Region 9 to Administer Rural Loan Fund Program

The Region 9 Economic Development District of Southwest Colorado has been chosen to administer $1.5 million dollars in rural business loan funds on the behalf of 12 rural regions throughout Colorado.

Based on the budgeted amount of $1.5 Million and an average loan size of $50,000, it is expected that at least 28 loans will be made in rural areas, at least 90 jobs will be created.

The funds are a grant from the Economic Development Commission (EDC) provided via the Office of Economic Development and International Trade (OEDIT) to support small business and start up lending around Colorado for the next 2- 5 years. Region 9 and the partner 12 regions were chosen as they already provide loans to under-served small businesses and have an established track record of collaboration and a delivery system in place.

“The strength of this initiative stems from the BLF Administrators having a physical presence in the rural communities that they serve,” said Sanjiv Doresewamy, Business Development Loan Officer.”

The regions’ Business Loan Fund Administrators meet twice a year to share best practices and work to move the economic success needle forward across the state.

Region 9 is a public/private partnership supporting and leading economic development activities and programs in SW Colorado. For more information on the Business Loan Fund visit www.scan.org or contact Loan Officers Jenny Stollar or Sanjiv Doreswamy, 247-9621 or jenny@scan.org, sanjiv@scan.org.

TECH HUB WITH A VIEW – New Video Highlights Grand Valley’s Tech Community

The Grand Junction Economic Partnership (GJEP) is pleased to present its latest video endeavor, “Grand (Silicon) Valley”, which highlights opportunities in Colorado’s Grand Valley for businesses and entrepreneurs in the technology realm. (View the video below.)

The video, sponsored by Colorado PERA and produced by Lightbulb Media in Grand Junction, Colo., kicks off with an introduction to Robert and Stephen Madsen, the father-son team behind local video game production company SynaptixGames. Their soon-to-be-released Virtual Reality game was projected against the landscape near the Lunch Loop Trails in Grand Junction, showing a literal integration between the local tech community and the environment in which they live, work and play.

“We wanted a video that would capture the unique lifestyle and work environment that is available to entrepreneurs in the Grand Valley,” said Cilia Kohn, GJEP Marketing Director. “You don’t need to be in a big city to be a successful tech business. Often you just need access to like-minded talent, funding and a wireless connection. The Grand Valley offers all that in a beautiful, outdoor setting unlike any other.”

The video also features Erica Witherspoon, Founder and CEO of Omnifica Consulting, who relocated to the Grand Valley from Silicon Valley (with previous roles at Amazon, Microsoft and Nintendo) based on the lifestyle and outdoor recreation offered in the region. Other participants include Colorado Mesa University; Josh Hudnall, co-founder of the Western Colorado tech community organization, LAUNCHWestCO, and Grand Junction’s first coworking space, Factory; Jon Maraschin with The Business Incubator Center; and Page Tucker, CEO and Founder of ProStar Geocorp, and recent awardee of the Colorado Technology Association’s Entrepreneur Excellence Award.

In addition to capturing the quality of life in Colorado’s Grand Valley, the video shares more information about the Rural Jump-Start Tax Credit program, a veritable tax holiday for new business in the advanced technology field. Jump-Start started in the Grand Valley in January 2016 and has since supported eight companies start up or expand in the region, including ProStar Geocorp.

“As an innovative organization, PERA is always looking for ways to partner with organizations helping to spur new ideas and activities—especially in rural Colorado, where PERA’s economic impact is especially strong. We’re excited to join with PERA employers like CMU and OEDIT to help promote JumpStart Mesa County,” said Tara May, Chief Communications Officer for Colorado PERA.

The “Grand (Silicon) Valley” video launched at the Western Colorado Economic Summit on June 6. It is now available on www.gjep.org, www.jumpstartmesaco.com and circulating on social media.

 

Enjoy the video:

New Members Appointed to the Colorado Economic Development Commission

At the June 7th Economic Development Commission (EDC) meeting, the Colorado Office of Economic Development and International Trade (OEDIT) welcomed five new appointees to the Commission. The five new appointees bring diverse experience to the EDC, which provides necessary oversight of OEDIT’s job creation incentives.

“We are looking forward to utilizing the new EDC members’ perspectives and expertise to continue growing a thriving economy and supporting rural Colorado,” said OEDIT executive director Stephanie Copeland. “We are confident their leadership, and commitment to Colorado, will enhance our work across the State.”

