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Weld County, 2016 Economic Profile Table of Contents

This workbook contains multiple worksheets of data for Weld County. Please select the tabs at the bottom of this workbook to access contents. If tabs are not visible, maximize your Microsoft Excel viewing window.

Workbook Contents Worksheet 1: Population & Cities Worksheet 2: Employment & Labor Force Worksheet 3: Education Worksheet 4: Cost of Living, Income, & Housing Worksheet 5: Tax Rates Worksheet 6: Transportation Worksheet 7: Commercial Real Estate Worksheet 8: Cultural Institutions Worksheet 9: Economic Development Partners

To print all workbook pages at the same time, select "Print" from the File menu. In the print menu box and "Print What" section, select "Entire Workbook." Weld County, Colorado 2016 Economic Profile Population & Cities

Population and Households, 2015 Gender and Age Distribution, 2015 Population Households Male 50.0% Weld County 284,876 103,362 Female 50.0% Ault 1,631 627 Berthoud (MCP) 73 22 Median age 33.9 Brighton (MCP) 380 123 0 to 14 years 22.4% Dacono 4,486 1,595 15 to 29 years 22.3% Eaton 4,925 1,819 30 to 44 years 20.4% Erie (MCP) 11,967 4,307 45 to 59 years 18.3% Evans 19,933 6,903 60 to 74 years 12.1% Firestone 11,961 3,916 75 to 89 years 4.0% Fort Lupton 7,847 2,559 90+ years 0.5% Frederick 11,387 3,824 Note: Percentages may not add due to rounding. Garden City 244 127 Source: Colorado Division of Local Government, State Gilcrest 1,083 344 Demography Office. Greeley 101,302 37,780 Grover 144 90 Weld County Square Miles Hudson 1,584 564 4,014 Johnstown (MCP) 14,064 4,687 Source: Colorado Department of Local Affairs. Keenesburg 1,197 467 Kersey 1,558 540 La Salle 2,068 749 Lochbuie (MCP) 5,459 1,932 Race and Ethnicity Distribution, 2015 Longmont (MCP) 126 82 Hispanic or Latino (of any race) Mead 4,386 1,486 Milliken 6,351 2,126 Not Hispanic or Latino Northglenn (MCP) 13 11 White alone Nunn 442 199 Black or African American alone Pierce 878 337 American Indian and Alaska Native alone Platteville 2,656 951 Asian alone Raymer 101 55 Native Hawaiian and Other Pacific Islander alone Severance 3,744 1,304 Other race Windsor (MCP) 16,958 6,344 Note: Percentages may not add due to rounding. Unincorporated Area 45,928 17,492 Source: U.S. Census Bureau, Population Estimates Program. Note: MCP indicates multi-county place. Figures reported are the portion of total population and households located in the given county. Source: Colorado Division of Local Government, State Demography Office. Weld County, Colorado 2016 Economic Profile Employment & Labor Force

Employment by Industry, 2015 Labor Force Data, 2015 Average Labor Force 147,984 Establishments Employment Annual Wage Employed 142,314 Total All Industries 6,666 101,501 $46,613 Unemployment Rate 3.8% Agriculture, Forestry, Fishing, Hunting 224 3,868 $39,177 Source: Colorado Department of Labor and Mining 242 7,617 $79,679 Employment, Labor Market Information. Utilities 28 326 $86,044 Construction 901 9,556 $54,848 Manufacturing 312 12,658 $49,053 Wholesale Trade 457 4,124 $70,196 Retail Trade 625 9,717 $29,640 Transportation & Warehousing 391 3,783 $56,259 Information 79 658 $50,028 Finance & Insurance 344 3,072 $58,881 Real Estate, Rental, & Leasing 269 1,269 $46,065 Professional & Technical Services 749 2,555 $60,988 Management of Companies & Enterprises 52 1,471 $119,741 Administrative & Waste Services 374 5,952 $29,757 Educational Services 70 476 $25,548 Health Care & Social Assistance 445 8,694 $45,986 Arts, Entertainment, & Recreation 74 986 $19,177 Accommodation & Food Services 420 7,521 $15,061 Other Services 455 2,288 $33,041 Government 150 14,901 $40,776 Non-Classifiable 8 10 $71,631 Note: Employment for individual industries may not add to the total due to rounding. Source: Colorado Department of Labor and Employment, Labor Market Information, Quarterly Census of Employment and Wages (QCEW).

