40/40 Leaders
Region’s leaders to watch Section B
$ 1 NEWS Sept. 24-Oct. 7, 2010 Vol. 15, No. 26 Survey says: CRE www.ncbr.com market same as ‘09 Everitt Center finds industry expects ’11 to be slightly better Page 2A Engines and Energy lab to grow Marriott foreclosure sign of hotel times Properties stay open, and EECL director, said the addi- but recession tough Details finalized on 50,000-square-foot expansion tional space is needed for class- on nation’s hoteliers rooms, laboratories, offices and Page 3A By Steve Porter rebirth in 1992 when Colorado Discussions are being finalized future growth. [email protected] State University professor Bryan with the city to expand the EECL “We started the lab in 1992 Willson moved in to create the by 50,000 square feet, with a new with just one professor — me — FORT COLLINS — The old Engines and Energy Conversion addition planned for the facility’s and now we have over a dozen Fort Collins power plant on North Laboratory, is about to see a new front-yard area. Willson, a and tons of companies working College Avenue, which found a chapter in its 75-year-old history. mechanical engineering professor See ENGINES, 35A
2010 not yet a bounce-back year Who THE EDGE EmploymentEmEmpplplloymentooyment ChangesCChanghangges S Sinceince t thehe RRece RecessRecessionecesesssion BeganBegan Plans and brands 1 are change with times Sage updates look, .999 Northern message to reflect new business model .988 Colorado’s Page 13A 1974-1976 .977 1980 ? 1981-1983 SPECIAL .966 1990-1993
2001-2005 Badders David by Illustration REPORT .95 2007-present Precision Wind moves to Boulder .94 Wind-energy needs SOURCE: MARTIN SHIELDS precise forecasts for .93 best financial results 1 3 5 7 9 11 13 15 17 19 21 23 25 27 29 31 33 35 37 39 41 43 45 47 Page 19A months
LONG WAY TO GO — This chart was presented by Colorado State University economist Martin Shields at the Northern Colorado LISTS Business Report’s Mid Year Economic Update in July. Although the recovery from the Great Recession has officially begun, the Region’s largest: hole is way too deep to dig out of quickly. Oil-production As fourth quarter nears, signs and omens of late. The wizards in It took all summer, but we finally have companies Washington just revealed that the Great the answer to that question. Recession ended in December, and Nothern Page 24A Fifty participants, both as members of some cautionary tales Colorado is pulling out of it better than the rest teams and as individuals, started out in of the country — but we’re turning that corner in April being poked and prodded and Natural-gas- of too-wishful thinking fits and starts. The state added 1,900 jobs timed and tested by Banner Health pro- production compa- between June and July — fessionals. Then as part of the 2010 By Kate Hawthorne but lost 25,200 between nies See Then…and Now Banner Health Fittest Execs Challenge, [email protected] July 2009 and July 2010. they walked and ran and biked and hiked Page 25A By Kate Hawthorne Obviously signs and and sweated their way through August to The theme of this final installment of the omens do not a recovery Page 21A Southwest Weld another round of testing. Business Report’s 15th Anniversary Retrospective make — yet. As much as The results were tallied, the numbers employers was supposed to be Recovery. Back at the end of we’d like to have better news to report, we still have crunched, and the winners named on Page 27A 2009 when we were planning this series, we to wait until it happens. Sept. 16 at Bixpo — and profiled inside. thought — hoped? — we’d have some good news While we wait, we could take some lessons in But everyone who knows that good to work with by now. wishful thinking from NCBR stories of years past. health is good business is a winner. To be sure, there have been some positive See RECOVERY, 20A See FITTEST EXECS, 9A
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Follow us on: www.businessreportdaily.com www.NCBR.com 2A | Northern Colorado Business Report www.ncbr.com | Sept. 24-Oct. 7, 2010 Survey says: CRE market same as last year
they did last year. Everitt Center finds I-25/34 outranks other locations in the region Other results from the online survey: Rank the following locations in terms of successful redevelopment potential over the I Respondents overwhelmingly felt industry expects ’11 next five years (1=highest potential, 7=lowest potential) that land acquisitions and development 50 loans would be harder next year, while to be slightly better 1 2 3 4 5 6 7 the most respondents felt executing ten- 40 ant leases would be easier. By Sharon Dunn I Respondents overwhelming [email protected] 30 favored the Interstate 25/US Highway 34 interchange as having the most potential FORT COLLINS — Chances for 20 for development, while they overwhelm-
growth in the commercial real estate # responses ingly felt that Greeley’s downtown had market are about the same as they were 10 the least chance of development or rede- last year, with those in the industry velopment. Equal numbers of respon- expressing little optimism about the dents felt neighborhoods surrounding 0 coming year, according to the Everitt Colorado State University and Real Estate Center’s second annual sur- University of Northern Colorado had
vey. 25/34 good chances of redevelopment, as well - Greeley I Loveland Collins Downtown Downtown
With 2009 being such a bad year, Interchange as North College Avenue in Fort Collins Fort Collins West Greeley CSU or UNC North College Midtown Fort surrounding
commercial real estate professionals had Neighborhoods and downtown Loveland. little to be optimistic about for 2010, I Respondents felt the best chances which served to be a prime breeding SOURCE: EVERITT REAL ESTATE CENTER, COLORADO STATE UNIVERSITY, NORTHERN COLORADO COMMERCIAL REAL ESTATE 2011 SURVEY for financing projects was through the ground for the 2011 outlook — though nomic growth in our region and lack of UQM in southern Weld County — private equity market and out-of-state respondents generally felt a little more empirical evidence of job creation in Laposa said the Fort Collins/Loveland commercial banks, and more respon- optimistic. Northern Colorado, perhaps about the area has lost 6,000 jobs in the last two dents felt that financing through region- “About the same or slightly better, same, but slightly better is healthier than years. al and local banks would decrease the that’s really the mantra this year,” said ‘it’s going to get worse in 2011,’” Laposa “People are concerned about the most. However, respondents did seem to Steve Laposa, director of the Everitt Real wrote in the forward to the report of the (economic) environment,” Laposa said. have more optimism for next year than Estate Center at Colorado State they felt last year. survey results. Survey respondents echoed that, not- I University, which on Sept. 23 put on its Despite job growth on the east side of ing that “general economic and employ- Respondents overwhelmingly saw annual Real Estate Rendezvous, subtitled Interstate 25 — with Vestas Wind ment conditions” ranked among their little growth, even slight decreases in Reality Check 2011. Systems’ recent announcement of 1,000 highest concerns. Respondents ranked grocery-anchored shopping centers and Laposa, who conducted this survey, new jobs, plus JBS USA pumping more concern about interests rates and infla- the power/lifestyle centers and other said he wasn’t sure what to expect with employees into the Greeley area every tion the lowest. retail centers. the results from 131 respondents, about day and the promise of 250 jobs in Overall, however, fewer survey Hotels and office space scored low for 100 fewer than the 2009 inaugural sur- Greeley at Leprino Foods by 2011, and respondents said they felt 2011 would be growth in real estate values, while indus- vey. hundreds of jobs announced last year at worse for commercial development than “Given the lack of sustainable eco- See CRE, 33A
There are financial parasites within every business that
would like nothing better than to feed off of your blood,
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We know what’s sucking you dry.
KCOE.COM or 9 70.685.3500 Sept. 24-Oct. 7, 2010 | www.businessreportdaily.com Northern Colorado Business Report | 3A THE Nonprofits must file IRS forms by Oct. 15
EYE nonprofit’s annual accounting of its exis- Those that do not respond will be expunged. Some agencies say tence — for three years. “We’ve probably talked with upward of Throughout the country, 320,000 small 30 charities about it,” said Paul Mueller, a Water Pik they don’t belong nonprofits are now at risk of losing their tax- Loveland accountant who works with the exempt status, including a 180-page list of Community Foundation of Northern on delinquent list Colorado organizations. Of those, there are Colorado, adding that his organization has is picking roughly 277 in Larimer County and 176 in offered pro-bono help with the filing By Sharon Dunn Weld County. requirements to smaller charities. [email protected] But the IRS list is fraught with inaccura- It’s part of a rule Congress made in 2006, everything cies from misspellings to inactive employee eliminating the annual filing exceptions for The next month could be a tense one for identification numbers, and groups that organizations raising less than $25,000 a Where dental floss failed leaders of some area nonprofit groups as have long been dissolved. And many non- year. The new law required all organizations, to get the job done, Water they work to meet an administrative change profit leaders may still be in the dark on the with the exception of religious groups, to Pik Inc. picked up the slack from the Internal Revenue Service that will news, which the IRS made public earlier this begin filing in 2007, regardless of budget. and developed a water jet to make them more accountable for their year. “Since that time, the IRS has sent hun- help keep teeth clean and annual reporting requirements. The IRS is using the Oct. 15 deadline as dreds of thousands of postcards and letters healthy. The IRS on Oct. 15 will implement a one of clemency for the legitimate organiza- to addresses and information they had on Continuing with its core longstanding rule that strips nonprofit tions on the list to file their 990Ns (for organ- file,” said Karen Connelly, spokeswoman for competency of using “water groups of their tax-exempt status after fail- izations with budgets below $25,000) or the IRS. “If you’re a tax-exempt entity, for wellness,”Water Pik has ing to file their 990 forms — essentially a 990EZs (for organizations above $25,000). unveiled the SinuSense See NONPROFITS, 32A product line to help keep the nasal passages clean and FOCUS healthy. Sinus washing can help clear out congestion, allergens and everyday debris your nose hairs don’t filter out. New owner considers The Forks’ future What Water Pik did to the toothpick, it is now doing to the neti pot — the teapot-like vessel tradition- ally used to clear sinus pas- sages. With head tilted, a solution flows from the pot into the upper nostril that then flows out the bottom nostril, thus flushing out the intervening passages. But anyone with a seri- ously clogged nose knows a traditional neti pot, which relies on gravity, is just snot powerful enough. Enter Water Pik. The SinuSense products are made of plastic bottles that can be squeezed to pro- vide some extra booger- busting oomph. Squeeze-power is a decent enough place to start, but it lacks that true massaging Water Pik touch. So, when even more power is needed but you’re not quite ready to call a plumber, consider the Waterpik Pulsator. The handheld-unit is battery-powered with a flow-controlled trigger to “create a gentle pulsating stream of water” to bust Steve Porter, Northern Colorado Business Report through clogged passages and even tickle the brain. NEW LIFE? — The Forks restaurant and convenience store in Livermore was purchased by Fort Collins businessman Wayne Schrader on Aug. 28. Schrader said he’s still What could possibly be evaluating what he will do with the business but does plan to open it again, although he does not yet have an exact date for when that will happen. next on Water Pik’s horizon of clog-blasting? Let’s hear By Steve Porter vehicles parked around it. good buy,” he said. “I like the place and it some ideas! [email protected] The Forks, an iconic building at the does provide a service to the local people intersection of U.S. Highway 287 and and lots of people passing by.” LIVERMORE — Fort Collins business- Larimer County Road 74E, was being auc- As it turned out, Schrader was the only INSIDE man Wayne Schrader wasn’t intending to tioned off to the highest bidder that day person who showed up to make a bid on Agribusiness ...... 6A buy a restaurant/convenience store when after it had been closed for months. the property, which has a current value of Banking ...... 7A he woke up on Aug. 28. “We were headed up to the ranch and $279,900 with the county assessor. With a Briefcase ...... 18A Schrader, owner of Schrader Oil Co. decided to stop in and see what was going minimum bid of $150,000 required, Calendar ...... 16A and more than a dozen Schrader’s on,” said Schrader, who said he had Schrader bid $160,000 and was suddenly Classifieds ...... 38A Country Stores across Larimer County “thought about and talked about” the pos- The Forks’ new proprietor. and in Windsor, was on his way to his sibility of buying the business that forms Commentary ...... 36A Colorful history OnTheJob ...... 17A ranch in Cherokee Park in north Larimer the heart of the village of Livermore about Real Estate ...... 8A County when he and his wife, Phyllis, 20 miles north of Fort Collins. Schrader said he’s had mixed feelings drove by The Forks and saw dozens of “I thought if it went cheap it might be a about the purchase over the last several See FORKS, 34A 4A | Northern Colorado Business Report www.ncbr.com | Sept. 24-Oct. 7, 2010 for special occasions Marriott foreclosure sign of hotel times
tive. We’ve even lost business to Vail Properties stay open, because they have cheaper rates.” Hotel competition that sprung up !"!# %& !'# "(! ")*+%,-+.)"/ but recession tough when the market was hot has created #"!+01 &%( )2 !% 344 2#%2/# quite the over-supply in Fort Collins and 506/%.#* 7"( &%( #-#0!. on nation’s hoteliers Loveland, some say, which will take some for special meetings 8"!#(+01 .#(-+6#. 9/#0!: %& 2"(;+01 time to work itself out. By Sharon Dunn The addition of the Embassy Suites- [email protected] Loveland at Crossroads Boulevard and <=4>?@4>A=<@ B CCC>D(";#8#0!(#>6%E Interstate 25 put a strain on the Marriott FORT COLLINS — The foreclosure and Hilton Fort Collins, which had previ- of one of Fort Collins’ two full-service ously been the only full-service hotels in hotels puts the city in step with the rest the market. of the state and country for the last year, in which the hotel industry has struggled Foreclosures, business as usual mightily. After more than a year of foreclosures Operators vow that the Fort Collins proceedings, Integrated Capital of Los Marriott on Horsetooth Road, and two Angeles lost the Marriott on Horsetooth other hotel properties that went back to plus the Courtyard by Marriott and their lender on Sept. 1, will operate as Residence Inn on Oakridge Drive this usual. But times are tough on hotel oper- month. The investor group had failed to ators. pay on its $32.5 million note for months In March, Fitch Ratings predicted U.S. prior to the August 2009 foreclosure fil- loan defaults on hotels could reach 25 ing. percent to 30 percent by 2012. At the Integrated Capital bought the Fort time, the default rate was 16.6 percent. Collins Marriott properties for $41.68 In its September newsletter, Fitch million in 2006, probably paying too noted the default rate for U.S. hotels in much, Clark of the CVB said. August was 20.8 percent, up from 18.6 “The owners came in and bought percent in June. In fact, a $140 million them and paid a pretty good price, and default was registered in August by Hyatt like anything in real estate, it’s all based Regency–Bethesda, which helped put the on how much money you owe on some- hotel industry at the top of the default thing,” Clark said. “And with all of the heap of the different property sectors competition in the last few years, such as Fitch studies. Only multi-family residen- the hotels on Harmony (Road), there was tial defaults came close with a rate of an increase in supply but a decrease in 14.18 percent. demand.” “I read about it every day,” said Jim The $32.5 million note on the proper- Clark, president and CEO of the Fort ties was held in a bundled fund, not by a Collins Convention and Visitors Bureau, bank. Given that type of note, the lender charged with attracting large group busi- group is under no pressure to unload the ness to the city. “This is happening all property to the lowest bidder, said Kent over the country. You’ve got hotels stop- Karber, a partner with law firm Holland ping construction. Hotels in Las Vegas are and Hart in Colorado Springs who repre- having problems. One of the problems in sents the lending group. Colorado is when the economy crashes like it did, the resorts get rate-competi- See MARRIOTT, 31A
CORRECTIONS
In the Sept. 10 issue of the Business Report, The Edge story was written by Annie Finnegan, Human Capital Director of TriNet.
The Business Report will correct any errors that appear in its pages. To suggest a correction or clarification, please contact edi- tor Kate Hawthorne at 970-221-5400, ext. 212, or e-mail her at [email protected].
FINNEGAN
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POSTMASTER: Send change-of-address notices to: The Northern Colorado Business Report, Post Office Box 1399, Fort Collins, CO 80522. 970-221-5400 • 800-440-3506 • Fax: 970-221-5432 E-mail: [email protected] • www.ncbr.com Sept. 24-Oct. 7, 2010 | www.businessreportdaily.com Northern Colorado Business Report | 5A DDA dialing in on size of downtown hotel
“An upscale, branded hotel with con- groups of meeting planners and corporate especially for conferences with multiple How much needed to ference facilities best satisfies the collec- meeting planners to better understand nights, has great advantages over some- tive desires of the marketplace,” the RRC what the facility needs are within the com- thing out on the highway,” he said. draw new convention report concluded. munity and the relative attractiveness of Matt Robenalt, the downtown location,” he said. “We Next steps business to city center? DDA executive direc- want to actually speak with the meeting Rosall said the next step is to come up tor, said that being the planners themselves to get a better feel for with some choices that the DDA board By Steve Porter case, further analysis what would be best for downtown.” can study as it works toward finalizing a [email protected] was needed to deter- Rosall said the conference center design. mine what that would would include a flexible design, with Rosall said he expected that report FORT COLLINS — A proposed new mean in terms of size moveable walls to divide up a main would be made “before the end of the downtown hotel is getting a closer look and room configura- room so multiple meetings could be held year.” from the Fort Collins Downtown tion. ROBENALT simultaneously depending on group Robenalt said the 12-month exten- Development Authority to determine needs. sion of RRC’s contract was not aimed at the best size for its conference center. Sensitivity to existing hotels Rosall said an initial look at the Fort providing time for a long market assess- The DDA board of directors on Sept. Robenalt said the closer look at the Collins hotel situation tells him that a ment but to complete ongoing tasks in 9 agreed to extend the contract with proposed conference facility will also be downtown conference facility should be the original contract. Boulder-based consultant RRC done with a goal of not competing bigger than 20,000 square feet. Robenalt said the closer look is criti- Associates for an additional year. The directly with other hotels in town. “We “We’re probably not talking about cal to getting the project designed to best contract with RRC was set to expire at want to be sensitive to existing hotels in something less than 20,000, but whether fit into the existing Fort Collins the end of this year. The board also the community that provide this kind of it’s 25,000 or 30,000 or more, that’s the hotel/conference center community. agreed to pay RRC an additional $25,000 conference space already,” he said. question mark,”he said.“And how you can “The whole point is to make sure this to cover the time costs of additional An initial estimate of 15,000 to open that up to new business groups that gets sized so we’re able to attract new meetings expected to be needed to finish 20,000 square feet is now considered haven’t been available in the community.” group business that isn’t presently com- the project’s scope of work. likely too small to host the kinds of con- Rosall noted that the Embassy Suites ing to the community,” he said. The DDA last December signed a ference business being sought and would Hotel and Conference Center near The No site has yet been determined, nor $125,000 contract with RRC and its be directly competitive with some other Ranch fairgrounds complex just off has a particular hotel developer been development team to help facilitate the existing hotels. Interstate 25 in Loveland would likely be selected. construction of a major hotel that would Nolan Rosall, director of RRC the closest thing to a competitor when it An earlier effort by the DDA to build help draw group conference business to Associates and a former planning direc- comes to the eventual recommended size a downtown hotel stalled in 2008 when downtown Fort Collins. tor for the city of Boulder when down- for a downtown Fort Collins hotel. The the development partner, Kentucky- Earlier this summer, RRC presented a town hotels were built there, said the 263-room Embassy Suites has a total of based Corporex Cos., pulled out of the report that said the preferred alternative finer analysis of the conference center about 40,000 square feet of conference project due to the economic downturn. would be an “upscale, branded hotel” size and configuration will be done space. Construction of a downtown hotel because a select-service property — such through a survey conducted with the But he said a downtown Fort Collins remains at least a couple of years away, as those already seen elsewhere in the assistance of the Fort Collins conference center would be expected to Rosall said earlier this year, and would city — would simply duplicate those Convention and Visitors Bureau. draw a different kind of business. depend on a reviving economy and services. “We’re going to contact representative “We believe a downtown location, improved financing conditions. 6A | Northern Colorado Business Report www.ncbr.com | Sept. 24-Oct. 7, 2010 Beet growers bemoan GM seed ban
The judge made his ruling in a case not comment on any legal strategy the have purchased in the last few years. U.S. court ruling filed in 2008 by the Center for Food association may be considering, only “We bought new equipment and all Safety, an environmental organization saying “we’re proceeding forward in of this is much better for the environ- puts next spring’s that claimed the genetically modified other avenues to try and find a way to ment,” he said. “If we’re not able to sugar beets were not adequately tested have access to the (GM) technology.” plant GM seed, we’d have to find con- planting in limbo for human consumption and potential Markwart said the issue is currently ventional seed and go out and buy the environmental risks before they were up to APHIS, which could order a partial old equipment to plant it.” WELLINGTON — Like most of his deregulated by the USDA’s Animal and or conditional deregulation of the GM Finally, finding the old-style herbi- fellow Northern Colorado sugar beet Plant Health Inspection Service beets and allow their planting next April. cides for conventional sugar beets would farmers, Richard Seaworth is perplexed (APHIS). “It’s now in APHIS’ hands to look at be problematic, Markwart noted. “That and saddened by an August court ruling The genetically modified beets were how to move forward,” he said. market has evaporated,” he said. that forbids the developed by Monsanto, which made But having to wait two years or more “You put all of that together and planting of geneti- them immune to its Roundup herbicide. to complete an environment impact you’re going to close factories and there cally modified Beets that are “Roundup Ready” are able statement before being allowed to plant are companies that could go under as a beets next spring. to grow strong while weeds around GM seed would be devastating to sugar result of this,” he said. On Aug. 13, them die off after the herbicide is beet farmers, he noted. In short, the American sugar indus- Federal District applied. “The USDA has told the court that it try would be significantly diminished, Court Judge The net effect is higher yields with could be May 2012 before the EIS would resulting in more foreign sugar imports. Jeffrey White less water, fuel savings from fewer trips be ready,” Markwart said. “But what do That’s ironic in a year when area ruled that the U.S. through fields to kill weeds and lower you do in the two years between now sugar beet crops are looking healthy and government erred labor costs than if the weeds had to be and then?” the price of sugar is strong, according to in its approval of AGRIBUSINESS manually removed. Seaworth. genetically modi- Turn back the clock Steve Porter Since the GM beets were first “We’re looking good, with an above- fied sugar beets. approved for use in the United States in Markwart noted that the decision — average crop,” he said. White revoked 2005, about 95 percent of the sugar if it stands — could “turn back the Seaworth said he believes GM sugar that approval and ordered the U.S. beets grown in the nation have been that clock” for sugar beet growers. First beets have already proven themselves to Department of Agriculture to prepare variety. comes the problem of finding non-GM be safe and a benefit to farmers and the an environmental impact statement and The only good news for farmers in sugar beet seed to plant —virtually environment. approve the crop again, a process that White’s decision was that sugar beets impossible since little new seed has been “As a farmer, we’re not here to harm could take up to two years or more. already planted and ready for harvest grown in the last two to three years. anybody,” he said. “Nothing leaves here “We’re obviously disappointed and next month can be sold and processed “If you can even get conventional that I or my children wouldn’t eat.” really don’t know where we go from into sugar. seed it would be two to three years old, here,” said Seaworth, a Wellington-area Luther Markwart, executive director so its viability is a question,” he said. Steve Porter covers agribusiness and farmer whose family has been growing of the American Sugar Beet Growers Then there’s been the movement natural resources for the Northern sugar beets since 1929. “People are starv- Association, said the court decision has from old-style weed sprayers and culti- Colorado Business Report. He can be ing around the world and they’re trying thrown his industry into a state of con- vators to new, Roundup Ready-oriented reached at 970-232-3147 or at to cut our production, and that is sad.” fusion and uncertainty. Markwart would equipment that the majority of growers [email protected]. Fort Collins Premier Turn-Key Building Service 970.226.1000 2100 E. Prospect Lumber & Building Materials • Flooring • Cabinetry www.SutherlandsDesignGallery.com Windows & Doors • Lighting •Hardware • Plumbing
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pair struck out on their own in 2005 to high-dollar baby shower. we get … we share our vision. … When Kross, Nalezny set to make a home after Community First And no one is more invested than the bank does well, the shareholders Bank was taken over by Bank of the these two. reap the rewards, which will be spent in buy outstanding shares West. Their first, Fort Collins, came in “It’s difficult for people to come up our community.” 2005; Larimer and Loveland followed with that kind of money, but we’re all The power in such a merger, from Capitol Bancorp two years later. in,” Nalezny said of himself, Kross and approved by the Colorado Division of When Nalezny and Kross started, a couple of board members.“All of our Banking last month and now awaiting Commerce banks in Larimer Michigan-based Capitol Bancorp savings, and equity, we’re all in. We the approval of the Federal Reserve County will soon be under one prover- helped them kick-start their new ven- have people who have a commitment Board, is the combined efficiencies. bial roof, but bank ture by pumping in a 51 percent share. and passion, and that rubs off.” As a unit, the banks will only face principals Gerard In that time, the local entrepreneurs The effect being, they hope, that one regulatory examination every year; Nalezny and Mark have grown the banks to combined new investment brings more interest in there will be only one board, one loan Kross are like two assets of $234 million. their banks, thus more business. committee. That’ll free many employ- new parents. But Capitol Bancorp is under regu- “If we can replace (Capitol’s share) ees up for the business of growing the They know latory pressure to divest its holdings. with 150 smaller shareholders, they’ll banks, such as loan originations. their due date — The easy entities to cut loose were do business with us and tell their “It allows us to be more specialized, Oct. 30 — on those investments that aren’t consid- friends about us and lift our organiza- and it gives us better economies of which they will ered integral parts of their model, they tion,” Kross said. scale,” Kross said. buy out their said. Back to that elusive name. The gush- majority share- BANKING Nalezny and Kross decided to cut Growing young banks ing duo has called their holding com- holder, Capitol Sharon Dunn that cord and start anew. The three Capital has been hard to raise in this pany “Verus,” which is Latin for right, Bancorp. That will Colorado banks have always run their economic climate, but Kross and as in doing the right thing. Like any give birth to a new entity through the own show, with their own and local Nalezny feel certain they can tempt new parents seeking a unique baby merger of Fort Collins Commerce loan approval committees and boards. local investors to let go of some of the name, they say they are the only ones Bank, Larimer Bank of Commerce and “The magic of combining the banks cash they’ve been hoarding for a rainy who like it. Loveland Bank of Commerce. is having a broad breadth of owner- day. Their banks are growing at a solid “We’re now two months before our What they don’t know is their new ship,” Nalezny said. 18 percent during the rough times — a baby is born,” Kross said.“You want the baby’s name. And the asking price was right. In good return, though not quite the 40 perfect name, but we can’t find it.” “It’s hard to find a name that says the last seven weeks the pair has gath- percent to 50 percent they saw pre- Maybe they’ll have to wait to see who you are,” said Kross, noting the ered 90 percent of the $14.5 million recession. The banks have a cross-sec- what their baby looks like before struggle is to encompass the ideas of needed to buy out Capitol, which will tion of performing loans, and they attaching a name to it. doing right by their community, cus- free them up to offer shares to easily have continued to lend, even the more tomers, shareholders and employees. another 150 investors. risky loans such as construction. Sharon Dunn covers the banking While they continue struggle with Kross and Nalezny are on a road Earnings have remained in the black, as industry for the Northern Colorado that, they are busy making all the show of sorts to collect those new well. Business Report. She can be reached at preparations for this new birth, which shareholders at no more than a 5 per- “Our job isn’t to convince people of 970-221-5400, ext. 219 or will be their fourth in five years. The cent stake, or $1.2 million cap. Call it a anything,” Nalezny said. “Every chance [email protected].
