Developer Bets on New Interlocken Tower

A Boston-area commercial real estate investment company is breaking ground on an 11-story, 285,000-square-foot building in the Interlocken Business Park in Broomfield. It is the only "spec" building that Franklin is developing anywhere in the country.

The value of the building is estimated in $75 million, for what will be the greenest multi-tenant office building at Interlocken. It has been pre-certified as a gold LEED (Leadership in Energy and Environmental Design) building and is about a two-minute drive from the ConocoPhillips renewable research campus planned across U.S. 36.

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Source: Rocky Mountain News
Link: http://www.rockymountainnews.com/news/2008/dec/23/developer-bets-on-new-interlocken-tower/

Governor Ritter Unveils Economic Plan for Colorado

Colorado Governor Bill Ritter spelled out his economic agenda for 2009 at a press conference at the Capitol. The governor’s proposals include:

• A job growth incentive program that would give eligible companies a tax credit up to 50% of its annual FICA taxes on new employees.
• Reviving the state’s “credit reserve” program. The program, which helps small businesses obtain loans from private banking institutions, could leverage more than $50 million in new loans.
• Increasing the funding of the new energy jobs program by $1 million a year.
• Increasing economic development incentives available to the clean energy fund by $1.4 million.

Ritter said that Colorado is “much better off than many other states.”

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Source: Denver Business Journal
Link: http://denver.bizjournals.com/denver/stories/2008/12/15/daily60.html