Ten Largest Employers in Weld County Local Company Industry Employees JBS Swift & Company Beef Processing/Corporate Office 4,620 Banner Health: North Colorado Medical Center Healthcare 3,450 Vestas Wind Turbine Manufacturing 2,400 State Farm Insurance Companies Insurance 1,400 TeleTech Financial Services Support 830 Halliburton Energy Services, Inc. Oil & Gas Development 690 Anadarko Petroleum Oil & Gas Development 610 Xerox Commercial Solutions Business Process & Document Management 500 Select Energy Services Oil & Gas Development 500 Noble Energy Oil & Gas Development 500 Source: Development Research Partners, May 2016. Weld County, Colorado 2016 Economic Profile Education

K-12 Education Statistics Shares of Population Age 25 Years and Over by Educational (Most Recent Available School Year) Attainment (2015) School Year Weld County Percent of Total Enrollment 2015-2016 41,820 Percent with high school diploma or higher 87.1 Number of Schools 2015-2016 78 Percent with bachelor's degree or higher 25.9 Pupil/Teacher Ratio 2015-2016 17.6 Colorado 1 Dropout Rate (grades 7-12) 2014-2015 2.2% Percent with high school diploma or higher 91.2 2 Completer Rate 2014-2015 81.3% Percent with bachelor's degree or higher 39.2 3 Graduation Rate 2014-2015 83.0% U.S. Average Percent with high school diploma or higher 87.1 1 Includes alternative schools. Due to a change in Colorado law, dropout figures from 2005 and beyond could include students who have left to Percent with bachelor's degree or higher 30.6 attend school at home, outside of the state or country, or at a private Source: U.S. Census Bureau, American Community Survey. institution. These students are only included in the dropout count when specific documentation of the school change is not provided.

2 Completers are students who graduate, receive certificates or other designations of high school completion or attendance, or receive a G.E.D. Higher Education Facilities in Metro and Northern Colorado from programs administered by the district. Fall 2015 3 Graduation rates are calculated based on high school graduates only. Four Year Public Colleges and Universities Enrollment Source: Colorado Department of Education. Colorado School of Mines - Golden 5,923 Colorado State University - Fort Collins, Denver 27,935 College Entrance Exam Scores Metropolitan State University - Denver 20,155 ACT Composite Score - 2016 Boulder 31,663 Weld County 18.7 University of Colorado Denver 18,658 Northern Colorado 20.2 University of Northern Colorado - Greeley 10,058 Colorado 20.6 U.S. Average 20.8 Four Year Private Colleges and Universities SAT 2016 Colorado Christian University - Lakewood 5,787* Critical Reading Johnson & Wales - Denver 1,388 Colorado 587 - Denver 9,208* U.S. Average 494 - Denver 11,797 University of Phoenix - Metro Denver campuses 1,674* Math Colorado 589 Two Year Public Colleges U.S. Average 508 - Greeley 5,298 Arapahoe Community College - Littleton 10,004 Writing Community College of Aurora 6,943 Colorado 571 Community College of Denver 9,130 U.S. Average 482 Front Range Community College - Westminster, Fort Collins 18,747 Note: All Colorado high school juniors are required to Red Rocks Community College - Lakewood 7,789 take the ACT. Nationally, only college bound juniors *Estimate. generally take the ACT. Source: Colorado Department of Higher Education and individual schools. Sources: Colorado Department of Education; ACT, Inc.; and College Board. Weld County, Colorado 2016 Economic Profile Cost of Living, Income, & Housing

