Monday, March 30, 2009

Five Colorado cities rank high on Forbes’ "Best Places for Business"

Five Colorado cities made the top 40 of Forbes magazine’s latest list of the best places for business and careers: Fort Collins (#2), Colorado Springs (#10), Denver (#14), Boulder (#20) and Greeley (#37).

Forbes evaluated the 200 largest U.S. metro areas. Among the criteria were cost of doing business, cost of living, job-growth trends, cultural attributes, and projected job growth.
Source: Denver Biz Journal
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Friday, March 27, 2009

Wondering where the jobs in Denver are?


There are healthy companies in Colorado, who are hiring, such as health care, aerospace, renewable energy and financial services companies.

Sunny Ackerman, the Denver-based general manager of a 15-state region for staffing company Manpower Inc., said Colorado’s job market is strong compared with other states she oversees.

Source: Denver Biz Journal
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Thursday, March 26, 2009

Long-term mortgage rates hit record low

The national average 30-year fixed-rate mortgage dropped to 4.85% - the lowest it has been since 1971. Last year at this time, the national average was 5.85%.

In Colorado, the average rate for a 30-year fixed mortgage was today 5.03% - almost 2 percentage points difference compared to last year - which amounts to a savings of about $225 in monthly mortgage payments for a $200,000 loan.

Source: Denver Business Journal
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http://denver.bizjournals.com/denver/stories/2009/03/23/daily63.html

Xcel Energy launches home energy-efficiency programs

Xcel Energy Inc. will be launching two new programs aimed at upgrading the energy efficiency of its customers’ homes: “Energy Star New Homes” and “Home Program with Energy Star.” They’re part of Xcel’s big energy-efficiency push and are expected to save consumers about $450 million in 2009-2010.

Xcel is Colorado’s largest power and natural gas utility, serving about 1.6 million customers.
Source: Denver Business Journal
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February new-home sales up 6.6% in West, 4.7% nationwide

Sales of new homes in western states, including Colorado, rose 6.6 percent in February from the previous month, better than the national sales increase of 4.7 percent, the U.S. Census Bureau reported Wednesday.
Source: Denver Business Journal
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http://denver.bizjournals.com/denver/stories/2009/03/23/daily39.html

Vestas breaks ground on Colorado wind-turbine plants

Vestas Wind Systems broke ground in Brighton for two new manufacturing plants that will eventually employ 1,350 people. The crown prince and princess of Denmark and Colorado Gov. Bill Ritter attended the ceremony.
The wind turbine blade factory and the nacelle assembly plant are valued at $290 million. The plants are expected to be fully operational in 2010. The blade factory will employ about 650 people and the nacelle plant will have about 700 employees, Vestas said.

Check out the video:

Source: Denver Business Journal
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http://denver.bizjournals.com/denver/stories/2009/03/23/daily35.html

Tuesday, March 24, 2009

Rankings highlight Metro Denver's economic viability

President Obama signed the $787 billion economic stimulus bill in Denver last February. The new law will make significant investments to create jobs in renewable energy research and development. Officials say President Obama chose to sign the package in Colorado because the state is at the forefront of the nation's push toward renewable energy.

Two recent rankings show that our region's housing and retail markets are outperforming many other metro areas. A recent report by Forbes magazine ranked Metro Denver the nation's sixth-best housing market. Metro Denver foreclosure trends are also improving.

Source: Metro Denver Economic Development Corporation
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http://www.metrodenver.org/metro-denver-economy/monthly-summary/2009


Rocky Mountain investors venture-capital upbeat on regional prospects

The Rocky Mountain venture-capital investment community is bullish on the investment outlook in our region, according to a survey of 90 venture-capital firms, released by KPMG and the Rocky Mountain Venture Capital Association.

In a recent poll, 71% of respondents said they expected 2009 venture-capital investment activity in the region to equal or surpass 2008 levels. "Clean tech" is expected to receive the most venture capital in the Rockies.