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Lately there’s been a lot of negative Recovering real estate market sentiment about the economy. Talk of a Through July, the Northern Colorado double-dip recession and possible tax residential real estate market is showing Percent increases are spooking the public, which 2009 2010 signs of improvement, but will it last change can filter to the real estate market. without the federal tax credits? But quietly, the local residential real estate market is improving. Sure, some Single- and multi-family home sales 3,462 3,712 7.2 % of July’s figures were bad — monthly home sales in the Fort Collins/Loveland/Greeley metro areas Home sales total dollar volume $735,527,541 $818,157,125 11.2 % fell 43 percent from June, and 41 Foreclosure filings (YTD through Aug.) 3,367 3,242 -12.3 % percent from July 2009 — but that was to be expected as the federal homebuyer’s tax credit expired. The bigger pic- ture, according to SOURCES: HOME SALES DATA FOR FORT COLLINS, LOVELAND/BERTHOUD AND GREELEY/EVANS FROM IRES. FORECLOSURE DATA FROM LARIMER AND WELD COUNTY PUBLIC TRUSTEES. Loveland-based Information and REAL ESTATE appreciation. in the Fort Collins area from a year ago, That’s compared to an 18 percent rise Real Estate David Clucas The median sale price of a single- down 1.5 percent to $159,500 in the at this time last year. Foreclosures were Services LLC, family home is up 6.2 percent to Loveland/Berthoud area, and up 7.8 a leading indicator into the downturn shows that year-to-date, through July, $239,000 in the Fort Collins area from a percent to $107,500 in the — they started their aggressive climb home sales are up 7.2 percent in the year ago, up 14.4 percent to $238,000 in Greeley/Evans area. in 2006, well before the 2008 crash — region from a year ago, with 3,712 sin- the Loveland/Berthoud area, but down Perhaps the most encouraging news and they might be a leading indicator gle- and multi-family units sold. 12.8 percent to $135,000 in the for the local real estate market is that out. The total dollar sales volume of Greeley/Evans area. foreclosures filings continue to drop in those transactions is up 11.2 percent The median sale price of a multi- 2010, down 12.3 percent through from 2009, suggesting some price family home is up 7 percent to $161,500 August in Larimer and Weld counties. See REAL ESTATE, 30A Sept. 24-Oct. 7, 2010 | www.businessreportdaily.com Northern Colorado Business Report | 9A
Overall Fittest Team/////////// Capital West National Bank
Most Improved Team////////// Ewing-Leavitt Insurance Agency
Overall Fittest Individual//// Ginger Watts
2010 Most Improved Individual//// Kevin Hartig
Most Improved Individual//// Mark Lockwood
Team Challenge Winner/////// The Trebuchet Group
Trebuchet Group biggest exercisers of FITTEST EXECS, 2010 Fittest Execs Challenge Overall Challenge from 1A The Trebuchet Group is this year’s winning based on Statistics team in the Daily Endorphin Fittest Execs total min- Challenge hosted by the Northern Colorado utes exer- OVERALL FITTEST INDIVIDUAL Total Business Report. See chart on page 12A. cised, were: Minutes exercised: 147,187 The Trebuchet Group exercised a total of I Cardio Indoor Fit get fitter with Fittest Challenge Calories burned: 1,199,870 Days exercised: 1,899 474.4 minutes per exerciser between June 21 – Nvart Idinyan, At 50, Ginger Watts is fit, probably and Aug. 29. Trebuchet Group members includ- 2,080 more fit than most with her love for bik- ed Lee Porter, Ruth Pankratz, Jerry Touslee, I Cardio Outdoor — Matt Fix, 4,081 Weekly Average Per Exerciser: ing, running and hiking in Colorado’s Minutes exercised: 296.2 Robin Zwister and Chris and Diana Hutchinson. I Sports — Aaron Eide, 2,045 great outdoors. Now, she has the distinc- The winning team wins a free I Strength Training – Christine Herbert, Calories burned: 2414.2 tion of being named Northern Days exercised: 3.8 DailyEndorphin exercise challenge for their 3,205 Colorado’s fittest executive. company. I Walking — Ginger Watts, 2,807 Watts earned the highest score among CHARTS AND GRAPHS DATA PROVIDED BY DAILYENDORPHIN Rounding out the top 10 Fittest Execs teams I Other — Chris Hutchinson, 2,365 those who signed on for the 2010 Fittest were: Ewing-Leavitt Insurance, 471.7 minutes; I All Exercises — Jerry Touslee, 9,225 Execs Challenge, issued by Banner she said. “My goal was not to fall back. Great Western Bank, 348.2 minutes; LPR Platinum exercisers, who averaged at least Health and the Northern Colorado For me, competition drives me to excel.” Construction, 324.2 minutes; DailyEndorphin, five days and 150 minutes of exercise per week, Business Report. Her score was based on Watts is a district sales manager for 317.5 minutes; FE Lone Rangers, 245.3 minutes; were: Jerry Touslee, Joshua Letvin, Wayne body composition, blood work and fit- American Family Insurance in Fort Capital West National Bank, 229.5 minutes; Fire Knutson, Keith Jordan, Aaron Eide, Curtis ness tests before and after the 90-day Collins. And while she’s more at home Flow Protection, 195.1 minutes; CTL Thompson, Carlson, Chris Hutchinson, Bryan Brenning, challenge, in which she scored excellent hiking a trail, she also can be quite the 178.1 minutes; and ESK&H, 106.3 minutes. Diana Hutchinson, Kirk Dando, Ruth Pankratz, in all but one category — which she later workaholic. The top five teams in the Hodgepodge Steve Ewing, Christine Herbert, Dana Hohn, raised to excellent to achieve her goal. “Summertime is probably my weaker Division were: LPR Construction; Jenny Schultz, Jeffrey Mann, Steve Clark and Watts, a former aerobics instructor, time. I work a lot. I can easily stay at my DailyEndorphin; FE Lone Rangers; Fire Flow Ted Ray. said she was proud that she was able to office until well after dark,”Watts said. Protection; and CTL Thompson. The top five Gold exercisers, who averaged at least four increase her pushups and sit-ups within Watts moved from Glenwood Springs teams in the Show Me the Money Division were: days and 120 minutes of exercise per week, the challenge — try 45 pushups in one to Fort Collins a little over four years Trebuchet Group; Ewing-Leavitt Insurance; were: Jan Peters, Nvart Idinyan, Melissa minute. ago, but she said she spent more time on Great Western Bank; Capital West National Chalona, Lee Porter, Gail Grant, Curt Bear, “That was after a night where I had work than meeting people and learning Bank; and EKS&H. Travis Coleman, Ken Johnson, Mark Lockwood, been up all night with food poisoning,” See FITTEST EXECS, 11A Star Endorphers by exercise category, Pat Hagge and Michelle Paul.
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from 9A shows you can do what you set out to do Overall Fittest FITTEST EXECS, Challenge Details if you apply yourself.” June 21, 2010 - Aug. 29, 2010 (71 days), based on — Steve Porter Team Rankings the trails. total minutes of exercise. “Being new to the area, this forced me OVERALL FITTEST TEAM Weekly to get out there and get involved,” Watts Challenge description: Minutes-based exercise Average said. “I have been so consumed with my challenge. All physical activities listed and Culture key to Capital West’s overall fitness Minutes of work since I moved.” entered count. Weekly and final standings based Exercise Watts was just beginning to get out on average minutes per team member. Health and fitness seem to be key 1 Trebuchet Group 473.4 more when the Fittest Exec challenge components of the culture at Capital began. She joined a hiking group to add 2 Ewing-Leavitt Insurance 471.7 to three times a week on strength train- West National Bank in Fort Collins. to her regular daily routines of a morn- ing and also runs three to six miles a This became ever more evident dur- 3 Great Western Bank 348.2 ing Insanity workout, followed by a week and walks six to eight miles weekly ing the past three months as a team of nighttime trip to the gym on the spin- 4 LPR Construction 324.2 in his neighborhood. He’s also gotten employees adopted a few changes ning bikes or elliptical trainers. As the 5 DailyEndorphin 317.5 into yoga. “It really works for me,” he intended to foster employee health and weather got nicer, her hikes and runs got said. “It provides a great deal of benefit.” fitness at the bank. The changes yielded 6 FE Lone Ranger 245.3 her out of the gym. Hartig said he found the challenge a huge returns and the team from Capital “It worked out dually well for me,” 7 Capital West National Bank 229.5 good way to heighten his awareness of West was named the Overall Fittest Team Watts said. “I’m able to make friendships his fitness. in the Northern Colorado Business 8 Fire Flow Protection 195.1 locally, explore new trails and hiking is “It was great,” he said. “It was nice to Report/Banner Health Fittest Execs my true love, so it was a well rounded fit- 9 CTL Thompson 178.1 get an index of health assessment at the Challenge. ness routine for me.” beginning and then see where I was at The crew was led by Senior Vice 10 EKS&H 106.3 — Sharon Dunn along the way.” President Curt Bear, who took over from For Mark Lockwood, partner and the former bank president who resigned said that the lifestyle changes that were MOST IMPROVED INDIVIDUALS owner of Investors Properties in Fort a short time after originally committing implemented for the event have had a Collins, getting involved in the Fittest the team to the competition. The cohe- profound impact on each of their lives Hartig, Lockwood both Most Improved Execs Challenge was an outgrowth of a siveness of the team coupled with their and he expects that the changes will be resolution he made early in the year to competitive nature enabled them to stay permanent. For both Kevin Hartig and Mark get in shape. focused on the competition and adhere The other team members were; Curtis Lockwood, getting involved in this year’s At 53, Lockwood said he’d noticed it to the lifestyle changes that were the Carlson, Chelsey Bourdeon, Ali Fittest Executives Challenge had a very wasn’t as easy as it used to be to stay fit. foundation for their success. Almquist, Nvart Idinyan, and Rayno positive outcome. “I found myself at a point where I’d The team’s achievement stemmed Seasar. Some of these names also appear Hartig and Lockwood tied for Most entered my 50s and the body just doesn’t from key lifestyle changes involving exer- on the roster of most enthusiastic exer- Improved Individual during the sum- do what it did when you’re in your 20s,” cise and nutrition. Bear said that at least cisers in the Daily Endorphin part of the mer-long fitness contest. he said. “It doesn’t automatically come three times a week team members would Challenge – not really a coincidence. Hartig, president of ESC Engineering off anymore.” eat lunch during a quick break and go to — Ross Manley in Fort Collins, said frequent business Lockwood maintains a rigorous the 24-hour Fitness gym across the street traveling made it necessary to try a little schedule of exercise, taking spinning for the rest of the lunch hour. In gener- MOST IMPROVED TEAM harder to maintain his exercise routine. classes, weight lifting, swimming and al their eating regimen emphasized more “I decided I wanted to get a better feel playing pick-up hockey games. He also fresh fruits and vegetables. for where I stood fitness-wise and track took part in this year’s Ride the Rockies The synergy that resulted from the Ewing-Leavitt sets lasting example what I was doing this summer,” he said. bicycle tour in June. team members witnessing each other For Hartig, 45, the extra focus on fit- Lockwood said the fittest execs chal- adopt the changes served as motivation The team from Ewing-Leavitt ness was just part of an ongoing desire to lenge was a good experience for him. for further improvement. Insurance Agency had a straightforward stay fit and healthy. “I just try to keep an “You sort of have your baseline and you Bear reported that the male team goal going into the Fittest Execs eye on what I’m doing with my exercise look forward to going in and seeing what members focused their energy on weight Challenge competition. “We wanted to regimen and a reasonable diet,” he said. goals you made,” he said. “Part of the training exercises, while the females Hartig said he typically works out two whole thing is tracking your progress. It engaged in cardiovascular workouts. He See FITTEST EXECS, 12A 12A | Northern Colorado Business Report www.ncbr.com | Sept. 24-Oct. 7, 2010 Top 10 Endorphers by Exercise Category and Total Minutes Exercised
Cardio Indoor Cardio Outdoor Sports Strength Training Walking Other All Exercises
Nvart Idinyan: 2080 Aaron Eide: 1 Matt Fix: 4081 Christine Herbert: 3025 Ginger Watts: 2807 Chris Hutchinson: 2365 Jerry Touslee: 9225 2045
2 Chris Hutchinson: 2149 Kirk Dando: 1380 Jerry Touslee: 3135 Ruth Pankratz: 2790 Jerry Touslee: 2100 Christine Herbert: 8495 Jeffrey Mann: 1360
3 Dana Hohn: 1120 Christine Herbert: 2090 Jeffrey Mann: 1040 Bryan Brenning: 2075 Keith Jordan: 2064 Wyatt Knutson: 2040 Chris Hutchinson: 6444
Ruth Pankratz: 1660 4 Steve Ewing: 1065 Mark Lockwood: 1930 Bryan Mcclure: 977 Jeffrey Mann: 1915 Kirk Dando: 1620 Jeffrey Mann: 6252
Curtis 5 Michelle Paul: 990 Jerry Touslee: 1860 Jerry Touslee: 810 Carlson: Joshua Letvin: 1890 Keith Jordan: 1519 Dana Hohn: 5650 1480
6 Christine Herbert: 850 Steve Clark: 1805 Eric Bernhardt: 640 Dana Hohn: 1320 Christine Herbert: 1610 Mark Lockwood: 1340 Keith Jordan: 5532
7 Mark Lockwood: 830 Ted Ray: 1729 Timiry Krieger: 600 Jeffrey Mann: 1297 Dana Hohn: 1590 Nvart Idinyan: 1320 Kirk Dando: 5450
8 Jenny Schultz: 827 Keith Jordan: 1539 Bryan Brenning: 540 Lee Porter: 1200 Pat Hagge: 1560 Dana Hohn: 1310 Ruth Pankratz: 5180
Mark Lockwood: 5125 9 Gail Grant: 820 Diana Hutchinson: 1240 Steve Ewing: 415 Steve Ewing: 1080 Diana Hutchinson: 1380 Rocky Turner: 1069
Pat Hagge: 4393 Pat Hagge: 750 Kirk Dando: 1190 Curtis Carlson: 395 Kirk Dando: 905 Jerry Touslee: 1320 Jan Peters: 975
Daily Endorphin tracking site. replaced with new habits of eating healthy FITTEST EXECS, from 11A After a 90-day competition, the temp- and staying active whether it be playing tation to stop going to the gym and with the kids or going to CrossFit. win,” said President Steve Ewing. reverting back to poor diets is not a con- “It takes 30 straight days to form a Ewing admits his firm has a natural cern of Ewing’s for his employees. On the habit,” Ewing said. “That stuff has competitive spirit. However, the desire contrary, Ewing is confident those former impacted.” for Ewing-Leavitt to be named the Most temptations and lazy ways have been — Noah Guillaume ACTIVE BUCH — Total minutes exercised in the Improved Team in the Challenge goes Fittest Execs Challenge: 147,187. beyond the glory of the win. Ewing wanted his staff to get in the gym to show clients and other insurance firms that having a healthy workforce is 40000 entirely possible. Exercise Activity by Category “We wanted to show we weren’t stereotypical insurance folks,” Ewing said. “We can be an example to the industry.” Only five employees from the Ewing- 30000 Leavitt firm could participate in the offi- cial Fittest Execs Challenge, but as com- petitive as they are, that did not stop the rest of the firm from hitting the gym and tracking everybody’s numbers. “It was contagious for the entire 20000 office to participate,” Ewing said. Minutes Exercised Family members even caught the spirit. In telling the audience at the Fittest Execs luncheon how the decision to get 10000 healthy has impacted her life, Christy Herbert, a vice president at Ewing- Leavitt, talked about her son joining her in the pursuit of getting fit. And even though the Fittest Execs Challenge has come to a close for this year, Herbert said 0 she and her son still sit down each night Cardio Cardio Strength Walking Sports Other to talk about what they did at the gym Indoor Outdoor Training that day or the nutritious meal they ate and enter their exercise minutes into the TIME OUT
Snapshots of life outside THE EDGE the office Page 15A
COLUMNS Plans, brands change with times Sage updates look, message to reflect Economic new business model Indicators Growth erratic By Kate Hawthorne as government pays in stimulus lumps [email protected] Page 28A Nearly 10 years ago, Doug Larson launched Sage Marketing Group with a busi- ETC. ness plan that reflected a lean organization: New logo He would provide marketing strategy con- On The Job sulting, and contract out for design, writing People and other creative services. in the news, The “open-source” arrangement allowed on the move Page 17A Larson to match the creative team to his clients’ particular needs on individual proj- Calendar ects — and save lots of money on overhead. Events, seminars He didn’t hire a full-time employee until and dates to look 2005. forward to The plan worked. Sage was honored by the Page 16A Northern Colorado Business Report with a Previous 2006 Mercury 100 award for posting revenue logo Briefcase growth of 174 percent between 2003 and Regional 2005. The Sage brand became widely known business Northern Colorado Business Report file photo developments throughout the region as the place for busi- nesses to turn to when they needed to create Page 18A LIVING DOCUMENT — Doug Larsen, owner of Sage Marketing Group shown here in 2006, decided it was time for a new image for his business after a decade of creating brands for other businesses. Daily in Review See SAGE, 38A A look back at top news stories Page 14A LISTS Take decision-making beyond gut level Region’s largest Oil-production Prioritize to make hard choices growth. Bad decisions waste resources and lead to failure. companies Decision-making models of the past no longer provide Page 24A the results we need. quickly, efficiently, effectively The dynamics of decision-making have become more complex for every business, organization or nonprofit. Natural-gas-pro- Be prepared — a favorite motto of the Boy Scouts. Are What are the dynamics that affect our decision-making duction compa- we prepared for the choices we must make in today’s fast- today? A common set of trends include technology, cus- nies moving business environment? tomer demand, information abundance, budget uncer- Page 25A Whether it is an organizational or personal question, tainty, and our ability to adapt to change. everyone is required to make decisions with less time to At this time, the economic drivers alone point to a PRACTICING analyze, reflect and respond. Creating priorities is one way need to revisit our decision-making methods and assess Southwest Weld to be prepared to make quality decisions. Timing is every- INNOVATION how we might be better equipped to respond in the short employers thing and being prepared is more important than ever for and the long term. Page 27A Shirley Esterly making rapid decisions. Good decisions help us progress forward to sustainable See DECISIONS, 33A FALLFALL SALES SALEES EVENT~2011 EVENT~22011 MODELS MODELS upp mo* (:2 ()6<;())6<; (79[V[ (\KP ( X\H[[YVX\H[[[YV (\KP( 8 X\H[[YVX\HH[[YV 7YLTP\T7YLTP\T WRN 7YLTP\T7YLTP\T WRN $ mo $ mo 429429 TV SLHZL 599 TV SLHZL *HW 9LK\J[PVUU WS\Z Z[ TVU[OZ WH`TLU[ VM WS\Z [H_ ^P[O HJX\PZP[PVUHJX\PZP[PVVU MLL K\L H[ SLHZL ZPNUPUN 4:97 2 TPSLZ WLY `LHY`LHY :;2 : :LJ\YP[` KLWVZP[ ^HP]LK I` (-: (79Z HZ SV^ HZHZ TV ,_W
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^^^H\KP\ZHJVTLKJHYYVSS^^^H\KP\ZHJJVTLKJHYYVSS :V\[O *VSSLNL (]L(]L] -VY[ *VSSPUZ *6 14A | Northern Colorado Business Report www.ncbr.com | Sept. 24-Oct. 7, 2010 DAILY IN REVIEW Loveland names Cahill new city manager
Editor’s note: Daily in Review is a par- after being accepted Sept. 7 as Loveland’s he also had served as director of eco- University announced Friday they have tial digest of stories reported in the newest city manager. nomic development and redevelopment created a three-year shared leadership Business Report Daily online service The Loveland City Council voted for 11 years. From 1982-1990, Cahill position to explore energy and environ- between Sept. 7 and 17. Follow Business unanimously to hire William Cahill, 54, served as the community and economic ment-related research and economic Report Daily each day at www.ncbr.com of Merced, Calif., to replace retiring Don development program manager in development opportunities. — click on “Breaking News” on the home Williams, whose last day was Sept. 15. Covallis, Ore., after working for two The new position - called the Vice page — or subscribe to have each day’s top Assistant City Manager Rod Wensing, years as an economic development plan- President and Enterprise Executive for items delivered to your inbox twice a day. formerly Windsor’s city manager, will ner there. Energy and the Environment - will be serve as Loveland’s acting city manager filled by Ron Sega. A former astronaut LOVELAND — A California man until Cahill takes over. CSU, Ohio State share research position and undersecretary of the Air Force who with a long background in economic Cahill spent the last eight years as the COLUMBUS, Ohio — Colorado currently serves as CSU’s vice president development is headed for Colorado assistant city manager in Merced, where State University and Ohio State for energy and the environment, Sega is also the Woodward Professor of Systems Engineering. Bravo Entrepreneurs Between the two land-grant universi- Fort Collins ties there are more than 500 faculty 1998-2010 researching energy and the environ- ment. Sega, who obtained his master’s 2010 ...... Curt Richardson ...... OtterBox degree in physics at Ohio State, will split his time between the two campuses and 2008-2009 ...... Wynne Odell ...... Odell Brewing Company serve as a full-time tenured faculty ...... Douglas Odell member in both institutions’ colleges of ...... Odell Brewing Company engineering. 2007...... Rulon Stacy ...... Poudre Valley Health Systems Space planned for Benchwarmers available 2006 ...... Terry Drahota Sites in Fort Collins and Greeley that ...... Drahota Commercial, LLC had been planned locations for the now 2005...... Lori Schlotter defunct Benchwarmers Tavern & Grill ...... Colorado CustomWare, Inc. are back on the market. 2004 ...... David Bethune The space at 1544 Oakridge Drive in ...... Atrix Laboratories, Inc. Fort Collins, which has seen a number of 2003 ...... William Ward restaurants come and go in the past few ...... Front Range Internet - FRII years, is now up for sale for $2 million, 2002 ...... David Neenan while the location in Westlake Village ...... The Neenan Companies ...... Jim Neenan Shopping Center at 2100 35th Ave. in ...... The Neenan Companies Greeley is available for lease. 2001 ...... Spiro Palmer Kevin Right Properties, formed in June ...... Palmer Florist by Mitchell Right, business partner of
2000...... Kim Jordan Benchwarmers’owner Kevin Foote,bought ...... New Belgium Brewing Company the Fort Collins restaurant property on the ...... Jeff Lebsch corner of Oakridge and Harmony Road for ...... New Belgium Brewing Company $1.8 million in July.The pair had intentions 1999...... Douglas Schatz of opening a Benchwarmers there, but shut ...... Advanced Energy Industries, Inc. it down soon after making some improve- 1998 ...... Kent Sampson ments, said Nick Christensen, principal of ...... Value Plastics, Inc. Chrisland in Loveland, which is listing the restaurant. After 30 years of business ownership in Fort Collins, I’m certainly In April, Foote entered into a 10-year humbled to receive the Bravo! Award. However, this award is not about lease to take over the former Jackson’s All- an individual so much as it is about OtterBox as a company; the hard work American Grill in Greeley, which had of our employees, doing what they need to do each day to achieve our abruptly shut down a month before after visionandplanfor success. 18 years in business. Verniece Thomas, business manager with PB Roche — Curt Richardson Solutions, which manages the Westlake Founder and CEO shopping center, said she terminated the OtterBox Benchwarmers’ lease in July for nonpay- ment of regular maintenance fees. The restaurant and bar space remains vacant. Leprino buys land for wastewater treatment GREELEY — Leprino Foods is already expanding its site in east Greeley, with construction of the cheese-making plant just beginning. The global mozzarella producer is under contract to buy 18 acres of the for- mer Meyer Feedlot east of its existing site off U.S. Highway 85 to build its own renewable wastewater treatment facility. The Greeley Planning Commission on Sept. 14 approved the company’s plans to house an aerobic and anaerobic wastewater treatment facility on the 2010 Bravo Award Sponsors land. The company this summer began construction on its 847,000-square-foot cheese plant, which is expected to open November 2011 and eventually employ up to 500 people. Sept. 24-Oct. 7, 2010 | www.businessreportdaily.com Northern Colorado Business Report | 15A TIME OUT
1 2
3 CHECKING IN — 1. Members of Dohn Construction’s Golf Committee, from left, Nate Brock, Annie Brinker, Bernie Marzonie, Colleen Nelson, Brian Blake and Brett Brown present a donation to Kathi Wright, Boys and Girls Club of Larimer County and Kristin Yocum and Chuck Dickson, Boys and Girls Club of Weld County. The donation was made possible with the proceeds from the Third Annual DCI Charity Golf Tournament on July 3. 2. Volunteers for Fort Collins-based Odell Brewing Co. serve up beers on Sept. 17 at the Great American Beer Festival in Denver. 3. Tom Selders, Greeley Computer Services; Pete Morrell, Morrell & Associates; and Darin Busse, Cornerstone Chiropractic get in some early morning networking at the Greeley Chamber of Commerce Business Before Hours hosted by Weld Family Clinic of Chiropractic and The Growth Coach Sept. 8.
