-region values are totals or averages of all communities within the region. Multiple County Place (mcp) data not included for populations fewer than 1,000 in Weld, to more accurately portray sub region Est Retail Population Sales 2012 Census Population Local Sales Tax 2012 Households 2012 Median Household 2012 Median Home Value 2012 Per Capita Weld County Total 282, , % $1.931 billion 92,116 $54, ,809 25,486 North /East Sub Region , , ,698 25,616 Grover % 33, , ,000 23,887 Nunn % 62, , ,095 29,150 Raymer % n/a 37 43, ,000 23,811 Central/West Sub Region 178, , billion 58,880 $52, ,473 23,214 Ault 1,684 1, % 12,969, , ,681 21,805 Eaton 4,782 4, % 30,582,370 1,657 57, ,783 27,874 Evans 20,774 19, % 88,261,851 6,473 48, ,434 19,856 Garden City % 17,378, , ,000 12,855 Gilcrest 1,171 1, % 7,664, , ,125 17,893 Greeley 102,472 95, % 913,058,110 34,371 45, ,898 24,201 Johnstown 11,899 10, % 26,736,149 3,603 64, ,907 26,960 Kersey 1,597 1, % 6,608, , ,226 23,821 La Salle 2,267 2, % 22,870, , ,827 21,269 Milliken 6,092 5, % 20,441,591 1,894 53, ,476 20,382 Pierce % 406, , ,272 23,901 Severance 3,547 3, % 1,074,095 1,139 66, ,062 28,574 Windsor (mcp) 22,356 19, % 149,424,963 7,145 74, ,470 32,392 South Sub Region 70,867 64,951 $278.7 million 21,781 $63,830 $202,386 $26,724 Berthoud (mcp) see note Brighton (mcp) see note Dacono 4,736 4, % 30,235,581 1,515 44, ,326 19,071 Erie (mcp) 20,293 18, % 30,047,767 6,509 92, ,537 39,282 Firestone 11,488 10, % 52,826,697 3,413 74, ,829 26,983 Fort Lupton 7,441 7, % 74,796,974 2,371 47, ,561 19,500 Frederick 10,328 9, % 23,176,772 3,086 70, ,075 28,876 Hudson 2,777 2, % 17,737, , ,493 24,282 Keenesburg 1,197 1, % 7,292, , ,646 24,263 Lochbuie (mcp) 5,576 5, % 4,690,021 1,760 51, ,911 22,970 Longmont (mcp) see note Mead 4,201 3, % 25,898,264 1,252 96, ,104 40,594 Northglenn (mcp) see note Platteville 2,830 2, % 12,091, , ,378 21,419 Thornton (mcp) See note GROSS REGIONAL PRODUCT (GRP), EXPORTS & IMPORTS 2012 Total Weld GRP - $8 Billion Earnings - $5.2 Billion Property - $2.3 Billion Taxes on Production $437 Million Exports - $14.1 Billion (81% of Supply) Imports - $14.7 Billion (82% of Demand) Locally Produced/Consumed $3.3 Billion (18% of Demand) Source: EMSI CONSUMER PRICE INDEX (CPI) 2.1% Consumer prices for the Denver-Boulder-Greeley area increased 2.1% from the second half of 2011 to the second half of Source: BLS UNEMPLOYMENT RATE 2012 Labor Force Annual Averages Source: Bureau of Labor Statistics (BLS) Weld Colorado Total Labor Force 124,972 2,743,264 Employed 114,057 2,523,535 Unemployed 10, ,729 Unemployment Rate 8.7% 8.0%

5 WELD LABOR FORCE NAICS 2011 Major Industry Sectors by Place of Work Source: US Bureau of Economic Analysis (BEA) Place of Work Avg Earnings Earnings/ ($000) Job Jobs Total by place of work $5,299,36 % Dist. in County $44, , % 6 Wage and Salary 3,670,775 41,440 88, % Proprietors 786,170 24,909 31, % Farm 96,957 27,982 3, % Nonfarm 689,213 24,530 28, % Farm 214,534 35,431 6, % Nonfarm 5,084,832 44, , % Private 4,317,653 44,063 97, % Forestry, Fishing, etc.