Source: Denver Business Journal

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http://denver.bizjournals.com/denver/stories/2009/03/23/daily20.html

Home prices up in Rocky Mountains for 1st time since June'08

Home purchase prices in Colorado and neighboring mountain states rose in January compared to the previous month, the first month-to-month price increase in the region in seven months, the Federal Housing Finance Agency reported.

Source: Denver Business Journal
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http://denver.bizjournals.com/denver/stories/2009/03/23/daily23.html

Ascent Solar to add up to 200 jobs at new North Denver headquarters

Solar panel manufacturer Ascent Solar Technologies Inc. opened its new headquarters in north of Denver, where it plans to add up to 200 jobs during the next two years.

“Thanks to companies such as Ascent Solar, all across Colorado, we’re creating a sustainable energy future, sustainable opportunities for new businesses, and sustainable jobs,” Gov. Ritter said in a statement. “The New Energy Economy is leading Colorado forward and will be one of the keys to bringing us out of this recession. Colorado and Ascent Solar’s success are a model for how America can and must re-tool our entire economy.”


Source: Denver Business Journal
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http://denver.bizjournals.com/denver/stories/2009/03/23/daily26.html

ConocoPhillips chooses architect

ConocoPhillips has chosen St. Louis-based HOK as the lead architect for its new renewable energy and global training center campus in Louisville. HOK, a global architectural design and services firm, also designed Sun Microsystems' 560,000-square foot campus in Broomfield in the early 2000s.

ConocoPhillips purchased the 432-acre in early 2008 for $58.5 million. It is deconstructing the existing buildings with plans to start construction on new buildings and open the campus in 2013.


Source: Boulder County Business Report
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http://bcbr.com/article.asp?id=99275

Thursday, March 19, 2009

Denver ranks 3rd on Hotwire.com 'Value Destinations'

Hotwire.com, has ranked Denver in third place on its 2009 list of the best value travel destinations nationwide. Denver scored 95 points out of 100 in the Hotwire ranking.

"Skiers and outdoor enthusiasts flock to Denver year after year, giving this city the deserved No. 3 spot on this year's list," Hotwire said on its website. "The Mile High City offers great discounts ... on accommodations and a wide variety of outdoor and free activities."

Source: Denver Business Journal
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http://denver.bizjournals.com/denver/stories/2009/03/09/daily1.html

Major industry clusters position Colorado for economic growth

The Metro Denver Economic Development Corporation (Metro Denver EDC) released its Industry Cluster Study, a competitive analysis of industries leading the region's future economic growth. They are: Aerospace, Aviation, Bioscience, Broadcasting & Telecom, Energy, Financial Services, and Information Technology.
Video: http://www.metrodenver.org/media-videos/colorado-space-coalition.html

Source: Metro Denver Economic Development Corporation
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http://www.metrodenver.org/metro-denver-news/industry-clusters-growth.html

Renewable energy sector growing

Annual revenue for the renewable energy sector including solar, wind and stationary fuel cells will grow to $60.6 billion by 2013, according to a report from Boulder-based Pike Research, a clean-tech market research and consulting firm.

Source: Boulder County Business Report
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http://bcbr.com/article.asp?id=99202

Danish Royal Couple to attend Vestas groundbreaking

The crown prince and princess of Denmark will attend a private groundbreaking ceremony in Brighton on March 25, for two new Vestas Wind Systems manufacturing plants.

Crown Prince Frederik André Henrik Christian, and his wife, the Crown Princess Mary Elizabeth, will be in the US until the end of March. The trip will focus on the close cultural and historical ties between Denmark and the United States as well as on renewable energy and energy efficiency, according to Vestas, the Denmark-based wind turbine company.