E-mail your event photos to Editor Kate Hawthorne, [email protected]. Include complete identification of individuals.
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Presenting Sponsor
Tournament Sponsors
Major Sponsors Beacon Partners MSN BKD Northern Colorado Anesthesia Cator, Ruma & Associates, Co. Professional Consultants, LLP CISCO Systems Orthopaedic & Spine Center EMC² of the Rockies Heery International, Inc. The Imaging Center at Harmony Hospital Shared Services of Colorado Northern Colorado Business Report Team Sponsors Team Sponsors, cont. COPIC Medical Foundation Comcast Cable Craig Luzinski Dan D. Robinson Emergency Physicians of the Rockies Northern Colorado Pulmonary Consultants Family Medicine Center OtterBox Tee Sponsors Haselden Construction, LLC Regional West Medical Center M.A. Mortenson Company Exodus Moving & Storage Yampa Valley Medical Center GE Johnson Construction McWhinney Foundation Flood & Peterson Insurance Medical Center of the Rockies GH Phipps Construction Hillside Development The FEET, Inc. Northern Colorado Anesthesia Surgical Specialists of the Rockies Professional Consultants Value Plastics, Inc. Markley Motors, Inc. Computer Sites, Inc. Poudre Valley Health System American Eagle Distributors TEK Systems JE Dunn Construction Individual Sponsors Peak Resources The Neenan Company GE Johnson Construction Company U.S. Engineering Professional Document GH Phipps Construction Companies Management, Inc. Cancer Center of the Rockies Home State Bank of Loveland Chris Cribari U.S. Engineering 16A | Northern Colorado Business Report www.ncbr.com | Sept. 24-Oct. 7, 2010 CALENDAR
Sept. 25 - National Public Lands Day, from 9 a.m. to Road in Fort Collins. Cost: free. Contact: Louann Larimer County Workforce Center, 200 W. Oak St Oct. 2 - 3 - Elk Fest, starting at 10 a.m., Bond Park, In 3:30 p.m., U.S. Forest Service’s work center, off of DeCoursey at 970-472-4204 or louann@ in Fort Collins. Cost: Free. the center of downtown Estes Park in Estes Park. Dowdy Lake Road in Red Feather Lakes. Contact: savacenter.org. Sept. 30 - Loveland CEO Meetup, from 8 to 10 a.m., Cost: Free. Contact: Suzy Blackhurst at 970-577- Kristy Wumkes at 970-295-6721. Sept. 28 - Writing through loss, from 7 to 9 p.m., Loveland.Cost:Free.Contact:JohnMcIntoshat303- 9900 or [email protected]. Sept. 25 - 26 - Autumn Gold - A Festival of Bands, Pathways Hospice, 305 Carpenter Road in Fort 554-7332 or [email protected]. Oct. 5 - Business Planning for Success, from 8:30 Brats ‘n’ Beer, from 10 a.m. to 5 p.m., Bond Park, Collins. Cost: $80. Contact: Michele Desnoes at Oct. 1 - Social Networking, from 5:30 to 9:30 p.m., a.m. to noon, SBDC office (Key Bank Tower), 125 S. In the center of downtown Estes Park in Estes 970-663-3500 or michele.desnoes@pathways- Front Range Community College, BP152, Blanca Howes St., Suite150 in Fort Collins. Cost: Park. Cost: Free. Contact: Suzy Blackhurst at 970- care.org. Peak building, 4616 S. Shields St. in Fort Collins. $40/prepaid, $50/day of. Contact: SBDC at 970- 577-9900 or [email protected]. Sept. 28 - 16 - Excel Topic-Specific Workshops, from Cost: $75. Contact: FRCC at 970-204-8686. 498-9295 or www.sbdc-larimer.com. Sept. 27 - NoCoNet presents Twitter Exposed, from 5:30 to 8:30 p.m., The Education and Life Training Oct. 2 - World Food Program Committee of Denver: Oct. 7 - Guide for Your Online Success, from 8:30 to 8 to 10:30 a.m., Faith Evangelical Free Church, Center, 401 Linden St. in Fort Collins. Cost: $49. Launch Party, from 5:30 to 8:30 p.m., Denver 11:30 a.m., SBDC office (Key Bank Tower), 125 S. 3920 S. Shields St. in Fort Collins. Contact: Contact: Laura Barron at 970-492-4357 or Darkroom, 4037 Tejon St. in Denver. Cost: $20. Howes St., Suite150 in Fort Collins. Cost: NoCoNet at [email protected]. [email protected]. Contact: World Food Program Committee of $40/prepaid, $50/day of. Contact: SBDC at 970- Sept. 28 - Business Growth...how to get there, from Sept. 29 - Newly Bereaved Group, from 6:30 to 8 Denver at 720-341-2475 or 498-9295 or www.sbdc-larimer.com. 8 to 10 a.m., Loveland SBDC, 441 E. Fourth St., Suite p.m., Pathways Hospice, 305 Carpenter Road in [email protected]. Oct. 7 - Alan Weiss 101-Accelerating a Consulting and 101a in Loveland. Cost: $25. Contact: Mary Ann at Fort Collins. Cost: $25, no fee for hospice families. Oct. 2 - Mothers of Invention Convention, from 8 a.m. Speaking Career, from 8 a.m. to 4 p.m., Ritz- 970-667-4106 or [email protected]. Contact: Michele Desnoes at 970-663-3500 or to 5 p.m., CU Denver Campus, Tivoli Center in Carleton Denver, 1881 Curtis St. in Denver. Cost: Sept. 28 - kNOw MORE! Breakfast for SAVA, from 7 to [email protected]. Denver. Cost: $59. Contact: 303-910-8889 at 303- $600. Contact: Patricia B. Sikora, Ph.D. - IMC 8:30 a.m., Hilton Fort Collins, 425 W. Prospect Sept. 30 - Fort Collins Job Fair, from 1 to 4 p.m., 910-8889 or [email protected]. Colorado Marketing Chair at 303-499-5723 or [email protected]. What: Webinar series Oct. 8 - All About Health Reimbursement Arrangements (HRAs), from 10 to 11 a.m., Webinar. When:Tuesdays, 10/26-11/23 Cost: $0. Contact: Amy Essig at 303-776-3105 or Where: Your desk [email protected]. Oct. 9 - 10 - Surprise Sidewalk Sale, starting at 10 How: Register at NCBR.COM a.m., Downtown Estes Park, Elkhorn Avenue & Series cost: $25 Vicinity in Estes Park. Contact: Suzy Blackhurst at 970-577-9900 or [email protected]. For more information call Lindsay Gilliland at Oct. 9 - Adoptions Dreams Come True, starting at 6 970-221-5400 ext. 203 p.m., The Hilton Fort Collins. Cost: TBD. Contact: Brittany Hageman at 970-566-4682 or [email protected]. Oct. 11 - 13 - The ABC’s of Microsoft Access, from 5:30 to 8:30 p.m., The Education and Life Training Center, 401 Linden St. in Fort Collins. Cost: $99. Business Succession & Exit Strategies – Contact: Laura Barron at 970-492-4357 or [email protected]. Oct. 12 - 15 - Registration for the Fall II Session at Key Components to Building Value in Your Business ELTC, starting at 0 a.m., The Education and Life Training Center,401 Linden St. in Fort Collins. Cost: October 26th, 12pm-1pm – Meet the Presenters – Overview of the Series – Q&A Sliding Scale Discounts Available. Contact: Laura Barron at 970-482-4357 or Laura.Barron@ eltcenter.org. November 2nd, 12pm-1pm – Features Sandy Blaha Oct. 13 - NCEDC Annual Meeting, from 11:30 a.m. to 1:30 p.m., Fort Collins Hilton, 425 W. Prospect Road Failsafe Exit Strategy – Driving Business Valuation & Wealth Creation with Sandy Blaha. in Fort Collins. Contact: Kay Wood at 970-667- 0905 or [email protected]. Sandy Blaha Performance Consulting is a performance management, leadership development and succession/exit planning company. An Oct. 13 - Business Before Hours, from 7 to 8:30 a.m., author, presenter, trainer, facilitator and coach she builds organization capacity with a focus on strategy, leader development, talent assessment FirstFarm Bank, 127 22nd St. in Greeley. Contact: and execution discipline. She works with owners and senior executives nationwide to insure their companies’ legacies. Kim Barbour at 970-352-3566 or kim@ greeleychamber.com. Oct. 13 - Selling Your Uniqueness, from 8:30 to 11 a.m., SBDC office (Key Bank Tower), 125 S. Howes St., Suite150 in Fort Collins. Cost: $40/prepaid, November 9th, 12pm-1pm - Features Susan Johnson $50/day of. Contact: SBDC at 970-498-9295 or www.sbdc-larimer.com. Build Your Value and Plan Your Future Oct. 13 - NCEDC Annual Meeting and Luncheon, from Susan Johnson, CPA, is the Director of Tax of Brock and Company, CPAs, P.C. Susan joined the firm in 1978 11:30 a.m. to 1:30 p.m., Hilton Fort Collin, 425 W. and works primarily with privately-owned businesses and individuals. Her areas of expertise include the Prospect Road in Fort Collins. Cost: $35/person, construction and real estate industries, and estate and fiduciary tax planning. She has worked with numerous clients as they transition $240/table of eight. Contact: Diana McKinney at their businesses to both family members and outsiders. 970-667-0905 or [email protected]. Oct. 14 - How to attract and retain key employees in a recovering economy, from noon to 1 p.m., Harmony one building/ New York Life, 3003 E. November 16th, 12pm-1pm - Features Tony King Harmony Road, Suite 110 in Fort Collins. Cost: free. Registration Deadline: 10/13/2010. Contact: Brian Legal Considerations and Issues in Business Successions and Exits Fabrizio at 970-371-1915 or [email protected]. Oct. 15 - Relationship Selling, from 8:30 to 11 a.m., Anthony A. King is a leading transaction attorney in the Rocky Mountain Region working with business owners SBDC office (Key Bank Tower), 125 S. Howes St., in successfully transferring businesses to key employees, family members and third parties, as well as advising Suite150 in Fort Collins. Cost: $40/prepaid, business owners on other business issues. Tony joined the firm in 1993 and has been an owner and Director since $50/day of. Contact: SBDC at 970-498-9295 or 1999. His practice centers on mergers and acquisitions, business transitions, corporate and business planning, www.sbdc-larimer.com. financings and executive compensation planning. Oct. 18 - 24 - Make A Difference Day 2010, Larimer County. Contact: Jami McMannes at 970-407-7055 or [email protected]. November 23rd, 12pm-1pm - Features John Clagett Oct. 19 - 13 - Google Confusion Unraveled, from 5:30 to 8:30 p.m., The Education and Life Training Key Strategies for Creating Sustainable Wealth for Today's Business Owner Center, 401 Linden St. in Fort Collins. Cost: $49. Contact: Laura Barron at 970-482-4357 or John Clagett is the owner of Q4 Wealth Management, Inc. a full-service firm whose client-centered business model delivers [email protected]. customized advice, financial strategies, and personalized service to many Northern Colorado business-owners. With over seventeen years Oct. 20 - Notes from the Underground: Solutions to in the investment industry, John brings a unique approach to managing the many areas of clients’ financial lives by proactively Greenhouse Gas Mitigation are in our Soils, from conferring with their team of investment, tax, legal, and insurance professionals to ensure objectives are met. 5 to 6:30 p.m., Avogadro’s Number, 605 S. Mason Securities and Advisory Services offered through Nations Financial Group, Inc.(NFGI), member FINRA/SIPC, a Registered Investment Advisor. John Clagett is a Registered Representative of NFGI. Q4 Wealth Management, Inc is a separate entity and not affiliated with NFGI. St. in Fort Collins. Cost: FREE. Contact: Kerri McDermid at 970-492-4155 or [email protected]. Sept. 24-Oct. 7, 2010 | www.businessreportdaily.com Northern Colorado Business Report | 17A ON THE JOB
ACADEMICS Collins. He will oversee general operations and all construction operations at Drahota. Lynn Vosler has been ENGINEERING named workforce develop- ment director at Front Bryant Walters, P.E., Range Community College. LEED AP, has joined the Vosler will be responsible Collins Engineers Inc. team for growing and building as Regional Manager of the FRCC’s non-credit workforce Colorado office. Bryant training arm, with particular brings to this position 26 attention to expanding years of significant civil innovative programs like VOSLER engineering experience with Energy Boost, which Vosler expertise in all phases of started in 2008. Energy Boost is a 92-hour program site civil project manage- WALTERS that prepares workers for entry-level jobs in the ment and project design for energy industry. public and private development. Jane Marshall joined the Institute of Business AGRICULTURE and Medical Careers as the new admissions repre- sentative. Marshall’s responsibilities will entail inter- Linda Lewis joined Colorado Corn as a commu- viewing and recommending prospective students nications specialist. Lewis brings over 20 years’ for admission into IBMC pro- experience in business and nine years in public rela- grams of study. tions and marketing for nonprofit organizations. ACCOUNTING GOVERNMENT
Michael Bundy is now Donald J. Mares, executive director Colorado a shareholder in Brock and Department of Labor and Employment, appointed Co. CPAs, PC in Fort Collins. Christine Shapard, founding executive director of With the firm since 1993, the Colorado Cleantech Industry Association, chair Bundy specializes in audit BUNDY of the Green Jobs Colorado Advisory Council. The and accounting services for Advisory Council will work to build a workforce for a variety of industries Colorado’s New Energy Economy through adminis- including construction, dis- tering the Green Jobs Colorado Training program tribution, and manufactur- and coordinating statewide green job efforts. ing. The Fort Collins office also promoted Audra MISCELLANEOUS Meade to the position of senior accountant. Private Ashley Morgan joined Clean N’ Green LLC in Greeley as an executive assistant. Dan HEALTH CARE Urquhart rejoined the Clean N’ Green team as MEADE account manager after a year away. Urquhart will be Rigden Farm Senior developing new opportunities, and focusing on cre- Living community in Fort Collins named Christinia ating and reinforcing relationships in the Northern Murfitt as the new executive director. Murfitt Colorado community. brings more than 10 years’ experience in property operations to the Rigden Farm team. She has a Fort Collins Utilities’ Water Conservation diverse background that includes property manage- Specialist Laurie D’Audney received the Alice ment, and even multi-site retail management. Darilek Water Conservation Award from the Rocky Mountain Section of the American Water Works, Nathan Hunt joined the serving Colorado, New Mexico and Wyoming. The Orthopaedic & Spine Center award recognizes D’Audney as an outstanding con- of the Rockies as a podia- tributor to the water conservation field, including trist caring for patients with her leadership. Since 2006, this award has been foot and ankle conditions given to only one individual per year, making and injuries, including those D’Audney the fifth recipient to receive this honor. who have diabetes-related problems such as recent or Lori Minter, owner of Fish Window Cleaning in chronic wounds. HUNT Fort Collins, received the Navigator Award at the CONSTRUCTION national Fish Window Cleaning convention in St. Louis in July. The award was presented in recogni- tion of her work with prospective franchisees. Robin Dornfest, CPG, who recently joined The Certified Legal Investigator Committee of Geotechnical Services Inc. the National Association of Legal Investigators as a vice president and prin- appointed Dean A. Beers, CLI, as the Region 6 cipal of the company, will Representative. The CLI Committee oversees the manage the new office in integrity, examination, continuing education and Fort Collins. GSI provides ethics of the member Certified Legal Investigators. geotechnical, geologic, and Region 6 includes Idaho, Utah, Montana, Wyoming, environmental engineering, Colorado, New Mexico and Arizona. as well as construction DORNFEST materials testing and drilling services. GSI plans on growing the Fort Collins office in the near future. If you have an item to share about a promotion, Drahota Construction job change or career news of note, has hired William K. “Bill” e-mail it to Noah Guillaume at Glazener as director of [email protected], or mail it to On The operations. Glazener brings Job at NCBR, 141 S. College Ave., Fort Collins, 34 years’ experience in the CO 80524. construction and real estate development indus- tries. Most recently, he was a partner/principal with Brinkman Partners in Fort GLAZENER 18A | Northern Colorado Business Report www.ncbr.com | Sept. 24-Oct. 7, 2010 BRIEFCASE
Outstanding Campus Chapter of the Year. in a hands-on international community project. KUDOS Nonprofit notes Due to the high incidence of breast cancer and Through compostable and recyclable vendor limited access to early detection in rural Goias, The Great Place to Work Institute and products and diligent waste recovery, Bohemian Roche Constructors volunteered time and the Breast Cancer Project is raising money for a Entrepreneur Magazine recognized accounting Nights at NewWestFest diverted 73 percent of service this summer on a library remodel for mobile mammography unit. and business consulting firm Ehrhardt Keefe Park Lane Elementary School in Aurora. Park Steiner & Hottman as one of the 25 Best Medium- waste from the landfill in 2009. In 2010, the festival partnered with Gallegos Sanitation Inc. to divert Lane Elementary was one of 32 schools in the The Larimer County Sheriff’s Department sized Companies to work for in America. The win- 80 percent of waste and recycled/composted over country selected by Target and the Heart of is compiling a Special Needs Registry to assist ners are selected based on a randomly distributed nine tons of materials. America Foundation to have its library remod- disabled individuals or older adults who need employee opinion survey about the organizations’ eled. The $200,000 remodel was made possible help in times of emergency or natural disasters. workplace cultures and a firm culture audit. The Dental Assisting Program at Front through the School Library Makeover Program. The registry will be used by emergency personnel Range Community College earned accreditation and identifies individuals who need assistance The Society of Professional Journalists hon- from the Commission on Dental Accreditation of Rodizio Grill in Fort Collins hosted Brazil Fest for evacuation purposes, or need oxygen or elec- ored Colorado State University for its outstand- the American Dental Association. The program Sept. 4, and donated a portion of the proceeds, tricity for life support. Register by visiting the ing work. Annually, each of SPJ’s 12 regional direc- was granted the accreditation status of “approval over $220, to the Partners of the Americas Larimer County’s Virtual Courthouse website at tors selects one chapter in his or her region that has without reporting requirements,” meaning the pro- Wyoming Chapter Breast Cancer project. The www.larimer.org/apps/specialneeds. If you need performed outstanding service to the Society, their gram “achieves or exceeds the basic requirements Wyoming Chapter of POA has teamed up with assistance to register call United Way at 211 or campus and the journalism profession. From these for accreditation,” according to CODA. Goias, Brazil, to actively involve youth volunteers United Way at 970-407-7066. 12 chapters, one chapter is selected by the Vice President for Campus Chapter Affairs as the Alliant National Title Insurance Co. in Longmont placed 631 on the 2010 Inc. 5,000 List – Inc. Magazine’s annual ranking of the fastest-growing pri- vate companies in America. Alliant National demon- strated a three-year growth rate of 482 percent. NEW PRODUCTS AND SERVICES
U.S. Postal Service shipping services and mail- ing products now available at Office Depot stores includePriority and Express Mail service, Parcel Post service, Delivery Confirmation service, Signature Confirmation service, and regular First Class U.S. postage stamps. In addition, free Priority Mail Flat Rate boxes also are available. Office Depot has loca- tions in Brighton, Greeley, Loveland and two in Fort Collins. NEW LOCATION
Pathways Hospice moved the clinically staffed Windsor office to 1580 Main St., Suite 2, in Windsor.Pathways Hospice provides expert medical and comfort care for individuals navigating the last months of life and support for families, caregivers and those mourning the loss of a loved one.
360 Wellness Solutions has opened in Fort Collins to help small and medium-sized businesses stay financially and physically fit. The company uses a combination of online and on-site surveys and assess- ments to take a “snapshot” of the overall health of the employee population. The assessment data is ana- lyzed and then used to identify both the risks a com- pany faces now and the impact those risks will have on their health-care claims, future absenteeism and more. Call 970-430-5194 for more information. ANNIVERSARIES
The Colorado Foundation for Conductive Education is celebrating its second anniversary by hosting an open house celebration on Oct. 2, from 10 a.m. to 3 p.m. at the center located at 483 N. Denver Ave. in Loveland. The mission of CFCE is to provide opportunities for individuals with motor challenges to achieve optimal physical, cognitive, and social independence through the application and promo- tion of Conductive Education principles. Schedule of Events PROJECTS Thursday, September 23, 6:30pm s 2ANCHWAY &EEDS Mountain States Young Guns Jr. Rodeo The Neenan Co., headquartered in Fort Collins, s 4HE 3UNDANCE is providing integrated architecture and construc- Steakhouse & Saloon Friday, September 24, 7:30pm tion services for the 31,000-square-foot Grand Junction VA Medical Center addition. The project s "OMGAARS -ERCANTILE Roundup at the Fort Extreme Rodeo Challenge includes four operating rooms, two endoscopy s !GLAND Military Night rooms, an intensive care unit with five negative- s 3UPPLY pressure patient rooms, pre-op/post acute care unit s #35 %QUINE #ENTER Saturday, September 25, 7:30pm with eleven bays, nurses station and support & at the Door Roundup at the Fort Extreme Rodeo Challenge spaces. The project is expected to receive patients Breast Cancer Awareness Night in July 2011. If you have an item to share about name changes, new products or business news of note, e-mail it to Noah Guillaume at [email protected], or mail it to Briefcase at NCBR, 141 S. College Ave., Fort Collins, CO 80524. Sept. 24-Oct. 7, 2010 | www.businessreportdaily.com Northern Colorado Business Report | 19A ENERGY & UTILITIES Precision Wind makes moves to Boulder
their eyes set on the Underproduce and the power com- Wind-energy needs bottom line. panies will not only be paying elevated Precision qualifies “One of the major prices on the electricity they need to precise forecasts for problems with wind keep the lights on for their consumers, for rebates energy is when is it they can also be assessed heavy fines. best financial results BOULDER — Precision Wind Inc. has been going to blow and So today the importance of which approved to receive up to $25,000 from the how much energy can way and how hard the wind will blow By Jeff Thomas city of Boulder’s business incentive pro- you derive,” Koepfler has moved way beyond political pundits gram. [email protected] said. “No one has and folk singers and right into the main- KOEPFLER Precision Wind, which specializes in been able to solve this stream of global business. wind-energy forecasting for the renewable BOULDER — If the answer is indeed problem to anyone’s energy sector, can receive the rebates for blowing in the wind, then it may be big Halloran spinoff satisfaction.” sales and use taxes and permit-related fees. news in Boulder that the latest innova- Or, at least to the satisfaction of pub- Precision Wind was spun out of The company plans to expand its Boulder tion in predicting the breeze may come lic utilities, which will need more precise Halloran Energy, a private investment headquarters, increasing the size of its facil- from the private sector. forecasting to get good utilization rates company established by American ity and growing its workforce. “The technology and how we’re from their wind-energy resources. Power Refining Group Inc., in 2008, and is the Precision Wind qualified for the rebates approaching the (wind forecasting) companies are in a bit of a fix there, as only company that Harry Halloran has by agreeing to implement several environ- model is very unique,” said Ed Koepfler, today they need to forecast at least a day ever spun out of any of his companies. mental programs, including Xcel’s On-site the chief executive of Precision Wind in advance, for instance, if they will be An initial focus of the business, then Energy Assessment Program, a zero-waste Inc., which relocated to Boulder from net producers or net users of electrical located in Las Cruces, N.M., was to sell program, the 10 for Change Challenge and New Mexico in early August. energy from the grid. services on where to locate wind farms. committing to an environmental purchasing “We are extremely encouraged by our More so, Koepfler said they need to But wind-energy manufacturers were far policy. initial results,” Koepfler said. be pretty precise in exactly how much too anxious to give away such services “This tax rebate from Boulder will be The reason for relocating would seem energy they will be buying from or sell- and the focus turned to more real-time instrumental for Precision Wind Inc.,” said Ed obvious, given the talented labor force at ing to the 15 independent service opera- forecasting. The 24/7 service that Koepfler, Precision Wind’s chief executive. the federal labs NOAA, NCAR and tors that have to balance the predicted Koepfler envisions will be continually “As a growing startup in the renewable major Colorado universities. But with usage, supply and dependability of sup- feeding information to clients, perhaps energy space, rebates such as these provide wind power becoming more of an eco- ply to their portions of the grid. on a flat rate or, in some circumstances, an excellent opportunity to reduce our nomic resource on a daily basis, this par- “If you overproduce you are basically based on how much money was saved or expenses and recoup costs associated with ticular play didn’t come from the halls of sending electricity into the ground, generated by the superior service. hiring new employees and expanding the academe or government-sponsored because there really isn’t a way to store “The models most of these compa- business at such a crucial time.” research; it came directly from folks with (that amount of) electricity,” he said. See PRECISION, 30A — Jeff Thomas
Looking to save money on energy in your business? Start with lighting upgrades. They’re easy to do, with a fast payback, made even faster with rebates available from Xcel Energy. Get the details by calling our Business Solutions Center at 1-800-481-4700 or visit ResponsibleByNature.com.