* 41,964 42, % 21 Mining 385,836 75,477 5, % 22 Utilities 31, , % 23 Construction 589,243 60,164 9, % Manufacturing 619,453 52,341 11, % 42 Wholesale Trade 310,253 74,778 4, % Retail Trade 317,995 28,993 10, % Transportation & Warehousing 223,557 60,981 3, % 51 Information 49,090 44,995 1, % 52 Finance and Insurance 248,690 39,462 6, % 53 Real Estate/Rental and Leasing 70,519 13,103 5, % 54 Professional, Technical Services 184,162 37,792 4, % 55 Mgmt of Companies/Enterprises 212, ,664 1, % 56 Administrative & Waste Services 183,404 28,532 6, % 61 Educational Services 16,761 15,293 1, % 62 Health Care, Social Assistance 455,367 46,165 9, % 71 Arts, Entertainment & Recreation 21,629 10,761 2, % 72 Accommodation & Food Services 114,118 17,495 6, % 81 Other Services, Exc. Public Adm. 242,023 41,146 5, % N/A Gov. & Gov Enterprises 767,179 47,651 16, % Growing/Declining Industries (Change in Jobs ) Growing Industries Jobs Support Activities - Oil/Gas +1,502 General Medical/Surgical Hospitals Animal Production +491 Declining Industries Jobs Crop Production -154 Photo Film, Paper, Plate & Chemical Manufacturing -157 Specialty Hospitals -435 Growing/Declining Occupations (Change in Jobs ) Growing Occupations Jobs Heavy & Tractor-Trailer Drivers +491 Service Unit Operators, Oil/Gas +329 Personal Financial Advisors +212 Declining Occupations Jobs Claims Adjusters, Examiners &Investigators -32 Painters, Construction & Maintenance -33 Childcare Workers -34 Source: EMSI 2012 Employment by 20 Most Concentrated Occupations with Wage Information Source: EMSI SOC Occupation Description 2012 Jobs % All National Location Med Hr Avg Hr Occupations Quotient Wage Wage Sales & Related Occupations 15, % 0.96 $15.72 $ Office & Administrative Support Occupations 13, % 0.82 $15.58 $ Construction & Extraction Occupations 10, % 1.99 $19.08 $ Management Occupations 10, % 1.25 $24.78 $ Production Occupations 8, % 1.34 $15.01 $ Transportation & Material Moving Occupations 8, % 1.17 $15.95 $ Food Preparation and Serving Related Occupations 6, % 0.84 $9.38 $ Education, Training & Library Occupations 6, % 1.07 $19.62 $ Business & Financial Operations Occupations 6, % 0.95 $27.35 $ Personal Care & Service Occupations 4, % 0.84 $10.25 $ Healthcare Practitioners and Technical Occupations 4, % 0.76 $33.34 $ Building & Grounds Cleaning & Maintenance Occupations 4, % 0.80 $11.19 $ Installation, Maintenance & Repair Occupations 4, % 0.97 $18.84 $ Arts, design, Entertainment, Sports & Media Occupations 3, % 0.83 $15.42 $ Farming, Fishing & Forestry Occupations 2, % 3.46 $10.22 $ Healthcare Support Occupations 2, % 0.76 $13.09 $ Protective Service Occupations 1, % 0.81 $21.57 $ Architecture and Engineering Occupations 1, % 0.87 $34.33 $ Community & Social Service Occupations 1, % 0.88 $19.79 $ Computer & Mathematical Occupations 1, % 0.51 $31.74 $32.41 Location Quotient is a way of quantifying how concentrated a particular occupation is compared to the nation. The higher the number the more concentrated- US = 1.0

6 LABOR SHEDS Central/West Weld Labor Shed mile ring from Hwy. 34 Business & Hwy. 34 Bypass 2012 Estimate 5 Miles 10 Miles 15 Miles Total Population 24, , ,535 Population , , ,499 Per Capita $33,329 $25,829 $28,405 Med Household $72,367 $53,134 $57, Estimate 5 Miles 10 Miles 15 Miles Total Population 27, , ,897 Population , , ,036 Per Capita $38,287 $29,472 $32,636 Med Household $82,732 $61,686 $67,942 Source: ESRI SOUTH WELD LABOR SHED mile ring from I-25 & Hwy Estimate 5 Miles 10 Miles 15 Miles Total Population 28, , ,871 Population , , ,830 Per Capita $28,290 $31,335 $31,463 Med Household $65,924 $67,836 $67, Estimate 5 Miles 10 Miles 15 Miles Total Population 32, , ,645 Population , , ,003 Per Capita $32,008 $36,148 $35,819 Med Household $77,284 $79,711 $79,478 Source: ESRI

