Friday, April 15, 2011

Update from Longmont Area Economic Council

1st Quarter 2011 Currently we have 201 primary employers in the Longmont area. ~ 4 new companies: Anew Green, CPU Technology, Digital Data Services, and Honeybee Robotics which represent 16 new jobs to-date in 2011. ~ 2 companies have closed or relocated their operation out of Longmont to-date in 2011 resulting in a loss of 49 positions. Those companies are BMGI Corporation and DataPlay. ~ 27 existing companies have added employees to their operation to date in 2011 resulting in 176 new jobs. ~ 9 existing companies have cutback employment in to date in 2011 resulting in a loss of 57 jobs. This gives us a net gain of 86 primary jobs to date in 2011. ~ The vacancy rate for real estate inventory (industrial and office) in the Longmont area through the first quarter of 2011 is 14.2% with 1.21 million square feet available. (Net primary employer absorption through the first quarter 2011 is -22,744 square feet). Note that these numbers reflect only facilities that are ready for occupancy. ~ The Longmont Area Economic Council worked with 15 new prospects looking at the Longmont area for relocation and/or expansion of their businesses during the first quarter 2011. This compares to 13 for the same