Roccor Announces New Office in Longmont

Roccor is excited to announce they are expanding and have leased an 8,500 square foot space at 2602 Clover Basin Drive in The Campus at Longmont Business Park.  Roccor will be bringing 20 high paying jobs to the community with the expectation of employing as many as to 25-30 by the end of the year.

Roccor is an engineering firm specializing in deployable/reconfigurable structures and thermal management products for the aerospace and military markets. Established in 2012, the mission of Roccor is to bring disruptive changes to well established markets via innovative products that greatly surpass the balance of cost and performance of legacy products.  Roccor’s aerospace products include deployable structures used in a wide range of spacecraft components such as deployable booms, hinges, antennas and solar arrays among several others.  Roccor is currently supporting a wide range of spaceflight hardware programs spanning the rapidly evolving near-term commercial missions to deploy large fleets of small satellites for future space-based internet broadcast to long-term science missions such as NASA’s efforts to detect Earthlike planets orbiting nearby stars. The company’s thermal management products including FlexCoolTM, FlatCoolTM and SmartCoolTM provide substantial heat dissipation capabilities in a lightweight, low cost and easily manufactured product form and are currently being developed for commercial and government spacecraft application as well as military directed energy systems.

According to the company’s CEO, Douglas Campbell, “Roccor’s new space provides critically needed infrastructure to support the company’s ongoing spaceflight hardware programs as well as significant expansion potential, which is something we expect to take advantage of in the very near future due to growing customer demands. We worked closely with the Longmont Economic Development Partnership as part of our relocation effort and look forward to making Longmont our home for many years to come.”

According to data from Economic Modeling Systems (EMSI), the Longmont area has a regional job concentration within the aerospace industry that is 3.54 times the national aerospace job concentration, and is expected to grow another 16% over the course of the next year. Longmont EDP President Jessica Erickson noted that “Longmont offers the infrastructure, labor force, and affordability companies within the aerospace industry are seeking.” She added “I am glad we were able to support Roccor’s decision to locate their new facility here and I look forward to welcoming them as the latest addition to this rapidly growing and important primary industry sector in Longmont.”

A unique element of Roccor’s business model involves leveraging emerging technologies from Universities, National Laboratories and fellow entrepreneurs and matching them with acute market plans. As such, Roccor is well networked within Colorado’s University and aerospace industry community.  According to Mr. Campbell, “Longmont provides an ideal location along the Colorado front range within close proximity to large aerospace and defense Primes as well as the numerous smaller and start-up companies that all contribute to the state’s robust aerospace business ecosystem.”

EDCC Travels to Colorado Springs for its Inaugural Regional Economic Development Forum

On June 13, representatives from economic development organizations from around the state, elected officials, and local business leaders, will gather at the Pinery at the Hill in Colorado Springs for Economic Development Council of Colorado’s (EDCC) inaugural Regional Economic Development Forum (click for more information and to register), the first in a series of forums scheduled for 2016. Attendees will learn about the attributes and challenges of Park, Teller, El Paso, and Pueblo Counties. The challenges of one community can be very similar to that of another. This is an opportunity for EDCC to come together as a true state-wide organization, meet member groups where they are and gain knowledge of issues, acquire tools and resources to implement in our communities, and ultimately to better Colorado’s economy as a whole.

During this one-day event, attendees will hear specific presentations on broadband accessibility at the local level, challenges that small businesses have with doing business in their community, and training a workforce to meet their future needs. Representatives from Pikes Peak Area Council of Government will reveal its six year Transportation Improvement Plans (TIP). Pueblo Area Council of Government will give a presentation on its Transportation Improvement Plan. Jerry Forte, CEO of Colorado Springs Utilities, will make a presentation on the Southern Delivery System (SDS) project and the important regional relationships and collaboration that made it possible to reach informal and formal agreements that support SDS and other water needs for Southern Colorado. The day will wrap up with presentations on success stories from each county including the City for Champions project in Colorado Springs, the Colorado Training Institute for Public Safety in City of Fountain, the Regional Tourism Act project in Pueblo, and the Teller County Main Street Projects.

For more information and to register for the event, click here.

Presenting sponsor: Colorado Office of Economic Development and International Trade

Longmont EDP and the City of Longmont Announce Award of $5,000 Ignite! Fund Matching Grant to Diabase Engineering

