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Press Release

LONGMONT ECONOMIC DEVELOPMENT PARTNERSHIP RELEASES WORKFORCE PERCEPTIONS STUDY RESULTS

Residents and Workers Positively Rank Longmont as Welcoming, Safe, and Respectful with a Strong Work-Life Balance

LONGMONT, CO (July 7, 2021) – Longmont Economic Development Partnership (Longmont EDP) has released the 2021 Workforce Perceptions Study to gauge how Longmont-based residents, workers, and business owners view living and working in Longmont.

“The survey highlights the deep appreciation residents have for this community, and the active choice people make to live and work here,” said Jessica Erickson, CEO of Longmont Economic Development Partnership. “Longmont has a vibrant economy, it’s full of energy, it’s a great place to work, and it’s a wonderful place to raise a family.”

Key takeaways include:

  • Over half of respondents said that Longmont offers “the perfect work/life balance.”
  • 50% described businesses located in Longmont as “innovative.”
  • More than half rated the schools in Longmont as “good” to “excellent.”
  • Over half of respondents describe Longmont as safe, welcoming and respectful.

The survey posed questions that asked for respondents’ rankings in several categories including safety, cost of living, access to entertainment and restaurants, access to outdoor recreation activities, the quality of the schools, and workplace advancement opportunities.

“Affordable housing,” “access to housing,” and “cost of living” were ranked as very to extremely important to respondents and that Longmont had shortcomings in these areas specifically. Longmont EDP is working with elected leadership, the development community, and industry leaders to tackle these issues.

“Despite the uncertainty of last year, we continue to see growth and expansion in Longmont,” Erickson added. “Businesses move or expand here because of the availability of local talent, support they receive, and the opportunity to build and grow. People choose to work here because of the work-life balance, innovative companies, and strong business community. People live here for access to recreation, top-notch schools, as well as a feeling that Longmont offers a safe, welcoming, and respectful environment.”

FOR MORE RESULTS OF THE STUDY, SEE THE ACCOMPANYING INFOGRAPHIC.

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ABOUT Longmont EDP: A 501(c)6 non-profit organization founded in 1981, Longmont EDP is funded with both public and private dollars. More than 120 private sector businesses join the City of Longmont, Boulder County, and Platte River Power Authority as our economic partners. Longmont Economic Development Partnership leads a comprehensive approach to building an economic ecosystem that not only supports but champions businesses and their owners. From world-famous brewers to smart manufacturing plants, specialized business catalysts to world-class research facilities, our businesses in Longmont build an economy that champions growth, prosperity, and inclusion. Longmont’s newly launched economic development strategy, Advance Longmont 2.0, focuses on quality job creation and business investment. We activate a powerful civic infrastructure that identifies problems, creates innovative solutions, and implements these programs across partner organizations. For us, Advance Longmont means doing it together. Learn more at www.longmont.org.

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THE 2021 ADVANCE LONGMONT ECONOMIC SUMMIT

Paving a Path to a Bright Future: February 25th and 26th

Longmont, CO (February 9, 2021) – Longmont EDP and the Advance Longmont Partners are leading the way in paving a path to a bright and resilient future for Longmont’s local economy. The Advance Longmont Economic Summit, hosted by Longmont Economic Development Partnership, provides an opportunity for Longmont-area business and civic leaders from the public, private, nonprofit, and education sectors to learn, share, and engage in addressing the opportunities and challenges Longmont faces in pursuing a transformative economic development strategy that seeks to develop an inclusive economy, align the community around collective impact, and move the needle on the issues that matter most.

The two-day virtual event, presented in partnership with Xcel Energy, will feature keynote speakers Patty Silverstein, president and chief economist at Development Research Partners, and Iffie Jennings, founder of The Kindness Network. Breakout sessions will feature some of Longmont’s thought leaders and innovators from both the public and private sectors, including:

  • Chris Pearson, CEO of Roccor
  • Eric Wallace, Co-founder and CEO of Left Hand Brewing Company
  • Sally Dyer, vice president of operations at Novartis Gene Therapies
  • Lori Jones, president and CEO of Avocet Communications
  • Mat Wiggins, director of community and business development at St. Vrain Valley School District
  • Kimberlee McKee, executive director of the Longmont Downtown Development Authority
  • Sergio Angeles, CEO of Innovate Longmont
  • Phil Greenwald, transportation manager for the City of Longmont

WHEN: THURSDAY, FEBRUARY 25TH, and FRIDAY, FEBRUARY 26TH, from 8:00 a.m.-10:30 a.m. MST

Participants can register here.

