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This presentation was given by Mike Masciola at our February 2010 membership meeting.

This presentation was given by Mike Masciola at our February 2010 membership meeting.

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  • This is why we are here today….
  • This is why we are here today….
  • Wal-Mart – No hiring for holiday season Enterprise Example ES example
  • 31 Companies seeking to expand in the next 18-24 months

NCEDC Presentation NCEDC Presentation Presentation Transcript

  • Fort Collins Board of Realtors
    • February 11, 2010
    • Michael Masciola
    • COO & Senior Vice President
  • The NCEDC
    • Non-Profit 501 C (6)
    • Serving Entire Larimer County (9 Jurisdictions)
    • Primary Employer Focus
      • Business Attraction
      • Business Retention & Expansion (BR&E)
      • Local ED Initiatives
      • No Secondary or Retail Work
    • Client Services are Free & Confidential
      • Supported by NCEDC Investors and Strategic Partners
  • 50% of the Goods and Services from Primary Employers are sold outside our region. $$$$ Resulting in new dollars coming into our region. Primary Employers Primary Employers
  • NCEDC Represents Larimer County In Attracting & Retaining Primary Jobs UTILITIES Utilities Natural Gas Water Electricity Waste Water Other Regional Utilities CHAMBERS OF COMMERCE LOCAL INDUSTRY Peers Suppliers Vendors OTHER ORGANIZATIONS Real Estate Brokers, Developers, Arts & Culture Organizations GOVERNMENTS City of Fort Collins City of Loveland Town of Timnath State of Colorado County Economic Development EDUCATION CSU Front Range Community College Other Local Colleges Public Schools TELECOMMUNICATIONS Long distance carriers No. Colorado EDC: Initial Community Contact New Business Prospect or Expanding Firm The Northern Colorado Economic Development Corporation coordinates members of our economic development team. Confidential Communication
  • NCEDC Primary Employer Services
    • Community Tours/Briefings
    • P2P Company Interviews
    • Incentive Negotiation (Federal, State & Local)
    • Direct Competition Data
    • Financing Options
    • Workforce Recruitment and Training
    • Competitive City Analysis
    • Quality of Life Information
    • Assistance with Company Announcement’s
    • Assistance with Employee Relocation
    • Confidential Location Assistance
    • Strategic Partner Support Coordination
    • Real Estate Search
    • Business Operations Costs – Specific to Site
    • Workforce Analysis
    • Regional Economic Trends
    • Access to K-12 and Higher Education
    • Vendor/Supply Chain Support
    • Transportation Information
    • Liaison for Government Approvals
  • Business Attraction Real World Example Enterprise Claim Center, Fort Collins 140 Jobs, 25,000 Square Feet
  • NCEDC Assistance to Enterprise Rent–A-Car
    • Workforce Assistance
    • Wage comparisons
    • Workforce mobility stats
    • LCWC database profile
    • SOS Staffing database profile
    • Open house logistics
    • Interview space logistics
    • Applicant screening
    • Job fair coordination
    • Employee transferees
    • CC & training coordination
    • P2P Company Interviews
    • Kroll Factual Data
    • Center Partners
    • Wal-Mart
    • Incentives
    • EIA & FIA
    • Colorado First
    • Job PIF
    • Enterprise Zone
    • Use Tax Savings
    • PPT Abatement
    • Real Estate
    • NCEDC site solicitation
    • Existing space options – 10
    • No CO Business Parks mapping
    • Housing costs and options
    • Housing agents referral
    • Business Climate
    • Comparative tax structures
    • Comparative cost of living
    • Comparative crime stats
    • Harmony Road development history
    • Community Education
    • Demographics & economic indicators
    • 3 community tours
    • Competition
    • Listing of existing back office centers (wages # of employees)
    • NCEDC pipeline profile
    • Transportation
    • Harmony Corridor Plan
    • Transfort, Foxtrot & Colt routes & schedule
    • Post Care
    • Announcement Press Release
    • Announcement Press Conference
    • Ongoing PR
    • Employee transferees
    • LCWC coordination
    • Lodging
    • Community integration
    • BR&E hand over
    • Timeline
    • 7-2007 – 1 st NCEDC contact – Considering 17 markets
    • 2-2009 - Announcement in FC
    • 21 Month Process
  • The Local Job Market Today
  • Population Growth Continues Source: Dr. John Green, UNC
  • Employment Growth, however, has been Declining since 2000 Source: Dr. John Green, UNC
  • Unemployment has been Increasing since 2000 Source: Dr. John Green, UNC
  • Larimer County Net Job Losses Source: BLS, Dr. Martin Shields, Colorado State University
    • Larimer County Lost Jobs (Dec 08 to Dec 09) 4,000
    • Primary Jobs 2,000
    • Average Salary $55,000
    • Total Primary Income Loss $110,000,000
    • Secondary Jobs 2,000
    • Average Salary $36,300
    • Total Secondary Income Loss $72,600,000
    • Total Annual Income Loss To Economy $182,600,000
    • 2 ½ Year Income Loss $457 Million
    Larimer County Income Loss
  • But There is Good News……
  • 2004-2010 YTD NCEDC ANNOUNCEMENTS
  • 2004-2010 YTD JOB ANNOUNCEMENTS
  • Damage Recovery Unit NCEDC 2009 Announcements
  • 2009 Total NCEDC Announcements
    • 6 Company/Division Announcements
    • 504 New Primary Jobs, 347 Secondary
    • Average Salary $61,434, 55% above Larimer County Average Wage
    • $31 Million in Annual Payroll
    • 168,000 Square Feet Occupied
    • $27.8 Million in Private Investment
    Source: Colorado Department of Labor 1 st Qtr. 2009, NCEDC
  • 2003-2010 National Relocations Office & Industrial Projects > 20,000 sq. ft & >25 employees Source: Angelous Economics, 2010 53% Decrease
  • 2003-2010 NEW ATTRACTION LEADS Source: Angelous Economics, 2010 & NCEDC 53% Decrease 3%Decrease
  • Why??
    • Market of Over 500,0000 People
    • Movement From Expensive Urbanized Markets to Secondary Markets
      • Land
      • Labor
      • Operating Costs
    • Desire to Be Preferred Employer
    • The “Vestas” Factor
    • Increased Marketing
      • Relationship Sales – Repeat Business
      • Partnerships with Metro Denver EDC and State Office of ED
    • Employee Transferee Issues
  • What Type of Demand Are We Seeing? Business Attraction
  • Prospects By Industry Business Attraction
  • 2007-09 NCEDC BUSINESS RETENTION & EXPANSION ACTIVITY
  • What Type of Demand Are We Seeing? Business Retention & Expansion
  • Prospects By Industry Business Retention & Expansion
  • Thank You For Your Support and Partnership!!!