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Device Makers Brace for Fed Tax by BETH POTTER Other Things

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Device Makers Brace for Fed Tax by BETH POTTER Other Things 1A 1A 1A1A May 25 - June 7, 2012 BLUEPRINTS SECTION B CONSTRUCTION | HOME BUILDING | REMODELING DIRECTORY FOR BOULDER AND BROOMFIELD COUNTIES MERCURY 100 BLUEPRINTS MERCURY 100 The wizards at OZ Architecture .....................2B DirectoryKGA maneuvers industry featuring reset ......................4B contact Meet the 100 fastest-growing informationDirectory of building industry businesses for.....6B construction companies in Boulder Valley SECTION B SECTION D $1 Volume 31 Issue 12 | May 25 - June 7, 2012 Device makers brace for fed tax BY BETH POTTER other things. [email protected] 2.3% levy could affect research, “With innovation and research and development, the overall BOULDER — Local companies amount of dollars you could put are strategizing about how to cope workforce at area medical firms into investment here would be with a 2.3 percent federal tax on on research and development at its energy-based device division in decreased, so it could impact us medical devices that’s slated to go new $18 million Innovation Center Boulder. here,” Newhart said. into effect in 2013. in Boulder when the tax goes into Covidien workers in Boulder Researchers work on making Covidien Plc anticipates a effect, according to Marta Newhart, manufacture surgical and respira- new medical devices for Covidien decrease in how much it can spend a spokeswoman for the company’s tory monitoring devices, among ➤ See Tax, 7A City, Xcel TENNIS ANYONE? Rocky Mountain Tennis Center in Louisville on drawing board at odds over utility incentives BY MICHAEL DAVIDSON [email protected] BOULDER — The chief executive of Xcel Energy Inc.’s Colorado unit and Boulder’s city manager have dif- fering opinions about the company’s request to modify the terms of incen- tive programs for Boulder customers: Is it justified because of the risk that the city will form a municipal utility, or is it an attempt to discriminate? ➤ See Utility, 14A COURTESY COLORADO TENNIS FACILITIES LLC The Rocky Mountain Tennis Center in Louisville is expected to have 33 tennis courts when its three phases of construc- tion and development are completed. Colorado Tennis Facilities LLC is building the tennis club at 1326 S. 96th St. near Dillon Road in Louisville. See story, 13A. Eves Brautigam CONTENTS Serving Boulder & Broomfield Counties Real Estate Awards ................... 18A For the Record ....... 16A Visit bcbr.com for breaking news & Development BCBRdaily ................ 2A Medical File .............. 9A Steel Ranch in Louisville ...... 10A Business Digest ..... 18A Nonprofit Network .. 19A Calendar ................. 18A On the Job ............. 19A The Edge CEO Roundtable ...... 4A Product Update...... 19A Sales teams’afflictions ......... 15A Editorial .................. 22A Publisher’s Notebook .22A Eye ........................... 3A Real Estate ............. 20A Green Building Guide Directory ...................... Section C Distinctive Homes’ Real estate rebound ...Section F 2A 2A 2A | May 25 - June 7, 2012 Boulder County Business Report | www.bcbr.com Seagate hiring engineers at Longmont plant Editor’s note: The following is a wrap- said. Seagate’s Longmont campus is Class of 2009. up of breaking local business stories BCBR Opinion Poll home to one of the company’s two Next Big Sound is moving because Our online question: published daily on the Boulder County U.S. design centers. it needs better access to the music Who will you vote for in th 100 Business Report’s website. Sign up 10 20 30 40 50 60 70 80 90 Seagate also continues to expand industry, chief executive Alex White 0 presidential election in November? for our free BCBRdaily, an all local a hybrid technology in the industry, said. e-news report sent to your email each which combines traditional magnetic Next Big Sound also needs access to Barack Obama weekday. Just click on “Register for recording data storage drives with software developers with experience 52.9% E-Newsletters” at www.BCBR.com. solid-state data storage drives, Martini in “big data,” White said. Many of the said. In addition, the company recently developers it is hiring have experi- Mitt Romney BY BUSINESS REPORT STAFF bought the hard disk drive business of ence in the financial industry and are 32.7% [email protected] Samsung, a division of Samsung Elec- located in the New York area, he said. tronics Corp. in South Korea. About two-thirds of the company Someone else (tell us who) LONGMONT — Data-storage already works out of Next Big Sound’s 5.8% company Seagate Technology Inc. is office in New York’s Flatiron Dis- looking to hire 117 new workers — BCBR DAILY trict, and eight of the company’s 10 Undecided mostly engineers — by the end of employees will be relocating effective 8.6% June, a spokeswoman said May 18. Seagate in Longmont employs June 1. One designer is remaining in The new workers will help Cuperti- more than 1,100 people. Across the Boulder to work remotely. 