NEWS Tuscany DA going small — nano-small Fort Collins company developing tools for nanoscopic chip design Mercury 100 Page 3A $ 1 Region’s fastest May 11-24, 2007 growing Vol. 12, No. 17 companies www.ncbr.com Section B
UNC tech transfer office underway State grant funds venom research to Dallas visit offers rail-center view advance bioscience Page 3A
during a mid-April mission to a 750 trucks daily move in and out of rail center will put 7,000 people to Weld delegation huge Union Pacific rail transfer cen- the sprawling center, taking con- work and fill 15 million square feet ter near Dallas, similar to one pro- tainerized cargo off Union Pacific of commercial and industrial space, learns how 7,000 posed for a 600-acre tract south of trains arriving from Los Angeles Burkhardt said. Fort Lupton. and shipping it throughout a region After Burkhardt and others, jobs could result Officials from Brighton, Fort with a 250-mile radius. including Brighton Economic Lupton and Upstate Colorado Eco- “The basis for that facility is to Development Corp. Director Susan By Tom Hacker nomic Development spent about 90 bring in containers from Long Stanton and Fort Lupton Planning Centerra medical [email protected] minutes touring the $100 million Beach, then break them down for Director Tom Parko, met with office filling up intermodal terminal that opened in distribution,” Upstate Colorado Union Pacific officials and toured Physicians, medical FORT LUPTON — The eco- September 2005 on the southeast President Larry Burkhardt said. the rail center, Burkhardt said a pic- service providers nomic future of southern Weld edge of the Dallas metroplex. A build-out plan for business ture emerged that told the group flock to MCR wing County came into sharper focus There, the group learned how parks that are adjacent to the Dallas See INTERMODAL, 32A Page 5A THE EDGE Water ruling may come too late for IrrigationIrrigation woeswoes OCC bars South Platte wells banker from By Steve Porter hanghang overover springspring [email protected] Start your GREELEY — A judge in Divi- industry business right sion 1 Water Court in Greeley will Figuring out legal decide if a plan by the Central Col- plantingplanting sseasoneason issues can save orado Water Conservancy District’s time, money later Water Augmentation Subdistrict Embezzlement, Page 9A can get water pumping again in wells shut down along the South criminal charges Platte River. SPECIAL But even a favorable ruling will for Renae Johnson REPORTS likely not come in time to rescue well-based irrigators from another By Kristen Bastian year of ongoing drought in the [email protected] region. Judge Roger Klein will make a A former Windsor banker is ruling on the plan, which was pre- barred from the industry and may Greeley/ sented by the district’s attorneys face four to 12 years in prison for Weld business and attacked by a coalition of allegedly embezzling more than objectors during a month-long trial $125,000. Greeley continues that ended May 3. The testimony Renae Johnson branding despite included dueling studies by both served as the string of bad luck sides as to the plan’s viability in branch president Page 19A restoring pumping rights to well at First National LISTS owners in the river basin while not Bank of Jules- Region’s largest injuring the more senior rights of burg’s Windsor cities, ditch companies and other location for sever- Privately-held affected parties. al years — an Michael D. Wailes, Northern Colorado Business Report companies Klein’s ruling is likely to take institution not JOHNSON Page 17A several weeks, a prospect that LOST CROP — Onion sets wither in the parched dust of a field in Weld County where loss of related to Fort decreases the likelihood of about wells that provide irrigation water threatens the upcoming planting season. Collins-based First National Bank. Greeley/Evans 200 farming operations dependent In January, she was charged by the employers on well water from harvesting a some. “I think it’s pretty much a farce Weld County District Attorney’s Page 23A crop this year, even if the judge Don Jones, a former president of as to how that will come out,” he Office with one count of theft of rules in their favor. Morgan County Economic Devel- said. “We’re going to lose the 2007 more than $15,000 — a class 3 If that happens, it would be the opment Corp., who farms his own planting season, thank you, Judge felony — and nine counts of theft of second year in a row that well- land and manages land for others, Klein. We’re part of Colorado out $500 to $15,000 — a class 4 felony. dependent farmers have not had said he doesn’t hold much hope for here, too, but we just keep getting The charges stem from incidents enough water to grow crops — a sit- a positive outcome from water screwed.” dating back to September 2004 when uation that will be devastating to court. See WATER, 26A See JOHNSON, 37A
2A The Northern Colorado Business Report May 11-24, 2007 Clean Energy Cluster gains attention, new members
were featured. mittee; an economic development, compet- Upstate joins board, In addition, a reporter for Monocle mag- itiveness and innovation committee; and a azine has visited the Fort Collins and Boul- fiscal/fund-raising committee. concerted effort puts der areas researching a yet-to-be published “It corroborated for us Work to advance the cluster is also being article focusing on the clean-energy indus- taken on by other groups that do not hold a NoCo atop sector try. Monocle is an international publication that we are kind of the stake in the board. The Northern Colorado based in London with readers in the United Network, or NoCoNet, volunteered time to By Kristen Bastian States, Europe and Asia. conduct company surveys in the clean- kb [email protected] lead horse out of the energy industry. Emerging player NoCoNet formed as a support group for If Larimer and Weld counties become T he attention is not only flattering but gate.” laid-off technology workers in Northern the Silicon Valley of clean energy, the region also proof that Northern Colorado is Colorado. Its original goal was to help re- will have the Northern Colorado Clean emerging as a top runner in the clean-ener- Judy Dorsey, president employ the talented masses affected by Energy Cluster to thank. gy industry. technology bust, but it soon grew beyond A year into its formation the cluster is “It corroborated for us that we are kind The Brendle Group just technology workers. Pete Way, owner of already making strides toward that goal. of the lead horse out of the gate,” said Judy consulting firm VentiMar LLC and a long- Since the start of the year, Northern Col- Dorsey, president of engineering consulting time board member of NoCoNet, said that orado has been the focus of two national firm The Brendle Group and leader of the an interest in learning more about the needs stories on clean energy, the cluster has cluster. Burkhardt indicated that Upstate was con- of the clean-energy industry by a number of formed a board of directors and it is part- As the cluster is garnering outside atten- ducting a feasibility study on the clean- and members spurred the partnership with nering with other groups to take an inven- tion it is also moving into a new stage inter- alternative-energy industries to determine NCEDC and the cluster. tory of the industry’s current strengths and nally. In February, the cluster pulled togeth- what role Upstate might have in advancing Using a survey designed in part by the needs. er a board of directors headed by Chad that area. cluster and NCEDC, 20 NoCoNet members The cluster was officially launched in Preiss, vice president of industrial controls Now, Upstate joins Woodward Gover- volunteered their time to visit with clean May 2006. Earlier this year, the Internation- for Woodward Governor Co. Dorsey nor, the city of Fort Collins, Larimer Coun- energy companies. some gathered more al Economic Development Council high- explained that the board is almost a reincar- ty, CSU, the Fort Collins Chamber of Com- than information, according to Way. lighted Northern Colorado as one of three nation of the organizing committee, with a merce, the Northern Colorado Economic “Some of them have gone on to work in regions in the nation — along with Cleve- few new additions. Development Corp. and Spirae Inc. with a clean-energy companies,” he said. land and the Pacific Northwest — develop- Upstate Colorado, Weld County’s eco- stake in Northern Colorado’s clean-energy An April 17 report based on the survey ing clean-energy business clusters. nomic development agency, has officially future. includes results from 56 clean-energy and The January report focused on the joined the cluster, and now holds a seat on related businesses. efforts of the cluster, which includes busi- the board. Dorsey said that it was never Advancement priorities The report showed that the region has nesses involved in smart grid technologies, truly a case that the organization was not a One of the first priorities for the board is more than 3,400 workers at companies renewable energy and energy efficiency, and part of the cluster, just that the board seat to create a true legal entity — most likely a working, at least in part, on clean-energy cleaner and more efficient engines. Col- makes Upstate’s participation formal. nonprofit — for the cluster. Dorsey said technologies. In those 56 businesses, there orado State University and its Engines and Larry Burkhardt, president and CEO of that the board is also taking on myriad are currently 63 available positions and the Energy Conversion Lab, which is providing Upstate, was out of town and not available other tasks through a variety of committees resources for a number of industry startups, for comment for this story. Last fall, including an outreach and integration com- See CLEAN, 33A
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THE Seed storage facility expansion under way