The honorable Senate President Kevin Grantham (R) appointed three new commissioners: Rob Brown from Fremont County, Tara Marshall from Trinidad, and Chris Franz from Colorado Springs as the Advanced Industries representative. Governor John Hickenlooper appointed Bob Hurst from Aspen and Tom Clark from Metro Denver. Commissioner bios are available at ChooseColorado.com.

Copeland also thanked exiting commissioners Noel Ginsberg and Chuck Murphy for their service on the Commission and dedication to the State.

The Colorado General Assembly created the EDC in 1987, and recently extended the EDC repeal date to July 1, 2025. The EDC is a bipartisan commission consisting of 11 members, with three being appointed by the President of the Senate, three appointed by the Speaker of the House, and five appointed by the Governor.

Programs the EDC is required by statute to oversee include:

  • The Job Growth Incentive Tax Credit program
  • The Strategic Fund
  • The Rural Jump Start Zone Program
  • The Enterprise Zone Program
  • The Advanced Industry Accelerator Grant Program
  • The Film Incentive Program

Since 2012, the EDC has approved incentives for the creation of 38,000 new jobs in Colorado at or above the average annual county wage where located. More information and the EDC annual report are available at ChooseColorado.com.

The Key to Regional Prosperity is Talent

Economic Development Council of Colorado (EDCC) hosted its Regional Economic Development Forum, the second in a series of forums held around the state in 2017, at the Ranch Event Center, in Loveland, CO.

Inspired by Region 2, Larimer and Weld Counties, this one-day forum highlighted the continued growth in northern Colorado, associated challenges facing our communities, and current strategies in place to address these challenges.

“Our economic development challenges are universal in both our urban and rural communities here in northern Colorado and across the state,” said Rich Werner, president and CEO of Upstate Colorado Economic Development. “Workforce stability, transportation funding, and associated growth are something we pay constant attention too. This forum provided important context into strategies to address some of these challenges.”

Colorado is forecast to increase from 1.7 percent of the US population to 2.1 percent by 2050. Most of that growth will be seen on the Front Range. Elizabeth Garner, Colorado’s state demographer, reported last Friday that Colorado’s labor force is changing. By 2030, Colorado’s 65 and older population will be 77 percent larger than it was in 2015. How does that affect the economy? “People over the age of 65 are starting to retire, they spend differently, and they buy different products and services,” Garner said. “This is a market that everybody needs to be looking at, especially in these two counties.” Garner challenged the audience by asking “have we thought about aging as a growth sector?” “How will this affect our retail, manufacturing, transportation or construction industries?”

So if our population is growing and we have one of the lowest unemployment rates in the country, then why is it so hard for employers to fill many open positions?

Nationally, 46 percent of companies report they are having trouble finding talent. This in large part is due to the lack of experience in the workplace as well as the lack of technical and workplace competencies required. Colorado’s Office of Economic Development and International Trade (OEDIT) has been working to close this gap through a series of initiatives. “With the net migration increasing, if we don’t create diverse and emerging business centers around the state, we are going to have over population and congestion in areas that cannot afford it,” said Stephanie Copeland, OEDIT’s newly appointed executive director. “So we need to create communities that Coloradans want to be, have access to affordable housing, and a good job market.”

The key to regional prosperity is talent. Talent has a greater impact on regional prosperity than trade. Caroline Alexander, with Texas based consulting firm TIP Strategies, presented on a recent report commissioned by an economic development and workforce coalition in Larimer County. “Talent is the leading driver in today’s site selection decisions,” explained Alexander. “The availability of a skilled labor force has become more important than the cost of doing business.”

Out of this study an initiative has been created to address this challenge called Talent 2.0. The initiative will focus on the alignment of education and workforce resources more closely with the business community and the local talent pool; actively support employers in finding, attracting, and retaining the talent they need to succeed through the use of their sector partnerships, and collectively address structural issues that serve as barriers to secure a talent pipeline.

A barrier to accessing a talent pipeline in northern Colorado is transportation. Friday’s panel made up of local, state, and federal representatives presented on northern Colorado’s challenges to this growing statewide issue. With the continual increase in population growth along the Front Range and the absence of a reliable funding mechanism for transportation improvements, Larimer and Weld Counties are banding together to find that solution. “North I-25 is currently at a Level of Service D heading towards a Level of Service F by 2035,” David May, president and CEO of Fort Collins Chamber of Commerce stated, “which could mean our reality could be a three hour commute to Denver or DIA. We’ve got a real problem that needs to be solved.”

