Great Western Industrial Park, Windsor, CO Supplemental Summary Information

Attached please find a property brochure and letter from the Great Western Development Corporation along with a letter from the Town of Windsor which details the summarized project specifications below:

 Site: 40+ acre industrial zoned site is available. Land pricing starts at $2.95/sf – see attached Great Western letter/brochure.

 Rail: Yes, the Great Western Short-Line Railway serves this park – see attached Great Western brochure/letter

 Building Height: Town of Windsor officials confirm that the building height limit in this park is 75 feet – see attached Windsor letter.

 Gas: The Park has two providers – Xcel Energy and Atmos Gas, depending upon parcel location. The provider for the proposed parcel (Lot 10) is Xcel Energy – see attached Great Western letter.

 Electric: The Park has two providers – Xcel Energy and Poudre Valley REA, depending upon parcel location. The provider for the proposed parcel (Lot 10) is Poudre Valley REA. Because the Park was designed for heavy power users, there is a large substation onsite with up to 100 megawatts of capacity. Additionally, there is a 115 KV Poudre Valley REA transmission line running through the Park – see attached Great Western letter.

 Water: The Town of Windsor is the provider. Town officials have confirmed that a 12” line runs along Great Western Drive which is the western boundary of the propose site – see Windsor letter.

 Wastewater: The Town of Windsor is the provider. They’ve confirmed that an 18” line runs along Great Western Drive which is the western boundary of the proposed site. Water/sewer officials are unable to calculate BOD FOG and TSS surcharge rates without specific levels from the company. BOD, FOG and TSS limits information is in the attached Windsor letter.

 Telephone & Internet: Existing fiber lines are in the roadways that surround the park. There is dark fiber with capacity and availability to Quest, Level 3 and Verizon.

 Phase 1 Environmental & Geotechnical Report: Proposed lot is a Greenfield site that is currently being farmed. Confidential reports will be provided with more project details.

September 15, 2016

UPSTATE Colorado Economic Development Attn: Cathy L. Schulte, CEcD 822 7th Street, Suite 550 Greeley, CO 80631

RE: Upstate #16-09-0623 (OEDIT Prospect 5738)

Ms. Schulte,

Thank you for the opportunity to present our real estate opportunity. Attached please find information on the Great Western Industrial Park, a 3,000 acre master planned, business park. After reviewing the site and facility requirements, it is clear that the Great Western Industrial Park will meet or exceed all of the parameters of this inquiry. The park’s industrial zoned land, wealth of amenities, easy truck access, and development ready sites make it an excellent fit for the described facility.

OmniTRAX, Inc., based in Denver, Colorado, one of the world’s largest private owners of short line and regional railroads, owns and operates 21 railroads across the country. It also operates intermodal facilities and ports across the United States and Canada. As affiliates of The Broe Group, OmniTRAX and The Great Western Development Company also have the unique capability of offering customers specialized industrial development and real estate opportunities, both on and off the OmniTRAX rail network.

The Great Western Industrial Park offers a unique location for manufacturing facilities for a number of reasons:

• Infrastructure. Significant investments have been made to facilitate the installation of all appropriate infrastructures for industry, including vehicle access and utilities as well as rail through our affiliated company, The Great Western Railway of Colorado.

• Fiber. Existing fiber lines are in the roadways that surround the park. There is dark fiber with capacity and availability to Quest, Level 3 and Verizon.

• Foreign Trade Zone. The Great Western Industrial Park has been designated as a Foreign Trade Zone. Depending on the sourcing and distribution of goods into and out of the United States, the Foreign Trade Zone can offer significant savings in custom duties.

• Incentives. Various incentives, are available through the Weld County Enterprise Zone and other local, state and federal government entities.

• Location. The Great Western Industrial Park is strategically located in the center of growth in the region, and has proximity to the interstate and state highways that are the main arterials in the state. The Industrial Park is directly adjacent to State Highway 257, within 2 miles of State Highway 34, within 9 miles of US Highway 85, within 10 miles of Interstate 25 and 60 miles (an hour drive) from Denver International Airport.

252 Clayton Street • Denver, Colorado 80206 • 303-393-0033 2005 Howard Smith Ave. E • Windsor, Colorado 80550 • 970-686-8831 www.GW-IP.com

• Power. The Great Western Park has multiple electricity providers, Xcel Energy, as well as Poudre Valley Rural Association (PVREA). Because the Park was designed for heavy power users, there is a large substation onsite with up to 100 megawatts of capacity. Additionally, there is a 230 KV Xcel Energy transmission line, as well as, a 115 KV PVREA transmission line running through the Park.

• Proven. To date, twelve companies have invested a combined $780 million in vertical construction and purchased a combined 345 acres in the Great Western Park. These companies are:  Owens-Illinois, the number one glass bottle manufacturer in the world  Vestas Wind Systems, the world leader in wind power solutions  Front Range Energy, a 40 million gallon ethanol plant  Reliant Holdings, who captures the CO2 produced by the ethanol plant  Hexcel Corp., a carbon fiber and advanced composites maker  Colorado National Guards, newest LEED certified Readiness Center  Musket Corp., crude to rail terminal  Halliburton, frac sand terminal  Blue Water Resources, frac water depot  Cargill (New 2014), steel processing and distribution center  Schlumberger, drilling rig lift assembly and distribution  Crall Products (New 2015), a filtration equipment and tank manufacturing facility

• Quality of Life. Northern Colorado is one of the fastest growing regions in the country and offers an outstanding quality of life which is essential in attracting and retaining employees.

• Development Ready & Flexible Zoning. The Great Western Industrial Park has been entitled, annexed, and zoned within the Town of Windsor. Because the Great Western Park is over 3,000 acres, there is a wide array of zoning from Heavy & Light Industrial allowing tall building heights, manufacturing and outside storage, to Commercial and Mixed Use zones that allow office and R&D. Because such uses are permitted “by right” in the municipal code, users can avoid the hassle of public hearings and a long approval process. With these steps completed, parcels within the Park are ready for construction. The adjacent Commercial and Mixed Use zones offer the long term flexibility to serve many types of supporting industry without worry of residential encroachment.

• Water. Great Western will work closely with the Town of Windsor and your team to source high volumes of water service. Our superior water knowledge and sourcing capabilities make satisfying your potable water, non-potable water, sewer and equipment cooling needs effortless. Furthermore, Great Western and its affiliates are one of the largest owners of water rights in the area and can provide unique solutions for prospective water users.

• Work Force. Weld County is one of the fastest growing areas in the nation. Its proximity to the Denver-Boulder metro area and other northern Front Range communities places it within easy commuter distance to an estimated labor force of 1.5 million people. There are three internationally respected research universities and two vocational colleges nearby the Great Western Industrial Park. Those schools are producing some of the most talented graduates in the nation. 252 Clayton Street • Denver, Colorado 80206 • 303-393-0033 2005 Howard Smith Ave. E • Windsor, Colorado 80550 • 970-686-8831 www.GW-IP.com

There is great flexibility in the lots in Great Western to accommodate your 40 plus acre requirement, and access to existing municipal utilities that create a development ready scenario for your project. Land pricing starts at $2.95 per square foot and once additional development details are attained, pricing will be better defined.

The Great Western Development Company is managed by the Broe Group. Headquartered in Denver, Colorado, the Broe Group has over $2 billion under management and more than 30 years of international investment, acquisition and operation experience. The Great Western Development Company develops industrial property along rail lines managed by OmniTRAX, Inc., the largest privately held rail transportation service company in North America and an affiliate of the Broe Group. OmniTRAX operates the Great Western Railway that serves the Great Western Industrial Park.

I appreciate your willingness to pass along our information to your project contact. I would also like the opportunity to confidentially discuss our capabilities directly with them, so as to determine the resources we would make available to assist in this project. (I will contact you in the upcoming weeks to discuss The Great Western Industrial Park).

Please don’t hesitate to contact me with any questions; I can be reached at my office (303)-398-0539 or cell phone (970)-319-5836.

Thank you for your consideration.

Sincerely,

Erik S. Halverson Director of Business Development Great Western Development Company

252 Clayton Street • Denver, Colorado 80206 • 303-393-0033 2005 Howard Smith Ave. E • Windsor, Colorado 80550 • 970-686-8831 www.GW-IP.com www.greatwesternindustrialpark.com

www.greatwesternindustrialpark.com FORT COLLINS WINDSOR RESERVOIR

HARMONY ROAD COLORADO’S MOST DYNAMIC RAIL SERVED INDUSTRIAL PARK AND LOGISTICS HUB STATE HIGHWAY 257 HIGHWAY STATE

PTARMIGAN GOLF COURSE HIGHWAY 392

WINDSOR HIGHWAY 85 GREAT WESTERN RAILWAY EASTMAN PARK DR

PELICAN LAKES 83RD AVE GOLF COURSE

BUDWEISER EVENT CENTER GREELEY E CROSSROADS BLVD WALMART DISTRIBRUTION CENTER

THE PROMENADE SHOPS AT CENTERRA Fort Collins GREAT WESTERN RAILWAY Loeland Windsor US-34 HIGHWAY 34 257 ST HWY Greele 34 2 TO 200 ACRE INDUSTRIAL AND RAIL SERVED SITES

85 FOR SALE, LEASE OR BTS 76 LOVELAND Longmont 25

Boulder Home to: Dener International Airport DENVER DENVER

For Sale or Lease Information Please Call: DEVELOPED BY For Sale or Lease Information Please Call: DEVELOPED BY Mike Wafer, SIOR Tim D’Angelo, SIOR Michael Wafer Jr. Mike Wafer, SIOR Tim D’Angelo, SIOR Michael Wafer Jr. [email protected] [email protected] [email protected] [email protected] [email protected] [email protected] 303.260.4242 303.260.4252 303.260.4407 303.260.4242 303.260.4252 303.260.4407 www.greatwesternindustrialpark.com

The Great Western Industrial Park is one of the largest master planned industrial parks in the state offering 2 to 200 acres of EASTMAN PARK DRIVE industrial zoned properties for sale, lease or build-to-suit.

The park has the location, transportation, logistics infrastructure and economic incentives to give its tenants and users every competitive advantage. The industrial park has customized rail service by Great Western Railway of Colorado with access to both Union Pacific and BNSF railroads.