Per Capita Personal Income, 2015 Avg. Monthly Apartment Rents, 3Q 2016 Single-Family Median Home Weld County $42,787 Type Greeley Price (000s) Northern Colorado $44,151 Efficiency $597.94 Colorado $50,899 1 Bed $882.49 City 3Q 2016 United States $48,112 2 Bed 1 Bath $855.93 Atlanta, GA $191.5 Source: U.S. Bureau of Economic Analysis. 2 Bed 2 Bath $1,171.37 Baltimore, MD $264.3 3 Bed $1,145.04 Boston, MA $435.3 All $986.40 Boulder, CO $515.2 1 Vacancy Rate 3.8% Chicago, IL $244.1 1 Vacancy rate for all apartment types. Cleveland, OH $138.9 Source: Colorado Division of Housing, Colorado Dallas, TX $230.5 Multi-Family Housing Vacancy and Rental Survey. Denver, CO $386.8 Houston, TX $217.4 Cost of Living Index (selected cities) - Third Quarter 2016 Los Angeles, CA $536.7 Misc. Goods Miami, FL $315.0 City All Items Index1 Grocery Housing Utilities Transportation Health Care and Services Minneapolis, MN $240.3 Atlanta, GA 97.6 101.6 84.9 104.8 101.1 110.2 101.7 New York, NY $397.6 Austin, TX 96.3 86.6 94.0 101.3 99.8 100.5 98.9 Philadelphia, PA $234.8 Boston, MA 146.4 107.9 203.2 150.2 113.3 132.7 125.3 Phoenix, AZ $235.3 Chicago, IL 117.6 103.5 140.9 87.1 133.0 103.3 109.7 Portland, OR $358.5 Dallas, TX 103.2 110.3 96.4 98.9 100.7 108.3 107.7 Raleigh, NC $250.2 Denver, CO 112.6 110.4 134.3 94.7 104.1 107.8 104.2 San Francisco, CA $835.4 Houston, TX 99.4 86.9 106.1 109.8 94.7 90.2 98.4 Seattle, WA $422.1 Las Vegas, NV 101.3 101.6 107.4 86.6 107.3 101.4 98.4 Washington, DC $393.5 Los Angeles, CA 143.6 112.9 225.2 106.7 130.6 110.0 106.8 United States $240.9 Miami-Dade County, FL 108.7 101.7 129.1 96.3 104.6 101.1 100.4 Source: National Association of Realtors. Oakland, CA 152.4 134.5 237.9 107.4 125.7 114.7 114.9 Phoenix, AZ 98.6 94.6 98.6 95.2 102.1 95.3 100.5 Portland, OR 128.2 117.2 175.1 80.9 109.0 108.3 116.6 Raleigh, NC 94.7 113.8 70.6 94.6 91.9 101.1 107.7 Salt Lake City, UT 93.1 93.9 90.5 78.5 108.6 92.3 94.3 San Diego, CA 145.7 114.7 235.1 117.4 127.0 108.0 102.3 San Francisco, CA 181.9 132.8 334.4 107.3 133.1 118.2 119.9 Seattle, WA 143.1 122.3 179.0 126.5 131.0 126.3 132.4 St. Louis, MO-IL 89.7 102.2 69.5 110.7 94.9 97.5 92.4 Washington, DC 151.6 114.3 243.7 121.8 97.9 100.1 122.5

1 Index measures the relative price levels for consumer goods and services in selected cities compared with the national average of 100 for all participating cities.

Source: The Council for Community and Economic Research, C2ER Cost of Living Index. Weld County, Colorado 2016 Economic Profile Tax Rates