“The Advance Longmont Economic Summit is a unique coming-together of bold and creative business and civic leaders,” said Jessica Erickson, president and CEO of Longmont EDP. “Every year the Advance Longmont Economic Summit brings together leaders who are changing the way we do business, who are instrumental in making Longmont a thriving and inclusive community. This year’s Summit promises to be not only informative, but also to serve as a call to action for leaders from across the community to engage in the work of Advance Longmont 2.0, the next evolution of economic development in Longmont.”

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Press Release

Jessica Erickson, Longmont Economic Development Partnership President, Named Co-Chair of Metro Denver Economic Development Professionals Group

LONGMONT, CO (August 6, 2020) – It was announced last week that Jessica Erickson, president and CEO of Longmont Economic Development Partnership (Longmont EDP), has been named co-chair of the Metro Denver Economic Development Corporation’s Economic Development Professionals Group for 2020 and 2021.

Her co-chair is Ben Pratt, economic development director for the Town of Erie.

“I am honored to be a part of this amazing group of big thinkers and innovators, including my co-chair Ben Pratt,” Erickson said. I look forward to the serving the region in this capacity, and to leveraging this opportunity to ensure that Longmont has a strong voice in regional economic development strategy, marketing, and policy.”

According to Rich Werner, CEO of Upstate Colorado and outgoing chair of the Metro Denver EDC’s ED Professionals Group, the nomination of two co-chairs aligns the group with Metro Denver EDC’s executive committee and board of governors structure and provides diverse perspectives in the leadership of its economic development partners across the region.

“This is an easy example of why two is better than one,” Werner said. “Many of us have known Jessica for years and our group will be well served by her talent and experience. This new model will allow us to have options going forward that represent a variety of perspectives and experiences.

“Our group cannot be in better hands,” he added.

Erickson has served as president and CEO of Longmont Economic Development Partnership since 2015 where she has overseen the complete re-design and re-branding of the organization around a collective impact strategy that champions growth, prosperity, and inclusion as the pillars of economic development. During that time, Longmont EDP has spearheaded projects that have helped attract or expand more than 150 businesses, brought more than $1 billion in new capital investment, and impacted the creation of more than 2,000 primary jobs. Erickson has also led the charge to more than triple private sector funding for Longmont EDP. Prior to joining Longmont Economic Development Partnership, she was the Senior Industry Development Manager for the Colorado Office of Economic Development and International Trade focusing on retention, expansion and recruitment of businesses specializing in Advanced Manufacturing, Infrastructure Engineering, Electronics, Financial Services, and Technology & Information.

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ABOUT Longmont EDP: A 501(c)6 non-profit organization founded in 1981, Longmont EDP is funded with both public and private dollars. More than 120 private sector businesses join the City of Longmont, Boulder County, and Platte River Power Authority as our economic partners. Longmont Economic Development Partnership leads a comprehensive approach to building an economic ecosystem that not only supports but champions businesses and their owners. From world-famous brewers to smart manufacturing plants, specialized business catalysts to world-class research facilities, our businesses in Longmont build an economy that champions growth, prosperity, and inclusion. Longmont’s newly launched economic development strategy, Advance Longmont 2.0, focuses on quality job creation and business investment. We activate a powerful civic infrastructure that identifies problems, creates innovative solutions, and implements these programs across partner organizations. For us, Advance Longmont means doing it together. Learn more at www.longmont.org.

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Press Release

COLORADO’S BEST-KEPT SECRET Longmont, Colorado – Ranked the #1 Boomtown in the U.S. – Launches National Campaign to Attract Top Talent

Longmont, CO (August 4, 2020) – Longmont, Colorado – a city 30 miles north of Denver with a population of nearly 100,000 – has launched a national campaign to attract top talent and job seekers to the area.

Funded by business investors and local partners and spearheaded by Longmont Economic Development Partnership (Longmont EDP), the campaign takes a novel approach to attracting and retaining top talent for Longmont’s existing and future employers.