SITE DETAILS

LOCATION: Windsor, CO - Weld County PARK HIGHLIGHTS:

■■ Various site configurations, lot sizes and build- WESTERN DRIVE GREAT SITE SIZES: 2 to 200 Acres to-suit options available for sale or lease

UTILITIES TO SITES: Supplied by major ■■ Transload services providers ■■ Designated Foreign-Trade Zone

■■ State tax breaks available via Weld County ZONING: Heavy Industrial, Enterprise Zone Town of Windsor ■■ Site planning, engineering and track design PRICING: From $2.95/SF services (Call for details) ■■ Access to major Interstate and State Highways: E-470, I-25, I-70 and U.S. Highways: 287, 34 As one of North America’s largest private railroad and transportation management companies, RAIL PARK FEATURES: and 85 OmniTRAX’s core capabilities range from providing management services to railroad and port services and to intermodal and industrial switching operations. Through its affiliation with The ■■ Great Western Railway of Colorado, LLC with ■■ Denver International Airport located 45 minutes Broe Group and its portfolio of managed companies, OmniTRAX also has the unique capability access to BNSF and UP southeast of Windsor, CO of offering specialized industrial development and real estate solutions, both on and off the rail ■■ Rail engineering services ■■ Eastman Park Drive frontage network managed by OmniTRAX. More information is available at www.omnitrax.com.

PRICING: $3.50/SF Lot 10 - 54.2± Acres www.greatwesternindustrialpark.com

RAIL ACCESS INDUSTRIAL RAIL SERVED SITE FOR SALE, LEASE OR BTS

SITE DETAILS LOT 10 Windsor, CO - Weld County LOCATION: APPROX. 54.2 AC ZONING: Heavy Industrial, Town of Windsor

SITE: Approx. 54.2 Acres COUNTY ROAD 23 COUNTY ROAD GREAT WESTERN DRIVE GREAT TOPOGRAPHY: Flat

UTILITIES TO SITE: ■■ Electric Provider: PVREA ■■ Gas Provider: Xcel ■■ Water / Sewer Provider: Town of Windsor ■■ Non-Pot.Water: Available EASTMAN PARK DRIVE PRICING: From $2.95/SF (Call for details)

RAIL PARK FEATURES: ■■ Great Western Railway of Colorado, LLC with access to BNSF and UP ■■ Transload services ■■ Rail engineering services

PARK HIGHLIGHTS: ■■ Access to major Interstate and State Highways ■■ Build-to-suit opportunities available

■■ Denver International Airport located 45 WESTERN DRIVE GREAT minutes southeast of Windsor, CO ■■ Designated Foreign-Trade Zone ■■ Eastman Park Drive frontage ■■ Adjacent to Kodak lead track

For Sale or Lease Information Please Call: DEVELOPED BY Mike Wafer, SIOR Tim D’Angelo, SIOR Michael Wafer Jr. [email protected] [email protected] [email protected] 303.260.4242 303.260.4252 303.260.4407 Lot 10 - 54.2± Acres www.greatwesternindustrialpark.com

FORT COLLINS WINDSOR RESERVOIR

HARMONY ROAD STATE HIGHWAY 257 HIGHWAY STATE

PTARMIGAN GOLF COURSE HIGHWAY 392

WINDSOR HIGHWAY 85 GREAT WESTERN RAILWAY EASTMAN PARK DR

PELICAN LAKES 83RD AVE GOLF COURSE

BUDWEISER EVENT CENTER GREELEY E CROSSROADS BLVD WALMART DISTRIBRUTION CENTER

Fort Collins THE PROMENADE SHOPS AT CENTERRA Loeland Windsor Greele GREAT WESTERN RAILWAY 4 US-34 HIGHWAY 34 257 ST HWY

5 Longmont 25 LOVELAND Boulder

Dener International Airport DENVER DENVER

For Sale or Lease Information Please Call: DEVELOPED BY Mike Wafer, SIOR Tim D’Angelo, SIOR Michael Wafer Jr. [email protected] [email protected] [email protected] 303.260.4242 303.260.4252 303.260.4407

9.15.16

Cathy Schulte Senior Vice President Upstate Colorado Economic Development Corporation 822 Seventh Street, Suite 550 Greeley, CO 80631

RE: Prospect 5738

Dear Ms. Schulte,

On behalf of the Town of Windsor, I would like to thank you for the opportunity to assist with Upstate Colorado’s Prospect #5738 a food processing facility. I believe the Town of Windsor offers an incredible value proposition for a project like this. We offer secure locations with ample infrastructure in utilities and transportation. Our municipal code here at the Town of Windsor also fast tracts all commercial and industrial projects through the development review process.

We support this company’s intention to establish their operations in Weld County, and are assured that they may find a proper location at the Great Western Industrial Park (GWIP) in Windsor. GWIP is in close proximity to several state highways including access to Interstate 25 via several different route possibilities. GWIP also includes a short line rail with access to both Union Pacific and Burlington Northern Santa Fe rail if needed. The GWIP properties are at an advanced position compared to other regional locations with all necessary infrastructures already in place and available.

GWIP is also designated as a Foreign Trade Zone. This designation increases cash flow and offers significant paperwork savings for businesses to manufacture competitively in the United States. There is also an Enterprise Zone located on the eastern edge of the park, allowing anyone who located there to take advantage of a state income tax credits.

The Town of Windsor does not have limits levels on BOD or TSS however our code prohibits materials which exert or cause: Unusual BOD, chemical oxygen demand, or chlorine requirements in such quantities as to constitute a significant load on the sewage treatment works. With that being said, the Town would be happy to calculate the rates when the BOD, FOG and TSS amounts are provided from the company. Also, the building height limits in GWIP are 75 feet, well within the requested height limit from prospect #5738. There is a 12 inch water line that runs down Great Western Drive as well as an 18 inch Sewer line.

We look forward to working with prospect #5738 who is potentially looking to make a significant investment in our community. I have also included the Town of Windsor Primary Employer Incentive Guidelines for your clients review. Our incentive guidelines are just that, guidelines, so don’t worry if the company does not meet all the requested requirements on the document we will be glad to discuss the opportunity for incentives from the Town of Windsor.

301 Walnut Street · Windsor, Colorado · 80550 · phone 970-674-2400 · fax 970-674-2456 www.windsorgov.com

Thank you for your favorable consideration of locating in Windsor. Please don’t hesitate to contact me if you have any questions or concerns.

Respectfully submitted,

Stacy L. Johnson Director of Economic Development

Enclosure: Primary Employer Incentive Guidelines

2

2016 Primary Employer Incentive Guidelines

I. DESCRIPTION

The Primary Employer Incentive Guidelines are part of the Town of Windsor’s Economic Development Program and are a competitive incentive program offered to companies proposing to locate or expand in the Town of Windsor. All incentives provided under the program require Town Board approval in each case, and are administered by Town staff.

The purpose of the program is to aid economic development within the Town by providing assistance to qualified primary employers who plan to establish new operations or facilities in the Town of Windsor or significantly expand existing operations or facilities in the Town of Windsor.

A primary employer is any company which exports at least 50% of their goods or services outside the region. The Region is currently designated as Larimer and Weld Counties.

II. PURPOSE

The purpose of the Primary Employer Incentive Guidelines program is to attract investment and create primary jobs in the Town of Windsor, thus providing an identifiable public benefit, justifying the Town’s expenditure of taxpayer revenue and/or waiver of such revenue. This can be done through the following approaches:

1. Target those projects with the greatest impact on economic development in Windsor.

2. Provide incentives to stimulate economic development which otherwise would not occur or which would otherwise be delayed longer than is expedient for the maximum public benefit as a whole.

3. Provide a source of funding for projects not eligible for other forms of economic development incentives for any of the following reasons: a. Project timing b. Project Size -- amount needed too small to justify application costs for other types of assistance. c. Traditional bank financing is unavailable or unnecessarily costly

*For more information please contact the Windsor Economic Development Department at: 301 Walnut Street – Windsor, CO 80550 – www.windsorgov.com or 970‐674‐2446

III. ELIGIBLE PARTICIPANTS

The applicant must be a qualified business able to do business in the State of Colorado. Any request by a qualified company must be consistent with the Town of Windsor strategic plan as adopted and in effect at the time of application. All incentivized projects must meet the requirements set out by the Town, including, but not limited to: A. Primary Employers: New & Expanding

1. Creation of primary jobs with a facility-wide aggregate payroll equal to at least 110% of County average for all new hires 2. Minimum capital investment of $500,000 3. Pay 80% facility-wide aggregate of health insurance premiums 4. Provide company information for an Economic Impact Analysis to be run by the town 5. Prepare to provide on-going company information for monitoring purposes

IV. APPLICATION PROCEDURES

The Business Development Manager shall provide potential applicants with pre-application and Economic Impact Analysis forms. Initial contact for application may also be done by phone or in person with other members of the Windsor Town staff including the Town Manager. Company information provided for the Economic Impact Analysis must be current and will not be valid if the information is more than 120 days old from the date on the application.

Pre-applications will be reviewed by Town staff. If the project appears to meet the eligibility requirements of the Town, the applicant will receive written notice and a request to submit a final application including a written request to the Town Manager.

Final applications approved by the Town staff shall be presented to the Town Board as scheduled by the Town Manager.

The Town Board and Town staff may solicit proposals for projects determined to be of crucial importance to the economic development of the Town of Windsor.

V. AVAIALABLE INCENTIVES

A. Development Fees, Sales & Use Taxes: The following fees and/or taxes may be waived, deferred or reimbursed in full or in part upon approval of the Town Board. These Include: 1. Construction materials use tax 2. Raw water charge 3. Water/sewer tap fees *For more information please contact the Windsor Economic Development Department at: 301 Walnut Street – Windsor, CO 80550 – www.windsorgov.com or 970‐674‐2446

4. Storm water drainage fee 5. Town administrative portion of the building permit fee

B. Personal Property Tax Rebate - Pursuant to Section 31-15-903, C.R.S., up to fifty percent (50%) of property tax revenue received by the Town for up to ten (10) years, attributable to personal property placed into service during the first year of operations

C. Expedited development review and fast tracking of commercial project development reviews

D. Town of Windsor Training Dollars - On a case by case basis the Town of Windsor may consider a contributing dollar for dollar match of the Colorado First/Existing Training Grant Program up to a maximum of $10,000 per company E. Sponsorship of Private Activity Bonds

F. Cash incentives may be offered, based on the creation and retention of primary jobs for one year, if the wage is above the required 110% of the county average

G. Access to Community Development Block Grant (CDBG) funds for infrastructure

VI. RESTRICTIONS

1. The Town of Windsor will not provide incentives to companies for relocation of existing employment from other local communities. The Town will only provide incentives for new net qualifying primary jobs.

2. The Town of Windsor will not provide cash incentives for job creation to companies receiving cash incentives from the State of Colorado for job creation

3. If any requirements are not met, the entire incentive or a portion of the Incentive may be recalled. Projects only located within the Town of Windsor municipal boundaries are eligible for this program. Those projects located outside of the Town limits must agree to annex into the Town if the property ever becomes contiguous with the Town Limits. The parameters outlined in the program are for guidance purposes only and each project will be evaluated on a case-by-case basis

*For more information please contact the Windsor Economic Development Department at: 301 Walnut Street – Windsor, CO 80550 – www.windsorgov.com or 970‐674‐2446

VII. CONFLICT OF INTEREST Elected and appointed officials and any Town employees, or agents shall not directly or indirectly be eligible for incentives or inducements offered under this program. This prohibition shall continue for twenty-four (24) months after an individual’s elected, appointed or employment relationship with the Town concludes.