The Longmont Economic Development Partnership and the City of Longmont are helping leverage the Longmont Ignite! Fund by allocating $15,000 in City grant money to a new Advance Longmont Ignite! Matching Grant.  Longmont Ignite! was set up in the summer of 2015 as a concept developed by the Longmont Community Foundation and TinkerMill founder, Scott Converse. Longmont Ignite! is a group of community-minded individuals who have established a fund to make grants available to entrepreneurs developing products or business concepts that will add to the economic vitality of the Longmont area. Entrepreneurs who receive these grants are asked to commit to return some of the profits they may make from their project back to the fund.  The City of Longmont and Longmont EDP Ignite! Matching Grant affords the opportunity for Longmont Ignite! Fund awardees who fall into one of the Advance Longmont target industries and have stated intentions to create jobs in Longmont, up to $5,000 in additional matching funds. Today, the first Longmont Ignite! Matching Grant of $5,000 was awarded to Diabase Engineering, a technology startup company housed in the TinkerMill that is focused on developing new products for the 3D printing industry.  The company received $5,000 in Longmont Ignite! funding in January of 2016 following a competitive application and pitch process with the Ingite! Fund Review Panel.  With this matching award by the City of Longmont and Longmont Economic Development Partnership, the total funding awarded to Diabase Engineering founders Stephen Heston and Austin Reid will total $10,000.

“Part of our mission as an organization is to support Longmont’s startup community development and this is just one great way to do that. By helping fund local scalable startup companies, like Diabase Engineering,  we hope to help them get their concepts off the ground, bring them visibility and encourage them to stay and grow their businesses in Longmont,” says Jessica Erickson, President of the Longmont Economic Development Partnership.  “We also want to bring visibility to this fund in order to encourage other like-minded investors, who want to invest in our community’s economic future, to contribute and grow the Longmont Ignite! Fund.”
Eric Hozempa, Executive Director for the Longmont Community Foundation stated, “Longmont Ignite! is proud to have the involvement of the City and Longmont Economic Development Partnership in support of Longmont Ignite! and the Diabase project at the TinkerMill.”

“We are overwhelmed by the support that we’ve received from the Longmont community,” say Diabase co-founders Heston and Reid. “The Longmont Ignite award and the matching funds from the Longmont EDP are allowing us to invest in tools, equipment, and software that are essential to growing our business.  TinkerMill, the local makerspace, provides us with prototyping capabilities and access to a brain trust that we access on a daily basis.  Regular events with the local entrepreneurial community (specifically “Startup Longmont”) have bolstered our confidence and provided us connections to critical professional services.  All of these together make Longmont the perfect place to start a business, and we intend to continue to grow our company in this supportive, vibrant community. “

The Longmont Community Foundation and TinkerMill will hold a live-look Ignite! pitch event during Longmont Startup Week on Saturday, June 11th at the Longmont Museum from 12:30pm-2pm.  This will be open to the public.  Ignite! Fund applicants will pitch their concepts to the Longmont Ignite! Review Panel and audience members will be invited to participate with their questions for the presenters and then will have an opportunity to cast their vote for the winning pitch.
More information about the Advance Longmont Ignite! Matching Grant application can be found on the Longmont Economic Development Partnership website at www.longmont.org.  For further questions, contact Janine Ledingham, Director of Local Business and Startup Community Development for the Longmont EDP at 303-651-0128 or janine@longmont.org.

Regional Forums…what’s it got to do with me?

I am so excited for EDCC’s inaugural regional forum in a few weeks in Colorado Springs. This forum will focus on the attributes and challenges of Park, Teller, El Paso and Pueblo Counties. Topics range from infrastructure, small business development, workforce challenges, economic resiliency and more. This is an opportunity for EDCC to come together as a true state-wide organization, meet member groups where they are and gain knowledge of issues, acquire tools and resources to implement in our communities, and ultimately to better Colorado’s economy as a whole.

For those that live in other regions of the state, you may be wondering, Regional Forums…what’s it got to do with me? I assure you, it will be worth it. The content is great and likely relevant in all corners of Colorado. Aren’t we all interested in broadband infrastructure, transportation and workforce development? While attendees will hear specific presentations from Park, Teller, El Paso and Pueblo counties, it is more likely than not that your community has or will have similar issues. What better way to freshen up on best practices and network with economic development professionals who have been there, done that?

If Colorado Springs is just too far out of the way, we understand that too. In fact, that is why we are moving to multiple regional forums each year. The next regional event will be in August in beautiful Montrose, CO – so you will have an opportunity to join us in another corner of Colorado.

Thank you for your commitment to economic development in your community, region, and state. Together we succeed.

–Kelly Flenniken, EDCC Chairman

Applications due May 31 and Sept 1 for the Rural Economic Development Initiative

The Rural Economic Development Initiative (REDI) program is designed to help rural communities comprehensively diversify their local economy and create a more resilient Colorado.

Eligibility:

The most competitive applications to this program are those from counties with less than 50,000 people, and from communities with fewer than 20,000 people. Projects that are designed to strengthen their community through investments in the local economy and facilitating the diversification of local industries will also strengthen the application.

Two types of projects are eligible for funding:

  1. Local Government Economic Planning Grants
    – DOLA recommends grant requests not exceed $100,000.
    – Projects must result in a plan that will help to diversify the local economy. Examples include: strategic plans, engineering plans, land use feasibility, and/or               marketing studies. Consulting services for specific project implementation are also eligible.
  2. Infrastructure grants that support economic diversification.
    – DOLA recommends grant requests not exceed $500,000.
    – Projects must result in infrastructure that supports the diversification of the local economy. Examples include facility expansion, business incubators,                         industrial park infrastructure.
    – All projects should be identified as a priority for the community within a comprehensive and holistic approach.

