LAEC reports primary job gains for the Longmont area!

4th Quarter 2010


Currently we have 197 primary employers in the Longmont

area.

~ 10 new companies: Abound Solar, American Recreation

Products, Goliath Systems, Niwot Technologies, Onsemble,

Inc., Parascript, RF Concepts, Synapse Design, TechPubs

Global, and TerraLUX which represent 148 new jobs in

2010.

~ 14 companies closed or relocated their operation

out of Longmont in 2010 resulting in a loss of 156

positions. Those companies are AgInfoLink, BioHarmony

Corporation, Cevan Nutritionals, Colorado Micro

Precision, Cornay Company, Earthmap Solutions,

ExcelStor Technology, FreeDesign, Great Basin Scientific,

InPhase, Knowledge Forge, Monolithic Sculptures, Peak

Industries, and Storage Genetics.

~ 67 existing companies added employees to their

operation in 2010 resulting in 661 new jobs.

~ 47 existing companies cutback employment in 2010

resulting in a loss of 317 jobs.

This gives us a net gain of 336 primary jobs in 2010.

~ The vacancy rate for real estate inventory (industrial and

office) in the Longmont area through the fourth quarter of

2010 is 14.6% with 1.26 million square feet available. (Net

primary employer absorption through the fourth quarter

2010 is +7,444 square feet). Note that these numbers

reflect only facilities that are ready for occupancy.

~ The Longmont Area Economic Council worked with 10

new prospects looking at the Longmont area for relocation

and/or expansion of their businesses during the fourth

quarter 2010 for a total of 45 for the year. This compares

to 7 for the same quarter in 2009 and 52 for the year.

The Longmont Area Economic Council has a

comprehensive database of available land and industrial/

office buildings. We service the City of Longmont, Lyons,

Niwot and unincorporated Boulder County area.