7 COMMUTING PATTERN 2011Top 5 In-Commuter Origins Larimer County 10,351 Adams County 5,069 Boulder County 3,828 Jefferson County 2,104 Arapahoe County 2,042 All Counties 33, Top 5 Out-Commuter Destinations Larimer County 15,937 Boulder County 12,955 Denver County 11,926 Adams County 9,000 Arapahoe County 6,741 All Counties 74,170 Source: Colorado DOLA, Planning & Management Regional 2, Socioeconomic Profile, Census Source: LEHD MAJOR EMPLOYERS 2013 Largest Private Non-Retail Employers (based on employment number) Rank Company Product/Service Location FTE 1 JBS USA & Affiliates Beef Processing, Corporate HQ, Trucking Greeley/Weld 4,619 2 Banner Health: North CO Medical Ctr Regional Hospital, Corporate Service Center Greeley 3,000 3 State Farm Insurance Regional Claims Center Greeley 1,828 4 Vestas Wind Turbine Blade/Nacelle Mfg Windsor/Brighton Halliburton Energy Services Oil/Gas Development Services Fort Lupton TeleTech Financial Services Support Center Greeley Anadarko Petroleum Oil/Gas District Field Office/Warehouse Evans/Platteville Afni, Inc. Telecom Services Support Center Evans Carestream Health, Inc. Medical/Dental Imaging Product Manufacturing Windsor Select Energy Services Oil/Gas Development Services Greeley/Weld McLane Western Grocery Warehouse/Distribution Weld StarTek, Inc. Business Processing Outsourcing Services Greeley Xerox Business Services, LLC Health Services Support Center (350FT/350sea) Greeley Baker Hughes Oil/Gas Development Services Weld/Brighton Leprino Foods Cheese Processing Greeley Colorado Premium Foods Value-Added Beef/Pork Processing Greeley Noble Energy Oil/Gas District Field Office Greeley Leed Fabrication Oil/Gas Development Services Greeley/Brighton Hensel Phelps Construction Co Corporate Headquarters Greeley PTI Group USA Manufacturing Remote/Portable Housing Manufacturing Johnstown Advanced Forming Technologies Metal Injection Parts Manufacturing Firestone Sparton Medical Systems Medical Component Manufacturing Frederick Kodak Colorado Personalized Imaging Product Manufacturing Weld/Windsor O-I Glass Bottle Manufacturing Windsor All American Homes Manufactured Housing Milliken 160 Source: Upstate Colorado Economic Development 7/2013

8 KEY INDUSTRY SECTORS (PRIMARY) Manufacturing Sector The manufacturing sector is the largest in Weld and includes a wealth of companies producing a wide variety of products focused primarily in food manufacturing, wood products, chemical manufacturing, plastics/rubber products, fabricated metal products, machinery manufacturing, electrical equipment/ components, transportation equipment and miscellaneous manufacturing. Key manufacturers include: JBS, Vestas Blades & Nacelles, Carestream Health, Leprino Foods, Sparton Medical Systems, PTI Group, etc. In 2011, this sector employed 11, % of total Weld employment; had an average earnings of $52,341 which resulted in total sector earnings of $619.4 million 11.7% of total Weld employee earnings. Total 2012 Gross Regional Product (GRP) was $1.056 billion 13% of total Weld GRP. Energy Sector (Fossil & Renewable) Shale oil mining production in 2012, primarily from the Niobrara formation, led to the extraction of an estimated 37 million barrels of oil from the 20,000+ oil/gas wells throughout Weld the highest producing County in the state. Located in the Denver-Julesburg (DJ) Basin, the Niobrara formation is part of the Wattenburg field and has a 40+ year proven track record. The Niobrara 7,000 feet down, is the most productive so far due to new horizontal drilling technology coupled with