“We are focusing on talent and people looking for jobs and wanting to relocate because we know that the quality of a workforce – their skills and talents, as well as their emotional well-being – is vitally important to executives in making location and expansion decisions,” said Jessica Erickson, president and CEO of the Longmont EDP.

The campaign will focus on key geographic areas, including Boston, Seattle, Salt Lake City, Portland, and Minneapolis. These areas were chosen, Erickson said, because they have a similar and high Industry Location Quotient (meaning high concentration in Longmont’s target industries) and a high Occupation Location Quotient (meaning high concentration in the talent pool that’s relevant to the city’s target industries).

“Longmont brings together innovation, creativity, and entrepreneurial grit with an unparalleled quality of life,” Erickson added. “People live here because of the beautiful mountains, the access to outdoor activities, the brewpubs and nationally known restaurants, the weather…and they work here because of the strong work/life balance, advancement opportunities, and the innovative companies in Longmont.”

The campaign takes a multi-pronged and integrated marketing approach that will include paid and organic social campaigns, public relations and media relations outreach, and a website refresh.

Longmont is perfectly positioned for this push, Erickson added, noting that the city has had a 1.2 percent average annual economic growth since 2013. It is home to a number of advanced technology companies that are engaged in cutting-edge R&D, and the translation of ideas into products. Names like Intel, Seagate, Xilinx, Western Digital, Micron, Sticker Giant, AveXis, J.M. Smucker Company, Left Hand Brewing, Oskar Blues, and others populate Longmont’s industry landscape. In Longmont alone, more than 200 global companies have a presence and employ more than 11,000.

In 2019 Longmont was named the #1 Boomtown in the U.S. by smartasset.com

“We are Colorado’s best-kept secret, but it’s one that we want everyone to know about,” Erickson said.

Longmont’s key industries clusters include:

SMART MANUFACTURING: Longmont is a national center for the manufacturing of tomorrow, where leading companies are designing and building the next frontier of advanced manufacturing technology. Companies here are creating everything from optical devices to smart city technology, storage batteries to surgical tools. These are the companies that are building the devices that redefine the ways today’s industries operate and that make the reality of whole new industries happen.

JOBS: 2,154

PROJECTED 5-YEAR GROWTH: 1.8%

AVERAGE EARNINGS: $96,480

FOOD & BEVERAGE: Food and beverage companies are a well-established cornerstone of Longmont’s industrial diversity. We are not only home to national breweries, craft distilleries and artisan eateries, we are also a hub for national and international food companies and their manufacturing. This is a place where you can build a reputation and a career in the food & beverage industry while you tantalize taste buds and influence tastemakers across the globe.

JOBS: 699

PROJECTED 5-YEAR GROWTH: 15.7%

AVERAGE EARNINGS: $51,820

KNOWLEDGE CREATION & DEPLOYMENT: Longmont is a center for new knowledge and breakthroughs. We are a national hub for cutting-edge R&D and deployment in engineering, physical and life sciences. You will find numerous private research labs in our community, as well as medical, pharma, and bioengineering and biotechnology companies looking to hire innovative thinkers who can help them push the boundaries of our scientific knowledge.

JOBS: 1,857

PROJECTED 5-YEAR GROWTH: 5%

AVERAGE EARNINGS: $127,430

The second pillar of the national efforts will include outreach to site selectors and corporate relocation and expansion decision-makers.

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ABOUT Longmont EDP: A 501(c)6 non-profit organization founded in 1981, Longmont EDP is funded with both public and private dollars. More than 120 private sector businesses join the City of Longmont, Boulder County, and Platte River Power Authority as our economic partners. Longmont Economic Development Partnership leads a comprehensive approach to building an economic ecosystem that not only supports but champions businesses and their owners. From world-famous brewers to smart manufacturing plants, specialized business catalysts to world-class research facilities, our businesses in Longmont build an economy that champions growth, prosperity, and inclusion. Longmont’s newly launched economic development strategy, Advance Longmont 2.0, focuses on quality job creation and business investment. We activate a powerful civic infrastructure that identifies problems, creates innovative solutions, and implements these programs across partner organizations. For us, Advance Longmont means doing it together. Learn more at www.longmont.org.

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Press Release

Longmont Economic Development Partnership Releases Survey Results 87% Of Respondents Reported They Would “Strongly Recommend” Longmont To Their Friends

LONGMONT, CO (August 4, 2020) – Longmont Economic Development Partnership (Longmont EDP) recently commissioned a Workforce Perception survey to get a pulse on how Longmont-based workers viewed living and working in Longmont.