VIII. AMENDMENT OF PRIMARY EMPLOYER INCENTIVE PROGRAM

GUIDELINES The Windsor Town Board has the authority to amend these Primary Employer Incentive Program Guidelines.

*For more information please contact the Windsor Economic Development Department at: 301 Walnut Street – Windsor, CO 80550 – www.windsorgov.com or 970‐674‐2446

970.356.4565 phone 970.352.2436 fax 800.320.8578 toll free

822 Seventh Street, Suite 550 Thank You for Considering Weld County, Colorado - Greeley, CO 80631 We’re Confident You’ll Like What You See! www.upstatecolorado.org

We recognize there are many great locations to grow/expand your business and appreciate your consideration of Weld County. Below and included in this packet, is a brief business overview of Weld County and summary of available assistance.

Weld County Overview

Spanning almost 4,000 square miles from the Wyoming state line on the north to the Denver suburbs on the south, Weld County (Greeley MSA) is a leader in numerous industry sectors including energy, manufacturing, agricultural/food processing, business services, etc. With a current population of about 275,000, that’s projected to reach 466,000 by 2030; Weld County offers an extremely attractive business location that’s logged job creation and investment numbers that are attracting national and international attention.

The 33,000+ oil/gas wells operated by Anadarko, Noble Energy and others in the DJ Basin of the Wattenberg field produced 113 million barrels of oil and 570 mcf of natural gas in 2015 – more than any other Colorado county – making a significant contribution to the local and state economy. Weld has also made strides in the renewable energy sector as the home of the North American headquarters of Vestas Blades, A/S of Denmark – the world’s wind energy leader; two 300+megawatt wind farms along with OEM’s and suppliers and four 13 megawatt solar farms.

An agricultural power house with 1.9 million acres producing $1.8 billion in market value; Weld consistently ranks as one of the top ten agriculture producing counties in the country – the only county outside California. This agricultural wealth has made Weld a leader in the food processing sector with the North American headquarters of protein producer JBS USA and Leprino Foods, one of the world’s largest cheese processors, among other producers.

Offering an experienced, growing administrative and customer service workforce, Weld is also home to numerous management and administrative support operations including the JBS North American Corporate HQ, Pilgrim’s Pride Corporate HQ, Animal Health International Corporate HQ, State Farm Regional Operating Center, Banner Health Corporate Center and TeleTech, Afni, Xerox, and StarTek customer support centers.

Weld County offers an excellent labor force, with wage rates that remain competitive within our region. The Weld annual average wage for all industries for the most current quarter (3Q 2015) was $44,876. According to the US Census Bureau, Weld (Greeley MSA) had the 6th fastest growing population in the County from 2014 to 2015 and for the second year in 2014, had the greatest percentage of job growth among the nation’s 339 largest counties.

Weld County is the only county in Colorado, and one of the few in the nation, that is debt free with no county-wide sales tax. Colorado’s retail sales tax is 2.9% and municipalities throughout the County charge sales tax ranging from 2%-4%. Colorado's corporate income tax rate is a flat 4.63%. Property in Colorado is subject to ad valorem (property) taxation by local governments/ districts. The state government does not levy a property tax. Property taxes fund local schools, special purpose districts and a portion of the city/county government costs. Industrial/commercial real and personal property is assessed for tax purposes at 29% of the actual value. The mill levy (varies depending upon location) represents the number of dollars or property taxes levied for each $1,000 of assessed value. For example, with a mill levy of 93.022 mills, a commercial/industrial property owner pays approximately $93.02 for every $1,000 in assessed value.

Weld also has excellent transportation infrastructure with I-25 and Highway 85 serving north/south demand and Highway 34 and I-76 providing east/west access. The 4-lane, 49 Parkway through central Weld is under construction and will add an additional north/south highway connector. The Union Pacific, Burlington Northern Santa Fe and Great Western Short Line, provide rail service. Denver International Airport is within easy commuting time of 20-30 minutes for Southern Weld and about an hour for the central Greeley area. The Greeley/Weld County Municipal Airport is one of the busiest general aviation airports in the state.

Supporting Job Opportunities in Greeley and Weld County Communities

Weld County Overview Page 2

Community amenities abound including housing costs and a cost of living that, in general, is lower than the Metro Denver and surrounding areas. North Colorado Medical Center, located in Greeley and part of the national Banner Health system, operates a 378 bed regional hospital that consistently ranks nationally as a “Top 100 Hospital”. The Monfort College of Business at the University of Northern Colorado is the only business college in the country to win the prestigious Malcolm Baldridge Award for performance excellence – graduates routinely place in the top 10% nation-wide. Rounding out Weld education opportunities is Aims Community College, which is one of the largest and most progressive two-year colleges in Colorado offering customized employer training and 160 degree/certificate programs.

Numerous local events make this area a great place to live and work including: The Greeley Stampede - the world’s largest 4th of July rodeo and western celebration, the Greeley Blues Jam, the UNC/Greeley Jazz Festival, etc., plus excellent access to incredible recreational, cultural and sporting opportunities via Denver and the Rocky Mountains, a short distance away. Additional quality-of-life information can be found at www.discoverWeld.com.

With numerous business/industrial parks in various stages of development; commercial/industrial sites and building opportunities abound and the local business climate is very conducive to quality economic growth. This letter, the attached Weld County Demographic Profile and supplemental information, along with our web site at (www.upstatecolorado.org) should answer most questions regarding the demographics of the region as well as give a general picture of the Weld County economy. Here in Weld County we are very pro-growth, prepared to handle company needs and will do what we reasonable can to reduce development/start-up costs. Incentives offered in our region include:

• Greeley/Weld Urban Enterprise Zone State Income Tax Credits (select areas) • Gap Financing through the Weld Larimer Revolving Loan Fund or the Greeley Community Development Fund • Workforce recruitment/training assistance through Weld Employment Services & Aims Community College • Local Municipal Economic Development Incentives (city/town specific) • Personal Property Tax Partial Rebate (case-by-case basis) • Colorado First Customized Training Grants (case-by-case basis) • Colorado Job Growth Incentive State Income Tax Credit

Summary information follows this letter for each of these programs along with information on financing, labor and training assistance, etc. You’ll also find a list of local professionals (contractors, engineers, accountants, etc.) experienced in the local development process. We welcome the opportunity to work with you in customizing a development/incentive package to meet your specific needs.

We would like to take this opportunity to offer you the full services of the Upstate Colorado Economic Development (Upstate) office. We can serve as a single confidential source of information about the Weld County and Northern Colorado region. We maintain information concerning communities, available buildings and sites, labor etc. Upstate can coordinate and facilitate meetings with community leadership within the business, education and government sectors and we can assist with local government processes, including coordination of state, county and local government economic incentive packages. We’re also prepared to obtain whatever additional information we can which would be of assistance to your specific project.

Please feel free to call with any questions. We look forward to working with you towards a Weld County location!

Warm Regards,

Cathy L. Schulte, CEcD Senior Vice President

Attachments

Supporting Job Opportunities in Greeley and Weld County Communities

April, 2016

WELD COUNTY ON THE M AP !

• Weld County (Greeley MSA) population growth ranks as the 6th fastest growing MSA in the nation from 2014 to 2015, up from 8th the previous year. (US Census Bureau, 3/2016) • North Colorado Medical Center in Greeley named one of the Top 50 Hospitals on America’s 100 Best Hospitals, which recognizes the top 100 hospitals in the nation for overall clinical excellence across a broad spectrum of conditions and procedures consistently for at least six consecutive years. (Healthgrades, 2/2016) • Aims Community College was ranked the Best Community College in Colorado and #116 out of 670 institutions, nationwide. (WalletHub 9/2015)

• Data released by the U.S. Bureau of Economic Analysis ranks Weld County (Greeley MSA) #4 in the nation for GDP Growth in 2014, growing an astounding 9.9% from previous year. (US Bureau of Economic Analysis, 2015)

• According to the Glassdoor’s Recession Recovery Index, Greeley ranks 4th in the nation for U.S. cities rebounding well from the recession. Key indicators considered: unemployment, the number of jobs, and wages. (Bloomberg, 2015) • For the second year in a row in 2014, Weld County saw the greatest percentage of job growth of any of the nation’s 339 largest counties. (US Bureau of Labor Statistics, 2015)

• Greeley/Weld County ranked #15 on the 2014 Best Performing U.S. Cities Index of the 200 largest metro areas based on job creation, sustainment and economic growth, dropping from #10 in the 2013 ranking. (Milken Institute Best Performing Cities Index, 1/2015)

• Weld County (Greeley MSA) ranked #1 in Job Growth nationally in 2013 by recording a 6% increase in employment from Dec 2102-Dec 2013. With an unemployment rate of 5.4%; wages went up 4.8%, ranking Weld #8 in the nation for weekly wage growth. (US Bureau of Labor Statistics, 2014)

• Job growth in Weld County (Greeley MSA) is expected to grow at 3.8% annual, ranking the area 4th in the nation for projected job growth and is ranked #20 in the “Best Places” listing. (Forbes Magazine, 2014) • The cost of living in Weld County is 9.5% below the national average. (Forbes Magazine, 2014)

• Weld County has over 3,500 farms producing over $1,500,000,000 of market value making it one of the top ten agricultural producing counties in the country and the richest one east of the Rocky Mountains. (US 2012 Ag Census)

• The University of Northern Colorado: th o Ranks 12th in nation for “Colleges with Psychology at their core” and 44 for Teacher Education o First public university in Colorado accredited in both Business and Accounting st th o Online graduate degree program in education rated 1 in Colorado and 8 nationwide (U.S. News & World Report) o Orchestra rated the #1 University orchestra in the country 7 out of the last 10 years o Sport Administration graduate program is one of only two US programs ranked in the top 5 worldwide

Compiled by:

Supporting Job Opportunities in Greeley and Weld County Communities

(970) 356-4565 ▪ www.upstatecolorado.org

1/2016

2015 ECONOMIC DEVELOPMENT HIGHLIGHTS WELD COUNTY, COLORADO

Crall Products, Windsor – this filtration equipment manufacturer announced in March a new 47,000 sf manufacturing facility on 8 acres in Windsor. The $6.3 million investment will add 60 new jobs.

CML RW Security, Erie – this company designs, manufacturers, and installs security systems for correction facilities and in January consolidated operations to a 13,000 sf existing building in Erie that will create 90 new jobs.