program that will virtually double its storage Construction delays capacity and meet its needs for the next 15 to 20 The crowded ark EYE years. put project behind “We’re cramped,”said Dave Ellis, the center’s The National Center for Genetic Resources curator and a plant physiologist. “We have 80 Preservation, 1111 S. Mason St. on the Colorado scheduled completion percent of the world’s wheat and corn State University campus, was started in the 1950s germplasm and 100 percent of the rice stored and is part of the USDA’s Agricultural Research Green-wash, By Steve Porter here. If we would lose any of the germplasm it Service. Formerly called the National Seed Storage [email protected] could jeopardize our future food security.” Laboratory, it changed its name in 2001 to reflect pseustainable: Ellis said the center is adding another giant an expanded mission. The facility houses 700,000 FORT COLLINS — It’s getting a little 5,000-square-foot storage freezer to keep up collections of plant seeds and 300,000 bits of ani- new words for cramped in the seed storage facility on the Col- with the seed storage demand. The expansion mal genetic material from all over the world, and orado State University campus. project got underway in January 2006 but com- relies on 30 field offices across the nation to sup- The low-profile facility is home to millions plications with insulation specifications, refrig- ply and replace seed material. our times of seeds and thousands of animal genetic mate- eration handling capacity, parts availability and rial samples. And with about 20,000 samples of subcontractor snafus have put the project about New Belgium Brewing new seeds coming in for storage every year, the one year past its original completion date. $907,000. Notice to proceed was given to Bison Co., the Fort Collins-based center has run out of space to properly store A contract was awarded to general contrac- Constructors to begin work on Jan. 4, 2006, standard bearer for sus- everything. tor Bison Constructors of Stanley, N.M. to com- with completion set for May of that year, tainable and environmen- That’s why it’s in the middle of an expansion plete the project for a total bid of about See SEEDS, 16A tally sound business prac- tices, has suddenly found itself in the eye of a storm FOCUS about who’s green and Small-scale who’s not. The Eye has been awash in a cascade of arguments that New Belgium has dis- software tools torted its environmental record, especially with regard to the energy it uses grow big ideas to brew beer at the Linden Street plant. The carrier of all this bad news about New Bel- Tuscany DA using gium, Fort Collins resident Eric Sutherland, did not venture capital on invent the word “green- washing,” a term that nanochip design describes false or mislead- ing claims about a compa- By Kristen Bastian ny’s friendliness to the [email protected] planet. But Sutherland, a for- FORT COLLINS — A Fort Collins compa- mer New Belgium employ- ny is tackling the big issue of designing ee, is using the word a lot extremely small microchips — and is getting in his campaign to set big venture capital bucks to do it. straight a record that he Michael D. Wailes, Northern Colorado Business Report Tuscany Design Automation Inc.’s tech- says New Belgium has mis- OPEN WIDE — Researchers at the University of Northern Colorado are studying snake venom to find new biochemical com- nology could change the way critical parts of characterized. He has even pounds for uses in medical and biological applications. The University’s tech transfer office has funded the project to link an increasing number of chips are designed. coined another adjective, the research with possible commercialization. The company has developed an electronic “pseustainable,” to describe design automation software to design what he calls the brewer’s nanoscopic custom chips more effectively false claims of sustainabili- and efficiently. ty. UNC uses state grant As technology has advanced, electronics The flap started — pub- components have become much more efficient licly, at least — April 18 at — and much smaller. Today, the most complex the Northern Colorado chips are custom designed by engineers using Business Report’s Green to advance bioscience electronic tools to place components and wires Summit, a day-long event that are not visible to the naked eye. The com- cosponsored by the city of ponents going into these chips can measure Fort Collins. talked about before,” she said. 250th of the width of a human hair. A panel on wind power Tech transfer office Wacker said that great research has been “The problem is that most of the standard featured New Belgium under way at UNC for a long time, but there tools used to auto-design chips were made for President and CEO Kim starts out quietly to has never been a concentrated effort to move lower performance, lower cost chips,” explained Trevor Loy, managing partner of See THE EYE, 35A those technologies into commercialization. fund venom research “We’ve been doing the research all along,” venture capital firm Flywheel Ventures. she said. “The next step is to make the connec- But the demands of today’s consumer are By Kristen Bastian tion (with the business world).” pushing companies to design more complex [email protected] The link might come in the form of com- components at a cheaper price. For example, INSIDE mercial applications for discoveries that biolo- portable music players are integrating more Banking ...... 8A GREELEY — When transfers of technology gy professor and snake expert Steve Mackessy technologies, requiring more complex chips, Brie fcase ...... 10A from university researchers to commercial makes in his laboratory, where he identifies but companies can’t charge personal comput- Calendar ...... 13A applications are discussed, schools mentioned previously unknown compounds in snake er prices for the highly advanced devices. Classifieds ...... 33A usually include Colorado State University or venom. With the playing field for high-perfor- Commentary ...... 34A the University of Colorado. Now the Universi- Last year’s House Bill 1360 acted as a trigger mance chips expanding, the market for tools Daily Review ...... 15A ty of Northern Colorado is ready to join those to move UNC toward a technology transfer to aid in design is growing. Tuscany has Health ...... 7A ranks as well. program. The bill provided $2 million from launched Tegola — a software tool that will Leads ...... 36A Last summer, UNC quietly launched a tech- limited-stakes gaming funds for a grant pro- take much of the design work out of the high- Economic Indicators . . .38A nology transfer office, headed by the school’s gram to improve and expand bioscience dis- est performance custom designs. On The Job ...... 11A assistant vice president for research, Robbyn coveries at Colorado research institutions and Tegola is programmed to anticipate the Real Estate ...... 6A Wacker. bridge the gap between research and commer- most efficient high-performance use of space “We have a new research outcome opportu- cialization. on a chip. It sorts components based on differ- nity on this campus that we’ve never really See UNC, 30A See TUSCANY, 27A 4A The Northern Colorado Business Report May 11-24, 2007 Regional Keiretsu chapter links angels, entrepreneurs
income of $300,000. Those with a net Another funding worth more than $1 million are also eligi- option added to ble. ‘Real estate to nanotech’ region’s VC menu While keiretsu often has a tech connota- tion, the Keiretsu Forum is not exclusive to By Eric Peterson any one industry or market. [email protected] “As it grew organically, the types of opportunities we looked at also grew DENVER — The heyday of the Col- organically,” Murchie said. “Literally, the orado Internet Keiretsu might have come group looks at everything from real estate and gone, but now there’s a new keiretsu on to nanotech.” Think big Bank small the northern Front Range. Presenters are selected by a screening The Denver/Rockies chapter of the committee. Fees depend on the size of the international Keiretsu Forum launched in chapter, but Murchie said he expects the March with a regionwide reach that brings Denver/Rockies chapter will charge presen- technology entrepreneurs and angel ters about $500. investors together. Beyond its investment focus, chapters “Keiretsu is a term meaning a lot of also have social and community-oriented businesses working together to solve com- aspects. mon problems,” chapter president Steve “It’s always had a strong emphasis on Murchie said. “The Japanese translation is building relationships between the mem- community or family.” berships, so there’s a strong element of trust The definition hasn’t changed, but between people who are building analyses Murchie said the Keiretsu Forum serves an of prospective companies to invest in,” unmet need as a networking organization. Murchie said. “We also have a good sense of “There’s a lot of angel investors in the area, community.” and most of them are operating indepen- After “nine years of rain” in the Seattle dently,” he said. area, Murchie moved back to Colorado last Founded in 2000, the Keiretsu Forum year. He had lived in Colorado from 1993 to now has 11 chapters in the United States and 1997 before relocating to the Northwest to one in Beijing. Barcelona and London oper- work for Microsoft. In 2004 he resigned to ations are slated for launch later this year. take the reins of a “semi-virtual” software Of the 500 current members, more than startup, Channel Distribution Management 300 belong to one of three Bay Area chap- Inc. ters — San Francisco, Silicon Valley and the While at Channel Murchie came across original chapter in the East Bay. the Keiretsu Forum. “As an entrepreneur, I Members pay $2,500 in annual dues to went out looking for financing,” he said. attend monthly meetings at which two to “They didn’t give me any money, but I four startups pitch their business plans. ended up being a member.” Members have an opportunity to do fur- That made him think of starting a Den- ther diligence on the company and invest in ver/Rockies chapter, an idea that Forum the startup at terms negotiated collectively founder and CEO Randy Williams by the chapter. embraced. The chapter officially launched According to Murchie, members repre- in March at an event at the headquarters of senting all chapters have invested more Exclusive Resorts in downtown Denver. than $100 million in about 150 companies. Murchie signed up 10 members immedi- All Keiretsu Forum members must be ately, and he hopes that number will jump Don’t delay your dreams. accredited investors, meaning they must to about 50 by the end of the year. The first have an individual income of at least meeting with presentations is slated for $200,000 a year, or a total household May. 7.50% APR* (prime minus .75%) means you can do it today! CORRECTIONS No closing costs on lines up to $150,000. In a May 3 Business Report Daily story, Greeley-based Cementers Well Service Inc. was incorrectly identified as a $3 million company. Cementers Well Service will report $3 mil- lion in profits for its fiscal year ending June 30, 2007.