© 2010 XCEL ENERGY INC. www.ncbr.com | Sept. 24-Oct. 7, 2010 Sept. 24-Oct. 7, 2010 | www.businessreportdaily.com Northern Colorado Business Report | 21A
President Obama Legislature passes new regulations for Monster oil gusher Jake signs health care July — Consultants find an upscale branded This page sponsored by: medical marijuana, allows state universities fuels new drilling boom reform act. hotel with conference facilities best fit for more flexibility in setting tuition. in Weld County. Colorado Attorney downtown Fort Collins – with public subsidy. Crop Production Services moves First-time homebuyer tax General John 280 corporate employees into January — ECONOMIC FORECAST: Thumbs up for Suthers joins in Ash from Icelandic volcano credit bumps up home Amazon fires all Colorado- disrupts European air traffic. Study by Everitt Real Estate Centerra’s Rangeview office sales for first half of year. residential real estate, agribusiness; thumbs down based affiliates in reaction lawsuit opposing park from Greeley. for commercial real estate, banking. Health care its implementation. Center shows retail shift to to state’s new sales tax Front Range Village mostly from Abound Solar receives gets thumbs sideways for reform uncertainty. Steve Strunk becomes Oil begins gushing into the Gulf rules for online retailers. other Fort Collins businesses, $400 million loan Fort Collins city council tosses out state Banking of Mexico after deep-water Eight other revenue-raising not from other cities. Interchange at Hwy. 392, I- guarantee from DOE. Allegiant Air offers trash districting plan after Waste Commissioner. drilling platform explodes. Steele’s bills signed into law by Gov. 25 receives funding from flights to Phoenix from Management submits low bid. NCBR launches creditors Bill Ritter. BP plans to expand Cedar Brown Publishing takes state; $20 million more Fort Collins/Loveland. 15th finally get “Temple Grandin” Creek Wind Farm east of Chapter 11 bankruptcy, May — Top Brown execs needed for repairs to anniversary CSU partners with September — CU Buffaloes beat CSU Rams paid nine debuts on HBO. March — Jon Turner, Martin Legislature increases Grover. declares $104 million in form new corporation begin March 2011. retrospective Cannon Power group in 82nd Rocky Mountain Showdown, 24-3. years after Lind, Craig Harrison offer amount of electricity debt on assets worth $94 to bid on assets of with a look to complete Maxwell bankruptcy. 5,000 acres for $177 million. to be generated from million, including Boulder bankrupt Brown Consultants study back at the NCBR opposes Ranch wind farm. UQM announces former renewable sources Business Information and Publishing. Greeley post office named in Brown Media cannot fulfill Fort Collins Midtown Internet circa Proposition 101 and Chrysler Corp. COO Eric by 2020 to 30 51 percent of NCBR. honor of W.D. Farr. bid, assets go back to Marilyn Schock becomes CEO Commercial Corridor. Amendments 60 and 61 Ridenour will become 1995. consortium of banks. 2010 of McKee Medical Center percent. on November’s ballot. CEO on Dec. 1. January February March April May June July August September
SOURCE: NCBR ARCHIVES; BUSINESS REPORT RESEARCH Boyd Lake Village Greeley Mall February — New Orleans Saints Spain wins FIFA World goes back to lender June — August — Agilent owner defaults, John Green says beat Indianapolis Colts 31-17 in Loveland Swine flu pandemic April — Weld, Larimer Cup after month of Greece’s sovereign First National Bank Anheuser Busch shows signs of finally foreclosure 2009 trough of Great first Super Bowl appearance, working on closes with three deaths counties testify against new ear-splitting South credit rating in foreclosure. lists 700 acres selling empty begins. Recession; overall most-watched televised Arts Economic from H1N1 virus in ozone testing plan to go into African vuvuzelas. downgraded to of rezoned land OtterBox breaks ground buildings in Loveland. Fort Collins water signs point to jobs sporting event in history. Development Northern Colorado, 69 effect in November. junk. for sale. on new headquarters in board recommends recovery in 2010. Center. statewide. downtown Fort Collins. banning new Don Williams retires development in 100- as Loveland city manager after eight Bank-owners hire Poudre School District year floodplain. puts bond/mill levy years, 24 with the 7.0 magnitude Denver management Winter Olympics held in Erin Toll resigns as question on city. Bill Cahill to earthquake kills company to resurrect Vancouver, British director of the state November ballot. Fort USDA, Justice Dept. take position Nov. 1. nearly a quarter- St. Michael’s Town Columbia, where Canada division of real estate, Collins and Greeley hold workshop on million in Haiti. Square in Greeley. Opposition builds beats USA for hockey receives $55,000 asking for increases livestock industry against Prop. 101, gold. settlement. Save the Poudre coalition asks Northern Colorado for street competition at CSU. Amendments 60, 61. Water Conservation District to cease-and-desist maintenance. 34X bus makes final distributing wildly popular bumper stickers. Colorado unemployment at stop between 8.2 percent. John Green Loveland, Greeley. “Temple Grandin” wins seven Emmys, including Best Picture and Best Actress for Clair Danes. Stu MacMillan takes helm at Pilgrim’s Pride employees headed for predicts employment will Lindsay Gilliland celebrates Giant toymaker Wham-O buys RMII graduate Sprig CSURF real estate office. JBS headquarters in Greeley. pick up in second quarter 10 years with NCBR. Toys, winner of the 2010 Specialty Toy of the Year. 2011.
inline skating rink would sell some management team in 1999,Walnut Capital Colorado boosters caught a bad case. RECOVERY, from 1A Rollerblades, and the three softball fields reinvented itself as Enter Tech in January In January 1999, NCBR reports that could help out the sports-equipment 2000 and hops on the e-commerce band- Larimer County and Fort Collins Area In hindsight, we probably shoulda seen it retailers, but seriously — a boating lake? wagon with the purchase of Shopping Mall Chamber of Commerce President Mike After looking back, NCBR looks to future coming. With tax-increment financing for the guy Online, which links Internet-based com- Hauser have been in talks with owners of who drove the original Castle Rock Outlet merce with storefront locations. two minor-league baseball teams about the Dacono Factory Stores deal into the ditch? By February, Enter Tech stock is trad- possibility of bringing a team “to the new phone number? Just asking for pain, today, thanks — but the need for Did anyone really think that a ride in Ted Decker of Tucson started talking ing at about $4 per share, up from stadium that would be built on the Larimer isn’t it? As an article of faith, we invite accurate reporting and clear and vig- a dog-fighting flight simulator at an out- with Dacono town officials in 1992, and Walnut Capital’s traditional 40 or 50 County Fairgrounds planned along It’s been wild ride it. Why? orous communication won’t. In fact, let store would sell airplanes? Maybe the they went so far as to annex the land at cents. The company exchanges 5 million Interstate 25, north of U.S. Highway 34.” Because somebody has to. as the tide of unexamined informa- the Erie exit off I-25. But the outlet craze shares for 80 percent of Wave Power In August, the Fort Collins DDA rec- on into journalism The toxic combination of total tion rises ever higher, stuffing our had pretty well cooled by January 1996, Corp. of Florida, with plans to build a ommends the Northside Aztlan anonymity plus a global audience has inboxes with spam and our brains and Loveland’s fully occupied shops global digital utility. Say what? Community Center as the site for a sta- in the 21st century spawned legions of semi-professional with unfiltered blog rants, the need weren’t that far up the road from Before the month is out, the company dium for the nonexistent team, now online commenters pushing their agen- for the unbiased observer, the traffic Southwest Weld County. A year later, sues one of its former officers to get back allegedly part of the Rockies’ farm sys- By Kate Hawthorne das aggressively, ruthlessly, rudely and cop at the intersection of Fact and ground hadn’t been broken because 750,000 shares now valued at $2.6 million. tem. “For this to happen, we have to be [email protected] mostly unencumbered by the higher Opinion, grows more critical. Decker couldn’t get a phone installed in In April, Enter Tech gets $10 million playing baseball by 2001,” according to thought process. The relentless bile has Unfortunately, the optimistic assump- the construction trailer — and CDOT from Reservation Foundation Trust in DDA executive director Jay Hardy, who They say that as far as the average THEN…AND NOW driven more thoughtful dialog else- tions of our youth — “good ideas planned to widen I-25. exchange for 6 million shares of stock — is also certain that the city can count on person can tell, history begins with his Kate Hawthorne where. We’re still trying to locate it, always drive out bad” and “informa- Then in 2000 the pesky Arizona provided the merger with Wave Power the support of Rockies co-owner Jerry or her birth. If we don’t see it with our exactly, but that’s our role in this 21st- tion wants to be free”— could be Corporation Commission decided to Corp. is completed. McMorris, a resident of Timnath. own eyes — and sometimes even if we century democracy. headed for a massive pileup in the bring charges of unregistered securities Enter Tech is still going full speed NCBR urges local leaders to work to do — there’s always the faint possibility good, we’ll get all the corners and middle of Reality and Economics. What’s up next dealing against Decker and his Oxford ahead in June, when it signs a letter of bring baseball to town. However, no that maybe an event didn’t happen the straight edges linked up for historians Played our part All we can do is keep our eyes on the Development Corp., and the lawsuits intent to acquire 80 percent of Northern Colorado community com- way we heard it, or at all. who have the luxury of time to assem- For the past 15 years, the Northern road and hands on the wheel and hope ble the entire jigsaw, eventually. Oct. 8 Where we go from here from investors started piling up. AdSynchronous.com of California for pletes the necessary paperwork by the On one end of the spectrum of dis- Colorado Business Report has played its we have enough creative gas in the tank By June 2001, about $83 million has 2.1 million shares of stock — valued at Nov. 15 deadline. belief are things like your mom ever On a daily basis, we are navigators, part by bringing useful, entertaining, to detour around it. Because we would Previously published anniversary stories: flowed into the project, the developers has $3.9 million — and MallClix of Florida In December, Windsor developer looking good in a miniskirt and go-go attempting to triangulate the truth that in-depth and sometimes hard-hitting be missed if we quit doing what we do NoCo on the Net 1995-96 been ordered to pay about $22 million in for 450,000 shares. Martin Lind steps up to the plate with “a boots, no matter what your dad tells exists in the spaces shared by different news and information to the business the very best way we know how, even if Labor and Employment 1997 restitution, and nobody expected to see a But then RFT decides 6 million shares proposal that could have a new stadium you. On the other end are those who points of view. We try to chart a course community in Larimer and Weld coun- we say so ourselves. Commercial Growth 1998 dime. The undeveloped land went into are worth only $600,000 rather than $10 approved and built within the next year deny the moon landing or the to what really happened by following a ties. At times it seemed there would be But wherever the Business Report and Tech Bust 1999 foreclosure and the four defendants faced million. On July 19, Enter Tech fails to — a timetable Fort Collins cannot hope Holocaust really happened, no matter trail of breadcrumb-facts, using what no limit to the growth of either the its hard-working, dedicated, fiercely Ag Challenges 2000 criminal charges in Arizona in 2003. pay its 19 employees. By October, Enter to match.” how much documentation is presented. skills we have to sort them from crum- region or the newspaper; at others, it devoted staff wind up practicing their Transporation 2001 Tech shares are worth about 28 cents. In Major League Baseball targets 2001 And somewhere in the middle is my factoids. As business journalists, we seemed we were all on a fool’s errand, craft in the next 15 years, it will have Security 2002 Enter Tech November, when the shares hit 19 cents, for a Rocky Mountain rookie league. where journalists live. The best of us are also follow the money, sometimes find- slogging through one economic down- been my privilege and honor to have Health Care Competition 2003 It was supposed to be different in the Enter Tech announces it will return to its Cheyenne, Laramie, Greeley and natural-born skeptics, always trying to ing unexpected answers to the question turn after another and never quite com- shared part of the wild ride into the Brewing 2004 New E-Commerce Economy, and for a original digital kiosk plan. Windsor all vie for a team. look behind the curtain just because we always ask: “cui bono?” ing together to achieve the regional new millennium. Icons/10 Years 2005 while, it seemed like it was. And maybe the By June 2002, the No. 10 top public In 2002, the Rockies’ Pioneer League someone told us not to. But most of us And we work out there on the wire potential NCBR’s founders and editorial Education/Tech Transfer 2006 websites targeted to the agricultural mar- company in the region has no revenues. Casper Ghosts begin playing in Mike are willing to believe that the truth is in front of an uncertain audience. How writers have encouraged since the Kate Hawthorne has been editor of the New Energy/Economy 2007 ket would have been more successful if Lansing Field, funded by and named for out there, somewhere. It may not be many of you would be willing to put beginning. Northern Colorado Business Report Meltdown 2008 Northern Colorado farms and ranches had Baseball Wyoming native Lansing, who played sec- our job to put all the pieces together to your name on everything you do during Newspapers may eventually go the since March 2008. She has read every New Frontier 2009 had access to the Internet back in 1999. The former Time Zone Without a ond base for the Rockies for three years. solve the ultimate puzzle, but it is our an average work week, then present it way of buggy whips and vacuum issue ever printed for this anniversary The meteoric rise and resounding crash Team snagged the Colorado Rockies in McMorris sold his ownership stake to job to make sure we uncover as many of for public scrutiny? Would you be will- tubes — heck, this print newspaper project and may never compile another Read these stories and view the timeline at of the dot-coms was almost perfectly repli- 1993, and Coors Field opened in 1995, the the Monfort brothers of Greeley in 2005, those pieces as we can. If we’re really ing to add your e-mail address and may disappear someday, just not timeline as long as she lives. www.NCBR.com. cated in the story of a little Loveland-based year NCBR began publishing. Baseball so in a very roundabout way, baseball has company.After the resignation of its entire fever was in the air, and Northern come to Northern Colorado after all. www.ncbr.com | Sept. 24-Oct. 7, 2010 Sept. 24-Oct. 7, 2010 | www.businessreportdaily.com Northern Colorado Business Report | 21A
President Obama Legislature passes new regulations for Monster oil gusher Jake signs health care July — Consultants find an upscale branded This page sponsored by: medical marijuana, allows state universities fuels new drilling boom reform act. hotel with conference facilities best fit for more flexibility in setting tuition. in Weld County. Colorado Attorney downtown Fort Collins – with public subsidy. Crop Production Services moves First-time homebuyer tax General John 280 corporate employees into January — ECONOMIC FORECAST: Thumbs up for Suthers joins in Ash from Icelandic volcano credit bumps up home Amazon fires all Colorado- disrupts European air traffic. Study by Everitt Real Estate Centerra’s Rangeview office sales for first half of year. residential real estate, agribusiness; thumbs down based affiliates in reaction lawsuit opposing park from Greeley. for commercial real estate, banking. Health care its implementation. Center shows retail shift to to state’s new sales tax Front Range Village mostly from Abound Solar receives gets thumbs sideways for reform uncertainty. Steve Strunk becomes Oil begins gushing into the Gulf rules for online retailers. other Fort Collins businesses, $400 million loan Fort Collins city council tosses out state Banking of Mexico after deep-water Eight other revenue-raising not from other cities. Interchange at Hwy. 392, I- guarantee from DOE. Allegiant Air offers trash districting plan after Waste Commissioner. drilling platform explodes. Steele’s bills signed into law by Gov. 25 receives funding from flights to Phoenix from Management submits low bid. NCBR launches creditors Bill Ritter. BP plans to expand Cedar Brown Publishing takes state; $20 million more Fort Collins/Loveland. 15th finally get “Temple Grandin” Creek Wind Farm east of Chapter 11 bankruptcy, May — Top Brown execs needed for repairs to anniversary CSU partners with September — CU Buffaloes beat CSU Rams paid nine debuts on HBO. March — Jon Turner, Martin Legislature increases Grover. declares $104 million in form new corporation begin March 2011. retrospective Cannon Power group in 82nd Rocky Mountain Showdown, 24-3. years after Lind, Craig Harrison offer amount of electricity debt on assets worth $94 to bid on assets of with a look to complete Maxwell bankruptcy. 5,000 acres for $177 million. to be generated from million, including Boulder bankrupt Brown Consultants study back at the NCBR opposes Ranch wind farm. UQM announces former renewable sources Business Information and Publishing. Greeley post office named in Brown Media cannot fulfill Fort Collins Midtown Internet circa Proposition 101 and Chrysler Corp. COO Eric by 2020 to 30 51 percent of NCBR. honor of W.D. Farr. bid, assets go back to Marilyn Schock becomes CEO Commercial Corridor. Amendments 60 and 61 Ridenour will become 1995. consortium of banks. 2010 of McKee Medical Center percent. on November’s ballot. CEO on Dec. 1. January February March April May June July August September
SOURCE: NCBR ARCHIVES; BUSINESS REPORT RESEARCH Boyd Lake Village Greeley Mall February — New Orleans Saints Spain wins FIFA World goes back to lender June — August — Agilent owner defaults, John Green says beat Indianapolis Colts 31-17 in Loveland Swine flu pandemic April — Weld, Larimer Cup after month of Greece’s sovereign First National Bank Anheuser Busch shows signs of finally foreclosure 2009 trough of Great first Super Bowl appearance, working on closes with three deaths counties testify against new ear-splitting South credit rating in foreclosure. lists 700 acres selling empty begins. Recession; overall most-watched televised Arts Economic from H1N1 virus in ozone testing plan to go into African vuvuzelas. downgraded to of rezoned land OtterBox breaks ground buildings in Loveland. Fort Collins water signs point to jobs sporting event in history. Development Northern Colorado, 69 effect in November. junk. for sale. on new headquarters in board recommends recovery in 2010. Center. statewide. downtown Fort Collins. banning new Don Williams retires development in 100- as Loveland city manager after eight Bank-owners hire Poudre School District year floodplain. puts bond/mill levy years, 24 with the 7.0 magnitude Denver management Winter Olympics held in Erin Toll resigns as question on city. Bill Cahill to earthquake kills company to resurrect Vancouver, British director of the state November ballot. Fort USDA, Justice Dept. take position Nov. 1. nearly a quarter- St. Michael’s Town Columbia, where Canada division of real estate, Collins and Greeley hold workshop on million in Haiti. Square in Greeley. Opposition builds beats USA for hockey receives $55,000 asking for increases livestock industry against Prop. 101, gold. settlement. Save the Poudre coalition asks Northern Colorado for street competition at CSU. Amendments 60, 61. Water Conservation District to cease-and-desist maintenance. 34X bus makes final distributing wildly popular bumper stickers. Colorado unemployment at stop between 8.2 percent. John Green Loveland, Greeley. “Temple Grandin” wins seven Emmys, including Best Picture and Best Actress for Clair Danes. Stu MacMillan takes helm at Pilgrim’s Pride employees headed for predicts employment will Lindsay Gilliland celebrates Giant toymaker Wham-O buys RMII graduate Sprig CSURF real estate office. JBS headquarters in Greeley. pick up in second quarter 10 years with NCBR. Toys, winner of the 2010 Specialty Toy of the Year. 2011.
inline skating rink would sell some management team in 1999,Walnut Capital Colorado boosters caught a bad case. RECOVERY, from 1A Rollerblades, and the three softball fields reinvented itself as Enter Tech in January In January 1999, NCBR reports that could help out the sports-equipment 2000 and hops on the e-commerce band- Larimer County and Fort Collins Area In hindsight, we probably shoulda seen it retailers, but seriously — a boating lake? wagon with the purchase of Shopping Mall Chamber of Commerce President Mike After looking back, NCBR looks to future coming. With tax-increment financing for the guy Online, which links Internet-based com- Hauser have been in talks with owners of who drove the original Castle Rock Outlet merce with storefront locations. two minor-league baseball teams about the Dacono Factory Stores deal into the ditch? By February, Enter Tech stock is trad- possibility of bringing a team “to the new phone number? Just asking for pain, today, thanks — but the need for Did anyone really think that a ride in Ted Decker of Tucson started talking ing at about $4 per share, up from stadium that would be built on the Larimer isn’t it? As an article of faith, we invite accurate reporting and clear and vig- a dog-fighting flight simulator at an out- with Dacono town officials in 1992, and Walnut Capital’s traditional 40 or 50 County Fairgrounds planned along It’s been wild ride it. Why? orous communication won’t. In fact, let store would sell airplanes? Maybe the they went so far as to annex the land at cents. The company exchanges 5 million Interstate 25, north of U.S. Highway 34.” Because somebody has to. as the tide of unexamined informa- the Erie exit off I-25. But the outlet craze shares for 80 percent of Wave Power In August, the Fort Collins DDA rec- on into journalism The toxic combination of total tion rises ever higher, stuffing our had pretty well cooled by January 1996, Corp. of Florida, with plans to build a ommends the Northside Aztlan anonymity plus a global audience has inboxes with spam and our brains and Loveland’s fully occupied shops global digital utility. Say what? Community Center as the site for a sta- in the 21st century spawned legions of semi-professional with unfiltered blog rants, the need weren’t that far up the road from Before the month is out, the company dium for the nonexistent team, now online commenters pushing their agen- for the unbiased observer, the traffic Southwest Weld County. A year later, sues one of its former officers to get back allegedly part of the Rockies’ farm sys- By Kate Hawthorne das aggressively, ruthlessly, rudely and cop at the intersection of Fact and ground hadn’t been broken because 750,000 shares now valued at $2.6 million. tem. “For this to happen, we have to be [email protected] mostly unencumbered by the higher Opinion, grows more critical. Decker couldn’t get a phone installed in In April, Enter Tech gets $10 million playing baseball by 2001,” according to thought process. The relentless bile has Unfortunately, the optimistic assump- the construction trailer — and CDOT from Reservation Foundation Trust in DDA executive director Jay Hardy, who They say that as far as the average THEN…AND NOW driven more thoughtful dialog else- tions of our youth — “good ideas planned to widen I-25. exchange for 6 million shares of stock — is also certain that the city can count on person can tell, history begins with his Kate Hawthorne where. We’re still trying to locate it, always drive out bad” and “informa- Then in 2000 the pesky Arizona provided the merger with Wave Power the support of Rockies co-owner Jerry or her birth. If we don’t see it with our exactly, but that’s our role in this 21st- tion wants to be free”— could be Corporation Commission decided to Corp. is completed. McMorris, a resident of Timnath. own eyes — and sometimes even if we century democracy. headed for a massive pileup in the bring charges of unregistered securities Enter Tech is still going full speed NCBR urges local leaders to work to do — there’s always the faint possibility good, we’ll get all the corners and middle of Reality and Economics. What’s up next dealing against Decker and his Oxford ahead in June, when it signs a letter of bring baseball to town. However, no that maybe an event didn’t happen the straight edges linked up for historians Played our part All we can do is keep our eyes on the Development Corp., and the lawsuits intent to acquire 80 percent of Northern Colorado community com- way we heard it, or at all. who have the luxury of time to assem- For the past 15 years, the Northern road and hands on the wheel and hope ble the entire jigsaw, eventually. Oct. 8 Where we go from here from investors started piling up. AdSynchronous.com of California for pletes the necessary paperwork by the On one end of the spectrum of dis- Colorado Business Report has played its we have enough creative gas in the tank By June 2001, about $83 million has 2.1 million shares of stock — valued at Nov. 15 deadline. belief are things like your mom ever On a daily basis, we are navigators, part by bringing useful, entertaining, to detour around it. Because we would Previously published anniversary stories: flowed into the project, the developers has $3.9 million — and MallClix of Florida In December, Windsor developer looking good in a miniskirt and go-go attempting to triangulate the truth that in-depth and sometimes hard-hitting be missed if we quit doing what we do NoCo on the Net 1995-96 been ordered to pay about $22 million in for 450,000 shares. Martin Lind steps up to the plate with “a boots, no matter what your dad tells exists in the spaces shared by different news and information to the business the very best way we know how, even if Labor and Employment 1997 restitution, and nobody expected to see a But then RFT decides 6 million shares proposal that could have a new stadium you. On the other end are those who points of view. We try to chart a course community in Larimer and Weld coun- we say so ourselves. Commercial Growth 1998 dime. The undeveloped land went into are worth only $600,000 rather than $10 approved and built within the next year deny the moon landing or the to what really happened by following a ties. At times it seemed there would be But wherever the Business Report and Tech Bust 1999 foreclosure and the four defendants faced million. On July 19, Enter Tech fails to — a timetable Fort Collins cannot hope Holocaust really happened, no matter trail of breadcrumb-facts, using what no limit to the growth of either the its hard-working, dedicated, fiercely Ag Challenges 2000 criminal charges in Arizona in 2003. pay its 19 employees. By October, Enter to match.” how much documentation is presented. skills we have to sort them from crum- region or the newspaper; at others, it devoted staff wind up practicing their Transporation 2001 Tech shares are worth about 28 cents. In Major League Baseball targets 2001 And somewhere in the middle is my factoids. As business journalists, we seemed we were all on a fool’s errand, craft in the next 15 years, it will have Security 2002 Enter Tech November, when the shares hit 19 cents, for a Rocky Mountain rookie league. where journalists live. The best of us are also follow the money, sometimes find- slogging through one economic down- been my privilege and honor to have Health Care Competition 2003 It was supposed to be different in the Enter Tech announces it will return to its Cheyenne, Laramie, Greeley and natural-born skeptics, always trying to ing unexpected answers to the question turn after another and never quite com- shared part of the wild ride into the Brewing 2004 New E-Commerce Economy, and for a original digital kiosk plan. Windsor all vie for a team. look behind the curtain just because we always ask: “cui bono?” ing together to achieve the regional new millennium. Icons/10 Years 2005 while, it seemed like it was. And maybe the By June 2002, the No. 10 top public In 2002, the Rockies’ Pioneer League someone told us not to. But most of us And we work out there on the wire potential NCBR’s founders and editorial Education/Tech Transfer 2006 websites targeted to the agricultural mar- company in the region has no revenues. Casper Ghosts begin playing in Mike are willing to believe that the truth is in front of an uncertain audience. How writers have encouraged since the Kate Hawthorne has been editor of the New Energy/Economy 2007 ket would have been more successful if Lansing Field, funded by and named for out there, somewhere. It may not be many of you would be willing to put beginning. Northern Colorado Business Report Meltdown 2008 Northern Colorado farms and ranches had Baseball Wyoming native Lansing, who played sec- our job to put all the pieces together to your name on everything you do during Newspapers may eventually go the since March 2008. She has read every New Frontier 2009 had access to the Internet back in 1999. The former Time Zone Without a ond base for the Rockies for three years. solve the ultimate puzzle, but it is our an average work week, then present it way of buggy whips and vacuum issue ever printed for this anniversary The meteoric rise and resounding crash Team snagged the Colorado Rockies in McMorris sold his ownership stake to job to make sure we uncover as many of for public scrutiny? Would you be will- tubes — heck, this print newspaper project and may never compile another Read these stories and view the timeline at of the dot-coms was almost perfectly repli- 1993, and Coors Field opened in 1995, the the Monfort brothers of Greeley in 2005, those pieces as we can. If we’re really ing to add your e-mail address and may disappear someday, just not timeline as long as she lives. www.NCBR.com. cated in the story of a little Loveland-based year NCBR began publishing. Baseball so in a very roundabout way, baseball has company.After the resignation of its entire fever was in the air, and Northern come to Northern Colorado after all. 22A | Northern Colorado Business Report www.ncbr.com | Sept. 24-Oct. 7, 2010 Landfill enterprises look for big haul
Waste Department. Gillette, a 29-year extra steps to bring materials to recy- to make the new generator worth- Businesses explore veteran in the garbage business, said cling centers. But few companies are while to run. The project is currently that up to 40 percent of the county going to spend time and money dissect- collecting methane from 90 of its total new ways to divert, landfill is still paper fiber that would be ing their waste stream unless it helps 170 acres, but it needs to add another easy to recycle but isn’t, for whatever 15 acres to build the supply neces- reduce trash intake reason. So, despite local initiatives to sary to operate the power plant. increase recycling and divert materials Gillette said the West’s dry condi- During the last decade, the annual from the landfill, we’ve still got a ways tions makes it harder to collect haul at the Larimer County landfill has to go. enough methane, a problem that decreased by more than 30 percent, One local startup, GreenStream, “People don’t really doesn’t exist on the East Coast partly because of the recycling and based in Fort Collins, is dedicated where more methane-capture oper- reuse efforts of solely to the purpose of better sorting know what the value ations exist and much of the local citizens. through our garbage and managing research on their success has been Loveland recycles commercial waste. Since opening this to their business is.” done. half of its residen- past year, owner Rich Modesti said Until the power plant is run- tial waste, and Green Stream has attracted clients — ning, Timberline and the county Fort Collins is “solid-waste amateurs” — that pro- Rich Modesti, owner are flaring the collected methane pushing for a sim- duce a considerable amount of solid since that minimizes the pollution ilar target. The waste but don’t quite know how to Green Stream potential of the gas. Eventually, the drop in buried sort waste in an efficient and afford- 1.4-megawatt facility will produce trash (from more able way. power for about 900 homes within than 1 million GREEN Green Stream offers services to the service area of the Poudre cubic yards to consult with businesses, and it also Valley Rural Electric Association. about 700,000 BUSINESS dives deeper into the pile, managing The plant will also remove methane annually) is Joshua Zaffos recycling and trash diversion for com- pollution from the air, equivalent impressive, but it’s panies and providing reports to show their bottom line, regardless of the to taking 7,500 cars off the road also due to a few more factors than our the impacts of those efforts. Clients cheery, green spin. Modesti said there’s annually. Timberline is now exploring 21st-century environmental enlighten- have emerged from up and down the room for more progress, especially for a similar project at the Waste ment. Front Range so far, Modesti said, major waste producers, but most com- Connections landfill in Erie, which is In reality, the recession and the crash although he acknowledged that drum- panies and individuals still don’t closely one of seven disposal sites in Weld of the regional housing market are ming up business as a waste-stream consider trash habits. County. probably having a greater impact on consultant has been tricky. Methane capture doesn’t have any local garbage numbers than individuals “People don’t really know what the Rethinking garbage direct impact on the capacity or size separating out glass, aluminum and value to their business is,” Modesti said. Rethinking and repurposing garbage of a landfill, but the projects help paper, according to Stephen Gillette, Homes and businesses already pay is at the center of a different sort of local people look at trash in a new director of the Larimer County Solid for sanitation services and some take project at the Larimer County landfill. way. Then again, there is one more A year ago, the county agreed to a deal significant cause to the decline in with Timberline Energy that allowed garbage at the Larimer County dump. the company to build and operate a Local trash haulers are choosing to power plant that will run on methane drive their garbage to landfills in Weld gas collected at the landfill. County or elsewhere because they Methane builds up at all garbage offer cheaper rates, according to sites as various elements break down, Gillette. He estimated that as much as and the gas can be lethal. It is 21 half of Larimer County’s garbage goes Serving Everywhere the Wind Blows times more potent as a greenhouse outside the county. gas than carbon dioxide, so using The practice isn’t by any means methane for fuel instead of just let- illegal, but it does inflate our sense of ting it leak into the environment righteousness over our reduced trash helps offset climate change. The bene- output. As landfill managers know fits helped secure $230,000 in funding better than anyone, throwing some- from the Colorado Carbon Fund, a thing away — from our homes, our state program that purchases carbon offices, or our county borders — credits meant to cancel out or forego doesn’t mean it really goes away. the use of fossil-fuel energy. Timberline has committed to Joshua Zaffos is a freelance journalist invest $3 million in the project, but based in Northern Colorado who covers Complete Wind Energy Services - from Concept to Commissioning there’s one major catch so far: The environmental issues for the Business site isn’t producing enough methane Report. Contact him at [email protected].