Agrium, Greeley – announced that a new 18,000 sf R&D facility will be constructed on 6 acres in Greeley. This pilot plant and lab will test fertilizer products. The $8 million investment will create 12 new jobs.

Martin Marietta Materials, Weld– in July announced a new $20 million asphalt plant and aggregate trans-load facility in western Weld County that will create 100 new jobs.

PDC Energy, Greeley – this oil/gas producer has outgrown their Evans Service Center and in October purchased and are rehabbing an existing 62,000 sf Greeley building to meet their future needs. Their $12 million investment will retain 160 jobs and create 55 new jobs over several years.

Peli Grande Resort/Conference Center, Windsor – this regional tourism project includes a five-star resort/conference center and restaurant slated to host a Professional Golf Association Tour Event. This $110 million investment is expected to draw 1.3 million new visitors to the area and create 325 new jobs.

Mountain States Lamb Coop, Greeley – this regional lamb cooperative purchased the existing JBS lamb processing facility, which was key to the future of Weld lamb producers. Their $22 million investment will retain 262 jobs and create 45 new jobs over several years. l

Merritt Aluminum Products, Fort Lupton –this aluminum truck accessory product manufacturer outgrew Henderson facilities and purchased an existing 94,000 sf building in Fort Lupton in December. Their $6.8 million investment will relocate 80 new jobs to Weld County.

Vestas Blades, Windsor – due to increased production demand, in March this wind turbine blade manufacturer announced a 102,000 sf building expansion. Their $28.5 million expansion will retain 838 jobs and create 369 new jobs.

A-1 Organics, Weld – this landscape materials company expanded their operation to supply feedstock to the Heartland Bio-digester. Their $2.3 million investment created 11 new jobs.

Additional Recent Noteworthy Projects Fueling the Weld Economy:

• McAda Fluids Heating Service, Fort Lupton – new regional oil/gas service facility announced 2014 – 20 new jobs • All American Pet Protein, Greeley – new pet food manufacturer/wholesale facility announced in 2014 – 70 new jobs • Schlumber/Shores Lift, Windsor – new oil/gas equipment manufacturing facility announced in 2014 – 30 new jobs • Vestas America, Windsor & Brighton – wind turbine blade/nacelle manufacturing expansion announced in 2014 – 500 new jobs • Cargill Steel Center, Windsor – new regional steel fabrication/warehouse center announced in 2013 – 13 new jobs • Plains All American Oil/Gas Trans-Load Depot, Weld – new rail trans-load facility announced 2013 – 50 new jobs • Animal Health International, Greeley – acquired/merged company brought to Greeley headquarters in 2013 – 50 new jobs • Noble Energy, Weld – new LNG facility and Greeley regional service center expansion announced in 2013 – 253 new jobs • Tolmar, Windsor – pharmaceutical products manufacturing facility announced 2012 – 200 new jobs • Dairy Farmers of America, Greeley – transportation terminal/office expansion announced 2012 – 45 new jobs • Aurora Organic, Platteville – milk processing facility expansion announced 2012 – 85 new jobs • Xerox Commercial Solutions, Greeley – health focused customer support call center announced in 2012 – 700 new jobs • Norfolk Iron & Metal, Greeley – steel service center expansion in 2012 – 30 new jobs

Compiled by:

Supporting Job Opportunities in Greeley and Weld County Communities (970) 356-4565 ▪ www.upstatecolorado.org

Weld County, Colorado

SUMMARY OF BUSINESS ASSISTANCE PROGRAMS

Weld County and its municipalities are actively pursuing opportunities that will strengthen and enhance the local economy. We are prepared to work closely with businesses to make a location/expansion a reality. A summary of potential local assistance is outlined below. For additional information on any of the programs listed please contact the Upstate Colorado Economic Development office at 970-356-4565.

WELD COUNTY BUSINESS ASSISTANCE PROGRAMS

Municipal Development Incentives Municipalities throughout Weld County may provide incentives based on an adopted incentive policy or on a case-by-case basis to qualifying companies. Qualifications and incentives will vary depending upon community, but could include partial waivers of development fees, sales/use tax, etc.

Personal Property Tax Rebate Incentive Through state enabling legislation counties and cities, on a case-by-case basis, can negotiate with qualifying companies a rebate of up to 100% (Weld government & municipalities will consider up to 50%) of the jurisdiction’s levy on new taxable personal property, for up to ten years. The property investment of at least $1 million must be used in connection with the operation of a qualifying new or expanded primary business facility that meets all state and local guidelines.

Weld Enterprise Zone (EZ) State Income Tax Credits Select Weld locations/communities have state EZ designation. Pre-certified companies that locate or expand within the physical boundaries of the EZ are eligible to earn a variety of state income tax credits based on their specific activities primarily in equipment investment, job creation/training, research and development activities, etc. which are summarized below. Earned credits are applied to the company’s Colorado income tax liability. Investment Tax Credits Equipment 3% of Eligible Purchases Commercial Vehicle 1.5% of Eligible Investments (must apply) Job Training Tax Credit 12% of Qualified Training Expenses New Business Facility Tax Credits Jobs Tax Credit $1,100 per Eligible New Job Created Ag Processing Jobs Credit $500 add’l per Eligible New Job Created Health Insurance Credit $1,000 add’l per Eligible New Job Created first two years R&D Increase Tax Credit 3% of Increased R&D Expenditures Vacant Building Rehabilitation Tax Credit 25% of Rehab Expenditures (hard costs) Manufacturing & Mining Sales/Use Tax Expanded S&U Tax Exemption in EZ Contributions to EZ Approved Projects 25% credit for Cash /12.5% credit for in-kind contribution

Weld County Technical Training Grant Training dollars may be available to support training in Manufacturing and Transportation careers through a federally funded Sector Partnership National Emergency grant. Employment Services of Weld County (ESWC) is administering this grant. The Weld Works labor force team can quickly determine potential eligibility for this and other federal assistance, help define and deliver training, approve programs and providers and fund training.

1/2016

Weld/Larimer Revolving Loan Fund (RLF) This loan fund is administered by Upstate Colorado Economic Development. The RLF and was developed to assist for- profit businesses locating/expanding in rural Weld or Larimer Counties by providing short-term (5-7 years) financing for up to 45% of project costs up to $500,000. The business must be creating/retaining jobs. Eligible fund uses include the purchase of borrower-occupied real estate, equipment, inventory, working capital and refinancing existing debt, in some cases. To leverage other lender involvement, the RLF can take a second or third collateral position and interest rates are negotiable based on the national prime rate. A personal guarantee is required and the borrower must provide at least 10% of the project costs.

Greeley Community Development Loan Fund (GCDF) Upstate Colorado Economic Development administers this loan fund to assist with the financial needs of for-profit businesses expanding/locating within the Greeley city limits. This short-term (5 year) fund is available to finance up to 45% of the company’s total need up to $125,000. The business must be creating/retaining jobs. Eligible fund uses include the purchase of borrower-occupied real estate, equipment, inventory, working capital and refinancing existing debt, in some cases. To leverage other lender involvement, the GCDF can take a second collateral position and interest rates are negotiable based on the national prime rate. A personal guarantee is required.

Weld County CEF Business Loan Fund The Colorado Enterprise Fund (CEF) is a non-profit lender specializing in loans up to $250,000 to support small business. CEF lends to start-up and existing businesses with rates/terms that vary and lending guidelines that can be more flexible than traditional banks. CEF administrators the Weld County Business Loan Fund which is only available to Weld based small businesses who meet CEF program underwriting criteria. Upon becoming a CEF borrower, an online community of expertise, knowledge sharing, resources, and referrals is available to help a business achieve peak performance. Advisory assistance includes: bookkeeping, cash flow management, profitability analysis, technology issues, etc.

Weld County Small Business Incentive Program (BIP) This Weld business assistance program is designed to provide financial assistance to help reduce upfront development costs (land use applications, building permits and some impact fees) for eligible small businesses locating or expanding in unincorporated, rural Weld County. The maximum award amount is $40,000 and based upon new/retained job creation. After consulting with the Small Business Development Center (SBDC), any business owner or tenant with 25 or fewer employees is eligible to complete the program application, which includes submittal of a business plan and forward to the Weld Planning Department for review.

Aims Community College Weld County is within the service territory of Aims Community College, who is dedicated to providing an educated and trained workforce for business and industry through its regularly scheduled certificate and degree programs and through the Continuing Education Division. Aims works closely with local employers to customize programs to meet their specific needs and has established training facilities dedicated to the needs of business and industry including a computer facility, electronic assembly lab and a welding facility. In addition, Aims provides local administrative support for the Colorado FIRST Customized Job Training program and is a key member of the Weld Works labor team. Aims also administer the national Work Keys Job Profiling/Skills Assessment testing program developed by ACT for employers. Through this program, Aims can profile a specific job at the work site and then develop a customized training program for that job. The Work Keys program can also be used for pre-testing potential employees in eight key areas: reading, writing, math, listening, teamwork, observation, applied technology, and locating information. Basic training programs in these areas are available at Aims to develop skills prior to hiring.

Employment Services of Weld County (ESWC) Employment Services of Weld County is funded by the Department of Labor and other federal programs and provides a broad menu of customized services to Weld employers, many at NO CHARGE. Services include: Job Posting, Employee Recruitment, Screening and Referrals, Job Fairs, etc. Through their Assessment and Learning Lab, which operates on a nominal fee basis, ESWC offers a flexible, self-paced learning alternative for employers’ interested in offering a variety of training including computerized instruction and GED preparation. In addition, the Assessment and Learning Lab has a variety of behavioral trait assessments for job candidates. The On-the-Job Training Program (OJT) provides employers an opportunity to offset labor costs during the training period by up to 50% while assisting job candidates acquire specific training. Additionally, ESWC is a key member of the Weld Works labor team. Federal tax credits may be available for hiring a variety of special category job applicants. ESWC can determine if applicants meet federal program guidelines and assist in program administration.

1/2016

STATE ASSISTANCE PROGRAMS – ELIGIBLE IN WELD COUNTY

Colorado FIRST/Existing Industry Customized Job Training Grant Program Training grant dollars are available from the state for qualifying new or expanding primary sector companies. Eligible companies may apply for grants which are given to assist with the cost of training new or retraining existing employees. The company must contribute at least 40% of the training costs and the program may then contribute up to $1,200/employee trained to a maximum of $150,000/company per year. Training awards are based upon actual training needs/costs. The state requires a confidential financial review and on-site visit of the company. Eligible grant uses can include instructor’s wages, curriculum development, training supplies, etc. The new/retained jobs must be permanent, full-time, pay above minimum wage levels for the industry and geographic area and the company must provide a health insurance plan. Aims Community College is the administrator of this program on behalf of Weld County companies.