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that PVHS will staff and move into next Lesser-known wing month. Jill Fitzgerald, program manager, said the clinic will be the third for PVHS of MCR first step in and its first in Loveland. Fitzgerald said the clinic, which will offer growing community occupational health services, rehabilitation for work-related injuries and employment By Steve Porter and drug testing services, aims to tap a sp [email protected] growing number of employers in the Cen- terra area. LOVELAND — Medical Center of the “Along with MCR, we’re looking at that Rockies opened to great fanfare in Febru- population as potential growth for our ser- ary, but another lesser-known portion of vices,”she said.“We have long thought there the complex in east Loveland is quietly but was a need in Loveland for at least one addi- rapidly filling up with physicians and med- tional competitor.” ical services offices. The plainly dubbed “Medical Office Location made sense Building,” connected to MCR on its south PVHS’ other occupational health clinics side, will be completely leased and mostly are in Fort Collins at 1025 Pennock St., just occupied by summer, according to Ron north of Poudre Valley Hospital, and at Keuhl, vice president for real estate for 1330 Oakridge Drive that opened in 2000. McWhinney Enterprises. McWhinney and All three clinics will offer services from their the building’s first tenant, Heart Center of respective locations, Fitzgerald said. Tom Hacker, Northern Colorado Business Report the Rockies, jointly own the land and three- The newest location at Centerra will story building through a limited liability have a physical therapist and a physician MCR MOB — The Medical Office Building just south of the Medical Center of the Rockeis in Loveland is jointly corporation. board-certified in occupational medicine owned by McWhinney Enreprise, developer of Centerra, and Heart Center of the Rockies, the building’s first ten- ant. Other users include occupational health and rehab services and ambultory surgery suites. “We bought the parcel from Poudre Val- on duty Monday through Friday, she said. ley Health System to create an attached Initially, the physician load will be shared by other space in the medical office building. being held in reserve for a future ambulato- medical office building and we created a William Basow and Michael Holthouser. “We also did a master lease for another ry surgery center, she said. partnership so physicians could have own- Fitzgerald said the Centerra location just 6,500 square feet that we are subleasing to Keuhl said the 15,000-square-foot Heart ership in that building if they chose,” Keuhl makes sense for an occupational health ser- Front Range Brain and Spine and Surgical Center of the Rockies, its partner in the said. vices clinic. “I think like everyone else we’re Specialties,” she said, noting that the two medical office building, invested in the pro- “We believe this is just the beginning of looking at business being in a general medical groups are part of the Level II trau- ject “before we even broke ground.” He said the growth of the medical community at expansion in that corridor, so for us we’re ma service that MCR offers. there are four additional physician groups Centerra,” he said. looking at continued growth in that area for Gesick said PVHS Home Medical Supply — which he declined to identify — that One of the most recent additions to the our services,” she said. also has a “50-50” joint venture with Major plan to purchase an interest in the project building is an occupational health services Linda Gesick, PVHS vice president for Medical Supply to lease additional space in clinic in a 3,000-square-foot leased space hospital development, said PVHS is leasing the building. Another 20,000 square feet is See CENTERRA, 35A
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6A The Northern Colorado Business Report May 11-24, 2007 Momentum building retail interest at Lincoln Place Residential tenants stir inquiries from “There’s getting to be prospective retailers a buzz around the LOVELAND — At the northeast corner of Fifth Street and Lincoln Avenue in Love- project, and that’s land, one of the current axioms of urban redevelopment is helping.” beginning to play out. It goes like this: Get people living Chris Rebich, broker downtown, and busi- The O'Connor Group nesses will move in to serve them. Simple. But, as Tom Hacker, Northern Colorado Business Report developers of the $25 handling commercial leasing for the pro- million Lincoln Place ject’s Boulder-based developers, The COME, TENANTS — Draped with advertising banners for spaces for lease, Loveland’s Lincoln Place project is fill- project have found in REAL ESTATE O’Connor Group. ing its one-, two- and three-bedroom apartments — and retailers are starting to show more interest. the past four months, “Now, we’ve got 117 out of 200 residen- Tom Hacker simple formulas tial leases firmed up. There’s getting to be a ters near Interstate 25 and U.S. Highway ranges from young, single professionals to sometimes require a buzz around the project, and that’s help- 34. older empty-nesters comfortable with lot of patience. ing.” The rising interest has to be encourag- rents that average about $1,000 monthly The 200 apartments that account for Rebich has two leases, each for 1,900 ing for developers who are hoping the for a maintenance-free and amenity-heavy about 90 percent of Lincoln Place’s square feet of space, signed. One with cof- market is made for other downtown resi- living environment. 222,000 square feet of space went on the fee chain Dazbog was executed even before dential projects, such as the Penny Flats That’s not to say that some of the peo- market in early January, shortly after the space was ready for occupancy. Anoth- project on North Mason Street in Fort ple who have investigated Lincoln Place Northern Colorado was blitzed with a pair er is with a day spa and salon — “a Collins. haven’t inquired about buying a piece of it. of snowstorms that piled as much as three swanky, boutique business model,” as The difference, of course, is in the fact “We’ve had a number of people who feet of snow around the region. Rebich said — that is, for now, keeping its that Penny Flats’ 147 units will hit the mar- have come in asking if these places are for Residential leasing was slow going for name a secret. A spate of other inquiries ket for sale, not rent, when the first phase sale,” Rebich said. “They’re disappointed the first few months, and interest in the from retailers has bubbled up as the apart- opens next summer. that they’re not.” 22,000 square feet of retail space was ments have filled. Rebich said the rental model was cho- equally sluggish. Lease rates of $20 per square foot are sen for Lincoln Place because a market for Editor Tom Hacker covers real estate for “For the longest time, I think people slightly higher than other downtown Love- downtown condominiums and lofts for the Northern Colorado Business Report. just wanted to wait and see what was going land retail spaces, but almost half the sale had not yet been demonstrated in He can be reached at (970) 221-5400, ext. to happen there,” said Chris Rebich, who is amount of those in some of the retail cen- Loveland. The focus is on a market that 223 or at [email protected]
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With ronment where a hospice and home health-care services, person can live out that dream of staying in one’s own home his or her final weeks till the end is much more of a possibility and months in some than ever before. degree of comfort And Hall points out that staying at and dignity. home is cheaper for the patient and for I’m talking about society when it has to pick up the tab for hospice care, which Free Basic those who can’t afford to pay for nursing got its start in Ameri- home care. She said it costs about $132 a ca in March 1974 HEALTH CARE day for routine home-based hospice care. when the Connecti- Steve Porter That compares to $194 for the national cut Hospice opened. average cost of a private room in a nursing It wasn’t until 1982, home. however, that the U.S. Congress created a Another thing the Medicare benefit did Medicare hospice benefit, an action that was help create a nationwide network of Business changed the national landscape when it for-profit hospice care businesses. Moun- came to having broad access to hospice tain Valley Home Health Care, with offices care. in Larimer, Weld and Boulder counties, The Medicare benefit opened the door recently added hospice care to its services. to state hospice benefits through Medicaid James Cantos, who founded the compa- and from private insurance plans, all rec- ny in 2004, said more terminally-ill people ognizing that financial help is needed — and their families — want them to be when all the treatments and drugs are no Checking! at home when the end comes. longer going to save a “It may just be life but simply pro- that sense of fami- long it. ly, to keep them Locally, Hospice of close and not just Larimer County in “It’s a way to enjoy go for an hour Fort Collins is one of visit,” he said. “It’s a the region’s oldest the last few moments way to enjoy the hospice providers, last few moments opening in 1978. you’ve got.” CEO Jean Hall said you’ve got.” With a rising her organization is tide of aging baby dedicated to working James Cantos, founder boomers and a Creating Real Possibilities with the patient and growing popula- his or her family to Mountain Valley Home Health Care tion of frail elderly Free Basic Business Checking structure hospice living longer than care that has the best ever before, it just • $100 minimum opening deposit fit for them. makes sense to • No monthly service charge “We can go any- keep as many peo- • No minimum balance required where people call ple as possible in home, whether it’s a • First 100 items are free; $.50 for each item over 100 the lowest-cost care • Free Visa® Business Debit Card (no annual fee) skilled-care living facility, nursing home or situation available — their home. their own home or the home of a relative And Medicare — often criticized by • Free Online Banking or friend,” she said. those on the left and the