mulitstage hydraulic fracturing fracking. In 2011, the sector employed 5,112 jobs 4.3% of all Weld employment; had an average earnings of $75,477 with total sector earnings of $385.8 million 7.3% of total Weld employee earnings. Total 2012 GRP was $847.5 million 10% of total Weld GRP. Agriculture Sector Weld is an agriculture empire with over 2 million acres devoted to farming and raising livestock. The County ranks 8 th in the nation in market value at $1.54 billion the only county outside of California to consistently rank in the top ten. The bulk - $1.26 billion comes from livestock production. In Colorado, Weld ranked 1 st in 16 of 27 categories including total value of products sold. Key crops include: hay, wheat, corn, sugar beets, barley, dry beans, onions and carrots. Weld is home to two of the largest cattle feeding operations in the nation and about half of the dairy cows in the state, which is growing. There s also lamb, goat and hog operations; poultry, equine and cattle ranching. The impact of agriculture extends from the traditional farm production of commodities to large agribusiness/food manufacturing operations processing value-added consumer goods exported all over the world. In 2011, this sector employed 6,055 jobs 5% of total Weld employment; had an average wage of $35,431 with total sector earnings of $214.5 million 4% of total Weld employee earnings. Total 2012 GRP was $368 million 5% of total Weld GRP. Health and Wellness Sector The cornerstone of Weld s growing health sector is the Regional 378 bed North Colorado Medical Center (NCMC) located in Greeley. Part of the Banner System; NCMC was named A Top 100 Hospital in the 2012 National Truven Health Analytics report. Key NCMC services include: Heart and Cancer Care, Trauma and Emergency Care, Surgical Care and Women s Health. The hospital offers a full range of specialty services including a regional burn unit and hyperbaric medicine facility. Air Life of Greeley provides immediate emergency transport within a 300 mile radius. In 2011, the healthcare/social assistance sector employed 9, % of total Weld employment; had an average wage of $46,165 with total sector employee earnings of $455.3 million 8.6% of total Weld employee earnings. Total 2012 GRP was $496.7 million 6% of total Weld GRP. Business Services Sector (Company Management, Administrative/Back Office Support) Offering the perfect central US location with easy access to Denver International Airport, a skilled labor force and exceptional quality of life, Weld is home to several large corporate/regional headquarters, business service centers and customer/administrative support operations. While the JBS North American Corporate HQ is the largest single employer in this sector other important players include State Farm Insurance Regional Operations Center, Animal Health International, Banner Health Corporate Center, Xerox, etc. In 2011, these two sectors together employed 8, % of total Weld employment. The Company Management Sector had an average wage of $121,664 and Administrative/ Business Services was $28,532. Together, total employee earnings was $395.7 million 7.5% of total Weld employee earnings. Combined total 2012 GRP was $458.8million - 6 % of total Weld GRP. Source: BEA, EMSI; GRP measures final market value of all goods and services produced in a region or sector and is the sum of earnings, property income and taxes on production. It does not include actual production value.