A two pronged strategy has been forged to help solve these issues. On the local level, Fix North I-25 (click to read more on Fix North I-25 goals). If they meet their adjectives, the changes could see an economic benefit of $1.1 billion form travel savings, lower vehicle operating cost, and more efficient business and freight logistics. Statewide, Fix Colorado Roads are looking to secure $3.5 million in bonding capacity, accelerate critical transportation projects throughout the state, and finding funding through both existing revenues and a new dedicated revenue source.

For more information on this event including speaker bios, presentations, and event photos, please visit www.edcconline.org.

Event supporters included:
Presenting Sponsors, City of Fort Collins, Upstate Colorado Economic Development, Town of Windsor, Colorado Office of Economic Development & International Trade | Gold Sponsors, Colorado Office of Film, Television & Media, Northern Colorado Economic Alliance | Platinum Sponsors, Colorado Workforce Development Council Sector Partnerships, Poudre Valley REA, Metro Denver EDC | Media Sponsor, Loveland Reporter-Herald

Amazon to open new fulfillment center in Thornton

City of Thornton announced on June 12, 2017 that Amazon, the electronic commerce and cloud computing company, is building a new fulfillment center in Thornton.

The footprint of the new building Amazon is working with Trammell Crow Company to build is 855,000 square feet, but the building will have three floors making it a 2.4 million square foot fulfillment and robotics center on about 80 acres at the Northeast corner of Interstate 25 and 144th Avenue.  Construction is set to begin in early June of this year with an anticipated opening date of August, 2018.  The facility will be different than the other fulfillment centers in Colorado because it will be an Amazon Sort Facility, meaning it will only handle product that is 18 inches and smaller and includes a large amount of robotics.  The facility is anticipated to employ over 1,500 full-time people with an increase for seasonal workers around the holidays.

“We are excited to continue growing in Colorado with the new Amazon Robotics fulfillment center in Thornton,” said Akash Chauhan, Amazon’s Vice President of North American Operations. “This facility will utilize Amazon Robotics, vision systems, and more than 20 years’ worth of software and mechanical innovations. We are grateful for the support we have received from state and local leaders who have helped make this project possible.”

The 2.4 million square foot facility will be the largest industrial building in Colorado.  Given the short timeframe of just 14 months for development of such a large scale and innovative facility, the project required an “all hands on deck” approach from the development team in Thornton. Thornton’s business-friendly development process made this project possible in the timeframe allowed.  This includes the recently implemented Economic Significance program, which allows for administrative development review for projects in the North I-25 corridor.

“The city of Thornton is extremely excited Amazon chose to locate this state-of-the art facility in Thornton.  Amazon’s commitment to the communities where their fulfillment centers are located is impressive” said Thornton Mayor Heidi Williams. “They will be the largest employer in Thornton and represent the cutting edge of innovation in the e-commerce market.  This highlights what a great location Thornton is for Fortune 500 companies and will continue to advance Thornton’s employment center in the Northern part of the city”.

“The city of Thornton understands economic development and has the attitude and processes necessary to attract job growth,” stated Bill Mosher, Senior Managing Director of Trammell Crow Company’s Denver Business Unit. Mosher added, “Our original interest in this site was based on excellent access and strong demographics related to employment and growth. For a company of Amazon’s stature to select Thornton and this site, it is a testimonial of the future of the north I-25 corridor.”

“We are pleased to continue working with Amazon as it grows and creates jobs in Colorado,” said Governor John Hickenlooper. “Our talented workforce will have the opportunity to learn new, valuable skills with Amazon and work alongside innovative technology. We look forward to the great jobs with competitive wages and comprehensive benefits that Amazon will bring to the state.”

CU Boulder honored for positive impact of international students on nation’s economy

U.S. Secretary of Commerce Wilbur Ross presented the University of Colorado Boulder with the President’s “E” Award for Exports at a ceremony on May 22, in Washington, D.C.

The President’s “E” Award is the highest recognition any U.S. entity can receive for making a significant contribution to the expansion of U.S. exports. CU Boulder, the only institution of higher education to receive this year’s award, was specifically called out for prioritizing international education and doubling international student enrollment over the past five years.

“The University of Colorado Boulder has demonstrated a sustained commitment to export expansion,” Ross said in his congratulatory letter announcing its selection. “The institution’s growth of employment tied to increases in the number of international students was also particularly notable. The University of Colorado Boulder’s achievements have undoubtedly contributed to national export expansion efforts that support the U.S. economy and create American jobs.”