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*Sourceameta-reviewof42publishedstudiesofworksitehealthpromotionprograms.www.ceridian.comAccessed9/15/2009.LifeandDisabilityproductsunderwrittenbyAnthemLife InsuranceCompany.AnthemBlueCrossandBlueShieldisthetradenameof:InColoradoandNevada:RockyMountainHospitalandMedicalService,Inc.InConnecticut:AnthemHealth Plans,Inc.InIndiana:AnthemInsuranceCompanies,Inc.InKentucky:AnthemHealthPlansofKentucky,Inc.InMaine:AnthemHealthPlansofMaine,Inc.InMissouri(excluding30counties intheKansasCityarea):RightCHOICE®ManagedCare,Inc.(RIT),HealthyAlliance®LifeInsuranceCompany(HALIC),andHMOMissouri,Inc.RITandcertainaffiliatesadministernon- HMObenefitsunderwrittenbyHALICandHMObenefitsunderwrittenbyHMOMissouri,Inc.RITandcertainaffiliatesonlyprovideadministrativeservicesforself-fundedplansanddonot underwritebenefits.InNewHampshire:AnthemHealthPlansofNewHampshire,Inc.InOhio:CommunityInsuranceCompany.InVirginia:AnthemHealthPlansofVirginia,Inc.tradesasAnthem BlueCrossandBlueShieldinVirginia,anditsserviceareaisallofVirginiaexceptfortheCityofFairfax,theTownofVienna,andtheareaeastofStateRoute123.InWisconsin:BlueCrossBlue ShieldofWisconsin(“BCBSWi”),whichunderwritesoradministersthePPOandindemnitypolicies;CompcareHealthServicesInsuranceCorporation(“Compcare”),whichunderwritesor administerstheHMOpolicies;andCompcareandBCBSWicollectively,whichunderwriteoradministerthePOSpolicies.IndependentlicenseesoftheBlueCrossandBlueShieldAssociation. ®ANTHEMisaregisteredtrademarkofAnthemInsuranceCompanies,Inc.TheBlueCrossandBlueShieldnamesandsymbolsareregisteredmarksoftheBlueCrossandBlueShieldAssociation. 24A | Northern Colorado Business Report www.ncbr.com | Sept. 24-Oct. 7, 2010 Largest Oil-Production Companies Ranked by oil production
COMPANY PERSON IN CHARGE ADDRESS OIL PRODUCTION STB 2009 GAS PRODUCTION MCF 2009 WATER PRODUCTION BOE 2009 E-MAIL TITLE OF PERSON IN CHARGE RANK PREV RANK PHONE/FAX OIL PRODUCTION STB 2008 GAS PRODUCTION MCF 2008 WATER PRODUCTION BOE 2008 WEB SITE YEAR FOUNDED NOBLE ENERGY INC. 1625 Broadway, Suite 2000 5,996,592 69,283,228 1,162,592 [email protected] Charles D. Davidson 2 Denver, CO 80202 3,273,231 38,688,056 12,229,274 www.nobleenergyinc.com CEO, Chairman, President 1 303-389-3600/303-595-7403 2000 KERR-MCGEE OIL & GAS ONSHORE LP P.O. Box 173779 5,617,335 74,487,429 1,052,523 N/A James T. Hackett 1 Denver, CO 80217 4,173,305 65,471,922 1,180,420 www.anadarko.com CEO, Chairman, President 2 720-929-6000/720-929-7461 1983 PDC ENERGY B 103 E. Main St. 1,553,179 11,828,181 130,540 [email protected] Richard W. McCullough 4 Bridgeport, WV 26330 1,130,800 8,283,589 121,137 www.petd.com Chairman, CEO 3 304-842-6256/304-842-0913 1969 PETRO-CANADA RESOURCES INC. 1099 18th St., Suite 400 1,501,633 11,724,549 902,264 N/A Ron A. Brenneman 3 Denver, CO 80202 1,181,288 8,697,848 288,427 www.petro-canada.ca CEO, President 4 303-297-2300/303-297-7708 N/A ENCANA OIL & GAS (USA) INC. 1313 Denver Ave., Bldg. 1 900,191 19,269,588 401,374 N/A Randy Eresman 5 Fort Lupton, CO 80621 901,849 19,659,707 490,540 www.encana.com CEO, President 5 303-659-7740/303-857-1259 2002 MERIT ENERGY CO. 13727 Noel Road, Suite 500 333,630 5,344,860 93,317 [email protected] Terry Gottberg 7 Dallas, TX 75240 423,721 6,230,843 138,507 www.meritenergy.com President 6 972-701-8377/972-960-1252 1989 K P KAUFFMAN CO. INC. 1675 Broadway, Suite 2800 243,768 1,520,506 140,969 [email protected] Kevin P. Kauffman 10 Denver, CO 80202 231,696 1,483,447 159,636 www.kpk.com CEO, Chairman, President 7 303-825-4822/303-825-4825 1982 GREAT WESTERN OIL & GAS CO. LLC 1700 Broadway, Suite 1170 237,342 910,842 15,894 [email protected] Keith Kress 8 Denver, CO 80290 276,089 919,507 25,819 www.gwogco.com President 8 303-398-0356/866-742-1787 2005 UNIOIL C Richard W. McCullough 1775 Sherman St., Suite 3000 231,509 2,599,601 33,933 [email protected] Chairman, CEO 9 Denver, CO 80203 267,650 2,904,514 53,457 www.petd.com 9 303-860-5800/303-860-5838 2007 D BONANZA CREEK OPERATING CO. LLC 116 Inverness Drive East, Suite 270 208,216 899,305 67,429 [email protected] Frank H. Bennett 11 Englewood, CO 80112 128,385 519,648 28,940 www.bonanzacrk.com Chairman, Owner 10 720-279-2330/720-279-2331 N/A DIVERSIFIED OPERATING CORP. 15000 W. Sixth Ave., Suite 102 103,855 385,720 89,844 [email protected] Terry Cammon NR Golden, CO 80401 112,029 431,755 105,614 www.doccolo.com Owner, President 11 303-384-9611/303-384-9612 1985 MINERAL RESOURCES INC. 3109 35th Ave. Suite B101 93,237 1,741,068 14,770 [email protected] Collin Richardson NR Greeley, CO 80634 89,763 1,418,853 9,195 www.mineralresourcesinc.com Land manager 12 970-352-9446/970-339-8321 N/A Region surveyed consists of Larimer and Weld counties. Based upon responses to Business Report survey researched by Ross Manley Source: Colorado Oil and Gas Conservation Commission. To be considered for future lists, e-mail [email protected] STB = Stock Tank Barrels, 42 U.S. gallons liquid volume. MCF = 1,000 standard cubic feet metric. BOE = Barrels of Oil Equivalent. N/A-Not Available NR-Not Previously Ranked B Formerly Petroleum Development Corp. C Subsidiary of PDC Energy D Acquired by PDC Energy in 2007.
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www.KingSurveyors.com www.pvrea.com 970.686.5011 Sept. 24-Oct. 7, 2010 | www.businessreportdaily.com Northern Colorado Business Report | 25A Largest Natural-Gas-Production Companies Ranked by gas production GAS PRODUCTION MCF COMPANY 2009 PERSON IN CHARGE ADDRESS GAS PRODUCTION MCF OIL PRODUCTION STB 2009 WATER PRODUCTION BBL 2009 E-MAIL TITLE OF PERSON IN CHARGE RANK PREV RANK PHONE/FAX 2008 OIL PRODUCTION STB 2008 WATER PRODUCTION BBL 2008 WEB SITE YEAR FOUNDED KERR-MCGEE OIL & GAS ONSHORE LP P.O. Box 173779 74,487,429 5,617,335 1,052,523 N/A James T. Hackett 1 Denver, CO 80217 65,471,922 4,173,305 1,180,420 www.anadarko.com CEO, Chairman, President 1 720-929-6000/720-929-7461 1983 NOBLE ENERGY INC. 1625 Broadway, Suite 2000 69,283,228 5,996,592 1,162,592 [email protected] Charles D. Davidson 2 Denver, CO 80202 38,688,056 3,273,231 12,229,274 www.nobleenergyinc.com CEO, Chairman, President 2 303-389-3600/303-595-7403 2000 ENCANA OIL & GAS (USA) INC. 1313 Denver Ave., Bldg. 1 19,269,588 900,191 401,374 N/A Randy Eresman 3 Fort Lupton, CO 80621 19,659,707 901,849 490,540 www.encana.com CEO, President 3 303-659-7740/303-857-1259 2002 PDC ENERGY B 103 E. Main St. 11,828,181 1,553,179 130,540 [email protected] Richard W. McCullough 5 Bridgeport, WV 26330 8,283,589 1,130,800 121,137 www.petd.com Chairman, CEO 4 304-842-6256/304-842-0913 1969 PETRO-CANADA RESOURCES INC. 1099 18th St., Suite 400 11,724,549 1,501,633 902,264 N/A Ron A. Brenneman 4 Denver, CO 80202 8,697,848 1,181,288 288,427 www.petro-canada.ca CEO, President 5 303-297-2300/303-297-7708 N/A MERIT ENERGY CO. 13727 Noel Road, Suite 500 5,344,860 333,630 93,317 [email protected] Terry Gottberg 6 Dallas, TX 75240 6,230,843 423,721 138,507 www.meritenergy.com President 6 972-701-8377/972-960-1252 1989 UNIOIL C Richard W. McCullough 1775 Sherman St., Suite 3000 2,599,601 231,509 33,933 [email protected] Chairman, CEO 7 Denver, CO 80203 2,904,514 267,650 53,457 www.petd.com 7 303-860-5800/303-860-5838 2007 D MINERAL RESOURCES INC. 3109 35th Ave. Suite B101 1,741,068 93,237 14,770 [email protected] Collin Richardson 10 Greeley, CO 80634 1,418,853 89,763 9,195 www.mineralresourcesinc.com Land manager 8 970-352-9446/970-339-8321 N/A K P KAUFFMAN CO. INC. 1675 Broadway, Suite 2800 1,520,506 243,768 140,969 [email protected] Kevin P. Kauffman 9 Denver, CO 80202 1,483,447 231,696 159,636 www.kpk.com CEO, Chairman, President 9 303-825-4822/303-825-4825 1982 COLTON LLC 621 17th St. 911,575 38,729 2,329 [email protected] Thomas Metzger NR Denver, CO 80293 1,198,994 50,599 3,252 N/A President 10 303-298-1567/303-298-8022 2000 GREAT WESTERN OIL & GAS CO. LLC 1700 Broadway, Suite 1170 910,842 237,342 15,894 [email protected] Keith Kress 12 Denver, CO 80290 919,507 276,089 25,819 www.gwogco.com President 11 303-398-0356/866-742-1787 2005 BONANZA CREEK OPERATING CO. LLC 116 Inverness Drive East, Suite 270 899,305 208,216 67,429 [email protected] Frank H. Bennett NR Englewood, CO 80112 519,648 128,385 28,940 www.bonanzacrk.com Chairman, Owner 12 720-279-2330/720-279-2331 N/A Region surveyed is Larimer and Weld counties. Based upon responses to Business Report survey researched by Ross Manley Source: Colorado Oil and Gas Conservation Commission. To be considered for future lists, e-mail [email protected] Production is in MCF, 1,000 standard cubic feet metric. STB = Stock Tank Barrels, 42 U.S. gallons liquid volume. BBL = Barrels N/A-Not Available NR-Not Previously Ranked B Formerly Petroleum Development Corp. C Subsidiary of PDC Energy D Acquired by PDC Energy in 2007. 26A | Northern Colorado Business Report www.ncbr.com | Sept. 24-Oct. 7, 2010 BUSINESS LITERATURE Deep thoughts nearly impossible on the Web
can’t do it. You never finish more than a operates, and in his new book, “The The Internet, Insidious effects few paragraphs before the words start Shallows: What the Internet is Doing to says Carr, is a tool swimming in front of your eyes. Our Brains” he explains what that and, like most outlined in mostly It’s not a boring report; in fact, you means for our future. tools, it changes normally find these things very interest- This morning, when you booted up the way society off-subject tome ing. So what gives? You don’t have any your computer to check e-mail, chances works. If you don’t problem reading your newspaper, a are that wasn’t all you did. Admit it: You believe it, imagine By Terri Schlichenmeyer magazine, or an article online. checked last night’s score, your horo- what life was like [email protected] And maybe that’s from where your scope, the headlines and stock prices. before Gutenberg newly developed trouble springs. The You bank, research, shop, renew, revolutionized You’ve tried three times to finish Internet, says author Nicholas Carr, has upgrade and network online. And printing or Ford reading that report today, and you just stealthily changed the way your brain you’ve been doing it for years. improved manu- BOOKS facturing. Imagine “The Shallows: what it was like What the Internet just a hundred is Doing to Our years ago without Brains” by Nicholas TV, cell phones, Carr fast travel and, yes, 2010, W.W. Norton & the Internet. Co., $26.95 / $33.50 Science has Canada proven that when humans use tools, our brains adapt to the tool itself. If you repeatedly pick up a gadget, for instance, your brain eventually sees it as an extension of your hand, and re-wires to accept the item automatically. In much the same way, your brain has adapted to the net. But because the Internet is “bidirec- tional” — meaning that we can send and receive information — its effect on the brain is a little more insidious. Carr says that the Internet actually promotes shorter attention spans. Links to unre- lated topics, brief articles, immediacy of information and the multitudinous things one hooked-up computer can do have all wired our brains to move, scan and deviate, lightning-quick. That’s changed the way we read, comprehend, and work — and not, he says, for the better. The problem with our new, short- ened attention span is that “deep think- ing” is difficult-to-impossible. Memory suffers, too, both long-term and short- term. Work on a computer for a while, and writing long-hand feels weird. And staying targeted, on- or offline, becomes an increasing challenge. I found it extremely ironic that I had a hard time reading this book, but not for the reasons you’d think. “The Shallows,” as it turns out, felt unfocused to me. Author Carr ominously reveals many frightening things that we, as a culture, need to heed. He does an amazing job in cautioning readers about the maybe- too-late, shocking dangers of a society run online. In between the good points, though, esoteric literature, highbrow language, and belabored (and often obscure) historical information made it hard to maintain interest. So which wags the dog here, online or off-subject? That’s up for interpreta- tion, but I believe this: Either way, for most business-minded readers, “The Shallows” is way too deep.
Terri Schlichenmeyer reviews books as The Bookworm Says in LaCrosse, Wis. If you have a book you’d like her to review, send an e-mail to [email protected] and we’ll get it on her reading list. Sept. 24-Oct. 7, 2010 | www.businessreportdaily.com Northern Colorado Business Report | 27A Largest Southwest Weld Employers Private sector, ranked by no. of employees
COMPANY PERSON IN CHARGE ADDRESS EMPLOYEES 2010 REVENUES 2009 E-MAIL TITLE RANK PREV RANK PHONE/FAX EMPLOYEES 2009 REVENUES 2008 TYPE OF BUSINESS WEB SITE YEAR FOUNDED MCLANE WESTERN 2100 E. Colorado Highway 119 441 $1,321,268,186 [email protected] Keith Pearson 1 Longmont, CO 80504 523 $1,313,228,170 Food distribution. www.mclaneco.com President 1 303-682-7500/303-682-7557 1894 PRODUCTION CONTROL SERVICES INC. (PCS) 3771 Eureka Way 110 N/A Plunger lift, gas lift, nitrogen [email protected] Jeff Giacomino 3 Frederick, CO 80516 140 N/A generation and automation for oil pcslift.com President 2 720-407-3550/720-407-3540 and gas wells. 1985 ROOF CHECK INC. Industrial, residential, and Chris A. Cain 1610 Skyway Drive 105 $15,000,000 commercial roofing. Sheet metal [email protected] Linda Cain 4 Longmont, CO 80504 150 $21,000,000 fabrication, gutters, downspouts, www.roof-check.com Owners 3 303-678-7828/303-678-7615 maintenance and repair. 1984 FCI CONSTRUCTORS INC. 4001 N. Valley Drive 94 $328,000,000 [email protected] Ed Forsman 2 Longmont, CO 80504 75 $380,000,000 General contractor. www.fciol.com President 4 970-535-4725/970-535-4867 1978 METAL SALES MANUFACTURING CORP. 7990 E. I-25 Frontage Road 86 $25,000,000 Steel roofing, panels and building [email protected] Jeff Hoopes NR Longmont, CO 80504 78 $27,000,000 products. www.metalsales.us.com General manager 5 303-702-5440/303-682-2509 1963 Benjamin Bigelow SPECIALTY PRODUCTS CO. Manufacturer of alignment and Mina Cox 4045 Specialty Place 70 N/A suspension parts, tools, and [email protected] CEO 6 8 Longmont, CO 80504 65 N/A accessories for the automotive www.specprod.com COO 303-772-2103/303-772-1918 industry. 1972 UQM TECHNOLOGIES INC. 4120 Specialty Place 68 $8,692,000 [email protected] William G. Rankin 9 Longmont, CO 80504 60 $7,508,322 Electric motors. www.uqm.com President, CEO B 7 303-682-4900/303-278-7007 1967 PRO-BUILD 4058 Camelot Circle 60 N/A Lumber, truss and millwork [email protected] Bruce Allen 6 Longmont, CO 80504 60 N/A supplier. www.probuild.com Northern Colorado GM 8 970-535-0395/970-535-0648 2006 DIAMOND D DAIRY 4513 Weld County Road 32 38 $3,750,000 Milk, drinkable yogurt, and other [email protected] Jim Docheff 12 Longmont, CO 80504 30 $3,500,000 dairy products. www.diamondddairy.com Owner 9 970-535-4290/970-535-0318 1987 INTERSTATE FORD LLC 800 Bryan Court 35 $2,500,000 [email protected] Mike Held NR Dacono, CO 80514 30 $3,300,000 Auto sales and service. www.i25ford.com GM/Owner 10 303-833-6700/303-833-6715 2010 FREEDOM FIRE PROTECTION LLC 4026 Mulligan Drive 31 N/A N/A Andrew Teebken NR Longmont, CO 80504 N/A N/A Fire protection. www.freedomfirepro.com 2004 11 303-827-2060/303-827-2070 SADDLEBACK GOLF CLUB Driving range, practice putting and 8631 Frontier St. 30 N/A chipping greens, tournament [email protected] Whitey O'Malley NR Firestone, CO 80504 30 N/A pavilion, retail shop, PGA teaching www.saddlebackgolf.com GM/Owner 12 303-833-5000/303-833-3515 professionals available. 2001 N/A-Not Available Based upon responses to Business Report survey researched by Ross Manley NR-Not Previously Ranked To be considered for future lists, e-mail [email protected] Region surveyed includes the communities of Frederick, Firestone, Dacono, Erie, Mead, the Del Camino area, unincorporated Southwest Weld County, and portions of Longmont. B Eric Ridenour will assume the CEO position on Dec. 1, 2010.
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not the program Growth has bounced Growth erratic just borrowed back to early 2008 Growth Index from future sales, levels, a time which as government pays it did stimulate was already bad in The Index should bounce in the 200 to 260 range immediate eco- the construction until early 2011. in stimulus lumps nomic activity industry but which which created saw other sectors, The Northern Colorado Business jobs and saved including commer- 450 Report Annual Monthly Growth Rate is some construc- cial construction, 400 very erratic around the zero line as the tion subcontrac- still hanging on. The Northern Colorado economy recovers tors from bank- ECONOMIC “bottom” in the 350 from the recent recession. Most of this ruptcy. INDICATORS local economy was 300 unevenness is caused by lumpiness in Many, many from a weak 2008 John W. Green, Ph.D. construction dollars. national econo- Christmas season 250 Infrastructure construction, repair mists are now Regional Economist until November 200 and maintenance (road work) comes to predicting a 2009. We had solid Northern Colorado governments in greater than 50 percent probability that growth early in 2010 150 lumps, mostly dispensed by the federal the U.S. economy will “double-dip.” but the mid-sum- 100 Recovery Act, which has been very That probably means it won’t. I have mer months have effective in halting the national slide been predicting a double-dip since at been weaker than Index (1991=100) 50 into depression. Thankfully, we have least January. expected. 0 been left with only a severe recession, I now believe the U.S. economy which will be difficult to get out of, but won’t double-dip according to the offi- Employment 1991 2011 1997 1993 1995 1999 2001 2007 2003 2005 not in a situation which could have cial designation of two or more consec- Employment by 2009 been much worse. utive quarters of negative Gross place-of-residence in The other federal program which has Domestic Product change, but will have Northern Colorado is still declining the third quarter of 2009, it’s time for successfully shortened the recession in one or more quarters of non-consecu- about 1.5 percent per month on an employment gains. The unemployment Northern Colorado is the tax credit for tive negative growth. Without question, annual basis. I expect this decline to rate will remain stuck in the 7.3 percent new and upgrading homebuyers. These the recovery from this recession will be end no later than early next year and to 8.3 percent range as new jobseekers tax credits have stimulated many home weaker and longer than any recovery for employment to start growing again. enter the labor force. sales and even some new construction back to the Great Depression. The Employment is a lagging indicator and of lower-priced housing. Whether or Northern Colorado Index of Economic since the recession probably ended in See INDICATORS, 29A Increased pre-job screening leading indicator?