Colorado Strategic Fund Grant Program The Strategic Fund Program (SF) offers a performance‐based incentive commitment to eligible businesses making a significant capital investment and creating new full‐time, permanent jobs paying at or above the average county wages and other specified requirements. The program is designed to support highly desirable and high‐impact job creation opportunities. The cash incentive award may range from $2,000‐$5,000 per net new full‐time job created based on the average wage rate, location and other factors up to a total award of $500,000. There must be a strong level of local matching commitments and the business must demonstrate project feasibility and financial capability. Business decisions clearly moving forward without this assistance will not be considered for funding if an announcement has been made prior to an introduction to the Economic Development Commission (EDC) who makes all award decisions. Businesses that receive approval will execute a contract with the state which will authorize disbursement of funds when specified contract terms have been met.

Colorado Job Growth Incentive State Income Tax Credit This program offers state income tax credits to primary sector businesses undertaking job creation projects where a Colorado location is competing with at least one other state and this state credit is a “major factor” in the business decision to locate or retain the project in Colorado. Qualifying businesses may be eligible to claim up to 50% of qualifying employee FICA costs for up to 96 consecutive months as a state income tax credit. To qualify, businesses must create at least 20 new FTE jobs during the 96 consecutive month credit period, with average yearly wages of at least 100% of the county average wage rate. The jobs must be maintained for at least one year. In addition, the local community must provide rationale outlining the project’s economic importance. The project is subject to state Economic Development Commission (EDC) approval. Business decisions clearly moving forward without assistance will not be considered for tax credits. Business already receiving an incentive from the EDC may not receive an incentive from this program for the same new FTE jobs.

Colorado Sales/Use Tax Exemption on Manufacturing Equipment Purchases of eligible machinery or machine tools and parts thereof, are exempt from state sales/use tax when the machinery will be used in manufacturing. Qualifying equipment must be used “directly and predominantly” to manufacture tangible personal property for sale or profit; must be capitalized; and be included on a purchase order or invoice totaling more than $500. If located within an Enterprise Zone the exemption is broader and includes materials for the construction/repair of manufacturing equipment, mining equipment and the equipment does not have to be capitalized to qualify. To claim this exemption complete the Sales Tax Exemption on Purchases of Machinery and Machine Tools (DR1191) form as directed.

Colorado Aviation Development Zone (ADZ) State Income Tax Credit The Greeley/Weld County Airport has been designated as an Aviation Development Zone. Therefore, qualifying aircraft or aircraft parts manufacturers locating or expanding at the Greeley/Weld County Airport are eligible to claim a $1,200 state income tax credit for each new full-time job created. This legislation is will sunset 1/1/2017.

1/2016

Advanced Industries (AI) Accelerator Grant Programs This program was created to promote growth & sustainability in advanced industries by helping drive innovation, accelerate commercialization, encourage public-private partnerships and increase access to early stage capital. Colorado’s advanced industries include: aerospace, advanced manufacturing, bioscience, electronics, energy and natural resources (including Cleantech), infrastructure engineering and technology and information. For qualifying companies/ projects, the state offers four types of grants ($15,000-$500,000) and two global business programs. Grants are available for Proof of Concept, Early-stage Capital & Retention, Infrastructure Funding and AI Exports.

Colorado Export Services The state Office of Economic Development and International Trade (OEDIT) international staff helps companies obtain the information, skills, resources and contacts they need to successfully export goods and services worldwide. Services include export development grants up to $4,500, trade show and foreign mission trip opportunities, export counseling, education, etc.

Private Activity Bond (PAB) Financing The Manufacturing Revenue Bond Program can provide favorable, tax-exempt Private Activity Bond financing to small manufacturers. The program can help finance real estate, machinery and equipment associated with new or expanding manufacturing facilities. Along with bond counsel, support of a local government jurisdiction, which Weld County will provide on a case-by-case basis, and State approval is required. Issuing tax-exempt bonds can be time consuming and costly. As a general guideline project size should be between $3 million and $10 million. The State has established application deadlines in January and August of each year.

Colorado Certified Capital Companies (CAPCO’s) Assistance This venture capital program’s primary purpose is to provide assistance in the formation of new businesses and the expansion of existing businesses to create jobs in Colorado. The state has approved six private Certified Capital Companies (CAPCOs) that make loans and provide equity to Colorado businesses. The CAPCOs’ minimum and maximum investments generally range from $100,000 ‐ $3.3 million. The CAPCOs are independently operated and make all funding decisions. State approval is limited to ensuring that businesses receiving funding meet minimum specified requirements through a compliance review.

The Venture Capital Authority (VCA) Assistance This state-wide Venture Capital Authority (VCA) is managed by High Country Venture, LLC and was established to provide seed and early‐stage capital to businesses. The minimum/maximum investment size generally range from $250,000 ‐ $3.375 million; however, High Country Venture, LLC has indicated a preference for investments ranging from $500,000 to $2 million. High Country Venture, LLC is independently operated and makes all funding decisions. State approval is limited to ensuring that businesses receiving funding meet minimum specified requirements through a compliance review.

Colorado Community Development Block Grant (CDBG) Infrastructure Assistance This infrastructure grant program is designed to help create new/retain existing permanent jobs by helping to provide required infrastructure to encourage new business development and expansion in non-entitlement, rural communities (all of Weld is eligible except Greeley). Grants may be provided for the construction and/or improvement of public infrastructure (water/sewer lines, roads, etc.) Assisted businesses must demonstrate project feasibility and financial capability of proposed plans that will result in creating/retaining jobs primarily for low-to moderate-income persons. At least one full-time equivalent job must be created/retained for every $20,000 of CDBG assistance. The minimum award is $100,000 and the maximum is approximately $500,000. Support of a local government jurisdiction and willingness to provide a partial match is required. This can be a lengthy (4-6 month), time-consuming process and should only be considered for projects that have adequate time to meet criteria. Funding decisions are made by the Governor’s Financial Review Committee. Upstate will provide grant application and implementation assistance to eligible communities and projects throughout Weld County.

Colorado Association for Manufacturing Technology (CAMT) CAMT is a statewide manufacturing assistance center dedicated to increasing the competitiveness of Colorado manufacturers. CAMT provides expertise in results-driven methodologies, best practices, and innovative technologies designed to increase profitability. Weld County manufactures are eligible for their services. As a public/private partnership, CAMT brings together government, not-for-profit and industry resources to offer the comprehensive programs and services manufacturers need.

1/2016

FEDERAL ASSISTANCE PROGRAMS – ELIGIBLE IN WELD COUNTY

SBA 7A Loan Guarantee Program The most flexible and commonly used SBA business financing program; the 7A loan program guarantees a portion (up to 90%) of the loan made and administered by commercial lending institutions, thereby reducing loan risks without tightening credit standards and reducing available credit. Use of funds include: working capital, business acquisitions, machinery/equipment purchase construction, debt refinance, etc. Loan maturity is up to 10 years for working capital and general up to 25 years for fixed assets. Eligible business must be for-profit, have a net worth less than $8.5 million and net profit less than $3 million and the owner/user must occupy 51% of an existing building or 60% if new construction.

SBA 504 Loan Guarantee Program Administered by a non-profit Certified Development Company (CDC), this program provides growing businesses with long-term, fixed-rate financing for major fixed assets, such as land and buildings, etc. CDC’s work with the SBA and private-sector lenders to provide financing to small businesses who are creating jobs. Typically, a 504 project includes a loan secured by a senior lien from a private-sector lender covering up to 50% of the project cost, a loan secured with a junior lien from the CDC (backed by a 100% SBA-guaranteed debenture) covering up to 40% of the cost, and a contribution of at least 10% equity from the small business being helped.

USDA Rural Development Business and Industry Guaranteed Loan Program In rural areas (50,000 population or less), this federal program will guarantee loans by eligible local lenders up to $10 million. The primary purpose of the program is to create/maintain employment and improve the economic and environmental climate in rural communities. This is achieved by expanding the existing private credit structure capability to make/service quality loans. The program typically guarantees losses of up to 80% of the original loan amount. Typically, loan guarantees are limited to a minimum of $500,000 and a maximum of $10 million per borrower. The program administrator may approve loans up to $25 million.

USDA Energy Efficiency Improvement Project Loan Guarantee/Grant Program Companies located in rural areas (50,000 population or less) who are making verifiable (energy audit or assessment) improvements to a facility, building or process that reduces energy consumption are eligible to apply for a USDA loan guarantee and/or grant assistance. The maximum grant award (nor more than 25% of eligible project costs) is $250,000. The maximum guaranteed loan award (no more than 75% of eligible project costs) is $25 million and the maximum combination grant/guaranteed loan (no more than 75% of total eligible project costs) is $25 million. Assistance is awarded on a competitive basis and additional requirements exist.

For additional information please contact:

970.356.4565 phone • 970.352.2436 fax • 822 Seventh Street, Suite 550, Greeley, CO 80631 www.upstatecolorado.org

1/2016 Upstate Colorado Economic Development 11/3/2015 WELD COUNTY DEVELOPMENT CONSULTANTS

Below is a list of private professionals in the area with experience working in Weld County and partners with Upstate Colorado Economic Development.