In total, Ross honored 32 U.S. companies and organizations from across the country with the President’s “E” Award for their role in strengthening the U.S. economy by sharing American ingenuity outside of our borders.

While education is not considered a commodity by all, that perception is changing, said Larry Bell, assistant vice chancellor for global strategic initiatives at CU Boulder.

U.S. Secretary of Commerce Wilbur Ross (left) presented Larry Bell, ​assistant vice chancellor for global strategic initiatives (middle), with the award in Washington, D.C. They are joined by Deputy Under Secretary for International Trade Kenneth E. Hyatt.

“The trading of knowledge is something that is increasingly being thought of as an economic commodity,” Bell said. “The Denver World Trade Association featured knowledge and research innovation as a commodity in World Trade Day this year.”

Bell pointed out that international education is the seventh largest export industry in the U.S. At CU Boulder, 3,079 international students were enrolled in 2016–17, up from 1,643 five years earlier.

“It’s not just tuition we’re talking about,” Bell said. “These students also rent rooms, buy food, buy clothes, buy cars. They spend money outside of simply tuition.”

Nationally, international students have a $32 billion economic impact, he said. International students at CU Boulder contributed $106 million to the state’s economy last year and supported more than 1,600 jobs, according to NAFSA, the Association of International Educators.

U.S. companies and institutions are nominated for the “E” Awards through the Department of Commerce’s U.S. Commercial Service, located within the department’s International Trade Administration. The U.S. Commercial Service helps U.S. entities expand in international markets by lending their expertise at every stage of the exporting process.

U.S. exports totaled $2.21 trillion in 2016, accounting for nearly 12 percent of U.S. gross domestic product. Exports supported an estimated 11.5 million jobs nationwide in 2015, according to the most recent statistics from the International Trade Administration.

In 1961, President Kennedy signed an executive order reviving the World War II “E” symbol of excellence to honor and provide recognition to America’s exporters. Criteria for the award is based on four years of successive export growth and case studies which demonstrate valuable support to exporters resulting in increased exports for the company’s clients.

“One thing people consistently don’t fully appreciate is that international students contribute greatly to the local economy – in addition to the contributions they make in the classroom and the diversity on the campus,” Bell said.

» Read more: CU Boulder honored for positive impact of international students on nation’s economy | CU Boulder Today

>> Submitted by: CU Boulder, Office for Strategic Relations

Vertafore establishes headquarters in Denver; launches Centers of Excellence Strategy

Vertafore, the leader in modern insurance technology, announced on May 22, the launch of a Centers of Excellence strategy designed to further enhance customer service and accelerate innovation.

As part of this strategic investment, Vertafore is aligning with technology industry best practices of co-locating teams with specialized expertise to drive effective collaboration, improve speed-to-market, and provide innovative products and solutions to meet the evolving demands of customers across the insurance industry. Vertafore designated offices across North America as Centers of Excellence, each of which will house a specific product team or business function to provide the consistency and proficiency needed to deliver a superior customer experience. The company also announced that Denver will be the new location of Vertafore headquarters as well as a Center of Excellence focused on agency management and insurance knowledge base solutions.

Each Vertafore Center of Excellence will bring together agile teams to increase the speed of innovation. In addition to Denver, other Centers of Excellence are located in: Atlanta, Georgia; Bothell, Washington; East Lansing, Michigan; Greenwich, Connecticut; Pulaski, Tennessee; Windsor; Connecticut; and three Vertafore locations in Canada.

“We are launching our Centers of Excellence strategy because we want our primary focus to be driving customer success and producing increasingly positive customer outcomes,” said Amy Zupon, Vertafore Chief Executive Officer. “To achieve this goal, we felt that we needed to fully commit to aligning our business to be entirely customer-centric. We are confident that this strategic investment to unite our specialized teams in combined business units will offer significant benefits to our customers through speed of development, scale, and sharing of best practices.”

» Read more: Seattle-area insurance-software company is moving HQ to Denver | Denver Business Journal

>> Submitted by: Metro Denver EDC

Colorado’s Advanced Industries Accelerator Program Awards $2.9 Million to Technology Startups

The Colorado Economic Development Commission (EDC) approved $2.9 million in Advanced Industries Accelerator (AIA) grants for 18 Colorado companies with technologies that will positively impact key industries from health to manufacturing. The program has awarded over $40 million since its inception in 2013.

