The right location – it’s a critical component to your division or company’s ability to succeed. So where does your company belong? It belongs in a place where innovation thrives; where you can find the talent you need, costs you can afford, a business environment that will foster your company’s growth, and a lifestyle your employees desire. It belongs in a place where Ideas Become Products. Few places in the US meet all of these criteria… Longmont, Colorado is one of them.
Longmont is a community of 90,000 on the northern edge of metro Denver. Boulder County, as the nation’s most educated, 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 IBM, Google, Microsoft, Oracle, Intel, Seagate, Xilinx, Lockheed Martin, Ball Aerospace, Sierra Nevada, and others populate the regional landscape. In Longmont alone, more than 200 global companies have a presence here and employ more than 11,000. In addition, a network of companies providing services, products and amenities exist to support these industries – all in a community that provides unparalleled quality of life.
Access to a sufficient labor pool, national and international markets, strategic partners, educational resources and regional amenities are all components of the right location. Longmont’s proximity to the Interstate Highway network, an international airport, same business day access and single bounce satellite communications with both Europe and Asia, extensive broadband capacity, and rail service to US markets, help define it as a premier location.
Your company has to move at the speed of business. Time does mean money and in Longmont, we are sensitive to the needs of your company. That is why we have mechanisms in place to help you move through the development or relocation process to encourage your move to Longmont. In most cases we can match your timeline by expediting the regulatory approval process, coordinating with various city and state departments to make sure you have the necessary information to finalize your plans. The City has also established a rapid response team with participation from multiple departments to mobilize the necessary resources to meet your company’s timeline.
In the end, your company is about your people. Having an unsurpassed quality of life makes it easier to recruit and retain the talent you need. Longmont offers that quality of life in a variety of ways: education, healthcare, climate, recreation, arts, community involvement, visual beauty… you name it. In addition to the attributes available in Longmont, its central location makes it an easy jaunt to the mountains, downtown Denver, sporting events, and more. The quality of life in Longmont and the surrounding area is why the people who come here tend to stay. That is why Boulder County has one of the strongest entrepreneurial climates in the US.
Longmont has built NextLightTM , a citywide community-owned 100% fiber-optic broadband network that offers Fiber-to-the-Premises for both commercial and residential customers within the city limits. With NextLight’s unmatched combination of speed and affordability, Colorado’s first “Gigabity City” is positioned to be a leader in digital communications and a global information hub.
In 2018, NextLight was ranked by PCMag as the fastest internet in the nation –– beating Google Fiber and many other residential and commercial providers across the nation.
In Longmont, it only takes 32 seconds to back up a 4GB hard drive (compared to about 53 minutes on a traditional 10Mbps connection). NextLight is a unique and important asset for your company and our community.
Business success is a function of costs and Longmont provides a very competitive cost environment. From electric rates that are among the lowest in Colorado and the nation, attractively priced real estate for leasing space or building facilities, to the most affordable housing in Boulder County, operational savings in Longmont help add to the bottom line. The cost of doing business in Longmont is even more remarkable given the level of talent, the quality of life, the condition of infrastructure, the business environment, and the low cost of taxes.
Longmont has maintained its competitive edge by offering the most affordable housing in Boulder County: it edges out year-over-year other communities in the County for having lower rent costs and lower housing costs. The median price of a home in Longmont is roughly 1/2 of the cost of the median home in Boulder city. This offers an affordable environment for individuals and families working in a variety of different industries.
Longmont Power & Communications (LPC) is a community-owned, non-profit electric distribution and internet utility that operates under the direction of Longmont City Council. LPC’s electric rates are among the lowest in Colorado and the nation, at 29% below the state average. The typical blended rate is ~8.4 cents per kwh for commercial and 6.5 cents per kwh for industrial applications. Its reliability is in the top quartile when compared to regional utilities and utilities of similar size.
The business environment in Colorado is friendly to newcomers and entrepreneurs alike. Corporate income tax in Colorado is 4.63% of Colorado taxable income. Colorado has also abolished the worldwide unitary method of allocating corporate income for taxing purposes. Inventories are exempt from property taxation. The total local mill levy burden in 2019 was 93.696 mills. Sales and use tax is 8.515% in Longmont.
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.
Longmont EDP offers core services to our industry partners that attract, retain, and engage primary industry. We supply transformative resources to our local economy for our public partners and private investors. We share the story of Longmont to the world, inviting young entrepreneurs, families, and companies to thrive in our community. 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.
Our comprehensive property search tool is updated in partnership with our Commercial Brokers of Longmont. Find available property for your business.
Our powerful data insight services and our publicly available data dashboard offer a data rich look at Longmont’s economy and community.
Our target industries represent our competitive strengths. Learn more about our industry cluster strategy and current local industry leaders.
“Longmont has been my home off and on since I moved to Colorado more than 12 years ago. I fell in love with the community and in 2015 decided to make it my permanent home. Because of the strong ties with the community, there was no question when I founded Rigid Bits in 2017 that it is where we would set our roots down. As an added bonus, NextLight is the fastest internet service provider in the country, which is a great fit for us.
Rigid Bits provides cybersecurity services to businesses nationwide, providing valuable insight to prevent attacks and respond immediately to cybersecurity events. Since 2017, we have supported 70 businesses across 17 states and a variety of industries. We have experienced 300% year-over-year growth with no signs of slowing down. Our plans are to continue to expand Rigid Bits’ services to support businesses in all industries with their cybersecurity needs, changing the way we work as the industry and threats change. As our growth continues, we will bring on new employees and just last month moved into larger office space in Longmont in preparation for our future”.
– Jeff Oden, Founder