62 people responded to the survey. Top-line takeaways include:

  • 87% would strongly recommend Longmont to a friend or colleague.
  • 80% felt that Longmont was a safe place to live.
  • 9 out of 10 said that the city had “a strong community vibe.”
  • 85% felt that Longmont supported a strong work/life balance.

Survey questions took respondents on a deep dive, posing questions that asked for their opinions in several categories including safety, hospitality, access to entertainment and restaurants, access to outdoor recreation activities for kids and adults, the quality of the schools, workplace advancement opportunities, and the innovation of the companies based here.

For more results of the Workforce Perception study, see the accompanying infographic.

“What Longmont has to offer is more than just the great quality of life, the affordability, the fast internet, and the gorgeous mountains that are only 20 minutes away,” said Jessica Erickson, president and CEO of Longmont EDP. “What the survey showed was that Longmont is a community that is supportive and energizing for families, individuals, entrepreneurs, innovators, and businesses. Despite some of the challenges we are all facing on a global scale, this is still a wonderfully vibrant and exciting time in Longmont.”

In the last five years, Longmont EDP has spearheaded projects that have helped to attract or expand more than 150 businesses to Longmont including Smucker’s, AveXis, Acertara, and Sticker Giant.

“With all the uncertainty today, we continue to see growth and expansion in Longmont,” she added. “Businesses are choosing to move here, and businesses are being creative in how they are responding to and adapting to the pandemic. Our city council, school district, and other civic organizations are coming together to help each other. People see and are encouraged by the opportunity they find here.”

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ABOUT Longmont EDP: A 501(c)6 non-profit organization founded in 1981, Longmont EDP is funded with both public and private dollars. More than 120 private sector businesses join the City of Longmont, Boulder County, and Platte River Power Authority as our economic partners. Longmont Economic Development Partnership leads a comprehensive approach to building an economic ecosystem that not only supports but champions businesses and their owners. From world-famous brewers to smart manufacturing plants, specialized business catalysts to world-class research facilities, our businesses in Longmont build an economy that champions growth, prosperity, and inclusion. Longmont’s newly launched economic development strategy, Advance Longmont 2.0, focuses on quality job creation and business investment. We activate a powerful civic infrastructure that identifies problems, creates innovative solutions, and implements these programs across partner organizations. For us, Advance Longmont means doing it together. Learn more at www.longmont.org.

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Longmont EDP, Cornerstone Home Lending launch “Longmont Start to Home”

Longmont, Colo.: Longmont Economic Development Partnership (EDP) and Cornerstone Home Lending today announced the launch of “Longmont Start to Home”, a unique talent relocation and retention program designed to help employees of Longmont-based employers enjoy a stress-free relocation and home buying experience from start to home.

The innovative new program is available to Longmont-based employers who are investors in Longmont EDP and prospective employers with whom Longmont EDP is working to attract or expand into the community. “Longmont Start to Home” offers comprehensive, best-in-class home buying services from leading industry professionals, simplifies the home purchase and mortgage process for Longmont-based employees or future employees, and significantly reduces relocation costs for both employer and employee. As of now, this program is nationally unique to Longmont and Longmont EDP.

Through Cornerstone Home Lending, “Longmont Start to Home” offers employees of Longmont-based employers a dedicated team focused on serving their home buying needs, whether they are relocating across the country or across town. Depending on the needs of the employee, and contributions by the employer, the program may also provide: reduced costs to employees with discounted home buying, lending, and moving fees; a $2,000 lender-paid credit from Cornerstone; reduced mortgage insurance premiums from Arch MI; exclusive access to HomeScout, a next-generation, immersive real estate search app featuring 100% MLS data; and full marketing support and resources for employers to promote the program internally.

Going forward Longmont EDP and Cornerstone also plan to partner with trusted local service providers to offer discounted services such as landscaping, home improvement, pet care, daycare, plumbing, and many more services for new home buyers taking advantage of the “Start to Home” program.