“Colorado is a national leader in innovation and business startups,” said Office of Economic Development and International Trade executive director Stephanie Copeland. “The Advanced Industries Accelerator program is a key initiative in encouraging such activity within the State and we are thrilled to fund so many innovative organizations.”

The Colorado EDC approved 15 Colorado companies to receive Proof-of-Concept and Early Stage Capital Grants for a total of $2,696,489. Additionally, three Colorado companies – Arthroventions, Optienz Sensors, LLC, and IM Therapeutics -were approved for second round or “transition” funding for $203,511.

Proof-of-Concept grants are open to Colorado research universities, federal labs located in Colorado and other labs with valid technology transfer offices for pre-commercialization research and commercialization preparation. Early Stage Capital and Retention grants fund companies commercializing innovative technologies to create viable products that meet a market need and can be created or manufactured in Colorado and exported globally.

The Advanced Industries Accelerator Grant program received 124 applications this grant cycle. Applications were reviewed by committees of business, technical and financial experts, as well as by an industry-specific reviewer. Of the applicants, 24 companies were invited to participate in a pitch session in April with the full AIA committee. Final recommendations were approved by the Colorado EDC on May 18.

The next application cycle for Proof-of-Concept and Early Stage Capital and Retention Grants will open on July 3, 2017 and applications will be due August 31, 2017. Infrastructure grant cycle will open Feb. 1, 2018 and close on April 2, 2018.

Approximately $40,773,560.79 from the Advanced Industry Fund has been granted since the inception of the program in 2013. To date, the program successes include the creation of 492 new jobs and approximately 593 jobs retained. Additionally, these funds have helped the technologies acquire an additional $200,353,734.29 dollars in grants and investments to further commercialize these advanced technologies.

The Advanced Industries Accelerator Program (AIA) was created in 2013 to promote growth and sustainability in Colorado’s advanced industries by driving innovation, accelerating commercialization, encouraging public-private partnerships, increasing access to early stage capital and creating a strong infrastructure that increases the state’s capacity to be globally competitive. AIA encompasses three distinct grant programs: Proof of Concept, Early Stage Capital and Retention, and Commercialization Infrastructure.

Awardees:

  • Astra, LLC – ASTRALiTe has developed a revolutionary lidar technology that penetrates the water, measuring the water depth as well as mapping underwater infrastructure, with a range resolution of 1cm.
  • Colorado School of Mines – Researcher- Dr. Nils Tilton- The objective of this proposal is to develop more efficient and sustainable methods of water treatment.
  • Colorado State University/CureImmune – Researcher- Dr. Amanda Guth – CureImmune is developing the first immuno-oncology checkpoint inhibitor drug (beta alethine, BA or 4cure™) that is a stable small molecule, inexpensive to manufacture, easy to store and ship and that can be administered at home.
  • Colorado State University/LaPorte Ag Therapeutics Researcher – Dr. Steven Dow- MucosImmune is a liquid, topically administered, next generation immunotherapeutic designed to improve on first generation injectable immune therapeutics for cattle.
  • Elementum 3D – will utilize an innovative reactive additive manufacturing (RAM) technology to develop and commercialize advanced new 6000 and 7000 series aluminum alloy metal matrix composites (MMCs).
  • GitPrime (Durango, CO) – is cloud software that provides productivity analytics for teams of software developers.
  • Living Ink Technologies – Living Ink has developed a solution that is a patent pending technology ink formulations using algae cells as a bio-pigments and other components that are plant-based for a sustainable, renewable, biodegradable and safe ink replacement.
  • Matrix Analytics – Matrix Analytics has developed LungDirect which provides real time data analytics, PCP and patient letter population, multi-disciplinary reporting, advanced nodule tracking, and more for lung cancer patients
  • Meadowlark Optics – The proposed work will set a new frame rate standard using our recently developed high voltage, large format 512×512 pixel SLM as a replacement for our low voltage, small format 512×512 pixel SLM (Spatial Light Modulators).
  • Molon Labe, LLC – Molon Labe has developed a new commercial aisle-widening staggered airline seat.
  • Mountain Racing Products (Grand Junction, CO) – Eko Sport, Inc. dba Mountain Racing Products (MRP) is a manufacturer of high end bicycle components and will be launching a new suspension fork line aimed at the new hub standard.
  • Rebound Technologies – IcePoint is a liquid sub-cooling product that plugs into legacy refrigeration systems, both new and retrofits, to boost performance of industrial freezers. Unmatched efficiency and control make IcePoint the future of refrigeration.
  • Solo-Dex- Solo-Dex Inc – is a medical device company founded by Colorado physicians to promote the use of nerve catheters for pain management by using Continuous Peripheral Nerve Blocks (CPNB) for orthopedic surgery.
  • University of Colorado – Denver Researcher – Dr. Randall Tagg- The work outlined in this proposal aims to develop systems for the industrial scale production of electronics-grade single-walled carbon-nanotubes (CNTs).
  • Vartega Carbon Fiber Recycling, LLC – Vartega creates strong and lightweight low-cost carbon fiber through the use of its patent pending chemistry-based recycling process.