9 Weld Public School District Enrollment Gilcrest/Platteville RE-1 1,933 St. Vrain Valley RE-1J 5,300 (Dacono, Erie, Mead, Firestone, Frederick) Eaton RE-2 1,804 Keenesburg RE-3J 2,312 Windsor RE-4 4,739 Johnstown/Milliken RE5J 3,363 Greeley/Evans RE-6 19,821 Platte Valley (Kersey) RE-7 1,047 Fort Lupton RE-8 2,411 Ault-Highland RE Briggsdale RE Prairie RE Pawnee RE Source: Colorado Department of Education K-12 EDUCATION Weld County is served by 13 public school districts with total Student enrollment of 43,931, which includes six charter schools. There are also ten private school educational opportunities located throughout the Weld County. Weld K-12 Education Statistics Most Recent Available School Year Enrollment ,931 Number of Schools Classroom Teacher FTE ,117 Pupil/Teacher Ratio /1 Dropout Rate (grades 7-12) % Completer Rate % Graduation Rate % ACT Composite Score % Source: Colorado Department of Education, ACT, Inc. & College Board HIGHER EDUCATION University of Northern Colorado (UNC) Fall 2012 Enrollment - 12,497 FTE UNC offers a comprehensive baccalaureate and specialized graduate research Liberal Arts education through their six colleges: Education & Behavioral Science; Humanities & Social Science; Natural & Health Science; Performing & Visual Arts; Monfort College of Business and University College. In 2013, The College Database ranked UNC 12 th in the nation on its list of 39 Colleges with Psychology at Their Core and ranked UNC 44 th in the nation in Top US Colleges and Universities for teaching Education. For the last ten years, the UNC Monfort College of Business graduating students have tested in the top 10% of graduates across the country. Top 5 Undergraduate Degrees Awarded: Interdisciplinary Studies; Business Administration; Psychology, English and History. Top 5 Graduate Degrees Awarded: Special Education; Music; Sport & Exercise Science; Nursing and Clinical Counseling. For more info see Aims Community College Fall 2012 Enrollment - 4,936 Headcount With two Weld campus locations, Aims offers 160+ degree and certificate programs. Each academic division of the college represents the integration of academics (liberal arts & science) and career and technical education (vocational/occupations training). Two-Year Degrees Awarded - Associate of Arts, Associate of Science and Associate of General Science plus numerous certificates. For more info see Public Higher Education Facilities in Northern Colorado and Metro Denver Four Year Public Colleges/Universities Fall 2012 Enrollment Colorado School of Mines Golden 5,550 Colorado State University Fort Collins 27,168 Metropolitan State University - Denver 22,865 University of Colorado - Boulder 30,139 University of Colorado - Denver 18,206 University of Northern Colorado - Greeley 12,497 Two-Year Public Colleges Aims Community College Greeley, Ft. Lupton, Loveland 4,936 Arapahoe Community College Littleton 11,806 Community College of Aurora 7,824 Community College of Denver 11,901 Front Range Community College Fort Collins 20,527 Red Rocks Community College Lakewood 9,031 Source: Colorado Department of Higher Education 2012 Weld/Larimer Top Education Program Completions Program Number Business, Management, Marketing & Related 1,465 Health Professions & related programs 1,306 Social Sciences 647 Biological & Biomedical Science 623 Education 600 Parks, Recreation, Leisure & Fitness Studies 572 Visual & Performing Arts 531 Family & Consumer Sciences/Human Sciences 512 Communications, Journalism & Related Programs 485 Psychology 481 Source: EMSI

10 UTILITY PROVIDERS Major Electricity Providers Service Area Rate Info Xcel Energy Central/West Weld Poudre Valley REA Central/West & North/East Weld United Power, Inc. South Weld Major Gas Providers Atmos Energy Central/West Weld Xcel Energy Central/West Weld Source Gas South Weld Water/Sewer Providers Water is available for purchase from municipalities throughout the county who typically provide water treatment/delivery services within municipal boundaries. In addition, there are several water districts that partner with communities and/or can provide raw water. Water rates will vary depending upon location and provider. Sewer services are also provided by municipalities in the most developed areas. Saint Vrain Sanitation District provides services in much of Southwest Weld. Septic and/or packaged systems can also be viable in the most rural circumstances and locations. Rates will vary depending upon location and provider. COMMERCIAL/INDUSTRIAL REAL ESTATE Commercial/industrial real estate opportunities can be found throughout Weld County to meet virtually any business need from an existing building to developed sites for construction, including available lots in the industrial business parks listed to the right. Real estate prices will vary widely depending upon the level of development and location within the County. 