“With the ‘Longmont Start to Home’ program, we believe we have created a positively different, all-inclusive talent relocation and retention program for Longmont-based employers and their employees,” stated Lonnie Jenkins, Vice President/Regional Market Manager at Cornerstone Home Lending. “While we hope to expand the “Start to Home” program to other communities in the future, we couldn’t be more excited to launch this program in Longmont in partnership with Longmont EDP, supporting their efforts to attract and retain primary employers and the talent they need to thrive in our community.”

Longmont EDP President and CEO, Jessica Erickson, added “One of the focus areas of the Advance Longmont 2.0 economic development strategy is the attraction and retention of talent to meet the needs of Longmont’s primary industry base, and we know that access to home ownership opportunities is critical to our ability to succeed in these efforts.

The partnership with Cornerstone Home Lending and the “Longmont Start to Home” program provides a great opportunity for us to support Longmont-based employers in their efforts to attract and retain quality talent in Longmont. It’s really an additional employee benefit a Longmont-based employer can offer their employees at very little cost to the employer.”

Learn more about the Longmont Star to Home program at https://longmont.relocationportal.com/.

Longmont-based employers interested in learning how they can offer the “Longmont Start to Home” program benefits to their employees should contact Longmont EDP at [email protected] or 303-651-0128.
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About Longmont Economic Development Partnership: A 501(c)6 non-profit organization founded in 1981, Longmont EDP is funded with both public and private dollars. More than 120 private sector businesses join the City of Longmont, Boulder County, and Platte River Power Authority as our economic partners. Longmont Economic Development Partnership leads a comprehensive approach to building an economic ecosystem that not only supports, but champions businesses and their owners. From world-famous brewers to smart manufacturing plants, specialized business catalysts to world-class research facilities, our businesses in Longmont build an economy that champions growth, prosperity, and inclusion. Longmont’s newly launched economic development strategy, Advance Longmont 2.0, focuses on quality job creation and business investment. We activate a powerful civic infrastructure that identifies problems, creates innovative solutions, and implements these programs across partner organizations. For us, Advance Longmont means doing it together. Learn more at www.longmont.org.

About Cornerstone Home Lending, Inc.: Established in 1988, Cornerstone is a refreshingly unique national home lender with thousands of highly satisfied clients who return to Cornerstone year after year, loan after loan. Cornerstone’s Mission clearly states that their most important goal is to make a positive difference in the lives of others. Quite simply, Cornerstone is guided by a heart of service, operates with integrity, and treats their clients with the utmost respect. They listen to determine the right loan program that meets their clients’ goals and meets the agreed-upon closing date. Learn more at www.houseloan.com.
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Contact Name:       Jessica Erickson, President/CEO                   
Organization:         Longmont Economic Development Partnership
Phone Number:     303-651-0128
Email:                     [email protected]

Contact Name:      Lonnie Jenkins, Vice President/Regional Market Manager
Organization:        Cornerstone Home Lending, Inc.
Phone Number:     303-547-3442
Email:                     [email protected]
 

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Press Release

Advance Longmont Partners Launch Strongmont Fund

Longmont, CO – In response to the unprecedented COVID-19 crisis and its vast negative impact on local small businesses and the economy, the Advance Longmont Partner Organizations have formed the Strongmont Fund.  Comprised of funds from the City of Longmont, the Longmont Downtown Development Authority, the Longmont Economic Development Partnership, and donations from the broader community, the Strongmont Fund will provide grant funding to local small businesses as they navigate the re-opening process and adapt to the ‘new normal’.  The Longmont Community Foundation is managing the fund and overseeing the grant application process. 

The Strongmont Fund is a product of the COVID-19 Business Response Team (BRT), comprised of representatives from various Advance Longmont Partner Organizations – the City of Longmont, the Longmont Economic Development Partnership, the Longmont Downtown Development Authority, Visit Longmont, the Longmont Area Chamber of Commerce, the Latino Chamber of Commerce of Boulder County, the Boulder Small Business Development Center, Entrepreneurship for All, and Workforce Boulder County. 

Some of the BRT’s efforts to date have included creating a coordinated business resources hub, administering surveys to understand impacts on local businesses, providing information and support navigating business assistance programs, and collecting feedback to guide its approach to providing assistance for our local business community. The BRT has continued to closely monitor developments at the Federal and State levels, advocate for the needs of the business community, and evaluate what gaps exist in funding and support for Longmont businesses. The Strongmont Fund was created to begin to address some of the funding gaps for our local businesses.