By Kate Hawthorne More employer confidence in economy More companies are using pre-employment screening services than [email protected] last year, a sign that confidence in the economy is recovering. Employment rates are seen as a lag- Who employers are looking at What employers are looking for What background checks find ging economic indicator, because busi- Number of applicants screened Employment verification Drug test failures nesses don’t feel comfortable hiring 40% 40% after an economic downturn until they 40,000 see their customers coming back. For example, Chicago-based employment 30% 30% consultants Challenger, Gray & 30,000 Christmas recently reported that two 20% 20% consecutive months of sales gains could be enough to trigger increased 20,000 seasonal hiring by national retailers, 10% 10% but the number of workers added in 10,000 October, November and December is still likely to fall short of pre-recession 0 0 levels. 0 Q2 2009 Q2 2010 National Colorado National Colorado Holiday hires in 2009 were up 30 percent from 2008, according to the SOURCE: PREMIER EMPLOYMENT SCREENING SERVICES U.S. Bureau of Labor and Statistics — but 2008 represented a 22-year low for Data from Premier Employment more tools and more automation to applicant — the average was up 7 per- seasonal employment. Screening Services in Fort Collins may help them with the recruiting process, cent compared to last year — and the “This year we expect to see further point to more employers updating their and second, we have seen our same- percent that include education verifica- gains in seasonal hiring, but it probably HR processes ahead of additional hiring store sales begin a slow, steady increase. tion more than doubled to 9.8 percent. will not achieve the levels we saw in in 2011. Overall — if pre-employment screening “Employers are making sure they 2006 or 2007,” said John A. Challenger, The number of pre-employment is an indicator of economic recovery — have the most qualified person and they chief executive officer of Challenger, background checks Premier ran for its we are feeling pretty upbeat about are verifying that those job seekers are Gray & Christmas. “Retailers do not business clients in the second quarter of 2011.” being honest on their resumes,” want to be caught with too many work- 2010 rose dramatically — 81 percent Same-store sales are revenues from explained Doug Hay, marketing direc- ers at a time when many of the funda- compared to the same period in 2009. clients that used Premier in both 2009 tor for Premier. mentals needed for strong consumer This could indicate that companies and 2010, which increased by 1 percent At the same time, the percent of spending remain a little shaky. There could be preparing to hire next year in the second quarter year-over-year, background checks that include job ver- are still nearly 15 million Americans out after not hiring at all last year. after declining between 2008 and 2009. ification decreased by 4.8 percent. of work and many have lost their “We’ve had a significant increase in Within the screenings themselves, “You could argue that this points to homes or are struggling to hang on to business this year, which can be attrib- Premier has also seen encouraging signs recovery as companies just need work- them. This does not bode well for heavy uted to two things,” said Katie Zwetzig, of employer confidence. ers and are not as concerned about how holiday spending.” co-owner and COO of Premier. “First, Employers continue to increase the the applicant performed in previous But what about after the new year? we see companies wanting to look at number of checks they are running per positions,” he added. Sept. 24-Oct. 7, 2010 | www.businessreportdaily.com Northern Colorado Business Report | 29A INDICATORS, from 28A KEY Housing These economic indicators are The number of single-family detached provided by NCBR economist John Green. housing permits being issued dropped Historic Forecast Trend sharply after the housing tax credit expired. New housing permits being issued in Northern Colorado are now at the same levels as in the late 1980s and early 1990s. These levels are one-fifth to one-sixth the levels we were seeing in Single-family permits 2004 as the bubble was inflating. I don’t Unemployment rate Total construction value see a real recovery in the home construc- Through July, 2010 is much better than 2009. The unemployment rate is stuck in a 7.3-to-8.3 band. 2010 activity is probably mostly the result of the Recovery Act, although some activity is visible. tion industry until at least spring of 2011 9 when new jobs begin to be added. 800 300 700 8 Motor vehicles, sales tax accounts 7 250 600 6 Motor vehicle registrations are 500 200 increasing again as the economy shows 5 some mild signs of recovery. 400 4 150 300 3 New and renewed sales tax accounts Percent 100 are also increasing nicely as retail sales No. issued 200 2 pick up and optimism about the 100 1 ofMillions dollars 50 0 Northern Colorado economy becomes 0 0 evident. Increases in retail sales, from 1991 2011 1997 1993 1995 1999 2001 2007 1991 2003 2005 2009 1991 2011 1997 1987 1993 1995 1999 1989 2001 1997 1993 1995 1999 1989 2001 2007 2003 2005 2009 2007 2003 2005 January/February lows, have been much 2009 stronger in 2010 than in 2009. The Christmas sales season will be better than 2009 but not as good as years before that. The loss in wealth from decreases in home values and lost jobs has caused New sales-tax accounts Retail sales Bankruptcies consumers to save more and spend less. 2010 continues to be stronger than 2009. Retail sales are slowly recovering. The number of bankruptcies filed remains high.
Bankruptcies 800 1,800 1400 The number of bankruptcies being 700 1, 600 1200 1,400 declared remains high as job losses 600 1,200 1000 cause foreclosures which turn into 500 bankruptcies. Foreclosures cause for- 1,000 800 400 800 sale housing inventories to increase 600 300 600 which pushes the value of homes down, No. issued 200 400 causing further decreases in wealth, 400 100 200 more saving and less consumer spend- 200
0 ofMillions dollars 0 ing — a self-reinforcing downward spi- Number of new bankruptcies 0 1991 2011 1991 2011 1997 1987 1993 1995 1999 1989 2001 1997 1993 1995 1999 2001 2007 2003 2005 ral that will not stop until entrepreneurs 2009 1991 2011 2007 2003 2005 2009 1997 1993 1995 1999 2001 2007 2003 2005 ask banks to lend and banks agree to 2009 underwrite investment in economic production. The key that is currently missing is a willingness on the part of businesses to expand production in the face of decreasing consumer spending. Growth in the region Single-family permit value Motor-vehicle registrations The Northern Colorado economy is The recession clearly bottomed in the 2010 continues to be better than 2009 but weaker than Motor vehicle registrations appear to be recovering slightly much better positioned to recover than summer of 2009. 2008 and previous years since 1993. from a weak 2009. 99 percent of other regions of the 160 70 United States. Growth in our economy 80 has begun but will not increase rapidly. 60 140 60 There will be weak months because of 40 120 50 the unevenness of economic growth in 20 100 40 0 80 the various sectors of our economy. But 30 we have turned the corner and econom- -20 60 20 ic conditions are improving. -40 40 10 -60 ilosofMillions dollars vrg/nulmnhygrowth monthly Average/Annual 20 John W. Green, Ph.D., is a regional 0 -80 0 economist who compiles the Northern No. (thousands) of registrations 1991 2011 1997 1993 1995 1999 2001 2011 2007 2003 2005 2009 1997 1993 1995 1999 2001 1991 2011 2007 2003 2005 2009 1997 1993 1995 1999 1989 Colorado Business Report’s Index of 2001 2007 2003 2005 Leading Economic Indicators. He can be 2009 reached at [email protected].
Fight back against tough economic times.
A sound defense against market BOOOKOK OOFF LIISTSSTS BoBookook of ListsL fluctuations can start with an advisor who’s invested in your individual financial goals. 88mX`cXYc\mX`cXYYc\ efefnn `e gi`egi`ek#k# roughout changes in the markets fe$c`e\e Xe[ fe :;$IFD Charles Bouchard Kari Boxleitner XYflk Ylj`e\jj Managing Director/Investment Officer Financial Advisor [email protected] CERTIFIED FINANCIAL PLANNER™ Ylk n\i\ X]iX`[ wwwww.NCBR.comwww.NCBR.com.NCBR.com [email protected] Tony Ripsam Roger Bates First VP/Investment Officer Financial Advisor www.bbrb.wfadv.com CERTIFIED FINANCIAL PLANNER™ [email protected] 970.669.8200 kf gXp kff dlZ_% [email protected] Wells Fargo Advisors, LLC, Member SIPC 30A | Northern Colorado Business Report www.ncbr.com | Sept. 24-Oct. 7, 2010 Thompson said. “The good news is that signs of stabilization in the local com- mercial and residential real estate might REAL ESTATE, from 8A fundamentally, Northern Colorado has mercial market. be the health of local banks. The picture the right environment to attract jobs.” According to Realtec, office vacancy there on a year-to-year basis is still A recovery year? Jobs are also the key to a recovery in rates in Fort Collins stood at about 14.2 grim, but it’s stabilizing quarterly. Still, some experts remain reluctant the commercial real estate market, said percent at the end of the second quar- Total delinquent loans and fore- to claim 2010 a recovery year just yet. Peter Kast, a broker/partner with ter, slightly better than last year. Office closed property held by the 15 banks “I think it will be a tale of two Realtec Commercial Real Estate Services vacancy rates in Loveland and Greeley based in Larimer and Weld counties halves,” said Eric Thompson, president in Fort Collins. are still up from a year ago, at 11.6 per- stood at more than $475 million as of of The Group Inc. residential real estate Comparative sale figures in the com- cent and 23.4 percent, respectively. June 30 — up 11.4 percent from a year brokerage in Fort Collins. “The first half mercial market are harder to come by, Retail vacancy rates remain about ago, but up only one-tenth of a percent was driven by the tax credit. But by the but it’s clear that transactions are mini- where they were last year at 9.5 percent from a quarter ago. end of the year, I think we will look mal. While banks might be warming in Fort Collins, 8.4 percent in Loveland, Banks are still pulling back on lend- back and see the same number of trans- back up to residential lending, they are and 14.7 percent in Greeley. ing. Net loans and leases held at local actions in 2010 that we did in 2009.” keeping clear of commercial. Industrial vacancy rates also are sta- banks fell to about $4.8 billion as of Thompson said he does see the lend- Much of the activity today involves bilizing at 6.8 percent in Fort Collins, 8 June 30 — down 18.5 percent from a ing market improving. Lower interest smaller deals backed by Small Business percent in Loveland and 11.9 percent in year ago, and down 3.9 percent from a rates and lenders more willing to help Administration financing, Kast said. Greeley. Kast said he expects the Greeley quarter ago. struggling homeowners are likely factors “The best thing I can say is that it’s industrial market to improve next quar- in the drop of foreclosure figures, he said. better than last year, but it’s still a strug- ter with a boost from the growing oil David Clucas is a freelance writer But even if lending becomes more gle,” he added. industry. based in Boulder who can be reached at available, it all comes down to jobs, On the leasing side, there are mixed The best signal for both local com- [email protected] “We have some Fortune 100 compa- nies that are very interested.” Ed Koepfler, CEO Precision Wind Inc. PRECISION, from 19A nies are using now are 10 to 20 years old,” he said. “But given the growth in wind-energy production in Europe, China and now North America, more and more people are focused on getting better forecasts.” Some clients will be able to realize tens of millions of dollars in savings or increased production annually, Koepfler said. All companies with wind-energy portfolios would benefit by more fully utilizing their cheapest energy — once the infrastructure has been established. “All of that goes directly to the bot- tom line,” Koepfler said. Details on financing were not forth- coming, but Halloran remains commit- ted along with Xceed Capital, an invest- ment firm in Perth, Australia. “We have some Fortune 100 compa- nies that are very interested in investing in us,” Koepfler said. The fortunes of Precision Energy, of course, lie in how accurate its forecasting can become. Halloran said expectations are that there will be an “exponential” leap in the detail and accuracy of such forecasting. While not willing to say much about the proprietary model, Koepfler did say the initial skeleton models have already reached or exceeded existing computer models. The company is expected to reach its third-level in modeling, with all the computer resources that it needs, that will take it to market late this year. But with more than 40 years in soft- ware development, including leading a host of startup, small- to mid-range, publicly held and a few science-based companies on his resume, Koepfler said he’s willing to fly under the radar for now. The No. 1 target at this time is proving they can live up to the company moniker. “Not to be right but to get it right,”he said.“I want everybody focused on mak- ing sure we’re getting it right.” Sept. 24-Oct. 7, 2010 | www.businessreportdaily.com Northern Colorado Business Report | 31A business travel was down 19 percent, County and southern Wyoming. which is parallel to the national numbers,” “Corporate travel has returned,” Clark said. Uehran said.“A lot of our accounts have Greeley continues to attract state FROM THE ARCHIVES resumed travel.” “Hotel valuations are conventions for a variety of groups, He said he soon hopes to break including agricultural organizations and Find related stories in the Northern Colorado ground on a new Candlewood Suites in way down right now. square dancers, and has largely estab- Business Report archives at ncbr.com: west Greeley, but the company is still lished itself as a Mecca for dog shows. working with its investment group to Someone will get a I “F.C. Marriotts head for foreclosure,” Fort Collins, however, does not have Oct. 23, 2009 raise capital, as bank financing for such a niche in the meetings and conventions I “Fort Collins Marriotts remain open for new projects “is impossible.” good deal.” industry. Rather, the town is more of a business,”Nov. 6, 2009 His Candlewood Suites project off of magnet for religious groups and youth Harmony Road in Fort Collins, also is Jim Clark, director sporting events, Clark said. developed and ready to build, but “(The group and meetings industry) financing again is the toughest part, he Fort Collins Convention is picking up but it has a long way to go,” said. he added. Collins-based Spirit Hospitality, said “In the industry reports we look at, & Visitors Bureau There may be an oversupply of business at the lower price-point hotels things are improving,” Uehran said. “I rooms in the Northern Colorado hotel is up over last year. The business travel- wouldn’t want to be in the upper-end market, but local hoteliers have their er, he said, is still moving, and Spirit’s price point. We bottomed out for sure. reach into markets where travelers still hotels are attracting larger numbers in The last couple of years have been really MARRIOTT, from 4A need some options. the wake of the recent boom in the oil skinny. We’re not writing home to mom, Rob Uehran, co-owner of Fort and gas industry in northern Weld but it’s growing and we’re optimistic.” There already is high interest in the properties, Karber said, though they are not yet on the market. “I’ve probably gotten calls from 50 to 60 brokers on this, and I just pass this on to my client,” Karber said. “They PAYS have so far not exposed it to the market, FREE but again … it’s early. There’s a lot of interest at 30 to 40 percent of the value of the loans against them. There’s inter- Hometown est at a very low price.” And it’s also unlikely the lending % group will let it go for so little, he Rewards APY ** added. 1.35on your balance up to $25,000 “I would assume at some point in Checking time, that hotel will sell for more than is currently owed,” Clark added. “Hotel valuations are way down right now. It’s a difficult environment, but they’ve per- formed well in the past. Someone will % get a good deal.” ** The lending group, which submitted APY a low bid of $17 million to get the prop- 0.75on your balance over $25,000 erties back, recently retained Hostmark Hospitality, a national hotel manage- ment group based in Illinois, to manage the Fort Collins Marriott properties. Marriott general manager Richard Romane said all systems are go at the % properties, which APY ** will run “business as 0.10Even when you don’t meet the usual.” “The Marriott three easy steps contract is for several years forward,” Romane said. “We don’t foresee any changes.” In fact, Romane ROMANE Plus, ATMs said the Fort Collins FREE * Marriott is still on track to revamp its Nationwide! ballroom in 2012, and the hotel contin- ues to have a capital budget for other Three easy stepss projects. The Clarion Hotel and Conference APY** Center in downtown Greeley, which has to earn 1.35% gone through several owners in recent years, was also bought out of foreclo- Make 10 or more VISA® Use one monthly direct Get your monthly sure this year for pennies on the dollar. Check Card purchases deposit or one automatic checking statement Denver hotelier Bruce Rahmani, owner 1 2 3 of Colorado Hospitality Services, paid posted within the monthly withdrawal electronically just $1.7 million to buy the hotel out of qualification cycle foreclosure in July. Penta Hospitality of California had remodeled the property that went into foreclosure after not even *ATM fees charged nationwide are refunded when account requirements are met during the monthly qualification cycle. To a year under its ownership. qualify for bonus rates and nationwide ATM refunds: make 10 or more Visa Check Card purchases posted within the monthly qualification cycle; use monthly direct deposit or automatic withdrawals; receive your monthly statement Rahmani has vowed to revamp the electronically. **1.35% Annual Percentage Yield (APY) paid on balances up to $25,000 and 0.75% APY paid on all hotel, reopening the restaurant and amounts above $25,000 each monthly qualifying cycle that the minimum account requirements are met. If you do not adding a bar to help attract the general meet the minimum requirements during the monthly qualification cycle you will not earn bonus rates but your account will still function as a free checking account earning 0.10% APY on the full balance, however, ATM fees will not be refunded. public. To qualify, Visa Check Card purchases must post during the qualification cycle. ATM transactions and Online Banking Bill Pay transactions or other forms of electronic transfers do not count toward Visa Check Card purchases. Monthly Business travel biggest challenge www.homestatebank.com direct deposit and automatic withdrawal means automated clearing house (ACH) transactions. Qualification cycle means 970-203-6100 the period beginning one day prior to the current statement cycle through one day prior to the close of the Some say the main problem for the current statement cycle. Interest rate and APY are subject to change after account is opened. Minimum deposit of $50 full-service hotels is that the business required to open this account. $3 minimum balance required to obtain advertised 1.35% APY. No monthly service travel industry has taken a dive. charges; customer purchases checks. Available for personal accounts only. Advertised rates as of February 1, 2010. “In 2009, state numbers show that 32A | Northern Colorado Business Report www.ncbr.com | Sept. 24-Oct. 7, 2010 NONPROFITS, from 3A Who’s on the list? Event Planning Guide preparing this return lets everyone know The IRS list of nonprofit agencies at risk of you’re doing what you’re supposed to be losing their exempt status includes mostly doing. And it’s so folks out there who organizations that prior to 2006 did not have Your resource for meetings and retreats want to give to a charitable donation will to file because they took in less than $25,000 Special Publications know their money is going” to a true tax- a year. The list includes organizations from cit- exempt agency. izen action committees to clubs, including Losing their tax-exempt status will service organizations such as Knights of result not only in a hardship for the agen- Columbus and American Legion posts, sport- cies, but also their contributors, who tra- ing or animal clubs, some college Greek ditionally write off their donations. The organizations, to small community fundraising IRS will, however, grant extensions if arms of public projects. organizations notify it by the due date. To find out if the IRS says your nonprofit Bruce and Sally Johnston, who inher- organization has not filed annual 990 returns ited the Estes Valley Recreation for the last three years, go to www.irs.gov, and Foundation recently after the founder click on the Charities and Nonprofits tab at died, said they were wholly unaware of the top of the page. the new requirement, or that they had to To get free help in filing with the IRS, char- file anything with the IRS. They filed their ities should call Teresa Mueller, 970-667-1070, information with the Colorado Secretary with Mueller & Associates. of State, which shows their organization remains in good standing. “You could find us, but the IRS could- n’t,” Bruce Johnson remarked. do electronically. Questions include their Falling through the cracks name, a representative’s name and While many named on the list no address, and confirming their budget longer exist, there are some organization amount. Those charities with budgets leaders who are working fervently to get larger than $25,000 will have to file an EZ their paperwork in on time. form, which also is pretty benign, The Larimer Sheriff’s Posse, which has Mueller said. been a tax-exempt organization for 51 The requirements have exposed some years but had never had to file under the weakness in the system, Mueller said. old rules, is at risk of losing their “It’s been an interesting process,” fundraising abilities for area charitable Mueller said. “It’s brought home the fact activities. that there are a lot of charities that don’t “It fell through the cracks because of have the resources to manage these the changing nature of the treasurer posi- affairs and they can’t afford it.” tion,” said Sgt. Cindy Gordon, who serves as the Sheriff’s Office liaison to the Posse. Outdated information “Our annual budget is generally in the Connelly said since the 2006 rule vicinity of $8,000 to $15,000. Hopefully, change the IRS has been sending letters Need a resource for we can get this sorted through in a timely and e-mails to errant agencies. But in manner.” many cases, the contact information is The Posse provides law enforcement no longer valid. meetings and retreats? functions on horseback, such as search The ARC of Weld County inadver- and rescue, crowd control and public tently made the list, only because the IRS relations. For example, members were on had old information, a good 10 years old hand recently to help direct traffic around at least, said director Larry McDermott. This annual guide will assist both first timers and the Reservoir Road fire in Loveland, The list refers to the agency’s original Gordon said. name, Association for Retarded Citizens, experienced corporate planners. With in–depth Officers of the League of Women which he said was changed because it was Voters in Greeley also were surprised to offensive to the clients they serve. articles and lists of local resources, the Event learn their organization landed on the “We haven’t used that name for years,” list, according to Treasurer Janine Reid. McDermott said, noting that all of the Planning Guide will be a valuable resource for The local group, which regularly organiz- information on the IRS list relating to the es election-year candidate debates, sees ARC is incorrect, including the employer anyone planning a meeting or retreat. less than $2,000 a year in revenues, she identification number, the post office said. box, even the spelling of Greeley. “This is “Our league has never applied for obviously an inaccurate list,” he added. nonprofit status because we have a rev- A random check of organizations list- What are you waiting for? enue that’s under $5,000, and that is ed shows a number are inactive. The below the 990 requirements,” Reid said. Loveland Police Association, for exam- “We’ve never filed, and for tax-deduction ple, was voluntarily dissolved at the state purposes, we suggest people make their level in 1977 but remains in the IRS data- Available nowin print, donations to League of Women Voters’ base. Girls Outdoors in Fort Collins was Colorado Education Fund.” created in 1997 and dissolved at the state on-line and on CD-ROM Reid said when she learned of the new level that year. requirement she immediately worked to “The IRS does know there are agen- correct the issue, but still needs to fill out cies on the list that are defunct or maybe * Go to www.NCBR.com, select Event Planning Guide (under Special 12 pages of paperwork to become a functioned for only a short time and in bona-fide nonprofit reporting to the IRS. current days are not operating as a tax- Publications) to view the Event Planning Guide as a Flash publication). “We have nothing to report,” Reid exempt,”Connelly admitted. “Come Oct. said, stating the new law is simply con- 15, if the IRS hasn’t gotten anything from fusing. “We’ve got membership dues, said organizations, indeed, they do need powered by which pass through to the state and to be cleared (off).” national league. I personally am very What Mueller hopes this requirement annoyed. I’ve been in an administrative changes is the frequency with which position for the past 30 years, and every smaller, one-time charities form. year the biggest challenge is keeping up “One of the things we try to encour- with the laws.” age with some nonprofits we have is to The filing for charities with budgets look for collaborative opportunities,” less than $25,000 is relatively painless, Mueller said. “To create individual chari- Mueller said. In most cases, charities ties to accomplish the administrative 141 S. College Ave. :: Fort Collins, CO 80524-2810 :: need only answer a series of questions for (paperwork) and bureaucracy is enough 970.221.5400 • Fax: 970.221.5432 :: www.NCBR.com their annual reporting, which they can to drive you crazy.” Sept. 24-Oct. 7, 2010 | www.businessreportdaily.com Northern Colorado Business Report | 33A Be prepared with priorities DECISIONS, from 13A To be prepared we need to think proactively, tactically, and strategically. Awareness needed to trust the gut Every manager should analyze, assess When asked how they make deci- and adjust priorities continuously. This sions, many leaders say, “I trust my gut is a task that should take priority over reactions.” Our “gut” is influenced in many other management activities that lots of ways every day. How we feel that provide far less value. Failure is the particular day, relationships with family, result of bad decisions made quickly co-workers, managers, and other without adequate trend analysis. dynamics affect our emotional gut. Bad decisions burn dollars, time and We all have biases that are reflected resources. High quality, informed deci- in our decisions. We rely on our past sions are those that produce sustainable experience, which needs to be balanced growth and success. with new learning. Personal self-aware- By adjusting management practices to ness determines how honest we are with focus on data-gathering and analysis fol- ourselves regarding the viability of our lowed by prioritization, successful leaders decision-making process. The world is are making informed decisions that result too complex to rely solely upon our in a sustainable business environment. emotional, gut reactions. Prioritization allows every leader, in What do today’s successful leaders collaboration with the management have in common? They are constantly team, to create a list of alternatives. These prepared to make hard