Forbes: New Belgium a Top 25 Small Company
Forbes magazine recently released their list of The Best Small Companies In America, 2016 and New Belgium ranked in the Top 25. New Belgium is led by Chairperson and Cofounder Kim Jordan. The estimated revenue for the company is $225 million and there are approximately 685 employees. In Forbes’ article, New Belgium is noted for being an employee-owned company and for earning high marks for sustainability. You can read the complete Forbes article at: http://www.forbes.com/sites/boburlingham/2016/01/27/the-best-small-companies-in-america-2016/#66803b757412
2015 Regional Snapshot
Information and Real Estate Services (IRES), our Northern Colorado MLS, released final numbers for the “Regional Snapshot 2015” and it was good news for Northern Colorado. In Greeley, the number of Listings Sold was up 5.8% while the Median Sales Price was up 12.8%, reaching $220,000. The Average Days on Market (ADOM) decreased by 5.6%, lowering to 67 days. Loveland experienced similar trends, with the number of Listings Sold up by 7.6% and the Median Sales Price up by 18.5%, reaching $312,525. Homes also sold more quickly in Loveland, with the ADOM down 15.6% to reach 76 days. In nearby Fort Collins, the number of Listings Sold decreased by 4.7% while the Median Sales Price increased by 15.7% to reach $325,000. The ADOM for Fort Collins dropped 3.7% to hit 79 days.
Transfort directly connects Loveland-Fort Collins to Boulder
Transfort, the city of Fort Collins’ public-transit agency, recently added direct route service to and from Boulder. The agency extended the weekday FLEX Regional Service to offer five trips a day (two in the morning and three in the afternoon) between the communities. Each trip will be slightly over one hour and thirty minutes. Click here to learn more about the FLEX Regional Service: http://www.ridetransfort.com/flex
NoCo Communities ‘Top Performing’
The Milken Institute recently released their 2015 Best Performing Cities list of where America’s jobs are created and sustained. Several Northern Colorado communities made the Top 25: Greeley #9, Fort Collins #14, Denver-Aurora-Lakewood #16 and Boulder #22. The tech sector and oil industry were two key drivers of regional success. You can read the complete Milken Institute report at: http://www.best-cities.org/2015/best-performing-cities-report-2015.pdf
2016 Colorado Business Economic Outlook
The Colorado Business Economic Outlook for 2016 report, released in early December by CU Leeds School of Business, contains a promising outlook for the economy in the year ahead. The state as a whole is expected to gain 65,100 jobs, an increase of 2.6%. These numbers are strong despite a projected loss of jobs in the natural resources and mining industry, which includes oil and gas. Diversification of growth in other key industries like manufacturing and technology has proven to protect state and local economies. Click here for a complete copy of the 2016 report: http://www.colorado.edu/business/sites/default/files/attached-files/colo_business_econ_outlook_2016.pdf.
Downtown Greeley and Downtown Loveland are areas to watch in the coming year. In Greeley, plans are in the works for a hotel and conference center, there are a number of private developers formulating proposals for commercial and housing projects, and the city plans to construct a city hall complex. Approximately 20 minutes to the west, the Loveland Urban Renewal Authority is providing $37,500 to help improve the building facades of two downtown businesses on Fifth Street. For both communities the activity and investment reflects a commitment to continued growth and improvement.
WalletHub: NoCo cities on ‘best’ list
WalletHub, a website providing tools and financial information for consumers and small businesses, recently released their list of America’s 50 Best Cities to Live. Out of 550 U.S. cities with populations over 65,000, Longmont came in at #16 and Fort Collins-Loveland at #30. WalletHub based their rankings on a variety of measures including housing affordability, educational attainment, employment growth, crime rate and access to restaurants and attractions. Click here to read the complete report: http://247wallst.com/special-report/2015/11/05/americas-50-best-cities-to-live-2-2/.
Major tourism grant awarded
The Go NoCo Team, made up of Larimer County, Loveland, Windsor and Estes Park representatives, was recently awarded a Regional Tourism Act grant to fund four major regional attraction totaling $332 million. The projects include a film center in Estes Park, hotel resort in Windsor, a water park resort in Loveland and a whitewater adventure park in Loveland. Click here to learn more about Go NoCo visit their website at: http://gonoco.org/.
3rd Quarter Market Watch
Information and Real Estate Services (IRES), the Northern Colorado MLS, released the Q3-2015 Market Watch Report and it was good news for Northern Colorado. In Weld County, the Median Sales Price was up 12.5%, reaching $265,000. The Days on Market (DOM) for listings decreased by 6.5%, lowering to 63 days. In Larimer County, the number of Closed Sales was up 2.7% and the Median Sales Price was up by 11.6%, reaching $321,500. Homes also sold more quickly in Larimer County, with the DOM for listings down 5.5% to reach 71 days.