MAKE A DIFFERENCE TO LOCAL BUSINESSES
Donate to the Strongmont Fund
The community can support local businesses in a few ways: first, donate to the Strongmont Fund via the Longmont Community Foundation. The BRT has successfully secured Enterprise Zone Contribution Project designation for the Strongmont Fund, which means that any donation of $100 or more will be eligible for an additional 25% state income tax credit.  Donations are currently being accepted at https://longmontfoundation.org/giving-solutions/strongmont-fund/

Strongmont Grant applications for businesses will open on May 18, and any business that meets the criteria is welcome to apply. Interested businesses must complete the Citywide Needs Assessment to help guide the BRT in providing future support and advocacy for the Longmont small business community. The BRT will follow-up with necessary information regarding this application to the businesses who complete the assessment.

Purchase Strongmont Gear
Local merchandise agency BBP created the Strongmont logo, and the local support has continued to grow. To further benefit our local business economy, BBP has launched an online store for Strongmont merchandise, and will donate $5 from every Strongmont hat and t-shirt purchased to the Strongmont Fund. Strongmont merchandise can be purchased at https://www.surfbbp.com/store

Resource links:


Contact Name:        Colin Argys, Marketing Specialist             
Organization:          Longmont Downtown Development Authority
Phone Number:      303-651-8750
Email:                      [email protected]

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Press Release

2020 Economic Development Impact Awards Presented at Economic Summit

Longmont, CO: At their Advance Longmont Economic Summit, Longmont Economic
Development Partnership awarded four Economic Development Impact Awards to
Longmont businesses and individuals in recognition of their contributions to the
economic health of the community over the past year. This year’s awards recognized
the individuals and organizations doing important economic development work in
the community, serving as catalysts for a thriving local economy through job creation
and capital investment.

The 2020 Economic Development Impact Award Winners are:

• Community Collaboration Award: 2019 Longmont Startup Week Core Team
The 2019 Longmont Startup Week Core Team completely revamped
Longmont Startup Week. They introduced new branding, brought in new
community partners, and restructured the content for the whole week. They
brought LSW attendance to an all-time high, over 1,500 people, and enhanced
bilingual access with Longmont offering the only bilingual startup week in the
entire nation. Members of the 2019 LSW Core Team included: Morgan Smith,
Longmont EDP; Corey Powers, Avocet Communications; Whitedove Gannon,
Female Entrepreneur Movement; Kelly Musick, EforAll; and Joe Long, Surge
Automated.

• Special Recognition Award: Wendell Picket, Frontier Companies
Wendell Pickett was first elected to the Board of Directors of what was then
the Longmont Area Economic Council in 2014 and would ultimately serve on
the Board for six years. In addition to serving as a Board member, Wendell
serves as a volunteer on Longmont EDP’s ELEVATE Longmont Committee, is
an active member of the Commercial Brokers of Longmont group and the
Advance Longmont 2.0 Place Working Group. Wendell’s leadership on the
ASPIRE Leadership Council has assisted Longmont EDP in policy positions
related to affordable and workforce housing. His background and knowledge
in both real estate and entrepreneurial development, specifically in the City of
Longmont, has been invaluable to the organization’s and the community’s
economic development efforts.

• Chair’s Choice Award: WestRac Contracting Corp.
WestRac Contracting Corp. entered the Longmont market in their search for
real estate for a client. One of their first stops was at the offices of Longmont
EDP where a wonderful partnership was born. The resulting development,
Front Range Campus, at Pike Road and Hover is now home to PODs,
DuroDyne, and the future expansion of Can Source, all projects resulting from
the joint efforts of WestRac and Longmont EDP. Recognizing the value that
Longmont EDP added to their investment in Longmont, and to the greater
community, WestRac made an offer Longmont EDP couldn’t refuse, investing
in the buildout of what today is the Advance Longmont Center at Front Range
Campus. Because of WestRac’s investment in the growth and future of
Longmont EDP and our community, Longmont EDP can now provide
resources, inspiration and spaces for Longmont’s business and civic leaders,
entrepreneurs, and innovators in 4,000 s.f., Class A office space with panoramic
mountain views. At the Advance Longmont Center, Longmont EDP not only
has a long-term home for itself, but also for Innovate Longmont, EforAll, and
the innovators and entrepreneurs they serve.