Company Contact Phone Web Site Accountants Anderson & Whitney, PC Alan Holmberg 970-352-7990 www.awhitney.com Kennedy & Coe, CPA's John Dollarhide 970-330-8860 www.kcoe.com Attorneys Otis, Bedingfield & Peters, LLC Jeff Bedingfield 970-663-7300 www.bedingfieldlaw.com Witwer, Oldenburg, Barry & Johnson Stow Witwer 970-352-3161 www.wobjlaw.com Banks/Financial First National Bank Mike Nichols 970-395-7628 www.1stnationalbank.com Bank of Colorado Paul Knapp 970-378-1800 www.bankofcolorado.com Weld/Larimer Revolving Loan Fund Ray Knapp 970-356-4565 www.upstatecolorado.org Colorado Lending Source Mike O'Donnell 303-657-1000 www.coloradolendingsource.org Northstar Bank Colorado Steve Smith 970-800-5054 www.northstarbankCO.com Contractors Broe Land Company Erik Halverson 303-393-0033 www.broe.com Hensel Phelps Construction Jerry Wenaas 970-352-6565 www.henselphelps.com Landmark Builders Russ Neggard 970-330-8855 http://landmark-builders.com/ Mark Young Construction David Guida 303-776-1449 www.markyoungconstruction.com Mishler Construction Jason Fast 303-532-2024 www.mishlerconstruction.com Roche Constructors, Inc. Tom Roche 970-356-3611 www.rocheconstructions.com Employee Staffing Elwood Staffing Tammy Fisher 970-381-358 www.elwoodstaffing.com Engineering Firms Tetra Tech Caryn Becker 720-931-9307 www.tetratech.com Drexel, Barrell & Co Loren Shanks 970-351-0645 www.drexelbarrell.com JeHN Engineering John Gibson 303-403-2409 www.jehnengineering.com KBN Engineers, LLC Mike Ketterline 970-395-9880 www.kbengineers.com Lamp Rynearson & Associates Kris Pickett 970-356-6362 www.LRA-Inc.com RMG Engineers Tom Cope 970-330-1070 www.rmg-engineers.com Insurance Flood & Peterson Insurance, Inc. Robert Murphy 970-356-0123 www.fpinsurance.com Real Estate Services AGPROfessionals Tom Haren 970-535-9318 www.agpros.com Chrisland Commercial Ryan J. Schaefer 970-663-3150 [email protected] Great Western Development Co. Erik Halverson 303-393-0033 www.broe.com Niobrara Energy Park Craig Harrison 970-612-4100 www.harrisonresource.com Realtec Commercial Real Estate Nick Berryman 970-346-9900 www.realtecgreeley.com 2015-2016 ECONOMIC & DEMOGRAPHIC PROFILE WELD COUNTY, COLORADO

SNAPSHOT 2014/2015 STATISTICS

Square Miles: 3,987 Communities: 31 Population: 274,487 Labor Force: 146,103 2014 Unemployment: 4.5% Median Age: 34 2015 Per Capita Income: $27,047 2015 Household Income: $58,059 HS+ Graduate: 86.3% Avg. Annual Wage: $46,400 Primary Industry Sectors: Manufacturing Agriculture Energy Production Health & Wellness Business Services GRP: $9.31 Billion Source: ESRI, EMSI, BLS. Most recent annual statistic published – 2013-2015

CLIMATE LOCATION/TRANSPORTATION

The area offers a dry, sunny climate with low humidity and all four season Highway Access – Climate Weld U.S. North/South Demand – I-25 and State Highway 85 Rainfall (inches) 13.3 36.5 East/West Demand – I-76, State Highway 34 & State Highway 14

Snowfall (inches) 30.9 25 Freight Rail Access – (see following map) Precipitation Days 67 100 Class 1 –Union Pacific (UP) & Burlington Northern Santa Fe (BNSF) Sunny Days 240 205 Short Line – The Great Western Railway of Colorado (GWR) Avg. July High 89.6 86.5 Air Access – Avg. Jan Low 13.5 20.5 Denver International Airport (DIA) - fifth business airport in the US Comfort Index 54 44 (30 minute commute from South Weld; hour from Central/West Weld) (higher = better) Greeley/Weld County Airport – General Aviation (www.gxy.net) UV Index 5.2 4.3 Erie Municipal Airport – General Aviation (www.eriecogov.com) Elevation (feet) 4,970 1,443 Fort Collins-Loveland Airport – General Aviation (www.fortloveair.com) Source: Sperling’s Best Places- 2014 Annual Avg.

Northern Colorado Major Rail Lines CULTURAL/RECREATIONAL AMENITIES

Weld County offers a rich and diverse selection of cultural and recreational opportunities including numerous golf courses, a multitude of parks, miles of paved bike/ pedestrian paths, the Pawnee National Grasslands and numerous annual events including: The Greeley Stampede Colorado Farm Show Greeley Blues Jam UNC/Greeley Jazz Festival Weld County Fair Windsor Harvest Festival Numerous Community Summer Celebrations

The 1,600 seat Greeley Union Colony Civic Center provides even more entertainment options along with UNC Bears Division I Athletics. A Weld location also offers easy access to multiple world class ski areas, camping, fishing, hunting, snow sports, hiking and all the Rocky Mountains have to offer. Weld County is Colorado after all!

For more information visit websites of our 31

communities and the following Weld County web sites www.discoverweld.com

www.upstatecolorado.org

DEMOGRAPHICS

With a median age of 34, Weld offers a young population that Educational % of Pop Population Estimates % Dist. grew by 49% from 2000–2014. Attainment: 2015 25+ by Race and Hispanic in The 2015 population is 274,487, of Total Population 25 + 170,566 Origin in 2015 County which 29% is Hispanic and 86.3% Less than 9th Grade 5.7% American Ind. or th th 1.1% are HS+ graduates. Per capita 9 -12 , No Diploma 8.0% Alaskan native Alone income is $27,047 and median HS Graduate/equivalent 21.2% Asian Alone 1.4% household income is $58,059. Some College/No Degree 24.5% Black Alone 1.2% Native Hawaiian and Associate Degree 9.0% Bachelor’s Degree 18.2% Other Pacific Island 0.1% Population Over Time Number Graduate, Professional/ Alone 8.7% 2015 274,487 Doctorate Degree White Alone 82.0% 2010 252,825 HS Graduate + 86.3% Some Other Race 11.0% 2000 180,936 Bachelor’s Degree + 26.9% Alone 2000 to 2010 % change 39.7% Two or More Race Components of change 2012-13 3.1% Households in 2015 Number Groups Net Migration 4,577 Total Households 97,293 Non-Hispanic or Latino 71.2% Natural (births –deaths) 2,434 Avg. Household Size 2.76 Hispanic or Latino 28.8% 2015 Housing Units Population Estimates 103,540 Number (Census Count) Median Income Number by Age in 2015 Median household Median Home Value $233,870 $58,059 Preschool (0 to 4) 20,861 income in 2015 School Age (5 to 17) 42,270 Per Capita Personal Median household College Age (18 to 24) 40,899 Number Income income in 2010 (adj. for $57,180 Young Adult (25 to 44) 74,112 inflation) PC Income – 2015 $27,047 Older Adult (45 to 64) 65,603 5-year percent change PC Income – 1.5% Older Adult (65+) 30,743 $25,968 (2010 to 2015) 2005 Source: Stats America, Census, BLS & BEA Median Age 34 10-year % change 4% SUB-REGIONS & COMMUNITIES

The sheer size and diversity of Weld County allows it to meet almost any type of site requirement from North suburban Denver I-25 needs in South Weld to the booming opportunities of the I-25 and Hwy 34 corridors in Central/West Weld, to the wide open spaces of farmland/prairie in East and North Weld.

EAST/NORTH WELD COUNTY Home to the Pawnee National Grasslands, this sub region is the most rural in the County with an estimated municipal population of less 1,000. However, it’s become one of the most important energy regions for both oil/gas development and wind farms. It’s also an important farming and livestock grazing area. East/west access through the region is provided by Hwy. 14 which intersects with Hwy. 85 and I-25.

SOUTH WELD COUNTY CENTRAL/WEST WELD COUNTY With a population estimated to reach 82,435 by 2020, the With a population estimated to reach 188,466 by 2020, this sub southern region of Weld has experienced some of the fastest region is the most populace of the County. With 62,236 growth recently. Offering an attractive small town/rural quality of households with an average median disposable income of life with abundant new homes, excellent schools and majestic $47,649, it’s the retail core and offers an attractive lifestyles mix mountain views; the region is strategically located just north of from mid-size cities to small rural communities nestled in metro Denver and east of Boulder, which has fueled booming amongst some of the most productive farm land in the country. residential growth. With 23,764 households who have an average The median household income average is $58,272 and the median disposable income of $55,028, the region is poised to median house value average is $205,872. This sub-region offers see continued growth. The median household income average is spectacular mountain views and quality of life with plenty of $68,011, the median home value average is $243,539 and the outdoor recreation, excellent schools and easy access to two sub-region offers a wide-rang e of educational opportunities, sport state universities. Developed commercial/ industrial sites abound venues and recreation. Commercial/ industrial sites are available and the region has seen numerous employers locate/expand and large tracts of undeveloped land provide opportunity for which has produced a vibrant/growing business sector. The future growth. East/west access is provided by Hwy. 52 which region has excellent east/west access via US Hwy.14 and Hwy connects to I-76 and I-25. North/south access is provided by I-25 34 which connect to I-25 and I-76. Hwy. 85 provides north/south and Hwy 85 which connects to I-70 in Denver and I-80 in access connecting to I-70 in Denver and I-80 in Wyoming. Main/ Wyoming. DIA is 20-30 minutes away. short line rail access is ample and DIA is about an hour away.

2015 Estimated Weld Sub Region & Municipal Demographic Summary Information Source: ESRI; Note: Sub-region values are totals or averages of all communities within the region. Multiple County Place (mcp) data included when city center is located in Weld to more accurately portray sub region. Local Median Median Median 2020 Est. 2015 Est. Sales Diversity Disposable House- Household Home Per Capita Population Population Tax Index Income holds Income Value Income Weld County 305,319 274,487 0.0% 60.3 48,220 97,293 58,059 233,870 27,047 North/East Sub Region 733 694 32.0 49,050 284 58,449 206,814 26,677 Grover (grovercolorado.org) 149 144 0.0 31.7 49,073 65 57,176 196,429 25,421 Nunn (nunncolorado.com) 479 449 2.0 32.5 50,928 180 61,360 230,263 29,187 Raymer ([email protected]) 105 101 0.0 31.7 47,149 39 56,811 193,750 25,424 Central/West Sub Region 188,466 174,363 53.6 47,649 62,236 58,272 205,872 26,377 Ault (townofault.org) 1,702 1,611 3.0 56.6 36,778 615 42,392 160,756 20,754 Eaton (eatoneco.org) 4,958 4,720 3.0 37.3 51,760 1,753 62,895 236,989 30,422 Evans (cityofevans.org) 20,916 19,851 3.5 71.8 38,470 6,681 46,216 173,608 19,731 Garden City (townofgardencity.com) 202 215 3.0 74.8 26,446 103 30,583 112,500 18,634 Gilcrest 1,217 1,125 4.0 68.5 41,503 355 50,275 218,182 19,794 Greeley (greeleygov.com) 102,919 97,965 4.11 67.5 37,150 35,523 43,877 205,031 22,942 Johnstown 15,427 13,098 3.0 42.8 59,438 4,453 77,183 272,180 31,313 Kersey (townofkersey.com) 1,649 1,525 3.6 52.7 51,667 521 60,933 188,934 26,034 La Salle (lasalletown.com) 2,112 2,019 3.5 63.0 43,010 727 50,395 173,492 23,499 Millliken (millikenco.gov) 6,219 5,880 2.5 61.6 54,319 1,957 67,331 196,227 27,882 Pierce (townofpierce.com) 934 889 2.0 47.2 45,673 334 54,880 154,762 25,199 Severance (townofseverance.org) 4,518 3,444 3.0 24.1 70,392 1,211 89,593 276,941 39,101 Windsor (mcp) (windsorgov.com) 25,693 22,021 3.2 28.6 62,827 8,003 80,983 306,730 37,591 South Sub Region 82,435 70,604 53.5 55,028 23,764 68,011 243,539 28,726 Berthoud (mcp) see note Brighton (mcp) see note Dacono (ci.dacono.co.us) 7,021 4,583 3.0 69.0 40,404 1,609 48,078 161,170 21,747 Erie (mcp) (erieco.gov) 23,174 20,509 3.5 35.1 80,759 7,129 102,085 384,378 44,582 Firestone (ci.firestone.co.us) 13,057 11,536 3.0 46.1 62,645 3,719 79,328 280,228 31,000 Fort Lupton (fortlupton.org) 7,424 7,406 4.0 74.7 39,684 2,415 50,276 175,915 18,487 Frederick (frederickco.gov) 12,936 10,935 2.5 42.7 61,967 3,693 77,429 280,842 33,445 Hudson (hudsoncolorado.org) 3,255 2,485 4.0 60.5 43,215 573 53,868 203,409 23,797 Keenesburg (townofkeenesburg.com) 1,390 1,244 3.0 35.9 50,546 490 60,464 224,390 25,056 Lochbuie (mcp) (lochbuie.org) 6,839 5,212 4.0 67.2 46,019 1,817 55,271 184,786 23,589 Longmont (mcp) see note Mead (mead-co.gov) 4,431 4,001 2.0 31.8 75,039 1,378 94,187 344,963 42,234 Northglenn (mcp) see note 4.0 Platteville (plattevillegove.org) 2,908 2,693 3.0 72.3 50,000 941 59,124 195,313 23,322 Thornton (mcp) see note