Local & State Sales Tax Rates Real & Business Personal Property Taxes Ault 3.00% Berthoud 3.00% Assessment Ratios Brighton 3.75% Commercial Property 29% Dacono 3.00% Residential Property* 7.96% Eaton 3.00% Erie 3.50% Average Mill Levy, 2015 Evans 3.50% Weld County 61.807 Firestone 3.00% Northern Colorado 69.709 Fort Lupton 4.00% Note: The mill levy is the dollars of tax per $1,000 of Frederick 2.50% assessed valuation. Garden City 3.00% Source: Colorado Division of Property Taxation. Gilcrest 4.00% Greeley 4.11% Property Tax Example Hudson 4.00% Assume you have a home with a base year market value of Johnstown 3.00% $200,000. With a residential property assessment ratio of Keenesburg 3.00% 7.96%, the assessed value of the home is $15,920 (1). Kersey 3.60% Given that the 2015 Northern Colorado average mill levy of 69.709 is the tax on each $1,000 of assessed value, the La Salle 3.50% total tax due is $1,109.77 (2). Lochbuie 4.00% Mead 2.00% Milliken 2.50% (1) $200,000 * 7.96% = $15,920 Northglenn 4.00% (2) $15,920 * .069709 = $1,109.77 Nunn 2.00% Pierce 2.00% Colorado Income Tax Platteville 3.00% Corporate Income Tax 4.63% Severance 3.00% Personal Income Tax 4.63% Windsor 3.95% Note: Income tax rate is applied to adjusted federal gross income. Weld County No Sales Tax Source: Colorado Department of Revenue. Colorado 2.90% Note: Sales and use tax rates are current as of July 1, 2016. Additional local or special levies may apply. Some cities may be located in more than one county. Source: Colorado Department of Revenue. Weld County, Colorado 2016 Economic Profile Transportation

Weld County has an excellent transportation infrastructure, with I-25 and Highway 85 serving north/south demand, and Highway 34 and I-76 providing east/west access. The county is served by two major railroads, Union Pacific and Burlington Northern Santa Fe Railway, as well as short line Great Western.

Air Transportation

Denver International Airport (DEN) General Aviation Airports Denver International Airport (DEN) is the sixth-busiest airport The Northern Colorado Regional Airport is located about in the United States and has served well more than 900 55 miles north of Denver along the I-25 corridor. The million passengers since it opened in February 1995. airport has commercial airline service and also provides corporate and general aviation services. Annually, 54,000 www.flydenver.com visitors arrive in Colorado via the airport and the airports economic contirbution is $129.4 million. Size (square miles) 53 www.fortloveair.com Runways 6 Size (acres) 1,050 Gates (includes gates in regional jet facilities) 151 Runways 2 Commercial Carriers 15 Based Aircraft 263 2015 Passenger Traffic (millions) 54.0 2014-2015 Passenger Traffic Growth 1.0% The Greeley-Weld County Airport is one of Colorado's Total Destinations (Domestic & Int'l) Over 180 fastest-growing business aviation facilities. The airport is located 50 miles north of Denver. Annually, 23,000 visitors arrive in Colorado via the airport and the airports economic contirbution is $94.1 million. www.gxy.net Size (acres) 1,200 Runways 2 Based Aircraft 210

Regional Transit Resources City of Loveland Transit (COLT) http://www.ci.loveland.co.us/publicworks Greeley-Evans Transit (GET) www.greeleygov.com/theBus Transfort (City of Fort Collins) www.ci.fort-collins.co.us/transfort/

Rail Transportation Burlington Northern Santa Fe Railway - Freight Service Union Pacific Railroad - Freight Service Amtrak - Passenger Service Weld County, Colorado 2016 Economic Profile Commercial Real Estate