• Project of the Year: AveXis
On April 1, 2019, AveXis, a Novartis company, announced it had signed an
agreement to purchase the former AstraZeneca/Amgen advanced biologics
therapy manufacturing campus in Longmont and was immediately offering
positions to all approximately 150 employees previously employed at
AstraZeneca’s Boulder facility. They also began working with Longmont EDP
and the City of Longmont to pursue further expansion and the addition of
hundreds of additional new jobs in the near term. Now less than a year later
AveXis has opened its Longmont Zolgensma plant ready to produce SMA gene
therapy with more than 350 employees, and an expectation to have 400
working there by year’s end.###
About Longmont Economic Development Partnership: A 501(c)6 non-profit
organization founded in 1981, Longmont EDP is funded with both public and private
dollars. More than 120 private sector businesses join the City of Longmont, Boulder
County, and Platte River Power Authority as our economic partners. Longmont
Economic Development Partnership leads a comprehensive approach to building an
economic ecosystem that not only supports, but champions, businesses and their
owners. From world-famous brewers to smart manufacturing plants, specialized
business catalysts to world-class research facilities, our businesses in Longmont build
an economy that champions growth, prosperity, and inclusion. Our newly launched
economic development strategy, Advance Longmont 2.0, focuses on quality job
creation and business investment. We activate a powerful civic infrastructure that
identifies problems, creates innovative solutions, and implements these programs
across partner organizations. For us, Advance Longmont means doing it together.
###

Categories
Press Release

Longmont EDP Spins Out Innovate Longmont Startup Platform

Longmont, Colo.: Innovate Longmont, a Longmont-based startup platform, was originally established by the Longmont Community Foundation and a group of community-minded individuals who believed that investing in local entrepreneurs adds to the economic vitality of Longmont. Supported since 2018 as a program of Longmont Economic Development Partnership (EDP), Innovate Longmont has grown to the point where it has now spun out of Longmont EDP as its own entrepreneurial development organization.

Innovate Longmont is structured as a 501(c)(3) nonprofit corporation in Colorado. Sergio R. Angeles, who previously worked at Longmont EDP as director of innovation and entrepreneurship, now serves as president and CEO of Innovate Longmont.

“I’m incredibly honored to be given the opportunity to run Innovate Longmont and help accelerate its impact to local entrepreneurs and Longmont’s startup ecosystem,” said Sergio Angeles.

Innovate Longmont invests in local entrepreneurs by running accelerators and funding startups and has future plans to build innovative products in its in-house studio at The Advance Longmont Center, and to launch a venture capital fund aimed at investing in innovative startups in Longmont.

The Innovate Accelerator is a personalized accelerator program for early stage innovative startups that helps transform vision and passion into successful, scalable ventures. There are currently six startups enrolled in the Innovate Accelerator program, with a goal to accept 10 startups into the program throughout the year.

Innovate Campus, a partnership with Front Range Community College, is an intensive summer accelerator program that assists students in building, launching, and growing their startup business. The first Innovate Campus cohort of four student entrepreneurs graduated in July 2019, and plans are in the works for a second program in summer 2020.

Longmont community members interested in supporting Innovate Longmont can sign up to become volunteer mentors and instructors, and funding partners. Innovate Longmont is a State of Colorado Enterprise Zone Contribution Project. Learn more at https://innovatelongmont.org.
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About Innovate Longmont: Innovate Longmont is a startup platform for entrepreneurs with innovative and transformative ideas. At Innovate Longmont, we invest in our local entrepreneurs by running accelerators, funding startups, and building innovative products in our in-house studio. Innovate Longmont is a 501(c)(3) nonprofit corporation.

About Longmont Economic Development Partnership: A 501(c)6 non-profit organization founded in 1981, Longmont EDP is funded with both public and private dollars. More than 120 private sector businesses join the City of Longmont, Boulder County, and Platte River Power Authority as Longmont EDPs funding partners. Longmont Economic Development Partnership leads a comprehensive approach to building an economic ecosystem that not only supports, but champions, businesses and their owners. From world-famous brewers to smart manufacturing plants, specialized business catalysts to world-class research facilities, businesses in Longmont build an economy that champions growth, prosperity, and inclusion. Longmont’s newly launched economic development strategy, Advance Longmont 2.0, focuses on quality job creation and business investment. Longmont EDP activates a powerful civic infrastructure that identifies problems, creates innovative solutions, and implements these programs across partner organizations. For Longmont EDP, Advance Longmont means doing it together.