7/2012-6/2013 Weld Commercial/Industrial Sales Trend Information #Sales Average Size Average $/SF Office 34 10,722 sf $ Industrial Bldg 47 20,997 sf $42.16 Retail 74 7,893 sf $99.26 Land 88 2,133,433 sf $.40 Source: Xceligent/Northern Colo Commercial Area Realtors Weld Sales 9/2013 Weld Commercial/Industrial Lease Rates Asking Low/sf Asking High/sf Avg Asking Gross Avg Asking NNN Office $0.89 $30.86 $11.96 $11.33 Industrial $2.00 $15.73 $9.52 $6.91 Retail $0.64 $20.00 $3.77 $10.80 Source: Xceligent/Northern Colo Commercial Area Realtors Weld Listings Weld Industrial/Commercial Business Parks Name Total Acres Location Bellmore Farms Industrial Park 15 Nunn Berthoud Tech Center 120 Berthoud Eagle Business Park 133 Frederick Eaton Hickman Industrial Park 50 Eaton Falcon Point Business Park 32 Windsor Fossil Industrial Park 27 Millliken Frederick West Business Park 160 Frederick Gateway Center 146 Johnstown Gilcrest Enterprise Park 75 Gilcrest Glacier Business Park 120 Frederick Great Western Industrial Park 500 Windsor Highpoint Business Center 136 Greeley Hudson Industrial Park 50 Hudson I-25 Business Park 77 Weld (Mead) Lost Creek Commons 74 Keenesburg M&M Industrial Park 54 Kersey Niobrara Data Center/Energy Park 662 Weld (North) Northland Industrial Park 432 Fort Lupton Platteville Energy Park 45 Platteville Promontory Business Park 200 Greeley Sandstone Ridge Business Park 28 Frederick Silver Peaks Business Park 148 Dacono Stone Gate Industrial Park 25 Evans The Grainery Ind/Com Park 156 Greeley The Shores Park 68 Firestone Union Colony Industrial Park 112 Weld (Greeley) Vista Commercial Center 145 Weld (Del Camino) Weld Industrial Park 100 Weld (Central)

11 TAXES Sales & Use Tax Weld County DOES NOT asses a county-wide sales/use tax. Communities through the county charge sales/use tax rates ranging from 2%-4% (see Weld Sub Region section for community list). Colorado has a 2.9% sales/use tax rate. Real & Personal Property Tax Industrial/commercial property (building, land and equipment) is assessed for property tax purposes at 29% of actual value (based on a variety of factors). The mill levy assigned to each property location includes the taxing jurisdictions serving that location and represents the number of dollars, or property taxes, levied for each $1,000 of assess value. For example; with a mill levy of mills the owner pays $75.73 in taxes for every $1,000 in assessed value. Weld County has over 2,200 tax areas each with a unique mill levy ranging from approximately 54 mills to 148 mills. The average 2011 Weld County mill levy rate was mills. Property taxes fund local schools, special propose districts and a portion of city/county government. Residential Property Tax Residential property is assessed at 7.96% of the actual value and is exempt from personal property taxation. State Corporate and Personal Tax The corporate and personal Colorado income tax rate is a flat rate of 4.63% of federal taxable income. Local governments DO NOT assess income taxes. Inventories, Goods in Transit and Intangibles are not taxed in Colorado and there is no Franchise Tax. Colorado has established Enterprise Zones (EZ) that offer state income tax credits. Select Weld locations/communities have EZ designation. Companies that locate or expand within the physical boundaries of the EZ are eligible to earn a variety of state income tax credits based on their specific activities primarily in equipment investment, job creation/training, research and development activities, etc. Earned credits are applied to the company s Colorado income tax liability. Go to for program details. BUSINESS ASSISTANCE Weld County and its communities are pro-growth, prepared to handle company needs and will do what can reasonably be done to reduce the development/start-up costs of qualifying primary sector companies looking to locate/expand. Key Incentives Include: Municipal Development Incentives Personal Property Tax Partial Rebate Weld Employment Service recruitment/training assistance and training grants Financing through the Weld/Larimer Revolving Loan Fund or Greeley Development Fund Greeley/Weld EZ State Tax Credits Colorado First Customized Training Grants Colorado Job Growth Incentive State Tax Credit OR Colorado Strategic Fund Grant For more detailed assistance information contact Upstate Colorado Economic Development, a private, non-profit economic development agency, that serves as a single confidential source of information about the Weld region. Upstate maintains information concerning communities, real estate, labor, etc., and can coordinate/facilitate customized local, county and state government economic incentive packages phone fax 822 Seventh Street, Suite 550, Greeley, CO