decisions quick- alternatives can be scenarios based upon ly. Earlier this year I wrote about the known and unknown variables that con- need to gather data in order to better front the organization or business. This understand your operations and oppor- proactive view of possible outcomes tunities. I want to build on that recom- means that a “best choice” decision can mendation: Prioritization is the next be made. Being prepared allows decisions step once you have the data. This means to be made from a position of strength. that as a leader you have projects, We are evolving from the time when resources and contingencies prioritized leaders made decisions “from the gut” at all times. If your team has a well- and the business dealt with the unin- thought-out, prioritized list of projects tended consequences. Today’s successful and resources, you can quickly adjust to leaders create a discipline of gathering demands or requests that come your data, establishing standards for data way. analysis, and creating priorities that What are the requirements of priori- assist the process of constant, unrelent- tization? You must be planning and ing change. Being prepared moves an adjusting the plan on a regular basis. organization toward realistic decisions Regular basis means any time a change and a more desirable strategic position. impacts your unit, team, or project. Carve out time each week to review This level of focus on priorities requires possible scenarios and trends, and then carving out time to think through adjust your immediate priorities. Turn everything you know and anticipate the process into a regular discipline. future trends. Make this an experiment and see what Prioritization goes hand-in-hand you and your team discover. Think of with gathering meaningful data to yourselves as explorers in the new world. strengthen decisions on every level. This decision-making solution suggests that Shirley Esterly is a master facilitator we move beyond gut reaction and past and systems thinker who works with experience-based decisions to a more clients to build sustainable business prac- well-thought-out list of priorities based tices. She can be reached at sae@quan- upon current trends and feedback. tumwest.com. CRE, from 2A multifamily, senior and student housing stood the best chance for growth in Northern Colorado. trial/warehouse space were given the Again, that didn’t surprise Laposa. best chance of appreciation by respon- “I think there’s good news from CSU dents. student enrollment for student housing for sure. If you look down Laurel and Responses not surprising Shields, there’s plenty of redevelopment. Laposa said the responses on com- The Flats at the Oval is 100 percent mercial development were not surpris- leased,” Laposa said. ing in that they overwhelming felt the I- Senior housing is generally good 25/34 corridor would be the best chance throughout the country, Laposa said, for development. The area has been a and multifamily housing fares well in hot spot for a couple of years now, with Fort Collins, where there is a higher per- retail, medical offices and restaurants centage of renters than nationally. and the still-awaited Boondocks Fun Laposa said responses on the public Center scheduled to begin construction policy concerns was surprising, with next year. most respondents citing the city of Fort “It surprised me a little because it’s on Collins’ proposal to ban development the periphery of the concentration of within the 100-year flood plain having housing,” Laposa said, adding that the the most negative impact, followed by area has more government approval for the passage of the cap and trade bill, and development assistance. The town of the proposed Fort Collins sales tax Johnstown, as an example, began a 45- increase. day fast-track for project approval, “A lot of these were new trends that which brought in a lot of the early devel- have happened, so there’s not too many opment to the area. people who see these as having a positive “I still believe housing is still needed impact,” Laposa said. out there, but because it’s off the inter- Laposa also presented his research on state, housing within one to three miles what the next 20 years might hold for isn’t as important as Old Town or down- development in Northern Colorado and town Loveland,” Laposa said. housing price trends as reflected in vari- As they did last year, respondents felt ous, sometimes competing, indices. 34A | Northern Colorado Business Report www.ncbr.com | Sept. 24-Oct. 7, 2010 down The Forks and replace it with FORKS, from 3A another convenience store location. “The style of (The Forks) fits in with weeks but is starting to feel more assured the community,” Parrish said. “(Tearing that he did the right thing. it down) would be a disaster. Nobody in “I’m interested in preserving historic the community wants that to happen.” points of interest,” he said. “I’ve always thought The Forks could be a viable Locals love it place if you could get it going right.” Schrader said he’s had “lots of sugges- The original Forks Hotel and cafe was tions” on how to move forward with The built in 1875 — the year before Forks and he realizes how important it is Colorado became a state — and served to local residents. Northern Colorado Economic as a local gathering place and as a stop “I was standing out front one day and for the Overland Trail stagecoach the lady from the post office comes over Development Corporation between Denver and Laramie. and says, ‘Are you Mr. Schrader?’ And I In 1985, the original structure burned said yes,” he said. “And she says, ‘Can I down. A community effort, led in part give you a hug?’ I do get the feeling that presents by Derek Roberts, great-grandson of people do miss that place.” pioneer Robert Roberts who first built Schrader said a closer inspection of The Forks, resulted in a faithful recon- The Forks has revealed many flaws, What Factors Impact struction and reopening in 1990. including a problematic water supply Since that time, The Forks has had a and some structural deterioration. Then series of owners who could never quite there’s the stairs to the upstairs restau- a Primary Employer’s Ability keep it viable through the seasons. rant area, which break up customer traf- Roberts, a retired real estate agent fic in the downstairs area. to Create Jobs and owner of the nearby 16,000-acre “It’s a terrible floor plan,” he said. “I Roberts Ranch, said he was glad some- think that’s one of the things that’s October 13, 2010 one like Schrader bought The Forks. handicapped it over the years.” DATE: “I’m sure he has the money to do Schrader said he’s not planning to TIME: 11:30am- 1:30pm(Doors open at 11:00am) whatever he wants to do with it,”Roberts tear down The Forks but isn’t yet certain said. “He’s a good businessman and a how or when it will be reborn. “I don’t LOCATION: Fort Collins Hilton good member of the community and I want to dive into a sinking money pit,” think he wants to do what’s best for the he said. “I’d like it to be a viable thing.” community.” Schrader said for now he’s adding up Roberts said he’d personally like to what it will cost to bring the business see The Forks spruced up with an back to life and is open to ideas. To expanded outdoor deck and a coffee reopen it with a restaurant would be shop where locals can congregate. very expensive, he noted, because the “That’s really the big hope,” he said of Aug. 28 auction saw virtually all of the restoring the business as a community restaurant appliances and equipment MEETING AGENDA: center. “They need a coffee shop for sure sold and hauled away. but a lot of people want to see a restau- “It was a strange auction,” he said. rant, too.” “They sold everything inside first and NCEDC’s Success in 2010 Shirley Parrish, a Livermore resident then sold the property. Really, there was who worked at The Forks before retiring, a lot of stuff that I should have bought said she would love to see it reopen soon. but never had the opportunity to buy.” Northern Colorado Primary Employer Trends “The Forks is a social center for the Schrader said in the end it will be up community and without it, we’re lost,” to local residents to help get The Forks Dr. Martin Shields, Regional Economist she said.“I’d like to see them put a coffee up and running again. shop upstairs and have the downstairs “I’m going to try to keep it a viable Economic Development in the State of Colorado for a convenience store.” place, and the only way it will be is if I Both Parrish and Roberts said they get the support of everybody in the Don Marostica, Executive Director, Colorado State Office of hoped Schrader would not decide to tear area,” he said. Economic Development & International Trade Factors that Impact Primary Employers Primary Employer Panel includes Curt Richardson, NCBR Reports OtterBox and Terry Precht, TDP Tuesdays Registration - $35 per person RSVP - Diana McKinney 10:00 p.m. Corporate Table of Eight - $240 (a $5 per person savings) [email protected] Registration closes Thursday, October 7th @ 4:30 PM 970-667-0905 Sponsors: Kate Hawthorne — NCBR Editor NoCoN 5 covers Northern Colorado Fort Collins/Loveland >>>>>>>>>>>>Comcast Digital Channel 8 Greeley >>>>>>>>>>>>>>>>>>>>>>>Comcast Digital Channel 14 US Cable 5 Dish and DirecTV >>>>>>>>>>>>>>>>>>>>>>>>>>>>>>Channel 3 N Northern Colorado 5…The Only TV Station Committed to This ad is provided to NCEDC in-kind by our partnership with NCBR Northern Colorado Sept. 24-Oct. 7, 2010 | www.businessreportdaily.com Northern Colorado Business Report | 35A Steve Porter, Northern Colorado Business Report MORE SPACE — Colorado State University student Sean Babbs points to a couple of Envirofit International cookstoves that were designed by students at the Engines and Energy Conversion Laboratory near downtown Fort Collins. The laboratory, which resides in a converted former city power plant, is about to expand to make room for more students, classrooms and office space. ENGINES, from 1A Atteberry said another issue still being finalized is how to accommodate more park- ing for the facility. That might be accom- out of the facility,” he said. “So, we’ve plished on city-owned land just to the south gotten to the point where we just physi- near the city’s Northside Aztlan Recreation cally don’t have the space we need for Center,he said. people.” Atteberry said new terms for the lease The EECL has partnerships with between the city and the university such companies as Caterpillar, regarding the use of the power plant will Cummins, Woodward, Spirae and also be drawn up during the finalization VanDyne Superturbo. It has also spun of the expansion plans. The current lease off its own startup ventures, including — CSU pays the city $1 per year for the Envirofit International and Solix use of the building — is in force until Biofuels. 2024. Willson said the decision whether to expand at the existing site or to relocate Close relationship the EECL onto CSU-owned land or Atteberry said the city wants to main- another location in the area was not an tain a close relationship with CSU on the easy one. But in the end, he said it made EECL. “I think it’s been a fantastic part- the most sense to stay put. nership between the engines lab and the “The logical answer was to stay at the city for many years, and we’re proud that Northern Colorado Commercial current location and expand the site,” he there’s research with a global impact said. “There were so many factors that going on in our facility,” he said. Association of Realtors favor staying in the current location, The EECL, part of the CSU College of including the Rocky Mountain Engineering’s mechanical engineering Regional Meeting Innovation Institute a few blocks to the department, was ranked No. 6 by Popular north and the new Discovery Center Science magazine on its August list of the under construction across the street from best national university laboratories. the EECL.” Willson said while many details NCCAR Willson said the 1935-built power remain yet to be resolved, he’s feeling plant building may be getting on in more confident that the project will go years but is still in good physical condi- forward at the current site. WANTS tion.“The building we have is outstand- “We do have a plan ing for what we do, large and open and that appears will of very heavy construction that really work,” he said. “I don’t YOU TO works well with the equipment we want to get too specific have,” he said. “But it doesn’t work for because there still housing people.” needs to be the formal JOIN US! permitting by the city.” Constraints being addressed Those specifics Wednesday, October 6, 2010 There are several constraints that are include an estimated 7:00am-9:00am making staying put problematic, Willson cost for the expansion WILLSON notes. The five-acre site is hemmed in by and a timeline for its Breakfast served the Poudre River on the north and rail- construction. Topic: Critical Election Issues FREE For NCCAR members, Willson said the EECL has come a long road tracks on the south. $60 for non-members The multi-level addition would sit in way since 1992. “When we first moved in, for 2010 front of and slightly to the south of the if you plugged in two 1,000-watt heaters at Speaker: BobMoody, Executive existing structure and would match it as the same time it blew every circuit in the Director of Legislative RSVP to Sarah at nearly as possible in its brick exterior.Darin building,” he said. “Now, it’s one of the Affairs, NAIOP [email protected] Atteberry, Fort Collins city manager, said most advanced smart-grid labs anywhere.” Location: Embassy Suites, negotiations between the city and the uni- Willson said he’s excited about having For more information on versity on the expansion call for the power the EECL remain close to RMI2 and the Loveland, CO joining NCCAR, please go to plant’s historic attributes to be maintained new combined Discovery Science Center Crossroads & I-25 www.nccar.com as much as possible, including moving an and Fort Collins Museum, which broke historic gargoyle-festooned fountain to ground on Sept. 11 and is set to open Hosted and sponsored by: another location on the grounds. next year across College Avenue. Atteberry said the expansion also had “Between us and RMI2 and the to be planned so as not to violate city pol- Discovery Center, you’re really bringing a icy forbidding new construction in the concentration of technical talent to the 200-foot river buffer. “We’re really look- River District,” he said. “That’s pretty ing at a building outside the 200-foot exciting, and I think the three of us will river buffer, which was a concern from anchor sort of a renaissance area and day one,”he said. innovation-oriented area.” 36A | Northern Colorado Business Report www.ncbr.com | Sept. 24-Oct. 7, 2010 Northern Colorado COMMENTARY BUSINESS EDITORIAL REPORT OFFICE Vote for 141 S. College Ave., Fort Collins, CO 80524-2810 800-440-3506 • 970-221-5400 Fax: 970-221-5432 children, www.ncbr.com PUBLISHER vote for Jeff Nuttall ext. 201 Direct: 232-3131 [email protected] CONTROLLER Cindy Nosko ext. 221 yourself Direct: 232-3151 [email protected] NEWS Editor Kate Hawthorne ext. 212 Boomers, retirees, can we talk? Direct: 232-3142 [email protected] A couple of questions on this Reporters November’s ballot need your attention. Sharon Dunn ext. 219 We know there’s a lot not to like on Direct: 232-3149 [email protected] there. We also know that you still take Steve Porter ext. 217 Ballot measures bad policy, Direct: 232-3147 [email protected] elections seriously and vote in greater Copy Editor/Web Editor numbers than any other demographic. Noah Guillaume ext. 222 You’re most likely to read the Blue Book Direct: 232-3152 [email protected] and newspaper editorials, study the pros Chief Researcher threaten community colleges Ross Manley ext. 207 and cons of issues — and then vote your Direct: 232-3137 [email protected] pocketbook. MARKETING Poudre School District is asking for The Board of Trustees of Aims ability to provide education will be neg- Marketing Director both a mill levy increase and a bond Community College on Sept. 1 passed atively impacted. De Dahlgren ext. 202 issue this year, the first time in a decade. unanimously a resolution opposing Proposition 101 is complicated and Direct: 232-3132 [email protected] Before you snap that pocketbook shut three items which will appear on the confusing. The effects of reducing the ADVERTISING Advertising Director and check the No box just because you November general state’s income taxes 26 percent will add Sandy Powell ext. 214 don’t have kids in school anymore, con- election ballot: to the state’s revenue shortfall created by Direct: 232-3144 [email protected] sider: Proposition 101 Amendment 60, which in effect elimi- Senior Account Executive Lindsay Gilliland ext. 203 I If you moved here from some- and Amendments nates funding of higher education. The Direct: 232-3133 [email protected] where else, you are most likely part of 60 and 61. Passage results will be higher tuition and fees. Account Executive the Colorado Paradox. We’re one of the would significantly Beginning in 2011 vehicle registra- Julie Constance ext. 218 most highly educated states, but don’t jeopardize Aims’ tions will be reduced to $10. The finan- Direct: 232-3148 [email protected] Janet Hatfield ext. 215 spend money to educate our own chil- ability to provide cial impact to Aims from reducing the Direct: 232-3145 [email protected] quality academic vehicle registration fee will be $2 mil- dren — we ranked 41st per pupil in Advertising Project Manager 2007-08. How many of us received our education to over lion annually. The cut in the state Michelle Venus ext. 207 K-12 education courtesy of the taxpay- 7,800 students. income tax will reduce or eliminate Direct: 232-3137 [email protected] ers of Illinois or New Jersey? We should Under GUEST Aims’ ability to support new and exist- PRODUCTION Production Manager return the favor. Amendment 60 COLUMN ing employers’ training needs by cutting Bernie Simon ext. 210 Direct: 232-3140 [email protected] I If you moved here because the school districts Mike Geile state-supported incentive programs Northern Colorado is ranked among in Colorado would such as Colorado First grants. Art Director Chad Collins ext. 211 the best places to retire, ask what makes be required to reduce Economic development would be seri- Direct: 232-3141 [email protected] it that way: the scenery, the low crime their non-debt mill levies by 50 percent ously impacted. ADMINISTRATION rate, the opportunity to be part of a over the next 10 years and the state The effect these three amendments I.T. Director Chris Sullivan ext. 206 vibrant economy? When kids are in would be required to backfill the loss in will have on K-12 education will be Direct: 232-3136 [email protected] good schools, they learn to be part of revenue. Higher education institutions devastating. The Greeley Evans school Office Manager / Front Desk that economy to keep our region would also be required to started pay- district, for example, will see an addi- Tiffanie Moore ext. 200 vibrant, for every generation. The dis- ing personal and real property taxes. tional shortfall of $17 million because Direct: 232-3130 [email protected] CIRCULATION trict, which consistently outperforms The general fund of Aims is $43 mil- the state will not have the funds to Circulation Manager others throughout the state and the lion. The funding allocation that Aims replace lost local funding. This will Rhonda Doyle ext. 216 nation, plans to use the $16 million mill receives from the state has already been result in reduction in teachers, increas- Direct: 232-3146 [email protected] CONTRIBUTING WRITERS & PHOTOGRAPHERS levy to restore some of the teachers and reduced $3 million and we have had to ing the students per classroom and David Clucas, Shirley Esterly, Mike Geile, John W. programs cut when $13.7 million had to make painful cuts to our programs and adding to our challenge of providing Green, Terri Schlichenmeyer, Jeff Thomas, Joshua be slashed from the budget. Those cuts services. If Amendment 60 passes, the remedial education after they graduate. Zaffos actually dropped Fort Collins from No. state’s obligation to backfill school dis- Charter schools who receive state allo- 1 to No. 6 on the Money magazine list of tricts’ mandated cuts will significantly cations will be not be exempt from the Best Places to Live this year. reduce or eliminate their ability to fund financial impacts. I If you moved here as a business higher education and Aims will be pay- Proposition 101 and Amendments owner, you know what you need — an ing property taxes, which will add to 60 and 61 will reduce the revenue educated workforce. And here’s where our operating expenses. resources of Aims by at least $10 mil- you can really vote your pocketbook. Under Amendment 61 the state of lion or 25 percent. The college will be PSD receives the lowest level of state Colorado and its political subdivisions hard-pressed to make cuts without funding — 95 percent of the per pupil are prohibited from borrowing money damaging the academic credibility and average, $6,857 compared to $7,226 of any kind and local jurisdictions are financial integrity of the institution. If statewide last year — and will see an required to limit the time required to these initiatives pass the future of the additional 6.3 percent cut next year. We pay back loans to 10 years. institution will be in question. are the only other source of funding, If Aims needs to secure long-term or The Aims Board of Trustees encour- and we can invest our tax dollars here in short-term loans, the requirement to ages a NO vote on Proposition 101, Northern Colorado. The $120 million pay off the debt in 10 years rather than Amendment 60 and Amendment 61. bond is restricted to maintenance and 30 years will at least double our loan They are truly bad public policy. repair only, as PSD continues to consol- payments and substantially increase our idate schools and maintain existing borrowing costs. If Amendment 61 Mike Geile is treasurer of the Aims assets. passes Aims will be financially restricted Community College Board of Trustees in Vote yes on 3A and 3B for the kids — from making investments in facilities, Greeley and a former Weld County and ourselves. infrastructure and technology. Our Commissioner. Sept. 24-Oct. 7, 2010 | www.businessreportdaily.com Northern Colorado Business Report | 37A LETTERS TO THE EDITOR NCBR poll watch Do you think Fort Collins drivers really are The ‘in’ box is open some of the best? Write the Northern Colorado Business Yes Report to comment on our content or to raise Next question: issues of interest to the business community. 8% What do you think about the I-25/Crossroads Letters must be limited to 300 words. interchange improvements? Longer guest opinions may be considered upon No request. Please include address and telephone 58% Answer now at www.ncbr.com. Responses will be numbers so that we can verify your submission. accepted through Oct. 4. The Business Report reserves the right to edit for length, and to reject letters that are potentially libelous. Only if you aren't behind them on I-25. E-mail letters to Kate Hawthorne, These results reflect responses to the online poll at [email protected] or submit comments www.ncbr.com Sept. 6 - 20. through our website, www.ncbr.com. Snail mail 34% to 141 S. College Ave., Fort Collins, CO 80524. BSZZ bVS[ g]c¸`S ]\S ]T Question public radio affiliation room schemes designed to nullify their are stuck in “what is” and are challenged I suggest you question your affiliation votes by winking and nodding Tancredo to think about “what could be.” bVS U]]R Ucga with KUNC. The perception of having onto the ballot under another party’s I’ve shared with some people that the this clearly liberal approach to business banner. The RINO power money is now opportunity we have is something like is one that clashes with the balance of being directed into Tancredo’s coffers. what is possible after a forest fire. the business environment. Certainly, Wadhams has only succeeded in fractur- Frequently the very best growing condi- 3ZW[W\ObS UcSaae]`Y ing the GOP and corrupting its message. tions exist in the midst of the destruction there should be some acknowledgement T]` Q]\ac[S`a of the green energy mantra, sustainabil- Unfortunately, the disaster that was — this is the place to plant what we want ity, be-your-brother’s-keeper, mentality. the 2008 GOP convention did not end to flourish and weed out those things that <]e []`S bVO\ SdS` Q]\ac[S`a his tenure. If the Colorado GOP hopes would compete with what we hold dear. Still, it doesn’t wash with a majority of O`S QO`STcZZg QVSQYW\U ]cb to project an image of principled It’s counterintuitive that now is the time the business community who are, and PcaW\SaaSa PST]`S a^S\RW\U always have been, self-sustaining and integrity and inclusiveness, it needs to to tend to your organization and help it dump Wadhams as its chairman, or suf- soar above the competition all around. BVS 000 b`cab[O`Y PSaWRS g]c` simply don’t buy the argument that the Q][^O\g UWdSa Q]\ac[S`a lean to the left is getting our economy fer the consequences. Chris Hutchinson Q]\TWRS\QS´O\R ^`]dWRSa g]c back on track. Sorry Dick, the delegates have spo- Fort Collins Admit it or not, KUNC does only tell ken. Now get out of the way. eWbV O ^]eS`TcZ Q][^SbWbWdS SRUS part of the story. “All Things George Tremblay Loveland names new city manager Fort Collins % W\ Q]\ac[S`a aOg bVSg e]cZR Considered” doesn’t mean it’s all report- (Business Report Daily, Sept. 8, 2010) PS []`S ZWYSZg b] Pcg T`][ O ed or even defined. It’s only one side of I guess I am stupid, I don’t under- Q][^O\g RSaWU\ObSR Oa O 000 the coin and I don’t think it’s one that Black September ’08: Economic meltdown stand: number 1, what does a city man- supports the majority of the business (NCBR, Aug. 27, 2010) ager do? number 2, how much does the /QQ`SRWbSR 0caW\Saa community. I know because I listen to I found this article to be well written city manager get paid? 3. Is there no one % >`W\QSb]\ @SaSO`QV 4W\RW\Ua KUNC and I am in the business com- and insightful. It was refreshing to see in the City of Loveland capable of doing munity. I talk to the man in the street — the candor of the experts that were this job or in the state of Colorado that G]c¸`S W\ U]]R not just the folks in downtown Fort interviewed. They openly discussed lack we have to go looking in Florida, Q][^O\g eWbV bVS Collins and Boulder. of controls on the TARP funds and the Missouri, and “god forbid” Kalifornia? 