Contact Name:       Jessica Erickson, President/CEO                   
Organization:         Longmont Economic Development Partnership
Phone Number:     303-651-0128
Email:                    [email protected]

Contact Name:       Sergio Angeles, President/CEO
Organization:         Innovate Longmont
Phone Number:     303-847-2315
Email:                     [email protected]

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Press Release

Longmont EDP and Rockies Venture Club Announce Partnership to Launch St. Vrain Angel Forum

Longmont, Colo.: Rockies Venture Club, the longest-running and largest angel investing group in Colorado, and Longmont Economic Development Partnership (EDP) announced a new partnership to open up a chapter of the statewide angel network for the St. Vrain region.

Under the agreement, Longmont EDP will work in close partnership with Rockies Venture Club to support a pipeline of entrepreneurs for investment opportunities, and serve as the host of St. Vrain forum meetings at the newly opened Advance Longmont Center. In addition, Rockies Venture Club will recruit local and regional investors to serve as members of the St. Vrain chapter and syndicate deal flow from throughout their statewide network. This structure provides remarkable leverage for the Longmont economy. By engaging local private capital to invest in local companies, aided by state and federal tax benefits, the region can accelerate its job growth without spending significant local taxpayer dollars.

Angel investing is a crucial component of a growing entrepreneurial ecosystem. It provides financial capital for growing startups at important growth stages and a healthy angel investment network can catalyze the success of startups across all industries.

“As we developed the city’s new economic development strategy, Advance Longmont 2.0, we recognized the crucial lack of formal funding for seed-stage and early-stage companies that are starting and growing in Longmont,” said Morgan Smith, Vice President of Longmont Economic Development Partnership. “A new angel forum in partnership with Rockies Venture Club anchors our entrepreneurial ecosystem with an important source of financial capital. With their expertise and track record, Rockies Venture Club is the right partner to address this crucial issue.”

Rockies Venture Club was recently awarded $470,000 by the Colorado Office of Economic Development and International Trade (OEDIT) to create new angel investing communities throughout the state, using well-established principles and practices of angel group formation and management to educate and mobilize new angel investors.

“We have millions of dollars of investment resources from local investors who are looking for high quality above market rate returns with an experienced community that has historical tax free portfolio growth in excess of 30% per year,” said Peter Adams, Executive Director of the Rockies Venture Club. “It takes significant effort to mobilize that capital and we’re excited about the partnership with Longmont EDP to help the community achieve our goals for regional economic growth. Longmont and the greater St. Vrain area is one of the fastest-growing areas in the State and has a lot of the building blocks to be a great startup and investment community. We look forward to playing a role in helping connect and educate angel investors in the area as well as funding great startup companies in the region.”

The first St. Vrain angel forum will be held on January 28, 2020 at 3:00pm at the Advance Longmont Center, 1925 Pike Road, Suite 202 in Longmont, CO. Interested Longmont-area entrepreneurs and investors can contact Paul Foley, Colorado Capital Mobilization Director, at [email protected]

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About The Longmont Economic Development Partnership: The Longmont Economic Development Partnership is a public/private 501c(6) non-profit economic development organization serving the greater Longmont area. As Longmont’s primary agent for economic development, the Partnership leads a comprehensive and collaborative economic development strategy to promote and strengthen the Longmont community’s economic health. The Longmont Economic Development Partnership offers a variety of services and resources to support the relocation, retention, and expansion of business in Longmont and serves as the gateway to Longmont for all businesses.

About Rockies Venture Club: Rockies Venture Club, a 501(c)6 non-profit organization, is the longest-running and one of the most active angel investment groups in the U.S., operating actively since 1985. With more than 215 investor members, RVC is a leading syndicate, investing in 20-25 companies annually. Learn more at rockiesventureclub.org.

Contact Name:       Morgan Smith, Vice President                     
Organization:         Longmont Economic Development Partnership
Phone Number:     303-651-0128
Email:      [email protected]

Contact Name:       Paul Foley, Colorado Capital Mobilization Director
Organization:         Rockies Venture Club
Phone Number:     303-817-8056
Email:     [email protected]