right of the • Free Check Images Last year, for example, Hospice of political spectrum — gets nothing but • First 10 Bill Payments are free; $.75 for each bill payment over 10 Larimer County — which is a nonprofit praise for this provision, according to organization not connected in any way Hall. to Larimer County government — “Once somebody’s on the Medicare served about one-third of its clients in hospice benefit, they don’t have to worry,” their own homes or the home of a friend she said. “Medicare pays 100 percent of the We’re excited to introduce our Free Basic Business or relative, another 42 percent who were cost of hospice. It’s one of the things Checking account. Stop by, take a moment and learn living in a nursing home or assisted-liv- Medicare does right.” more about our business banking solutions. ing center, and the remainder who were So let’s raise a toast to the Medicare in the Hospice Care Center that Hospice hospice benefit celebrating its 25th of Larimer County leases on the third anniversary this year. If Congress doesn’t floor of McKee Medical Center in Love- tinker with it, you and I will have one less land. worry at the end of our lives because of Those folks are the people who need it. acute final-stage medical care. But for the SM other 75 percent of terminally-ill people MEMBER who are still capable of enjoying life with Steve Porter covers health care issues for FDIC the help of Hospice’s trained staff and vol- the Northern Colorado Business Report. unteers, a growing number want to live He can be reached at (970) 221-5400, ext. Greeley • Loveland • Windsor • Berthoud • Lafayette • Longmont • Eaton • Ft. Collins out their last days at home. 225, or at [email protected]. www.centennialbanks.com 8A The Northern Colorado Business Report May 11-24, 2007 Regional home equity market has gone to the dogs
$231 million in home equity loans, down 10 Foreclosures beget from a high at the end of 2004 when they held $286 million in home equity loans. lower values which In all, Colorado-based banks saw a $10 5 million increase in home equity loans year- leave less to borrow over-year. In 2005, home equity loans increased by almost $90 million or 8 per- Northern Colorado Northern Colorado’s real estate market cent. 0 United States is a little bit like a dog chasing its tail. Nationally, home equity loan growth Colorado Very simply put, the high number of has been even stronger. All U.S. banks foreclosures is leading combined had an increase of 4.7 percent in -5 to lower home valua- their home equity portfolios in 2006. tions. In turn, Loveland-based Home State Bank was decreasing values on ranked at No. 140 on a national list of -10 homes, especially community commercial banks with the those that were 100 highest home equity portfolios. The list, 2005 % Growth percent financed, are from trade publication American Banker, -15 2006 % Growth leading to more fore- showed that Home State had $26.6 million closures. And the in home equity loans at the end of 2005 — SOURCE: FDIC effects of this are a 12 percent decrease from the previous being seen in other BANKING year. Home State was not ranked on the HOME INEQUITY — Home equity loans increased for the state and for the country in 2006, but Northern Col- areas as well. 2006 list. According to FDIC data, by Dec. orado experienced a second consecutive year of declining home equity portfolios. Many local banks Kristen S. Bastian 31, 2006, Home State’s home equity port- and credit unions folio had declined another 29 percent to home values are stagnant or, in some cases, that might be on the edge of actually hav- aren’t feeling the direct effects of foreclo- about $19 million. declining, there is less equity for owners to ing equity. sure because they often sell their mortgage borrow against. Instead, Norlarco is focusing on serving notes to outside investors. But there are Credit unions hit, too The decline in loans is not for lack of its customers in other ways. Hamer said other areas of banking that might be slow- Banks aren’t the only ones feeling it, demand or lack of trying. Hamer said that Norlarco is updating its Web site and bill ing due to the downturn in the market. either. Fort Collins-based Norlarco Credit there still seems to be healthy demand for pay systems and implementing a debit card It appears that home equity loans, while Union was No. 91 on the American Banker home equity loans. He added that the reward program. on the rise for most of the United States list of credit unions with the largest home credit union is actually pushing such loans “Especially in this kind of market, these and for the overall state of Colorado, are equity portfolios. It landed the spot despite more now than it was three years ago, are the types of things that bear fruit,” he actually declining in the Northern Col- the fact that it actually experienced a 25 although home equity wasn’t a focus for said. orado region. percent decrease to $153.87 million. In a the credit union this year. From 2005 to 2006, home equity loans similar list for 2005, Norlarco was ranked Hamer isn’t worried, though. He said Kristen S. Bastian covers the banking made by banks based in Northern Col- No. 53. the decline in Norlarco’s home equity industry for the Northern Colorado orado have declined by 15 percent, based “It’s been tougher to make home equity portfolio is a testament to its commitment Business Report. She can be reached at on data from the Federal Deposit Insur- loans this year,” said Bob Hamer, president to the customer. The credit union would (970) 221-5400, ext. 219 or ance Corp. On Dec. 31, local banks had and CEO of Norlarco. He said that because not want to squeeze equity out of a home [email protected].
TIME OUT
Snapshots of life outside THE EDGE the office Page 12A
ETC. Set up your home business properly On The Job
People in the news, Potential liability issues on the move require even smallest Page 11A business do paperwork Calendar By Luanne Kadlub Events, seminars ne [email protected] and dates to look forward to W hen Robin Wick considered setting up a Page 13A summer lawn-mowing business for his three kids, part of the plan included making it a sepa- rate entity. A limited liability company, if you Briefcase will. Though the business never came to fruition, Regional the point is well taken. If you run a business from business home, it must be set up like any other business. developments In fact, not doing so is the biggest mistake home-based business owners make, said Wick, Page 10A managing member of Wick-Trautwein, a law firm with offices in Fort Collins, Windsor and Stockwatch Cheyenne, and Jodi Tabert, attorney with Patter- son-Tabert in Loveland. Sales, earnings “They forget they are a real business,” said for region’s Wick. “They need to consider themselves chief public firms executive officer and general manager of a business that is in a separate freestanding build- Page 14A See HOME, 29A Business Report file photo Daily in Review
A look back at top news stories Say hello to people who keep you in business Page 15A
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3710 Mitchell Drive / Fort Collins 970.226.0200 / www.palmerflowers.com 10A The Northern Colorado Business Report May 11-24, 2007 BRIEFCASE
Are your investments KUDOS NONPROFIT NOTES A team of five students from Poudre High School aligned with your life goals? in Fort Collins won the 2007 U.S. Department of Ener- Conveniently located at: The Hope Fund of the Communit y Foundation gy National Science Bowl held in Washington, D.C. in of Northern Colorado has awarded a grant of Years of successful investing experience has taught us the April. Some 1,800 teams competed in the 17th annual $5,000 to Turning Point to support its substance importance of life planning, not simply investment planning. event. The Poudre team won a science research trip to abuse program. Turning Point, located in Fort Australia and met with President Bush. The Science Collins, serves youths and their families in North- Bowl was created in 1991 to encourage high school stu- ern Colorado, southern Wyoming and communities Mike Tarantino dents to excel and pursue careers in mathematics and Call us today for a free, Registered Representative along the Front Range. 303 E. Mountain Ave. science. thorough portfolio review. Fort Collins, CO 80524 (970) 292-0105 Studies Abroad for Global Education in Fort Lightsource Creative Communications in Fort Collins has received a grant of $148,000 from the Collins was awarded the Essential Piece Award for their Investment Centers of America, Inc. (ICA), member NASD, SIPC, and a Registered Investment Advisor is not affiliated with Home Jack Kent Cooke Foundation in Lansdowne, Va. State Bank. Securities, advisory services and insurance products offered through ICA and affiliated insurance agencies are *not work with the Matthew Shepard Foundation. Light- The grant will serve to double the size of SAGE’s insured by the FDIC or any other Federal Government agency *not a deposit or other obligation of, or guaranteed source has provided a variety of logos and fund-raising summer program in India and to create a scholar- by any bank or their affiliates *subject to risks including the possible loss of principal amount invested. collateral to help the foundation, which supports diver- ship fund so that economically disadvantaged sity programs in education and helps youth organiza- American students can see the world. SAGE pro- tions create environments where young people can feel vides opportunities for North American and Euro- safe and be themselves. pean high school students to study in India. Commercial Real Estate Fort Collins-based Vital Theology received eight awards at the 91st annual awards ceremony of the Associated Church Press based in Oviedo, Fla. The top honor for editorial courage went to the newsletter for reporting on the nationwide trend to exclude from The call for votes follows the release of the new 41-cent American society ex-offenders who committed sex postage stamps featuring characters from the movie crimes. Visit www.vitaltheology.com to view the com- series. Votes can be cast through May 25 by using the plete list of awards received. Force at www.uspsjedimaster.com. NEW PRODUCTS AND SERVICES ANNIVERSARIES
