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INFRASTRUCTURE

 
Along with real estate costs, utility rates and availability have a significant impact on the operating costs of businesses. Reliable and affordable utilities are critical for a range of manufacturing, data processing, and other technology operations. Even larger professional services firms may make location decisions based on competitive electric rates. With a publically owned utility, Longmont offers some of the lowest electric rates in the region and country.
 
Longmont voters also approved expansion of the city’s fiber optic broadband network, one of the few high-speed networks in the country and highly affordable due to public ownership. This asset makes Longmont one of the most competitive locations for high-tech and data-centered businesses on internet speeds alone. This reaffirms the city’s dedication to being at the forefront of technological innovation.
 
Longmont has competitive transportation access for businesses and residents, with the shortest commutes among benchmarked regions, access to the interstate highway system, and proximity to Denver International Airport, one of the largest airports in the country.  The average commute time for Longmont residents was 21.9 minutes, below the national, state and county averages.  In addition to spending less time in traffic, 4% of Longmont residents take public transportation to work, which is below national and Boulder County averages, but the same as the Denver MSA and above state averages.
 
In addition to Denver International Airport, Longmont has Vance Brand Municipal Airport, which is in the process of improving its infrastructure. Traditionally a small, general aviation airport, Longmont Airport recently brought in a new Fixed-Based Operator (FBO), Chippewa Aerospace’s Elite Aviation, as a tenant to modify regional jets, has plans for a new terminal, and is looking at a possible runway expansion.
 
Longmont has relatively affordable Class A office space leasing rates but very little rentable area and low vacancy rates, which create challenges for the city when attracting and retaining professional service and other businesses. According to CBRE’s Market Statistics for 2013, the average lease rate for Class A office in Longmont was $16.65 per square foot, below all other parts of the Denver Metro, except Aurora ($14.38). Longmont may have some of the most affordable office space in the Denver Metro, but there is less of it available.
Longmont Economic Development Partnership
630 15th Avenue, Suite 100A
Longmont, CO 80501
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