GROSS REGIONAL COST OF LIVING PRODUCT (GRP) The Cost of Living Indices (COLI) are based on a U.S. average of 100. An amount below 100 means it’s cheaper than the U.S. average and an amount above means it’s more expensive. EXPORTS & IMPORTS Below are Regional Cost of Living Indices:

2013 Total Weld GRP - $9.31 Billion U.S. Average 100 Adams County 103 Boulder County 131 Earnings - $5.63 Billion *Weld County 102 Denver County 115 Larimer County 112 Property Income - $3.1 Billion Taxes on Production –$611 Million Source: Sperling Best Places Exports - $14.6 Billion (80% of Supply NEMPLOYMENT ATE Imports - $15.6 Billion (81% of Demand) U R Locally Produced/Consumed – $3.69 2014 Labor Force Annual Averages Billion (19% of Demand) Source: US Bureau of Labor Statistics (BLS)

Note: GRP measures final market value of Weld Colorado goods/services produced. Source: EMSI Total Labor Force 146,103 2,817,334 Employed 139,519 2,675,947 Unemployed 6,584 141,387 Unemployment Rate 4.5% 5.0%

WELD LABOR FORCE

2013 2014 Growing/Declining Industries Total Employee Earnings Job Distribution & (Change in Jobs 2010-2015) by NAICS Average Wage by Source: StatsAmerica; US Bureau of Growing Industries Jobs Economic Analysis (BEA) NAICS Source: StatsAmerica, US Bureau of Support Activities - Oil/Gas +5,036 Labor Statistics (BLS) Specialized Freight/Trucking/Local +1,283 Avg % Dist. Earnings Telemarketing/Contact Centers +1,270 NAICS Place of Work Jobs Earnings/ Firms in ($000) Job County Declining Industries Jobs Total by Place of Work 6,160,501 129,760 $47,476 Crop Production -345 Wage and Salary 4,284,046 97,347 44,008 100.0% Offices of Physicians - Proprietors 936,870 32,413 28,904 Farm 282,298 6,174 45,724 (except Mental Health Specialists) -346 Nonfarm 5,878,203 123,586 47,564 Specialty Hospitals -579 Private 5,069,475 106,925 47,412 11 Agri, Forestry, Fishing, etc.* 48,066 3,681 36,753 218 3.8% 21 Mining 662,669 8,420 77,708 197 8.7% 22 Utilities 34,415 323 80,635 28 0.3% Growing/Declining Occupations 23 Construction 760,828 9,867 53,868 834 10.1% (Change in Jobs 2010-2015) 31-33 Manufacturing 665,578 11,768 45,593 304 12.1% 42 Wholesale Trade 311,723 3,967 62,780 442 4.1% Growing Occupations Jobs 44-45 Retail Trade 366,972 9,137 29,281 603 9.4% Heavy & Tractor-Trailer Drivers +2,259 48-49 Transportation & Warehousing 314,511 3,852 57,441 373 4.0% Service Unit Operators, Oil/Gas +1,569 51 Information 44,291 654 46,084 77 0.7% Customer Service Representatives +1,148 52 Finance and Insurance 254,163 3,040 58,202 332 3.1% 53 Real Estate/Rental and Leasing 64.873 1,213 45,602 241 1.2%

54 Professional,Technical Service 209,090 2,362 58,096 674 2.4% Declining Occupations Jobs 55 Mgmt of Companies/Enterprises 180,399 1,345 116,818 43 1.4% 56 Administrative, Waste Services 240,489 6,086 31,627 354 6.3% Editors -44 61 Educational Services 15,596 6,838 34,305 82 7.0% Claims Adjusters/Examiners/ 62 Health Care, Social Assistance 473,953 8,230 44,930 434 8.5% And Investigators -46 71 Arts, Entertainment, Recreation 23,572 914 17,383 73 0.9% Childcare Workers -66 72 Accommodation, Food Services 129,747 7,001 14,352 399 7.2% 81 Other Services, exc Public Adm. 268,540 2,089 31,823 401 2.1% N/A Public Admin, Gov Enterprises 808,728 4,830 48,540 72 5.0% Source: EMSI

2015 Estimated Employment by 20 Most Concentrated Occupations with Wage Information

Source: EMSI, QCEW Employees 02/2015; Note: Bold Occupations are the five fastest growing from 2010-2014 % All National Location Med Hr Avg Hr SOC Occupation Description 2015 Jobs Occupations Quotient Wage Wage 41-0000 Sales and Related Occupations 16,499 11.95% 0.91 $15.35 $13.92 43-0000 Office and Administrative Support Occupations 15,440 11.18% 0.86 $15.72 $15.10 47-0000 Construction and Extraction Occupations 14,709 10.65% 2.36 $19.30 $18.62 51-0000 Production Occupations 10,853 7.86% 1.44 $17.58 $17.12 53-0000 Transportation and Material Moving Occupations 10,533 7.63% 1.26 $18.38 $17.78 11-0000 Management Occupations 10,323 7.48% 1.05 $24.34 $22.66 35-0000 Food Preparation and Serving Related Occupations 8,520 6.17% 0.87 $9.91 $9.49 25-0000 Education, Training, and Library Occupations 7,367 5.34% 1.09 $20.40 $19.17 13-0000 Business and Financial Operations Occupations 7,170 5.19% 0.88 $26.67 $25.26 49-0000 Installation, Maintenance, and Repair Occupations 5,443 3.94% 1.12 $19.97 $19.57 39-0000 Personal Care and Service Occupations 5,133 3.72% 0.77 $10.35 $10.21 29-0000 Healthcare Practitioners and Technical Occupations 4,656 3.37% 0.70 $36.62 $35.57 37-0000 Building and Grounds Cleaning and Maintenance Occupations 4,422 3.20% 0.85 $11.37 $10.96 27-0000 Arts, design, Entertainment, Sports, and Media Occupations 3,120 2.26% 0.75 $14.15 $13.65 45-0000 Farming, Fishing, and Forestry 2,785 2.02% 3.09 $11.97 $11.12 31-0000 Healthcare Support Occupations 2,520 1.83% 0.70 $13.18 $12.70 33-0000 Protective Service Occupations 2,101 1.52% 0.80 $21.37 $20.86 17-0000 Architecture and Engineering Occupations 1,693 1.23% 0.81 $38.07 $36.38 15-0000 Computer and Mathematical Occupations 1,242 0.90% 0.37 $30.11 $29.35 21-0000 Community and Social Service Occupations 1,229 0.89% 0.75 $21.94 $21.01 Location Quotient quantifies how concentrated an occupation is compared to the nation. The higher the number the more concentrated - US = 1.0. LABOR SHEDS

Central/West Weld Labor Shed 5-10-15 mile ring from Hwy. 34 Business & Hwy. 34 Bypass

2015 Estimate 5 Miles 10 Miles 15 Miles Total Population 20,374 183,354 362,736 Population 18+ 14,527 135,864 272,778 Per Capita Income $36,349 $27,420 $30,215 Med Household $80,459 $55,715 $60,114 Income

2020 Estimate 5 Miles 10 Miles 15 Miles

Total Population 23,211 200,812 392,147 Population 18+ 16,782 148,802 296,852 Per Capita Income $41,465 $31,499 $34,378 Med Household $90,463 $66,499 $72,477 Income Source: ESRI

SOUTH WELD LABOR SHED 5-10-15 mile ring from I-25 & Hwy.52

2015 Estimate 5 Miles 10 Miles 15 Miles Total Population 22,714 173,015 586,877 Population 18+ 16,173 123,360 433,112 Per Capita Income $30,820 $34,367 $34,335 Med Household $70,440 $81,917 $76,303 Income

2020 Estimate 5 Miles 10 Miles 15 Miles Total Population 31,334 196,364 639,085 Population 18+ 22,403 141,186 474,842 Per Capita Income $35,417 $39,027 $38,558 Med Household $81,498 $90,950 $84,113 Income Source: ESRI

24,718 COMMUTING PATTERN 2013 2013 Top 5 In-Commuter Origins Top 5 Out-Commuter Destinations Larimer County 10,059 Larimer County 13,619 Adams County 5,016 Boulder County 12,205 Boulder County 4,131 Adams County 7,127 Denver County 1,199 Denver County 6,118 Jefferson County 822 Jefferson County 1,873 All Counties 24,718 All Counties 119,499

*Weld County has 72,230 who live and work within the county. 119,499

Source: Census, Most recent published statistics 2015. MAJOR EMPLOYERS Largest Private, Non-Retail Employers (September, 2015 - based on employment number) Rank Company Product/Service Location FTE 1 JBS USA & Affiliates Protein Processing, Corporate HQ, Trucking Greeley/Weld 4,523 2 Banner Health: North CO Medical Ctr Regional Hospital, Corporate Center, Clinics Greeley/Weld 3,069 3 Vestas Wind Turbine Blade/Nacelle Mfg. Windsor/Brighton 1,980 4 State Farm Insurance Regional Claims Center Greeley 1,720 5 Halliburton Energy Services Oil/Gas Development Services Fort Lupton 1,110 6 TeleTech Financial Services Support Center Greeley 700 7 Anadarko Petroleum Oil/Gas District Field Office/Warehouse Evans/Platteville 607 8 Noble Energy Oil/Gas District Field Office Greeley 540 9 A&W Water Services Oil/Gas Development Services Fort Lupton 500 10 Select Energy Services Oil/Gas Development Services Greeley/Brighton 500 Largest Public, Non-Retail Employers (September, 2015 - based on employment number) Rank Company Product/Service Location FTE 1 Greeley/Evans School District 6 Public School District Greeley/Evans 1,923 2 University of Northern Colorado Public Four-Year University Greeley 1,442 3 Weld County Government Greeley/Weld 1,405 4 City of Greeley Government Greeley 857 5 St. Vrain Valley RE-1J Public School District Weld County 552

Source: Upstate Colorado Economic Development – 10/2015

KEY INDUSTRY SECTORS (PRIMARY)

Manufacturing Sector The manufacturing sector is the largest sector in Weld and includes a wealth of companies producing a wide variety of products focused primarily in food manufacturing, wood products, chemical manufacturing, plastics/rubber products, fabricated metal products, machinery manufacturing, electrical equipment/ components, transportation equipment and miscellaneous manufacturing. Key manufacturers include: JBS, Vestas Blades & Nacelles, Carestream Health, Leprino Foods, Sparton Medical Systems, PTI Group, Advanced Forming Technologies, etc.