Anheuser-Busch, based in St. Louis, has released Northern Colorado Air Inc. in Fort Collins cele- Michelob ULTRA Fruit Infused beers. The three new fla- brated its 15th anniversary. The company installs and vors, all brewed at AB’s Fort Collins brewery, are Pome- services heating, hydronics, air conditioning, humidifi- granate Raspberry, Lime Cactus and Tuscan Orange cation and water heaters. Grapefruit. AB has also introduced Ascent 54, an MISCELLANEOUS authentic German-style dark wheat beer available on The Towers at Eagles Crossing draught in select bars and restaurants in Colorado. The Larimer County District Attorney has NEC I-25 & Crossroads Blvd. Ascent was developed by a hand-picked group of beer announced that a total of $172,958 was disbursed during lovers from various areas of expertise at AB’s Fort the first quarter of 2007 by the Crime Victim Compen- Crossroads Towers at Eagle Crossing Collins brewery. sation Fund to victims of crime in Larimer County. The fund helps victims pay for such things as medical, coun- 3,000 SF to 80,000SF Houchin & Associates, a Fort Collins firm offering seling or funeral expenses associated with the crime. Lease: $20-$25/SF a blend of marketing and legal services, has introduced Money for the fund is collected from a fee assessed to two new e-books: “No Lame Names” and “Kissing Toads: individuals convicted of felonies, misdemeanor crimes How to Market Your Left-Brain Products to Right-Brain and some traffic offenses. People.” The e-books are available for download at www.guidingvalue.com. The Best Western University Inn in Fort Collins has been selected to be one of the few Best Western The Overlook at Firestone Homeowners Associ- hotels nationwide to be featured in the upcoming ation has launched its new Web site at www.overlook- national television advertising campaign. The location firestone.org. The site is designed to keep residents was picked based on its inspection scores, guest satis- informed of meetings, notices and announcements, and factory survey, and for receiving the Directors Award for Coldwell Banker Building to attract new residents. The site was developed by design. The commercials will air on CNN and the Weath- 702 W. Drake Rd. Bldg A Bank of Colorado Plaza at 2534 TeamBTS in the Carbon Valley area. er Channel this summer. Investment Opportunity at 7.38% Cap rate 3,000 -11,000 SF Class A+ third floor Office Space Sale: $5,300,000. Sale: $210-$220/SF (C&S) Lease: $20-$22/SF NNN RLE Technologies in Fort Collins announced it will Mark 345, a full-service marketing and advertising release the Falcon F110, the first of six new products, by agency, has completed the interior touches on its July. The F110 is an 11-channel environmental monitoring almost two-year building renovation in Old Town Fort system with three plug-and-play inputs and eight dry Collins. The renovation included new amenities such as contact inputs, allows for advanced notification of a library, full kitchen, coffee bar, fitness area and game alarms via e-mail, and can be used to monitor equip- area for employees. The building is located at 345 E. ment via the Web. Mountain Ave. NEW LOCATION NEW PRODUCT AND SERVICES Drake Professional Park 363 W. Drake Rd Northern Colorado Economic Development The National Center for Craftmanship in Fort 863 SF - 12,060 SF Office Condos 2310 E. Prospect Road, Fort Collins Corp. has moved to a new location at 3553 Clydesdale Sale: $115-$145/SF Main level: 1,500 SF Upper level*: 2,450 SF Collins has launched a training program for Habitat for Parkway located on the east side of Interstate 25, and $10-$12/SF NNN, *3 months free rent Humanity volunteers The program will include class- south of the Lighting Design Center in Loveland. room and site-based training. that will coincide with the NCEDC will offer their conference room and facilities to construction of a Fort Collins Habitat-built home. Class- businesses, organizations and groups needing a central es on basic construction skills will be held over four Sat- location for meeting and deal-making. urdays from 9:00 a.m. to noon. Classes are free and DEALS open to the public. Register for classes by contacting Robb Sommerfeld at [email protected]. The R.W. Norton Art Gallery in Shreveport, La., If you have an item to share about name 125C E. County Road 32, Fort Collins 4812 McMurray Ave., Fort Collins has purchased three bronze statues from Ullber g Stu- changes, new products or business news of 1,980 SF Retail Space 4,500 SF Flex/Industrial dios in Loveland to be placed in its 40-acre azalea gar- $14-16/SF NNN, Drive Thru Window Lease: $10/SF NNN den. The three statues depict a bear, a puma and two note, e-mail it to Noah Guillaume at otters at play. [email protected], or mail it to Briefcase at NCBR, 141 S. College Ave., Fort Collins, Rick Callan or Pete Kelly Everitt Commercial Partners, LLC. DEADLINES CO 80524. 970-226-1500 3030 S. College Ave. The United States Postal Service is inviting [email protected] Fort Collins CO, 80525 - Compiled by Noah Guillaume Americans to vote for their favorite “Star Wars” stamp. [email protected] www.everittcommercial.com May 11-24, 2007 The Northern Colorado Business Report 11A ON THE JOB
NONPROFIT of the bank’s finances and long- nation Specialist, Industrial and Office Real Estate, TECHNOLOGY term financial and investment awarded by the Society of Industrial and Office Realtors. Jason Ells, a broker/partner with Realtec Inc.; planning. Melena will oversee all To achieve the SIOR designation, Stroud completed at Audrea Butler has joined Choice City Solutions in Aaron C. Eide, vice president First National Bank; Mark aspects of the bank’s credit least five years of creditable experience in the special- Fort Collins. A graduate of Colorado State University, Johnson, Workforce Investment Act Center manager, administration, with a focus on ized field of both industrial and office real estate; and Butler has worked in the IT industry for over 10 years. Larimer County Workforce Center; and Jame s H. Trupp, credit quality, and be responsible demonstrated professional abili- She has led projects and consulted on Sarbanes-Oxley First National Bank in Loveland have joined the Board of for reviewing all loans and man- ty, competency, ethical conduct and Y2K. Directors for Turning Point in Fort Collins. Turning Point aging all lender relationships. and personal integrity. provides mental health and substance abuse treatment, MISCELLANEOUS state-approved education pro- Employees at Coldwell CALDER Keller Williams real estate Maury Dobbie, president and CEO of Northern Col- grams and aftercare to youths Banker Residential Brokerage in agent C yrus Green has earned orado Economic Development Corp., has been recog- and their families. Loveland have been busy com- the EcoBroker Certified designa- nized with the 2007 Colorado Women in Business Cham- pleting new designations and tion after completing the Realtor pion Award by Small Business Administration. The Eco- FINANCE winning awards. Broker associ- e-Pro training program on energy nomic Development Council of Colorado named Jacob ates April Calder and Larry Wood , president of and the environmental issues that Castillo , vice president of NCEDC, Rookie of the Year. Gretchen Fenske have both GREEN Union Colony Bank in Greeley, affect real estate transactions. Stacy Miller has joined the NCEDC as director of earned Graduate Realtor Insti- has been appointed chairman of business retention and expansion. Miller graduated tute designations from the the bank’s Board of Directors. CONSTRUCTION from the University of Oklahoma’s Economic Develop- National Association of Realtors. Wood has been with Union ment Institute in March. WOOD Joel Nugent, a broker associ- FENSKE Glenn Heeney and Pat Dion Colony for five of his 29 years in ate, has received the Bronze the banking industry. He also o f UbuildIt Fort Collins attended Ja y Hardy has joined McWhinney Enterprises in Level Million Collar Circle Award Built Green University in Denver serves on the Northern Colorado for outstanding new construc- Loveland as its vice president of community affairs. As Medical Center Foundation to receive their certification of the former director of The Ranch/Budweiser Events Cen- tion sales. Clinton Buckner has builder education requirements. Board and the Monfort College joined as mortgage advisor for ter, Hardy has over 15 years’ facility management, pub- Built Green teaches the of Business Advisory Board. Coldwell Banker Home Loans. lic/private partnerships, marketing and community approach to energy- and building. He will represent McWhinney and maintain Susan Van Deren has ENGINEERING resource-efficient home build- constructive relationships with government officials joined Lincoln Financial Advisors ing. HEENEY and community business leaders. Corp. in Windsor as a registered Loveland resident Bob VAN DEREN Delta Construction in Fort representative. Van Deren ser- Peterson has joined AE Seven NUGENT Jonathan Susa has completed the reserve agent vices financial planning clients LLC, an architectural engineer- Collins has hired John Young training program and has been appointed as a full- throughout Northern Colorado ing firm based in Denver, as as its director of safety and time agent with Farmers Insurance Group of Cos. and Southern Wyoming. business development manager. preparedness. Young will be Susa represents the complete line of Farmers prod- responsible for overseeing the ucts including auto, home investments, life, commer- Bank of Choice has appoint- REAL ESTATE implementation of Delta’s safe- cial and workers compensation insurance. He has ed Jim Wakeman as chief finan- ty program, conducting train- opened an office on east Horsetooth Road in Fort cial officer and David Melena as Larry Stroud, broker/part- ing courses in various disci- Collins. senior vice president of credit. ner with Realtec Commercial plines, and performing site Wakeman brings over 30 years’ Real Estate Services in Fort assessments for all of Delta’s DION experience and will oversee all MELENA Collins, has achieved the desig- BUCKNER projects. — Compiled by Noah Guillaume
The Northern Colorado FirmSM One call, one place, one flip of the switch. It’s a bright idea.