Source: Denver Business Journal
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http://denver.bizjournals.com/denver/stories/2009/03/16/daily63.html

Monday, March 16, 2009

City launches ‘Greener Denver’ program to promote business energy efficiency

Denver Mayor John Hickenlooper and the Office of Economic Development will present details of a new initiative "Greener Denver" to help local businesses improve their energy efficiency. It also will offer training resources to help Denver businesses develop a “green” workforce and capitalize on renewable-energy development.

Denver is one of eight cities taking part in the “Climate Prosperity Project,” a program launched by the Rockefeller Brothers Fund and coordinated by Global Urban Development.


Source: Denver Business Journal
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http://denver.bizjournals.com/denver/stories/2009/03/16/daily9.html

Saturday, March 14, 2009

Colorado rocket contractor lands $600M contract

The United Launch Alliance won a contract worth about $600 million to launch four NASA science and satellite communication missions into orbit starting in 2011.

Centennial-based ULA, the primary rocket contractor for government space missions, will send the satellites on its Atlas V rocket from Cape Canaveral Air Force Station, in Florida.

Source: Denver Business Journal

Friday, March 13, 2009

$32 million refurbishing of former Cherry Creek Hotel

Construction began this week on the $32 million refurbishing of the former Cherry Creek Hotel. The builder plans to gut the eight-story, 210-room building on the SE corner of Cherry Creek Drive South and Colorado Blvd., update it and re-brand it as Hilton Garden Inn. The project is expected to be completed by the end of the year.

In addition they will be constructing 11,000 square feet of retail space, including Panera Bread and Garbanzo Mediterranean Grill. The project is expected to create about 150 full-time jobs between the hotel and retail space, as well as numerous jobs during construction.

Source: Denver Business Journal
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http://denver.bizjournals.com/denver/stories/2009/03/09/daily85.html

Monday, March 9, 2009

Colorado’s bioscience industry receives an economic boost

Colorado’s bioscience industry received a total of $13,825,000 in federal funding for a new interchange serving the Anschutz Medical Campus and Fitzsimons Life Science District located at I-225 and Colfax Avenue, in Aurora.

The Anschutz / Fitzsimons project contributed $3.5 billion dollars to Colorado’s economy in 2008. It currently employs 15,900 people, and is the home of the UC Denver health sciences operations, the UC Hospital, the Children’s Hospital, the new VA Hospital, and several other centers for health care, biomedical research and workforce development. 22,797 people visit the site daily, including patients, students, faculty, volunteers and visitors.

At completion, the project will be a $5.2 billion investment, consisting of approximately 18.5 million square feet and employing 44,569 people.

Fitzsimons Campus Video:
http://www.metrodenver.org/media-videos/fitzsimons-video.html
Colorado Bioscience Video:
http://www.metrodenver.org/media-videos/colorado-bioscience.html

Source: Aurora Economic Development Council
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http://www.auroraedc.com/NewsAndEvents_PressReleases_I-225_Funding.aspx


Friday, March 6, 2009

ConocoPhillips buys more land in Louisville

ConocoPhillips Co. has purchased an additional 9.14 acres of land just north of its intended new campus in Louisville for $1,055,500. Louisville city officials said ConocoPhillips had been negotiating with landowners in the area to acquire property for future transportation improvements and improved access to its campus.

ConocoPhillips purchased its 432-acre campus in Louisville from Sun Microsystems in early 2008 for $58.6 million. The company plans to open its first buildings in 2013.

Source: Boulder County Business Report

Sunday, March 1, 2009

2009 Homebuyer Tax Credit

The homebuyer tax credit was signed into law by President Obama on Feb. 17, 2009. It provides an $8,000 credit for the purchase of a principal residence between January 1, 2009 and December 1, 2009. First-time home buyers or buyers who have not owned a home for at least three years will be able to benefit from this credit.

The credit does not require repayment and can be claimed on the tax returns. If any credit amount remains unused, then the amount will be refunded as a check to the purchaser.

If you have been thinking of selling your home, now may be a good time to do so because additional buyers will be in the market!

Video: Click here

Read more ...
http://www.federalhousingtaxcredit.com/