Application & Forms:
Application
Guidelines

Program Contacts:
Christy Culp
South Central Colorado Regional Manager
(719) 580-1313
christy.culp@state.co.us

Reminder: Applications are due for Blueprint 2.0 resources offered by OEDIT

June 1, 2016, is the deadline for submitting applications for specialized resources from the Colorado Office of Economic Development, other state agencies, and external partners to help address their own unique economic development issues. Regions and communities must apply through their local economic developer to ensure there is broad support in the community for the initiative. Selected communities will be announced in July for site visits accompanying the resources, with additional communities being selected for visits in 2017.

Resources communities can apply for:

  • Grow your outdoor recreation industry
  • Strengthen your local business brand
  • Industry attraction initiative
  • Analyze competitive advantages
  • Tourism promotion and development
  • Incubator/accelerator best practices
  • Tiny homes community master plan
  • Creative Industries initiative
  • Adaptive reuse workshop
  • Community-led initiative

Interested applicants can visit the Blueprint 2.0 website to learn more about requirements and selection factors that the selection committee will consider when choosing community applications. The website also provides a list of local economic developers to contact about pursuing a Blueprint Initiative application.

For more information, please visit www.advancecolorado.com/colorado-blueprint-20. For a direct Blueprint 2.0 contact, please contact Meridith Marshall at meridith.marshall@state.co.us or Brad Revare at brad.revare@state.co.us.

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Metro Denver celebrates cooperation, ethics, and economic contributions during Economic Development Week

Economic developers are charged with generating economic growth, creating better jobs for residents, and facilitating an improved quality of life. The industry remains as complex, challenging, and rewarding as ever. The vital community development work by economic developers is showcased nationally though the first-ever Economic Development Week, May 8-14.

The nine-county Metro Denver region, including the counties of (and cities within) Adams, Arapahoe, Boulder, Broomfield, Denver, Douglas, Jefferson, Larimer, and Weld, work together to attract and retain new jobs in the region. This cooperation has made Metro Denver a national model for regional economic development.

Thirty years ago, it was revolutionary, but today, the regional model developed right here has been adopted by many other metropolitan areas of the country. In fact, Bruce Katz and Jennifer Bradley of the Brookings Institution dedicated an entire chapter to Metro Denver in their 2014 book “The Metropolitan Revolution.”

Just last week, a delegation of 80 business leaders from Greater Portland Inc.— the Metro Denver EDC’s counterpart in Portland, Ore.—visited the Mile High City seeking best practices in regional economic development. And recently, the Metro Denver Economic Development Corp.’s (Metro Denver EDC) CEO Tom Clark traveled to Chicago and Vancouver, BC to share advice with groups hoping to replicate the “secret sauce” that has made Metro Denver the standard for regional cooperation.

“Communities are judged not on where they are but where they are going,” said Tom Clark, CEO of the Metro Denver EDC. “Economic development professionals at more than 70 communities throughout the region are working daily to position their cities and county for economic growth. Their ethics and dedication is vital to promoting and branding Metro Denver as a leading location to do business.”

Top 5 Reasons Economic Development is Vital to Metro Denver’s Economy (link to infographic)

  1. Primary Job Creation – Economic development groups provide information and assistance to companies that create primary jobs—positions that produce goods and/or services for customers that are predominantly outside the community, bringing new dollars into the local economy. These jobs provide higher wages and support spinoff jobs.
  2. Economic Diversification – A diversified economic base helps expand the local economy and reduces a community’s vulnerability to a single industry. The Metro Denver region has an industry cluster strategy with nine industries contributing to the employment base and ongoing economic expansion. In fact, The New York Times highlighted Metro Denver’s diversified economy in an April 1, 2016 front-page feature.
  3. Business Retention – Eighty percent of job creation in the Metro Denver region occurs by existing companies expanding their operations. The region’s local economic development groups lead broad retention programs with their businesses and work proactively on issues and expansion opportunities.
  4. Increased Tax Base – New revenue generated by economic development supports, maintains, and improves local infrastructure, such as roads, parks, libraries, and emergency services.
  5. Quality of Life – More local tax dollars and jobs raise the economic tide for the entire community, including the overall standard of living for residents.

Economic development groups throughout the Metro Denver region adhere to a Code of Ethics, which includes standards for fair dealings, trust, and principles in the region’s economic development practice. Last week, cities and economic development groups in Larimer County symbolized their commitment through a resigning of the region’s joint Code of Ethics document.

Preliminary agenda posted for Regional Economic Development Forum in June

Preliminary Agenda:

Download (PDF, 168KB)

Register TODAY!