This year our firm turns 75. Over the years we’ve learned that better business requires a lot of ideas, a lot of new skills. Not just one, nor even two. Lots. That’s why today we have more than 200 energetic professionals who can illuminate nearly every driver of our clients’ businesses. NOT YOUR AVERAGE ACCOUNTANTS.SM To find out how to brighten your business outlook, call Mike Kelley at 970-330-8860. www.kcoe.com 12A The Northern Colorado Business Report May 11-24, 2007 TIME OUT
2 3 1
4
SPRING FEVER — 1. Phelps-Tointon Inc. President Bob Tointon, left, talks with Mark Bradley, partner in Realtec Commercial Real Estate Services in Greeley, at Realtec’s Market Update event April 3 at the Union Colony Dinner Theater in downtown Greeley. 2. Fort Collins City Manager Darin Atteberry, left, greets Tony Cooper, owner of Eco- Thrift, a Fort Collins business specializing in reuse and recycling, following the city’s Climate Wise awards ceremo- ny April 18 at the Hilton Fort Collins. 3. Steve Ewing, co-owner of Ewing Leavitt Insurance, Lloyd Peterman, presi- dent of Western Floors, take time out of networking at the Western Floors Spring Fling event on May 3. 4. Avis Barry of Gravity in Action gives a unique massage at her booth at the Fort Collins Area Chamber Spring Showcase on April 25 at the Hilton Fort Collins.
E-mail your event photos to Editor Tom Hacker, [email protected]. Include complete identification of individuals.
6MÄJL 6MÄJL Ind Off Flex For Lease for Lease Sale or Lease a great place [VZ[HY[`V\YZLHYJO 224 Canyon Ave, Fort Collins 2032 Lowe St #1, Fort Collins 5+LU]LY(]L3V]LSHUK $19.50/sf NNN $16/sf NNN Sale $209,000. Lease $6.95/sf NNN Larry Hawe 970.377.4962 Bill Reilly 970.377.4924 Craig Hau 970.377.4919
6MÄJL (WHY[TLU[ Building 4LKPJHS:WHJL for Lease Building for for Sale for Sale for Sale or Lease Sale or Lease
5125 S College Ave A & B, Fort Collins )S\L:WY\JL+Y-VY[*VSSPUZ 218 Smokey St, Fort Collins 1773 30th, Unit 1-4, Greeley 115 HWY 85, Ault $639,000 • $14.50/sf NNN $7.00 - $10.01 Gross $1,637,925 • $5/sf NNN $375,600 $198,000 Cole Herk 970.377.4951 R. Frank 970.377.4971 & M. Ingram 970.405.8708 Jared Goodman 970.377.4964 Robert Hau 970.377.4947 Randy Marshall 970.229.2500
Land Showroom / Ind Flex Building for Sale for Lease For Sale Warehouse For Sale
6268 W 10th St #2 & #3, Greeley Mountain Shadow Estates, Johnstown 2093 E 11th St, Loveland 201 SW 12th St #1, Loveland $269,800 $5,750,000 $12.50/sf NNN $899,000 Chuck Rehmer 970.539.4313 Geoff Tolmachoff 970.377.4943 Julius Tabert 970.679.1599 John Peden 970.679.1574
• Sales and Leasing Brokerage • Feasibility Analysis :WHJL • Investment and Multi-Family 6MÄJL>HYLOV\ZL for Lease For Lease Warehousefor Lease Property Brokerage • Land Acquisition, Site Analysis, Site Selection • Business Opportunities Marketing, 112 W. Laurel, Fort Collins 5+LU]LY(]L3V]LSHUK )S\L:WY\JL+Y-VY[*VSSPUZ Acquisition $10/sf NNN. Lease $6.77/sf NNN. $1695/mo $7.75/sf NNN • :L]LU6MÄJLZPU5VY[OLYU*VSVYHKV Travis Ackerman 970.229.2516 Chris Hau 970.377.4920 Mike Eyer 970.377.4972 800.266.9820 May 11-24, 2007 The Northern Colorado Business Report 13A CALENDAR
MAY tive of Build-A-Bear Workshop, will share how to set your May 25 — Wine Fest XXV, from 6:30 to 10 p.m., Hilton a.m. to 2 p.m., Aims Corporate Education Center, 5590 W. May 14 — Loveland Chamber of Commerce presents business apart by providing a unique customer service Fort Collins, 425 W. Prospect Road. Enjoy over 500 11th St. in Greeley. The Forum will feature former first Monday Morning Session Wrap-up, from 7:15 to 9 a.m., experience. Seating is limited. Cost: $30. Contact: (970) domestic and imported wines from 200 wineries and a lady of Colorado, Dottie Lamm, who will be the after- 5400 Stone Creek Circle. Learn how legislation that was 667-6311. wide array of fresh food provided by local businesses. noon speaker. Donna Singer will be the morning speak- and was not passed will affect the Northern Colorado 4May 2 — Fort Collins Foxes Baseball Club Preseason Festivities will include a silent auction of rare and fine er and Jean Schober-Morrell will emcee the event. The business community, what issues will be referred to vot- Banquet, from 6 to 8 p.m., Manno’s Grille at Collindale, wines, artwork by local artists, jewelry, dining certifi- mission of the Women’s Health Forum is to make a dif- ers in November and what legislation is already in the 1441 E. Horsetooth Road in Fort Collins. Please join other cates and a variety of merchandise and services. Pro- ference in the health and well-being of women through works for next session. Cost: $10. Contact: Paige Oswald baseball fans at the Fort Collins Foxes preseason ban- ceeds will benefit a wide range of services to people education in the Northern Colorado community. To reg- at (303) 710-0505 or [email protected]. quet. Guest speaker is Dick Monfort, owner of the Col- with disabilities. Cost: $40. Contact: Marj Grell at (970) ister for the event, call (970) 339-6511 or send an e-mail May 15 — Colorado State University’s Denver Execu- orado Rockies, plus a silent auction of baseball memo- 482-2700 or [email protected]. to [email protected]. Cost: $10. Registration Deadline: tive Luncheon, Denver Performing Arts Complex, Sea- rabilia. Price includes dinner, dessert and soft drinks. June 5. Contact: Nancy Schuessler at (970) 396.6364 or well Grand Ballroom, 1050 13th St. in Denver. Joanne Cost: $25. Contact: Kurt Colicchio at (970) 225-9564 or JUNE [email protected]. Maguire, executive vice president of Lockheed Martin [email protected]. June 7 — Business After Hours, from 5:30 to 7:30 June 16 — Junior League of Fort Collins presents Space Systems Co., will discuss “The Evolving Workforce May 25 — How to Start Your Business Legally, from p.m., Greeley Stampede. June’s Business After Hours will Terrace & Garden Tour, from 8 a.m. to 5 p.m. A self-guid- and the War for Talent.” Cost: $100. Contact: University 9 a.m. to noon, Loveland Chamber of Commerce, 5400 be hosted by Greeley Stampede. Contact: Erin Collins at ed tour featuring seven uniquely landscaped gardens in Events Protocol at (970) 491-4601 or Stone Creek Circle. Attorney Jodi Tabert will present. (970) 482-3746 or [email protected]. Fort Collins. Cost: $15. Contact: (970) 224-0430 or [email protected]. Cost: $25 (cash only). Contact: (970) 667-4106. June 8 — 9th Annual Women’s Health Forum, from 8 www.jlfortcollins.org. May 16 — No Lame Names & Kissing Toads Marketing Workshops, from 9 a.m. to 4 p.m., Suite E Conference Room, 4689 W. 20th St. in Greeley. Morning Session: Con- quer the Lame Name. Discover how to create a unique brand and strong trademark for your business. After- noon Session (1-4pm): Kissing Toads - A primer on life, sales, science and emotions. Help your left-brain con- nect with your right-brain audience. Cost: 145/workshop “On my jobsite, or $195 for both. Registration Deadline: May 14. Contact: Kevin Houchin at (970) 493-1070 or [email protected]. we’re all business May 16 — Fort Collins Women’s Networking Lun- cheon, from noon to 1:30 p.m., Carrabba’s, 1212 Oakridge Drive in Fort Collins. Women in Business in Northern Col- partners with orado meet the third Wednesday of every month at Carrabba’s for a meet, greet and eat! Cost: $15. Please RSVP. Contact: Tiffany Blackden at (970) 225-1140 or [email protected]. the same goal.” May 17 — Sell More. Sell More Easily! from 8:30 a.m. to noon, Colorado Christian University, 1750 Foxtail We believe that every Heath employee Drive, Suite 100 in Loveland. John Geiman of Top Line Growth Inc. will teach you how to qualify prospects and subcontractor who walks onto our quicker, shorten selling cycle, and close more sales. jobsite is a partner who deserves our Cost: $125. Contact: John Geiman at (866) 379-6257. respect, support and an