Weld County Commercial Real Estate Market Conditions, 3Q 2016 Overall Existing Vacant Vacancy Avg. Lease Space1 Space1 Rate Rate2 Office 5.4 0.2 3.4% $17.01 Industrial 20.8 0.4 1.7% $8.79 Flex 2.3 0.4 17.0% $6.64 Retail 11.3 0.5 4.1% $10.00 1 Building space is listed in millions of square feet. Vacant space, vacancy rate, and average lease rate are for all direct and sublet space. 2 Office lease rates are per square foot; all others are per square foot, triple-net (NNN). Source: CoStar Realty Group. Business Parks in Weld County 2016 Acres Construction Cost Index 2016 Niobrara Data Center/Energy Park 662 City Materials Installation Composite Great Western Industrial Park 500 Atlanta, GA 98.1 76.5 88.6 Northland Industrial Park 432 Baltimore, MD 100.9 83.4 93.2 Promontory Business Park 200 Boston, MA 100.6 139.1 117.5 Del Camino Center I & II 160 Buffalo, NY 100.3 106.4 103.0 Raspberry Hill Business Park 160 Chicago, IL 99.9 140.4 117.8 The Grainery Park 156 Cincinnati, OH 98.2 83.7 91.8 Silver Peaks Business Park 148 Cleveland, OH 99.2 99.4 99.3 I-25 Gateway Center 146 Columbus, OH 98.2 87.4 93.5 Crossroads Business Park 140 Dallas, TX 99.2 67.9 85.4 Great Plains Village 138 Denver, CO 101.6 80.4 92.3 Highpoint Business Center 136 Detroit, MI 98.2 108.2 102.6 Eagle Business Park 133 Houston, TX 100.7 69.8 87.1 Dacono Gateway Center 130 Indianapolis, IN 99 85.2 93.0 Glacier West Business Park 120 City, MO 100.2 104.8 102.2 Sekich Business Park 115 Los Angeles, CA 100.2 117.2 107.1 Foster Ridge Business Park 113 Memphis, TN 98.9 72.5 87.3 Union Colony Industrial Park 112 Miami, FL 98.9 72.3 87.2 Weld Industrial Park 100 Milwaukee, WI 98.9 106.9 102.4 Diamond Valley Industrial Park 91 Minneapolis, MN 100.7 119.9 109.1 Greeley Commerce Center 84 Nashville, TN 98.2 74.1 87.6 Bear Industrial Park 77 New York, NY 100.7 169.8 131.1 I-25 Business Park 77 Philadelphia, PA 99.5 134.7 115.0 Lost Creek Commons 74 Phoenix, AZ 100.5 73.0 88.4 Windsor Tech Center I & II 63 Pittsburgh, PA 100.2 104.6 102.1 Indian Peaks Industrial Park 60 St. Louis, MO 100.2 104.3 102.0 Erie Aero Technology Center 56 San Antonio, TX 100.3 64.1 84.4 Source: Weld County. San Diego, CA 101.4 109.8 105.1 San Francisco, CA 104.1 146.0 122.5 Seattle, WA 102.3 103.8 103.0 Washington, D.C. 100.6 95.9 98.5 National Average 100.0 100.0 100.0 Source: RS Means, "Building Construction Cost Data 2016." Weld County, Colorado 2016 Economic Profile Cultural Institutions

Major Cultural Institutions in Northern Colorado, 2016 Facility City Facility City "Beet" Street Fort Collins Greeley Philharmonic Orchestra Greeley Benson Sculpture Garden Loveland Greeley Stampede Greeley Fort Collins Museum of Art Fort Collins Lincoln Center Fort Collins Fort Collins Museum of Discovery Fort Collins Midtown Arts Center Fort Collins Fort Collins Symphony Fort Collins UNC/Greeley Jazz Festival Greeley Greeley History Museum Greeley Union Colony Civic Center Greeley Source: Development Research Partners.

Professional Sports Teams and Venues Northern Colorado Team Sport League Venue Hockey ECHL Budweiser Events Center Colorado Ice Football IFL Budweiser Events Center

Metro Denver Team Sport League Venue Hockey NHL Pepsi Center Colorado Mammoth NLL Pepsi Center Soccer MLS Dick's Sporting Goods Park MLB Football NFL Sports Authority Field at Mile High NBA Pepsi Center Lacrosse MLL Sports Authority Field at Mile High Source: Development Research Partners. Weld County, Colorado 2016 Economic Profile Economic Development Partners

Brighton Economic Development Corp. Town of Mead www.brightonedc.org www.townofmead.org 22 S. Fourth Ave., Suite 305 441 Third St. Brighton, CO 80601 Mead, CO 80542 Phone: 303-655-2155 Phone: 970-535-4477 [email protected]

Town of Berthoud Town of Windsor www.berthoud.org www.windsorgov.com 328 Massachusetts Ave. 301 Walnut St. Berthoud, CO 80513 Windsor, CO 80550 Phone: 970-744-1026 Phone: 970-674-2414

Town of Erie Upstate Colorado Economic Development www.erieco.gov www.upstatecolorado.org 645 Holbrook St. 822 7th St., Suite 550 Erie, CO 80516 Greeley, CO 80631 Phone: 303-926-2769 Phone: 970-356-4565 [email protected] Town of Firestone www.ci.firestone.co.us 151 Grant Ave. Firestone, CO 80520