104 responses from April 24 to May 22, 2012 no, California-based Seagate (Nasdaq: company, it shipped 60.7 million Leaving Boulder is a necessary This poll is not scientific and reflects only the STX) to expand its line of products product units during the first quarter step, but Next Big Sound’s early years opinions of those Internet users who have chosen — including its new GoFlex Satellite of 2012, generating $4.4 billion in in the city were crucial, White said. to participate. The results cannot be assumed to represent the opinions of Internet users in general, Wireless storage product, which can revenue and $938 million in operat- The company’s founders moved to nor the public as a whole. store 300 movies and stream them ing cash flow, according to a report Boulder for the TechStars startup wirelessly to a tablet device. filed with the U.S. Securities and accelerator program, and almost all of Take the BCBR Opinion Poll online at BCBR.com. The company makes hard drives Exchange Commission. its hires relocated to Boulder. found in computer desktops and lap- Posted May 18. Boulder-based VC firm Foundry tops, various related consumer elec- Group is a major investor in the com- accelerator program there, which was tronic storage and “nearline” storage Next Big Sound moving pany, and Foundry Group managing featured on Bloomberg’s television systems, which can store data for BOULDER — Next Big Sound director Jason Mendelson is a board network. small businesses, said Cindy Martini, Inc. is taking its next big step and will member. David Cohen, TechStars’ Next Big Sound raised a $6.4 mil- a Seagate spokeswoman in Longmont. move its headquarters from Boulder co-founder and CEO, was an angel lion investing round in January, with Seagate in Longmont already has to New York City. investor. New York-based VC firm IA Ventures hired 86 new workers and 38 interns Next Big Sound tracks bands’ pop- New York is developing its own investing and a partner joining the since January, to work mostly on ularity on social media platforms such scene for startups, primarily located board of directors. design engineering and reliability as Facebook and YouTube. The com- around the Flatiron and Union Square Posted May 18. testing of company products, Martini pany was a member of the TechStars areas, White said. TechStars hosts an ➤ See BCBRdaily, 23A 2012 Boulder Economic Summit Presenting Sponsor Tuesday, June 5, 2012, 8:00 - 12:00 Our fifth annual Boulder Economic Summit features a fresh approach with a few new twists. Exciting new location. Brand-new Jennie Smoly Caruthers Biotechnology Building on the East Campus of the University of Colorado Boulder. Gold Sponsors New format and schedule with more time to connect with industry, academic, and community leaders. Join us to learn about new initiatives to support innovation and more. Speakers include: Tom Cech, Nobel laureate and Director, Biofrontiers Institute, Distinguished Professor of Chemistry and Biochemistry, University of Colorado Boulder Silver Sponsors Phil DiStefano, Chancellor, University of Colorado Boulder Thomas Frey, Futurist and Executive Director, The DaVinci Institute Ken Lund, Executive Director, Colorado Office of Economic Development and International Trade Monisha Merchant, Senior Advisor for Business Affairs, Senator Michael Bennet’s Office Richard Wobbekind, Economist and Senior Associate Dean for Academic Programs, Bronze Sponsors Media Sponsors University of Colorado Boulder Don’t miss this event! Register today at www.bouldereconomiccouncil.org/news-events General Sponsors Amgen | Ball Aerospace Boulder Area Realtor Association Boulder County | Celestial Seasonings Registration: $65 pre-registered ($60 Boulder Chamber members), CliftonLarsonAllen $70 at the door (if seats are available). Corden Pharma Colorado | Google Boulder Economic Council, 2440 Pearl Street, Boulder, CO 80302, 303.442.1044 3A Boulder County Business Report | www.bcbr.com May 25 - June 7, 2012 | 3A RidgeviewTel’s bankruptcy won’t disrupt Wi-Fi Company will continue bankruptcy on April 24 and plans geviewTel were set up so that the Once a year, the two groups settle to emerge from the process within city and RidgeviewTel basically pay up the small dollar differences in to manage wireless ’net the next few months, according to about $43,000 to each other every what they owe each other, Roiniotis for city of Longmont Nicolae Toderica, RidgeviewTel’s year for the infrastructure and the said. president. RidgeviewTel is open operations, said Tom Roiniotis, RidgeviewTel was hired in 2009 BY BETH POTTER and operating at an office at 2101 director of Longmont
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