opportunity May 17 — Pelican Lakes presents Fort Collins Area to succeed. Together, we’ve been Chamber of Commerce Business After Hours, from 5:30 successful for 30 years. to 7:30 p.m., 1625 Pelican Lakes in Windsor. Contact: Erin Collins at (970) 482-3746 or [email protected]. May 18 — Insurance Basics, from 8:30 a.m. to noon, Learn more. Call 970-221-4195 today. Key Bank Tower, 125 S. Howes St., Suite 150 in Fort Collins. Chris Davies with Choice Plus Insurance and Kendall Payne of Payne Insurance Agency will discuss the neces- sities of insurance including group health, life, disability, key man, liability insurance and workers compensation. Cost: $40. Contact: (970) 498-9295 or [email protected]. May 19 — Odell Small Batch Beer Festival, from 3 to 7 p.m., Odell Brewing Co., 800 E. Lincoln Ave. in Fort Collins. The day will feature 18 ales and lagers created on the brewery’s five barrel pilot system, three live bands, BBQ and pizza. Contact: Joni Denyes at (970) 498- 9070 or [email protected]. May 19 — Oil for Food benefit for Larimer County All you imagine. Food Bank, from 9 a.m. to 1 p.m. Six automotive service centers in Fort Collins will charge $30 for the oil change (some restrictions apply) and donate $25 to the Larimer County Food Bank. Please call to make an appointment. A&B Import Auto - 221-4700; Community Automotive - 484-7556; Hawker’s Automotive and Discount Muffler - 224-4700; King’s Auto Center - 490-2000; Nice Car (sub- arus only) - 490-2406; Summers Auto Repair - 482-3777. Ma y 22 - 24 — Free Training Program on Agriculture & Food Vulnerability Assessment, from 8 a.m. to 4 p.m., Laramie County Community College, 1400 E. College Drive in Cheyenne, Wyo. Free Program presented by the Center for Agriculture and Food Security and Prepared- ness with support from the Department of Homeland Bob Papish Security. Hosted by Laramie County Community College, Superintendent & Employee Owner the program offers assessment methods that can be used to evaluate the vulnerabilities for farm-to-table supply chains of various food sources. Cost: Free. Regis- Construction Experience: ToolstoSucceed: Why Heath? tration Deadline: May 11. Contact: Debra Griffin at (307) I started out working for my uncle who Great communications start with a Heath doesn’t just talk about integrity and 778-4381 or [email protected]. was a construction superintendent for pre-construction meeting in the field, respect. That’s what we bring to every May 24 — Greeley Stampede presents Greeley 25 years. He taught me that success on before the job starts. From then on, job. We don’t shop bids. We don’t nickel Chamber of Commerce Business After Hours, from 5 to every project depends on the open and detailed submittal schedules, 4-week and dime our subs. We build long-term 7 p.m., Old Chicago, 2349 W. 29 St. Cost: $10. Contact: honest relationship you build with each look-ahead schedules, regular team relationships that deliver long-term value (970) 352-3566. May 24 — Loveland Chamber of Commerce Speaker subcontractor on the job. meetings on the jobsite, and face-to-face for everyone we work with – especially Luncheon, from 11:30 a.m. to 1 p.m., McKee Conference communications help keep us all on track. the owners who hire us. and Wellness Center, 2000 N. Boise Ave. in Loveland. Guest speaker Maxine Clark, founder and chief execu- 14A The Northern Colorado Business Report May 11-24, 2007 STOCK WATCH
NET PERCENT CLOSING CLOSING CHANGE CHANGE TOP GAINERS TICKER PRICE PRICE IN IN PERIOD PERIOD AVERAGE EXCH COMPANY SYMBOL 5/2/2007 4/2/2007 PERIOD PERIOD HIGH LOW VOLUME Company ticker Percent change in period Nas Advanced Energy Industries Inc. AEIS 24.88 21.30 3.58 16.81 25.03 21.3 651301 Heska Corp. HSKA 39.64 NYS Advanced Micro Devices Inc. AMD 13.63 12.83 0.8 6.24 14.65 12.71 32404462 Woodward Governor WGOV 26.72 NYS Agilent Technologies Inc. A 36.38 33.96 2.42 7.13 36.38 33.96 2879532 Owens-Illinois OI 20.83 Nas American Capital Strategies Ltd. ACAS 45.61 44.84 0.77 1.72 48.83 44.84 1387025 Advanced Energy Industries Inc. AEIS 16.81 NYS Anheuser Busch Cos. Inc. BUD 49.89 50.70 -0.81 -1.6 52.61 49.19 3236704 Champion Enterprises Inc. CHB 16.69 Nas Aristotle Corp. ARTL 11.09 10.08 1.01 10.02 11.09 10.08 3256 Petro-Canada PCZ 15.74 NYS Atmos Energy Corp. ATO 31.99 31.30 0.69 2.2 32.58 31.3 426063 RR Donnelley & Sons Co. RRD 14.8 NYS Automatic Data Processing ADP 46.32 45.57 0.75 1.65 46.61 43.98 3093995 Intel Corp. INTC 14.64 OTC BAE Systems Plc BAESY.PK 37.00 36.80 0.2 0.54 37.75 36.35 133604 Centex Corp. CTX 13.61 NYS Barnes and Noble Inc. BKS 40.24 39.53 0.71 1.8 41 39.53 624580 National Semiconductor Corp. NSM 12.86 Nas Broadcom Corp. BRCM 32.73 32.57 0.16 0.49 34.859 32.05 10724920 NYS BUNZL Distribution Inc. BNL 71.00 72.51 -1.51 -2.08 74.26 71 7005 NYS Burlington Northern Santa Fe BNI 87.93 80.87 7.06 8.73 94.07 80.87 4076572 NYS Capitol Bancorp Ltd. CBC 31.01 35.97 -4.96 -13.79 37.05 28.61 250085 Nas Centennial Bank Holdings Inc. CBHI 9.12 8.73 0.39 4.47 9.12 8.3 276709 BOTTOM LOSERS NYS Centex Corp. CTX 46.75 41.15 5.6 13.61 47.04 41.15 2531308 NYS Champion Enterprises Inc. CHB 10.28 8.81 1.47 16.69 11.16 8.81 2264050 Company ticker Percent change in period NYS Clear Channel Communications CCU 35.95 35.20 0.75 2.13 36.72 35.2 5711404 Key Corp. KEY -2.93 Nas Compass Bancshares Inc. CBSS 68.57 68.75 -0.18 -0.26 70.1 68.18 1129650 General Growth Properties Inc. GGP -3.83 NYS ConAgra Inc. CAG 24.65 24.75 -0.1 -0.4 25.2 24.58 3900030 Veeco Instruments Inc. VECO -4.44 NYS Danaher Corp. DHR 72.83 71.47 1.36 1.9 72.83 70.13 1608320 Universal Forest Products Inc. UFPI -4.69 NYS Dean Foods DF 36.93 47.33 -10.4 -21.97 47.33 33.7 1856513 QLT Inc. QLTI -6.95 NYS Diversified Realty Corp. DDR 64.65 63.26 1.39 2.2 66.25 63.26 916201 Marriott International Inc. MAR -8.26 NYS Eastman Kodak Co. EK 25.69 23.02 2.67 11.6 26.23 23.02 3097791 Capitol Bancorp Ltd. CBC -13.79 NYS Frontier Oil Corp. FTO 35.80 32.95 2.85 8.65 35.86 32.48 1954100 Security with Advanced Technology Inc. SWAT -14.25 NYS Gannett Company Inc. GCI 58.17 56.31 1.86 3.3 58.31 55.97 1817567 LSI Logic Corp. LSI -17.99 NYS General Electric Co. GE 37.31 35.29 2.02 5.72 37.31 34.76 38899370 Dean Foods DF -21.97 NYS General Growth Properties Inc. GGP 62.55 65.04 -2.49 -3.83 65.72 62.36 1859785 Nas Heska Corp. HSKA 2.36 1.69 0.67 39.64 2.36 1.67 136995 NYS Hewlett-Packard Co. HPQ 42.93 40.31 2.62 6.5 42.93 40.31 11974483 Nas Intel Corp. INTC 21.93 19.13 2.8 14.64 22.258 19.13 70466277 PUBLIC PROFILES NYS Johnson Controls Inc. JCI 106.21 95.30 10.91 11.45 106.21 95.27 1125895 NYS JPMorgan Chase & Co. JPM 52.55 48.24 4.31 8.93 52.94 48.24 14403117 NYS Key Corp. KEY 36.09 37.18 -1.09 -2.93 38.58 35.68 2766600 The following information profiles pub- ver-based Guaranty Bank and Trust. NYS Kroger Co. KR 29.77 28.55 1.22 4.27 30.2 28.55 6092569 NYS Lowes Cos. LOW 30.68 31.08 -0.4 -1.29 32.02 30.56 6511899 lic companies with operations in Web: www.centennialbanks.com NYS LSI Logic Corp. LSI 8.39 10.23 -1.84 -17.99 10.23 8.18 17700819 Northern Colorado: May 2 close: $9.12 NYS Macerich Co. MAC 95.17 93.41 1.76 1.88 97.69 93.2 603850 52-week high: $ 9.17 NYS Marriott International Inc. MAR 45.54 49.64 -4.1 -8.26 51.87 45.21 2670194 NYS Marsh & McLennan Cos. Inc. MMC 32.14 29.32 2.82 9.62 32.41 29.23 3272154 Burlington Northern 52-week low: $9.04 NYS National Semiconductor Corp. NSM 26.94 23.87 3.07 12.86 27.21 23.87 5668677 Santa Fe Corp. Basic EPS: 40 cents NYS Noble Energy Inc. NBL 61.05 60.90 0.15 0.25 62 58.81 1383005 Ticker: BNI (NYSE) P/E Ratio: 22.88 NYS Novartis Group NVS 58.52 55.40 3.12 5.63 59.03 55.09 1965180 NYS Owens-Illinois OI 31.56 26.12 5.44 20.83 31.56 26.12 1735070 Colorado connection: Operates rail Institutional ownership: 57.6 percent NYS Petro-Canada PCZ 45.51 39.32 6.19 15.74 45.51 38.91 531558 lines in Northern Colorado. 