>> Submitted by: Colorado Office of Economic Development and International Trade

Winds of change: Xcel is getting smarter and greener about energy

The Denver Business Journal just recently published an exclusive, in-depth report on Xcel Energy’s massive shift to a clean energy supply.

“They’re the leader in the land. Nobody in America does more wind than Xcel Energy,” said former Gov. Bill Ritter.

As Xcel Energy is increasing energy choices for their customers, they are also exceeding their already-aggressive environmental goals: going from just 2% carbon-free energy in 2005 to more than 40% by 2021; reducing carbon emissions by 45% as well. And, they have surpassed their targets while staying under budget.

Read full article free of charge: Behind Xcel Energy’s big bet on wind | Denver Business Journal

Three Colorado Companies Win Prestigious Honor of Governor’s Award for Excellence in Exporting

Colorado companies Meadowlark Optics, Project C.U.R.E. and VAIREX air systems were announced May 15, as the three winners of the 2017 Governor’s Award for Excellence in Exporting for their contributions to the Colorado economy through international trade.

“Meadowlark, Project C.U.R.E. and VAIREX are shining examples of how exporting can help expand businesses, increase profits, and grow Colorado’s economy,” said Governor John Hickenlooper. “From fuel cells to polarization products to medical supplies, exporting provides access to 95 percent of the world market outside our borders. We are honored to recognize these companies for their commitment and wish them continued success.”

Meadowlark Optics (Frederick, Colo.) is an international thought leader in light-based technologies and has an extensive international portfolio, exporting to 30 countries. Meadowlark, established in 1979, supplies a variety of industries with innovative polarization solutions and engineering services. Meadowlark has been a valuable contributor to the infrastructure of the Colorado Photonics Industry (CPIA) since it initially launched in 1997, and has financially sponsored international scientific symposiums and performed worldwide speaking engagements to raise global awareness of the problem-solving solutions that light-based technologies can provide. Exports currently represent over 59 percent of Meadowlark’s sales.

Project C.U.R.E. (Centennial, Colo.), the world’s largest distributor of donated medical supplies and equipment, exports these products to hospitals and clinics in more than 133 countries around the globe. Project C.U.R.E. has been an industry leader in developing new ways to export medical supplies to resource-limited communities across the globe, including creating an efficient and accurate inventory system, improving supply chain management, and providing expert management of logistics. Exports currently represent over 96 percent of Project C.U.R.E.’s sales.

VAIREX air systems (Boulder, Colo.), an international technical leader in fuel cell air systems, manufactures advanced air blower systems based on the company’s patented breakthrough technology. VAIREX is focused on blowers for fuel cells in the 1-30 kW power range, which represent over 90% of all the fuel cells sold in the world today. Currently, VAIREX exports to customers in 17 countries in the Americas, Europe and Asia and exports represent 56 percent of VAIREX’s sales. The company is poised for the rapidly growing global fuel cell industry.

The Governor’s Award for Excellence in Exporting was first given in 1970 and recognizes economic growth through international business. Winners were formally recognized at this year’s World Trade Day, the region’s premier international trade event. This year’s World Trade Day theme was Containers to the Cloud: Trade as Goods, Services & Knowledge.

Awardees will receive $500 worth of consulting services through the Colorado Office of Economic Development and International Trade’s (OEDIT) Global Consultant Network. The program connects qualifying Colorado companies to global opportunities and market education.

Colorado exported $7.5 billion in products in 2016, and an estimated $14 billion in services. The Excellence in Exporting Award recognizes this contribution to the state’s economy by highlighting noteworthy accomplishments by Colorado exporters. More information about OEDIT’s export grant programs can be found here.

>> Submitted by: Colorado Office of Economic Development and International Trade