0SbbS` 0caW\Saa Think about it. Your credibility is at complicity of Fannie Mae and Freddie Bob Ticha stake with those who could be support- Mac on the financial collapse. I, like Loveland 0c`SOc ing your newspaper and are likely many I’m sure, believe Fannie and 7\abO\bZg Q][[c\WQObS g]c` choosing to go elsewhere with their dol- Freddie represent a symptom of a grow- Good journalism will survive in Web world SbVWQOZ b`OQY `SQ]`R´bV`]cUV lars. I’m also one of these people. ing problem, i.e. privately funded insti- (NCBR, Sept. 10, 2010, Kristen Tatti) bVS 000 /a O 000 /QQ`SRWbSR Doug Andersen tutions with government backing. It is a You’re going to be missed. You’re 0caW\Saa g]c QO\ T`SSZg RWa^ZOg Wellington recipe for disaster. pretty much the best reporter I know. I especially appreciated Clinebell’s bVS eSZZY\]e\ b`cab[O`Y bOYS You leave a body of great work docu- ORdO\bOUS ]T ]\ZW\S b]]Za bVOb Editor’s note: Publisher Jeff Nuttall can comment,“…did not expect the govern- menting a dynamic period in the bank- R`WdS Q]\ac[S`a b] g]c` PcaW\Saa be heard on KUNC-91.5 FM every other ment to take so many actions that nega- ing industry. Thursday at 5:35 and 7:35 a.m. during tively impact the private sector.” Amen Adam Wickam ab`SbQV g]c` [O`YSbW\U R]ZZO`a Morning Edition. KUNC is also a media to that. The current crop of legislatures Windsor bV`]cUV 000 ]cb`SOQV STT]`ba sponsor of many NCBR events. seems to have the mindset that they O\R WT g]c _cOZWTg ^O`bWQW^ObS W\ must “fix” everything. Sometimes the I-25/Crossroads project makes White ]c` >W\\OQ]Z e]`YS`a¸ Q][^ U`]c^ GOP fractured by Wadhams best action the government can take House list /\R bVOb¸a Xcab bVS PSUW\\W\U The artfully orchestrated smear cam- when it comes to the economy is to do paign condoned by GOP chairman Dick nothing. We have a resilient economy (Business Report Daily, Sept. 20, 2010) ASS WT g]c [OYS bVS Wadhams and the GOP money gang to when it is left alone. All this fixing and And they are pretty funky “improve- U`ORS discredit Tea-Party backed nominee regulating is already having its impact: ments.” Two circles at the end of the Dan Maes will ultimately fail, just these the private sector is shutting down. ramps (both sides of the highway). Ever 7T g]c` TW`[ Wa OZ`SORg b]^ R`OeS` tactics have failed in other contests As Phillips stated at the end of the see an 18-wheeler go around that circle [OfW[WhS g]c` P]bb][ ZW\S Pg nationwide. article, “I seriously question whether the to try and go towards the Embassy Suites PSQ][W\U O 000 /QQ`SRWbSR United States can continue with a finan- Another smear-by-association cam- (heading off the south exit)? Very inter- 0caW\Saa paign that is quietly being waged against cial system that is so far removed from a esting maneuvering for sure. For some Senator Kevin Lundberg for his nomina- safe, stable, and efficient financial sys- reason the underpass area is still tiny. tion of Dan Maes is equally deceptive tem.” Let us hope those in Washington, Too bad they could not improve the and despicable. Senator Lundberg has a D.C. wake up soon, but I’m not holding (U.S. Highway) 34 interchange first as well-earned reputation as the leading my breath. that one is super-dangerous (being advocate in the Statehouse for smaller Ed Dolan worked on now though — that’s good). government, lower taxes and common Greeley I don’t really see the immediate bennies of the circles, but being from NJ I am sense; but these positions are not popu- lar with the Big Government crowd of Transformational moment to renovate used to them. If you see an 18-wheeler either party. (NCBR, Aug. 27, 2010, Practicing there, just back off or else you will be Grassroots Republicans do not Innovation) stuck for sure! eg\Q] PPP ]`U appreciate the legendary dirty-tricks Shirley, you are right on with this col- Jan Rossi '% " " & #$" !% specialist Dick Wadhams hatching back- umn. I too see many organizations who Fort Collins 38A | Northern Colorado Business Report www.ncbr.com | Sept. 24-Oct. 7, 2010 worked with so many clients on their Group and communicate a new value to resemble a yin/yang symbol as much SAGE, from 13A rebranding but never took the time to delivery system,” he wrote. It would also as a letter, subtly supporting the beloved look at our own.” allow the company to showcase some of “wisdom” aspect. an image for a product or for themselves. Somewhere in the process, Larson the services that really were new, espe- Then it was time to tackle the monu- Something interesting happened realized that clients, potential clients and cially in the electronic communication mental task of applying the new brand to between then and now – and we’re not general fans of Sage might be interested arena. the website. Here’s where Larson candid- talking just The Great Recession. As to see such a brand evolution take place. ly admits he had to get out of the way, Larson’s marketing company grew to So he did what any forward-thinking Intense process again. He picked the design that empha- create plans for other organizations, it communicator would do: He began The entire process from beginning to sized creative over performance — only grew away from its original brand. blogging about it. end took about 10 weeks, Larson said. to have his staff and every client and Earlier this year he decided that it no In a lengthy post at sagemg.com “For a client it would take about four to influencer pick the performance-orient- longer reflected the wide range of servic- about two weeks before the new website six weeks, but we had to work on it ed design. es Sage Marketing provided — it was went live, Larson explained the what and around other projects for clients — that And so the performance design created well before the advent of social why of rebranding, and the decision- cobbler’s children thing again.” Such a launched on Aug. 31. Larson said that media marketing, after all — or that the making process the four-person in- thoroughgoing rebranding would cost a the initial plan was to let the new brand company had mostly moved away from house team went through to settle on the client anywhere from $7,000 to $25,000, unfold over a three- to six-month peri- the revolutionary-for-its-time virtual new Sage brand. depending on the complexity of the od, but one more unexpected thing hap- model. “We felt developing the new brand website, the extent of the collateral mate- pened. “It’s the old story of the cobbler’s chil- was the best way to break through the rials and other factors. “In the last three weeks, we have rock- dren have no shoes,” he said. “We had current perceptions of Sage Marketing After doing preliminary research with eted to the top of the search engines,” he clients, the heavy lifting began with said. “I did not expect it to happen that developing the Brand Cornerstones — fast.” those few words that communicate what With top-of-the-page Google place- Sage wanted customers and prospects to ment has come increased web traffic. think about at every touch point. The “Before the new website, we were getting result: Experts. Performance. Clever. 10 to 15 unique visitors a day; now we’re BusiBusinessiness Report Reprints Engaged. Do-ers. Then the logo had to getting 50 to 60,” Larson reported. BUUSINESSSINESS be redesigned to reflect those corner- Some of them are actually picking up NEEWSPAPERSWSPAPERS stones. the phone and asking Sage to quote on This is where the team was in for a projects, maybe one or two a day, he said. 88mX`cXYc\mX`cXYYc\ efefnn `e gi`egi`ek#k# surprise, according to Larson. That has turned into some real business “We also learned people loved our as well. JJ\\ G;G;=;= XXe[ fe :;$IFD tagline: Wisdom Guides Success,” he But that wasn’t necessarily the origi- jfd\k_`e^ wrote. “We spent the past eight years nal intent of the rebranding exercise, focusing on the ‘wisdom’ part of the Larson said. pfl c`b\ `e tagline. Our clients really resonated with “What we can do now is use our own the ‘success’ aspect and they liked Sage site as a case study and a tool for clients,” k_\ because we performed and created suc- he explained. “We can use before-and- 9lj`e\jj cess.” after screen shots to show exactly what wwwww.NCBR.comwww.NCBR.com.NCBR.com They also liked the standalone S, but we changed and how it worked and what I\gfik6 the creative team tweaked it until it came we learned going through the process.” Want to purchase minerals and other oil/gas interests. COLORADO FREIGHT BROKER- QUICK SERVICE Send details to: AGE CO RESTAURANT FOR SALE FOR SALE P.O. Box 13557, Denver, CO 80201 One of the Oldest Freight Co in US. Centrally located; Est 1995. Great Consistent long term profits. Upside Potential. Exp Mgmnt. Exp Mgmt Team. Approx $560k Rev, $47K EBITDA. Approx $3.5 MM Rev, $239K EBITDA. ADVERTISING INFO PROFITABLE HEAVY STEEL COLORADO PREMIER PLUMBING FABRICATOR AVAILABLE and Consistent profits. Exp Mgmt Team. HYDRONICS AGENCY Call Sandy Powell Mktg. all word of mouth; clients in FOR SALE Leading Manf Rep Co In Western Oil, Ag, Const and more. Great 141 S. College Ave. Upside Potential Approx US. Consistent profits. Exp Mgmt $6 MM Rev, Team. 50 Yrs Exp in Industry Approx Fort Collins, CO 80524 $500K EBITDA. $362K Rev, $196K EBITDA. Direct line: 970-232-3144 Call for info packet. [email protected] The Independence Group 888-891-0097 www.ncbr.com [email protected] Sept. 24-Oct. 7, 2010 | www.businessreportdaily.com Northern Colorado Business Report | 39A Completed Commercial Transactions Recently completed commercial transaction listings provided by area real estate firms. If you have a completed commercial transaction you would like considered for possible publication, please send transaction details to Noah Guillaume at [email protected]. Property Address 407 N. Denver Ave., Property Address 1720 W. Mulberry St., Loveland Suite A2, Fort Collins Listing Agent Craig C. 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Tania Milewski Seller FDIC, Receiver for New Frontier Buyer Don Drury Bank • No monthly service charge for less than 500 items Listing Price $249,000 Buyer 1130 Vault LLC Selling Price $205,000 Property Type Office (debits, credits and/or deposited items) posting to your Property Type Industrial Listing Price $925,000 account* Property Size 1,188 SF Selling Price $675,000 Closing Date Sept. 3, 2010 Property Size 7,937 SF • Minimum to open $100 – no minimum balance Type of Loan New Conventional Loan Closing Date Sept. 9, 2010 Loan Type Conventional Loan necessary to avoid service charge Property Address 820 S. College Ave., Property Address 393 N. Denver Ave., Fort Collins • FREE ChoiceOnline Banking Listing Agent Travis Ackerman – Sperry Van Loveland Ness/The Group Commercial LLC Listing Agent Craig C. Hau – Sperry Van • FREE Bank of Choice Online Bill Pay Selling Agent Travis Ackerman – Sperry Van Ness/The Group Commercial LLC Ness/The Group Commercial LLC Selling Agent Craig C. 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Denver Ave., Loveland Lease Term 12 Months Listing Agent Verlene Leeburg – Metro Brokers Selling Agents Mike Eyer & Julius Tabert – Property Address 3525 Mountain Lion Sperry Van Ness/The Group Drive, Loveland Commercial LLC Listing Agent Larry Melton & Dan Eckles – Seller BBVA Compass Realtec Buyer VKP Holdings LLC Selling Agent Mike Eyer & Julius Tabert – Property Type Industrial Sperry Van Ness/The Group Property Size 4,086 SF Commercial LLC Evans / 3635 23rd Avenue Listing Price $250,000 Seller M View Inc. Sales Price $250,000 Buyer Mountain View HS LLC Fort Collins – Drake / 1044 West Drake Road Closing Date Sept. 1, 2010 Property Type Land Business Type Carpet & Flooring Sales Size 1.67 Acres Fort Collins – Boardwalk / 4532 Boardwalk Drive Type of Loan SBA Loan Sales Price $85,000 Greeley – 10th / 3780 West 10th Street Closing Date Sept. 7, 2010 Property Address 3555 S. 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SEPTEMBER 16 speaker sponsors: associate sponsor: event sponsors: AT THE event architect: EMBASSYSUITES INLOVELAND 2B | Northern Colorado Business Report www.ncbr.com | Sept. 24-Oct. 7, 2010 Next generation of leaders looks ahead “ My finances no longer keep me up at night. Every year as we select our class ” of business leaders under the age of 40, I am more impressed — and I am hopeful for the future of As a business person, I continue to worry Northern Colorado. The honorees profiled in these pages are bright, about the uncertain economy. How will ambitious, active in the community and have chosen to live and work I retain my key employees, maintain a and contribute here in Larimer and standard of living for my family, save for Weld counties rather than bigger cities to the east or west or south. retirement, and meet on-going expenses? You may notice a slightly differ- ent format for our awards this year. I sleep better knowing that my wealth management In recognition of the smaller popu- advisor has helped me customize a plan for both short- lation of our region, we have chosen and long-range goals, ensuring the right solution mix to present awards to 40/40 Leaders in specific sectors, ranging from and periodically reviewing my plan’s performance. With general business to two nonprofit his sound advice, I’m better able to focus on my business, categories, for a total of 10 for 2010. knowing that I can handle whatever But don’t miss the 30 Rising Stars changes the next year brings. on page 7B of this guide, because they are on the horizon and could quite possibly be in the running for Trust the team of experts the 40/40 Leaders Class of 2011. at First National Wealth Thanks to all of you for all you Jeff Nuttall, publisher Management to help you do. Northern Colorado Business Report customize a financial plan that is right for you. Best wishes Visit any of our locations in Fort Collins, Loveland, Greeley, and Boulder, or call us at 970.495.1293. Table of Contents Business Services and Consulting...... 3B Accountable Advice Industry and Technology ...... 5B Financial Services ...... 5B General Business ...... 5B 1stnationalbank.com Nonprofit — Business Support...... 5B Nonprofit — Health and Human Services...... 6B, 7B Financial Planning | Investment Management | Trust & Estate Services | Private Banking Real Estate, Construction & Development...... 7B Deposit and lending products are *OWFTUNFOU QSPEVDUT NBZ HP EPXO JO WBMVF t BSF OPU '%*$ JOTVSFE t BSF OPU B EFQPTJU t BSF OPU HVBSBOUFFE CZ UIF CBOL t BSF OPU JOTVSFE CZ BOZ GFEFSBM HPWFSONFOU BHFODZ Member Sept. 24-Oct. 7, 2010 | www.businessreportdaily.com Northern Colorado Business Report | 3B Business Services and Consulting Business Services and Consulting Colette Rose Matt Sattler A-Train Marketing MacFarlane Communications Inc. SOS Staffing Production manager Senior account executive Age: 28 Age: 32 Hometown: Loveland Hometown: Madison, Wis. Civic Affiliations: Loveland Rotary, Leadership Northern Colorado steering Civic Affiliations: Ongoing volunteer work through A-Train's membership in the committee, Leadership Fort Collins steering committee, Crossroads Church United Way of Larimer County's Business Cares program HIV/AIDS Action and Awareness Committee, Front Range Community College Education: Bachelor of Arts in Economics, Colorado College Business Advisory Board, Poudre School District Workforce Taskforce, McKee First job: Salesperson for Trek Bicycle Store Medical Center Foundation Gala Committee, Primary Employer Research Program - Last book read: Several books at once-trying to learn the finer points of building NCEDC/FC Chamber, Colorado State University College of Business volunteer raised garden beds/organic gardening. Education: Bachelor of Science in Business Administration, marketing Last concert attended: Earl Scruggs at NewWestFest concentration, Colorado State University If I didn't live in Colorado I would live in: I'm very attached to Colorado, but Hawaii First job: Wrangler at Ellis Ranch would be my second choice. Last book read: “Sabbath” and “The Girl with the Dragon Tattoo” One more random thing about me: As an avid scooter rider, by the end of the Last concert attended: Steve Seskin, Songwriter summer I will have scootered the equivalent distance of coast to coast and back If I didn't live in Colorado I would live in: Montana again. One more random thing about me: I have participated in and led mission trips including trips to Mexico and South Africa. Success becomes you. Scentsational good wishes. 3710 Mitchell Drive, 970.226.0200 205 North College, 970.482.1481 Fort Collins www.palmerflowers.com ($ )$ " ( *" + ,$-+# $ ! trust EKS&H applauds the dynamic leadership and social responsibility of !e Northern Colorado Business Report’s 40/40 Leaders Award nominees and winners. Colorado’s largest locally owned public accounting and consulting "rm. Serving others and building trust. www.eksh.com DENVER FORT COLLINS BOULDER Sept. 24-Oct. 7, 2010 | www.businessreportdaily.com Northern Colorado Business Report | 5B Industry and Technology Financial Services Rochelle Pettigrew Justin Davis Wells Fargo Advisors Eldon James Corp. Certified financial planner Marketing Communications Age: 28 Age: 36 years grey Hometown: Modesto, Calif. Hometown: Flagstaff, Ariz. Civic Affiliations: Steering committee for Leadership Fort Collins, Board member for Civic Affiliations: NoCo2030, Overland Sertoma, Partners Mentoring Youth, SpokesBUZZ Leadership Fort Collins, Leadership Northern Colorado Education: Bachelor of Science in Management of Information Systems, Colorado Education: Bachelor of Arts in both Criminology and Psychology, Northern Arizona Christian University University; Certified Financial Planner board-certified program, Kaplan University First job: Receptionist at a local real estate office First job: Red Lobster Last book read: “Slumdog Millionaire” Last book read: “The Big Short” by Michael Lewis Last concert attended: Kenny Chesney in Las Vegas Last concert attended: U2 360 tour If I didn't live in Colorado I would live in: Hawaii If I didn't live in Colorado I would live in: The second best city I could find – probably One more random thing about me: If I had an endless amount of time, I would spend somewhere in Italy. it traveling the world and meeting new people. One more random thing about me: I like to yell “COCKTAILS!!!” when I am playing craps, but I don’t have Tourette’s. Nonprofit — Business Support General Business Stacy Johnson Matthew Northern Colorado Economic Development Corp. Brunner Director of Business AlphaGraphics Retention & Expansion Head of Business Development Age: 39 Hometown: Loveland, CO Civic Affiliations: Economic Development Council of Colorado; Front Range Community College Business Advisory Board; International Economic Development Council; Leadership Jefferson County Graduate and Alumni Association; Loveland Chamber of Commerce board; Loveland Downtown Business Team; Metro Denver Economic Development Corp.; National Association Age: 30 of Industrial and Office Properties (NAIOP); National Honor Society and Society of Hometown: Windsor Professional Journalists at the University of Northern Colorado; Northern Colorado Business Civic Affiliations: Lions Club International, Realities For Children, Assistance Consortium; Rocky Mountain Innovation Initiative board; Larimer County 4-H Co- APICS/NOCO, WAYS Organizational Leader; Larimer County Fair and Rodeo Livestock Sale; Loveland Elks Club: Little Education: Bachelor of Science, Business Administration, Colorado State University Britches Rodeo, Hoop Shoot and Community Festival; Loveland Corn Roast Festival — Go Rams!! Education: Bachelor of Arts in Journalism, Public Relations and Advertising Media, University First job: Tee-ball umpire of Northern Colorado; Graduate, IEDC Economic Development Institute, University of Last book read: “Memorial Day” by Vince Flynn Oklahoma Last concert attended: Flobots First job: Loveland Chamber of Commerce If I didn't live in Colorado I would live in: St. Thomas, in The Virgin Islands Last book read: “Fight Like a Girl” and “Shutter Island” One more random thing about me: I could — and sometimes do — eat cereal for Last concert attended: Tim McGraw each meal of the day. If I didn't live in Colorado I would live in: I wouldn’t live any place else besides Colorado. One more random thing about me: I love science. First started out studying biological science and genetics at CSU, then ended up in business! 6B | Northern Colorado Business Report www.ncbr.com | Sept. 24-Oct. 7, 2010 Nonprofit — Health and Human Services Nonprofit — Health and Human Services Amy Pezzani Food Bank for Larimer Zachary Penland County Larimer Center for Mental Health/The Murphy Center for Hope Executive director Program supervisor Age: 32 Hometown: Grand Forks, N.D. Age: 38 Civic Affiliations: Emergency Food and Shelter Program Board, Pathways Past Hometown: St. Louis Poverty Public Policy Committee Civic Affiliations: Rotary Club of Fort Collins, serve on boards of Hunger Free Education: Bachelor of Arts in Psychology, University of North Dakota Colorado and Feeding Colorado, Poudre School District volunteer. First job: Paper route Education: Bachelor of Science, Southwest Missouri State University Last book read: “The Great Shark Hunt” by Hunter S. Thompson First job: Burger King at 15 1/2 ; had to get a worker's permit since I wasn't 16. Last concert attended: Nine Inch Nails/Jane’s Addiction Last book read: Just started reading “Kite Runner” If I didn't live in Colorado I would live in: New York Last concert attended: E-Town featuring the Indigo Girls One more random thing about me: I met my wife in second grade. If I didn't live in Colorado I would live in: Portland, Ore. One more random thing about me: I love to be active — cycling (mountain and road), running, hiking — and it definitely helps with stress management! GET YOUR BUZZ ON... Facebook®… Branding … Twitter®... PR ... What does it all mean? Don’t worry; we’ve got you covered. A-Train Marketing Communications, Inc. is a full-service agency committed to bringing attention to you. From strategic planning and message definition, branding and positioning to print & web communications — and Facebook® and Twitter® — we do it all. And we do it all to give you the buzz you deserve. Stop by our booth at Bixpo and see what the buzz is all about. www.atrainmarketing.com 215 W. Oak Street, Suite 800 A ph: 970.419.3218 Fort Collins, CO 80521 fx: 970.482.3442 Sept. 24-Oct. 7, 2010 | www.businessreportdaily.com Northern Colorado Business Report | 7B Nonprofit — Health and Human Services Real Estate, Construction & Development Heather Green Nathan Klein Loveland Commercial LLC Consumer Credit Counseling Partner / Broker Associate Service of Northern Colorado and Southeast Wyoming Director of Counseling Age: 29 Hometown: Yuma, Colo. Civic Affiliations: Northern Colorado Active 2030 Children's Foundation; Northern Age: 34 Colorado Commercial Association of Realtors; Loveland Chamber of Commerce; CSU Hometown: Cody, Wyo. Everitt Real Estate Center; Northern Colorado Economic Development Corp.; International Civic Affiliations: Served in the Peace Corps in Bolivia from 1999-2001 Council of Shopping Centers; Immanuel Lutheran Church, Loveland; Certified Commercial Education: Bachelor of Arts in Economics, University of Wyoming Investment Member (CCIM): Candidate and member of Colorado/Wyoming chapter. First job: Waitress at Tippins Pie and Pantry in Overland Park, Kan. Education: Bachelor of Science, Business Administration, Finance and Real Estate, Last Book Read: “Secret Life of Bees” Colorado State University — Graduated Summa Cum Laude Last Concert Attended: Tori Amos First job: Technically, my first job was working for my father on our small family farm in If I didn't live in Colorado, I would live in: Cody, Wyo. Eastern Colorado; probably started doing actual work feeding animals, mowing the lawn, One more random thing about me: I am a graphologist (handwriting analyst). around 6 or 8 years old. Worked as farmhand, responsible for everything from care of livestock to all areas of farming and machinery operation, until I graduated from high school Last book read: “Learned Optimism” by Martin Seligman Last concert attended: Keith Urban If I didn't live in Colorado I would live in: I'm a native of Colorado and love it here, but if I had to choose, I would say somewhere with a beach. One more random thing about me: Played baseball at CSU and was a member of the first 30 Rapidly Rising Stars NCBA National Championship Team in 2004 (they have now won six out of the last seven national championships). The following people are on the radar for their continuing contributions to Northern Colorado business and their community. Ryan Bach Jo Ellen Lantz Water Valley Land Co. and Alliance Constructions Solutions BSZZ bVS[ Eagle Rock Realty and Management LLC Sean Macready Valorie Baird Best Western Crossroads Inn g]c¸`S ]\S SOS Staffing and Conference Center Russell Baker Michelle Marison ]T bVS U]]R Fuller Real Estate Home Team Lending Heather Buoniconti Jared Meier Ucga Food Bank for Larimer County Sun Mountain Inc. Susan Byrum Kevin Minner She She Nail and Wax Lounge First Bank 3ZW[W\ObS bVS UcSaae]`Y T]` Q]\ac[S`a Melissa Craven Jennifer Peters Anderson & Whitney PC Otis, Coan & Peters LLC <]e []`S bVO\ SdS` Q]\ac[S`a O`S QO`STcZZg QVSQYW\U ]cb PcaW\SaaSa PST]`S a^S\RW\U BVS 000 b`cab[O`Y PSaWRS g]c` Q][^O\g UWdSa Q]\ac[S`a Justin Crowley Andrea Ridder Q]\TWRS\QS´O\R ^`]dWRSa g]c eWbV O ^]eS`TcZ Q][^SbWbWdS SRUS Affiliated Financial Group Level Six PR Emily Dawson-Peterson Justin Sasso % W\ Q]\ac[S`a aOg bVSg e]cZR PS []`S ZWYSZg b] Pcg T`][ O Q][^O\g Larimer Center for Mental Health 1310-KFKA AM RSaWU\ObSR Oa O 000 /QQ`SRWbSR 0caW\Saa % >`W\QSb]\ @SaSO`QV 4W\RW\Ua Susanna Dominguez Matt Shoup A-Train Marketing M&E Painting G]c¸`S W\ U]]R Q][^O\g eWbV bVS Brian Fabrizio Kristi Siedow-Thompason 0SbbS` 0caW\Saa 0c`SOc New York Life FRII 7\abO\bZg Q][[c\WQObS g]c` SbVWQOZ b`OQY `SQ]`R´bV`]cUV bVS 000 /a O Jenny Florez Jarrod Spivack 000 /QQ`SRWbSR 0caW\Saa g]c QO\ T`SSZg RWa^ZOg bVS eSZZY\]e\ b`cab[O`Y Alphagraphics Accounting Systems Inc. bOYS ORdO\bOUS ]T ]\ZW\S b]]Za bVOb R`WdS Q]\ac[S`a b] g]c` PcaW\Saa JJ Hannah Matt Strauch ab`SbQV g]c` [O`YSbW\U R]ZZO`a bV`]cUV 000 ]cb`SOQV STT]`ba O\R WT g]c Keller Williams Bas Bleu Theater Co. _cOZWTg ^O`bWQW^ObS W\ ]c` >W\\OQ]Z e]`YS`a¸ Q][^ U`]c^ /\R bVOb¸a Xcab bVS PSUW\\W\U Kathleen Hickey Mike Tarantino RC Special Events Investment Centers of America ASS WT g]c [OYS bVS U`ORS Kyle Holman Kristi Tegtman 7T g]c` TW`[ Wa OZ`SORg b]^ R`OeS` [OfW[WhS g]c` P]bb][ City of Greeley Department of Leisure Services Aims Community College ZW\S Pg PSQ][W\U O 000 /QQ`SRWbSR 0caW\Saa Jeffrey Kadavy Nicolle Tryon First National Bank A-Train Marketing eg\Q] PPP ]`U '% " " & #$" !% Our Core Values • Respect for the wishes of our donors • Highly personalized service • Collaboration • Nonpartisan civil discourse • Organizational transparency and stability • A long-term perspective Our Priorities Our Vision • Philanthropic Resources: Providing education, expertise and incentives to build permanent endowments that will strengthen To be the regional leader in building a more engaged, and sustain Northern Colorado philanthropic and visionary community. • Regionalism: Serving as a unifying force in Northern Colorado by promoting regional cooperation • Sustainability: Providing a forum for productive discussions that will help balance regional concerns about growth, the environment and economic vitality Financial Summary: Fiscal year ended June 30, 2010 Gifts Received $4,871,202 Assets $41,614,541 Grants and Program Distributions $3,126,534 Initiatives, Special Projects and Collaborative Efforts UniverCity Connections www.UniverCityConnections.org Homeward 2020 www.Homeward2020.org The Community Foundation of Northern Colorado is a nonprofit, public foundation established 35 years ago to encourage and assist those who FortZED www.FortZED.com want to be a part of shaping the future of our region. Leadership Northern Colorado We’re working to build permanent endowments for the benefit of www.LeadershipNorthernColorado.com charitable causes and organizations in our region. With over $40 million Poudre School District Foundation in assets, the Community Foundation of Northern Colorado is home to www.PSDFoundation.org more than 300 individual charitable funds, including 30 local nonprofit Homeless Gear endowment funds and dozens of Donor Advised funds representing www.HomelessGear.com individuals and businesses throughout the region. Veterans Plaza of Northern Colorado www.VeteransPlazaNoCo.org We make it easy to create a charitable legacy through the creation of your own custom designed permanent endowment fund. When you Rialto Bridge Campaign make your tax-deductible gift to the Community Foundation, you directly www.RialtoBridgeCampaign.org impact the charitable organizations or projects of your choice. By pooling Staff charitable funds for greater investment return, we keep overhead Ray Caraway Dr. Phil Farley Bryce Hach expenses low, allowing donors to maximize their charitable giving. President Director, Loveland Homeward 2020 Stephanie Community Director The Community Foundation connects people to the nonprofit sector in Cashman Relations Jeri Hollifield ways that inform and inspire their philanthropy and community Chief Financial Roxanne Fry Donor Services involvement. We significantly impact Northern Colorado by annually Officer Chief Operating Coordinator Chelsea Defoort Officer Jim Reidhead distributing millions of dollars to local nonprofits and by bringing people Project Coordinator UniverCity Connections together through initiatives, forums and educational events. For those Director who wish to give back to their community, we serve as a long-term, strategic partner to make their donations of time and money more Contact Information effective and enjoyable. 4745 Wheaton Drive, Suite 100, Fort Collins, CO 80525 Contact us at (970) 224-3462 or [email protected] to 970.224.3462 • [email protected] www.CommunityFoundationNC.org learn more about establishing a charitable fund. www.Facebook.com/CommunityFoundationNC