2006 sales: $186.5 million NYS Praxair Inc. PX 66.25 62.96 3.29 5.23 66.25 62.69 1197081 NYS Precision Castparts Corp. PCP 107.01 103.87 3.14 3.02 107.15 102.08 839519 Headquarters: Fort Worth, Texas 2 006 income: $ 24.4 million Nas QLT Inc. QLTI 7.36 7.91 -0.55 -6.95 7.91 6.64 641486 Business: Provides freight rail trans- NYS Quebecor Inc. IQW 13.36 12.70 0.66 5.2 13.98 12.48 75827 portation services in North America. NYS Qwest Communications Intl. Q 9.39 8.99 0.4 4.45 9.39 8.76 16487925 Nas Regent Communications Inc. RGCI 3.46 3.09 0.37 11.97 3.55 3.09 48531 Web: www.bnsf.com Owens-Illinois Inc. NYS Ritchie Bros. Auctioneering Inc. RBA 59.55 59.54 0.01 0.02 61.39 58.95 74805 May 2 close: $ 87.93 Ticker: OI (NYSE) NYS RR Donnelley & Sons Co. RRD 42.67 37.17 5.5 14.8 42.67 36.85 1968251 52-week high: $90.48 Colorado connection: Operates a bot- NYS Safeway Inc. SWY 36.14 36.96 -0.82 -2.22 38 35.83 3051550 Nas Security with Advanced Technology Inc. SWAT 3.67 4.28 -0.61 -14.25 4.28 3.61 16860 52-week low: $88.51 tle manufacturing facility in Windsor. NYS StarTek Inc. SRT 9.74 9.85 -0.11 -1.12 10.13 9.61 48963 Basic EPS: $4.98 Headquarters: Toledo, Ohio NYS Target Corp. TGT 58.95 59.93 -0.98 -1.64 62.12 58.95 4647478 Nas Telvent TLVT 18.97 19.23 -0.26 -1.35 19.85 18.73 36912 P/E Ratio: 17.97 Business: Manuf actures packaging Nas UAP Holdings Corp. UAPH 28.31 25.53 2.78 10.89 28.31 25.04 388735 Institutional ownership: 74.3 percent products worldwide. NYS Union Pacific Corp. UNP 113.42 101.97 11.45 11.23 117.21 101.97 2332347 2006 sales: $15 billion Web: www.o-i.com Nas Universal Forest Products Inc. UFPI 47.94 50.30 -2.36 -4.69 52.62 46.42 226135 AME UQM Technologies Inc. UQM 4.25 4.10 0.15 3.66 4.43 3.9 60189 2006 income: $1.9 billion May 2 close: $31.56 NYS US Bancorp USB 34.50 34.67 -0.17 -0.49 35.03 34.13 8198494 52-week high: $13.10 Nas Veeco Instruments Inc. VECO 18.74 19.61 -0.87 -4.44 19.93 18.28 357471 52-week low: $31.94 NYS Wal-Mart Stores Inc. WMT 48.28 47.40 0.88 1.86 49.76 47.26 13012274 NYS Wells Fargo & Co. WFC 35.69 34.01 1.68 4.94 36.3 34.01 13135278 Centennial Bank Holdings Inc. Basic EPS: -0.13 Nas Whole Foods Market WFMI 45.6375 45.01 0.63 1.4 47.91 44.13 2028122 Ticker: CBHI (Nasdaq) P/E Ratio: N/A Nas Wild Oats Markets OATS 18.04 18.17 -0.13 -0.72 18.37 17.99 326652 Nas Woodward Governor WGOV 52.27 41.25 11.02 26.72 52.27 41.25 183344 Colorado connection: Operates 11 Institutional ownership: 100.4 per- NYS Xcel Energy Inc. XEL 24.28 24.99 -0.71 -2.84 24.99 24.09 1761570 offices of Fort Collins-based Centennial cent Bank of the West in Larimer and Weld 2006 sales: $7.5 billion counties. 2006 loss: $27.5 million Headquarters: Denver Business: Oper ates Fort Collins-based Centennial Bank of the West and Den-
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Editor’s note: Daily in Review is a partial supply retailer Staples, sporting goods out- plans. “We wish them well in their endeav- Jares will serve as interim dean for one digest of stories reported in the Business let Sports Authority and restaurant chain ors and we will be delighted to work in con- year while the college conducts a nation- Report Daily online service between April 23 TGI Fridays. The center will consist of 17 cert whenever we possibly can,” she said. wide search for a replacement. and May 4. Follow Business Report Daily buildings enclosing 900,000 square feet. each day at www.ncbr.com — click on Eight of the buildings will be clustered State’s high-tech employment slips UQM helps build plug-in hybrid SUV “Breaking News” on the home page — or around a main street that runs through the BROOMFIELD — Colorado has slipped FREDERICK — UQM Technologies Inc. subscribe to have each day’s top items deliv- spine of the center. to No. 3 in its concentration of high-tech (AMEX: UQM) expanded its relationship ered to your inbox. Birmingham, Ala., architect Mike Till- workers, according to a study by AeA, the with Phoenix Motorcars to include the man said his design for Front Range Village development of a hybrid sports utility would qualify it for certification under the nation’s largest technology trade association. FORT COLLINS — Four and a half In its report, Cyberstates 2007, AeA truck. years after announcing it would build a Leadership in Energy and Environmental UQM, a developer of electric motors, Design, or LEED, program. Birmingham- noted that Colorado’s high-tech industry “lifestyle” shopping center on East Harmo- employment dropped by about 1,700 work- landed a contract earlier this year to supply ny Road in Fort Collins, an Alabama devel- based Hoar Construction LLC is the gener- Ontario, Calif.-based Phoenix Motorcars al contractor for the project. ers - or about 1 percent - to 158,100 jobs in oper April 25 broke ground on almost 1 2005, the latest data available. with electric drive systems for an all-electric million square feet of new retail and office Latino Chamber forming in Greeley Colorado had held the No. 1 ranking for four-door pickup truck. space. nine years. It was surpassed by Virginia, For that order, UQM will deliver a $9.25 The 110-acre, $120 million Front Range GREELEY — The Northern Colorado where 8.9 percent of workers are in the million order for the electric drive system Village, anchored by a new-style SuperTarget Latino Chamber of Commerce is in the ini- high-tech industry compared to 8.6 percent and onboard DC-to-DC converters to store and a Lowe’s Home Improvement Ware- tial stages of forming in Greeley, according in Colorado. Massachusetts holds the No. 2 power the vehicles’ instrumentation. The house, is a vast departure from the lifestyle to Cesar Urias, a focus group member for spot in the latest rankings. order is scheduled for delivery throughout model. But city officials on hand for a sunny the new organization. the year. groundbreaking ceremony said the Bayer The group hosted a fund-raising event UQM will now work with Phoenix and Properties Inc. project would help close a on May 2 at New Frontier Bank. Jares interim dean of UNC’s Monfort College lithium titanate battery maker Altair Nan- growing hole in the city’s sales tax depository. Urias said forming the Latino chamber is GREELEY — Timothy Jares, associate otechnologies Inc. to develop a hybrid ver- Bayer principal David Silverstein said the not a criticism of the Greeley Chamber of dean for the Monfort College of Business at sion of its electric truck. project’s construction timetable would call Commerce or its efforts to reach out to the University of Northern Colorado, will The hybrid trucks will use the same tech- for another ceremony, the ribbon-cutting, Latino business. “We never said we need to step in as interim dean when Joe Alexander nology as hybrids currently in the market, in late July 2008. be separate but it’s something we’d like to takes a new job. but it will have a larger battery that can be Also on hand for the event were board do on our own,” he said. “That’s not to say Alexander will leave the college on June charged in a standard home outlet, accord- and staff members of the Fort Collins we don’t intend to work with the Greeley 30 to become associate dean and senior ing to a company press release. The battery Library District, which will have a 16,000- Chamber because we do plan to do that.” professor of performance excellence at the can power the vehicle for 20 miles to 60 square-foot branch at Front Range Village. Sarah MacQuiddy, Greeley chamber Jack C. Massey Graduate School of Business miles, with the internal combustion engine Bayer has also signed leases with office director, said she was aware of the group’s at Belmont University in Nashville, Tenn. kicking in for longer range driving.
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