Energy Sector (Fossil & Renewable) Shale oil mining production in 2013 had an estimated valued at $3.9 million from the 20,000+ oil/gas wells throughout Weld – the highest producing County in the state. Located in the Denver-Julesburg (DJ) Basin, the Niobrara formation is part of the Wattenburg field and has a 40+ year proven track record. The Niobrara – 7,000 feet down, is the most productive so far due to new horizontal drilling technology coupled with multi-stage hydraulic fracturing – fracking. In addition, Weld is home to two 300+ mega-watt wind farms operating with 125+ turbines each on over 60,000 acres of land in Northern Weld.

Health and Wellness Sector The cornerstone of Weld’s growing health sector is the regional 378 bed North Colorado Medical Center (NCMC) located in Greeley. Part of the Banner System: NCMC was named “A top 100 Hospital” in the 2013 & 2014 National Truven Health Analytics report. Key NCMC services include: Heart and Cancer Care, Trauma and Emergency Care, Surgical Care and Women’s Health plus a full range of specialty services including a regional burn unit and hyperbaric medicine facility. Air Life of Greeley provides immediate emergency transport with a 300 mile radius. The University of Colorado Heath offers additional health options.

Business Services Sector (Company Management, Administrative/Back Office Support) Offering a central US location with easy access to Denver International Airport, a skilled labor force and exceptional quality of life, Weld is home to several large corporate/regional headquarters, business service centers and customer/administrative support operations. While the JBS North American Corporate HQ is the largest single employer in this sector other important players include State Farm Insurance Regional Operations Center, Animal Health Inter- national, Banner Health Corporate Center, Hensel Phelps Corporate HQ, Xerox, TeleTech, StarTek, Afni, etc..

Agriculture Sector Weld is an agriculture empire with 1.9 million acres devoted to farming and raising livestock. With total market value of ag products sold at $1.86 billion; Weld ranked 1st in Colorado and 9th in the nation in the most recent 2012 US Census of Agriculture. Weld continues to be the only county outside of California to consistently rank in the top ten. The bulk - $1.4 billion of market value came from livestock sales. Weld is home to two of the largest cattle feeding operations in the nation and ranks 1st in sheep/lamb production. About half of the dairy cows in the state are also located in Weld. Cattle ranching, goat, hog, poultry and equine operations abound and key crops include: hay, wheat, corn, nursery stock, sunflowers, dry beans, onions and carrots. The impact of agriculture extends from the traditional farm production of commodities to large agribusiness/food manufacturing operations processing value-added consumer goods exported all over the world.

Source: BEA, EMSI; GRP measures final market value of all goods and services produced in a region or sector and is the sum of earnings, property income and taxes on production. It does not include actual production value.

K-12 EDUCATION

Weld County is served by 13 public school districts with total 2014-15 Weld Public School District student enrollment of 50,514, which includes numerous charter schools. There are also ten private school education opportunities 2014-15 throughout Weld County. Enrollment Weld K-12 Public Education Statistics Most Recent Available School Year – Average of 13 Weld Districts Gilcrest/Platteville RE-1 1,990 St. Vrain Valley RE-1J 9,546 Weld Stats CO Stats (Dacono, Erie, Mead, Firestone, Frederick Estimates) Weld Enrollment 2014-15 50,514 889,006 Eaton RE-2 1,904 Number of Schools 2014-15 93 1,823 Keenesburg RE-3J 2,386 Classroom Teacher FTE 2014-15 2,810 50,805 Windsor RE-4 5,102 Pupil/Teacher Ratio 2014-15 18.5 / 1 18.5 / 1 Johnstown/Milliken RE-5J 3,732 Dropout Rate (High 2013-14 Greeley/Evans RE-6 21,183 1.3% 2.44% School) Platte Valley (Kersey) RE-7 1,129 Fort Lupton RE-8 2,333 Completer Rate 2013-14 90.70% 79.52% Ault-Highland RE-9 761 Graduation Rate 2013-14 88.50% 77.30% Briggsdale RE-10 177 ACT Composite Score 2014 18.26 20.31 Prairie RE-11 190 Source: Colo Dept. of Education. Note: Incudes Weld schools in RE1J District. Pawnee RE-12 81

Source: Colorado Department of Education HIGHER EDUCATION

University of Northern Colorado (UNC) Public Higher Education Facilities in Fall 2014 Enrollment - 12,050 Northern Colorado and Metro Denver UNC offers a comprehensive baccalaureate and Fall 2014 Four Year Public Colleges/Universities specialized graduate research Liberal Arts education Enrollment through their six colleges: Education & Behavioral Colorado School of Mines – Golden 5,673 Science; Humanities & Social Science; Natural & Health Science; Performing & Visual Arts; Monfort College of Colorado State University – Fort Collins 31,725 Business and University College. In 2013, The College Metropolitan State University - Denver 21,179 Database ranked UNC 12th in the nation on its list of “39 University of Colorado - Boulder 30,265 Colleges with Psychology at Their Core” and ranked University of Colorado - Denver 18,270 th UNC 44 in the nation in “Top US Colleges and University of Northern Colorado - Greeley 12,050 Universities for teaching Education. The Monfort College Two-Year Public Colleges of Business graduating students routinely test in the top Aims Community College – Greeley, Ft. 10% in the country and the School of Music Jazz and 5,001 Symphony Orchestra have received numerous national Lupton, Loveland “Best in Class” awards. Top 5 Undergraduate Degrees Arapahoe Community College – Littleton 9,301 Awarded: Interdisciplinary Studies (includes Elementary Community College of Aurora 7,826 Ed); Business Administration; Dietetics; Psychology and Community College of Denver 10,296 English Language. Top 5 Graduate Degrees Awarded: Front Range Community College – Fort Collins 4,850 Special Education; Music; Reading; Educational Red Rocks Community College – Lakewood 9,028 Leadership and Nursing. For more info see Source: Individual Schools www.unco.edu.

2014 Weld/Larimer Aims Community College Top Education Program Completions Fall 2014 Enrollment – 5,001 Program Number With two Weld campus locations, Aims offers 160+ Health Professions & related programs 2,458 degree and certificate programs. Each academic Business, Management, Marketing & Related 1,712 division of the college represents the integration of Liberal Arts and Sciences 1,422 academics (liberal arts & science) and career and Social Sciences 755 technical education (vocational/occupations training). Biological & Biomedical Science 717 Two-Year Degrees Awarded - Associate of Arts, Education 714 Associate of Science, Associate of General Studies, Parks, Recreation, Leisure, and Fitness Studies 653 Associate of Applied Science plus numerous Career and Communication, Journalism & Related Programs 536 Technical Education Certificates. For more info see Psychology 524 www.aims.edu. Engineering 499 Source: EMSI UTILITY PROVIDERS

Major Electricity Providers Service Area Rate Info Xcel Energy Central/West Weld www.xcelenergy.com Poudre Valley REA Central/West & North/East Weld www.poudrevalleyrea.com United Power, Inc. South Weld www.unitedpower.com Major Gas Providers Atmos Energy Central/West Weld www.atmosenergy.com Xcel Energy Central/West Weld www.xcelenergy.com Source Gas South Weld www.sourcegas.com Water/Sewer Providers Water is available for purchase from municipalities throughout the county who typically provide water treatment/delivery services within municipal boundaries. In addition, there are several water districts that partner with communities and/or can provide raw water. Water rates will vary depending upon location and provider. Sewer services are also provided by municipalities in the most developed areas. Saint Vrain Sanitation District provides services in much of Southwest Weld. Septic and/or packaged systems can also be viable in the most rural circumstances and locations. Rates will vary depending upon location and provider.

COMMERCIAL/INDUSTRIAL REAL ESTATE

Commercial/industrial real estate opportunities can be Key Weld Industrial/Commercial Business Parks found throughout Weld County to meet virtually any business need from an existing building to developed Name Acres Location sites for construction, including available lots in the Bellmore Farms Industrial Park 47 Nunn Bear Industrial Park 18 Frederick industrial business parks listed to the right. Berthoud Tech Center 163 Berthoud City Center West 100 Greeley Real estate prices will vary widely depending upon the Cole Creek Center 19 Erie level of development and location within the County. Concepts Industrial Park 121 Longmont Dacono Gateway Center 130 Dacono 1/2015-9/2015 Weld Eagle Business Park 133 Frederick Commercial/Industrial Sales Trend Information Erie Parkway 120 Erie # Total $ Avg Sold Avg Avg Cap Omaha Track Industrial Park 50 Eaton Sales Volume Size $/SF Falcon Point Business Park 32 Windsor Office 24 $15 M 9,531 sf $65.06 5.5% Great Western Industrial Park 500 Windsor Industrial 36 25 M 67,903 sf 10.21 10.53% Highland Industrial Park 147 Ault Retail 48 79 M 13,651 sf 118.66 6.1% Highpoint Business Center 136 Greeley Land – I-25 Business Park 77 Weld (Mead) 30 35 M 34.08 a 0.82 Indus/Mixed I-25 Gateway Center 146 Johnstown Land – Industrial/Motor Sports Park 700 Lochbuie 5 5 M 7.05 a 3.11 Office/Retail Ironwood Business Park 20 Greeley Source: Xceligent/Northern Colo Commercial Area Realtors – Weld Sales Lost Creek Commons 74 Keenesburg Lyons 66 Commerce Park 48 Mead Meadowlark Business Park 37 Frederick 1/2015- 9/2015 Weld Niobrara Energy Park 662 Weld (North) Commercial/Industrial Lease Rates North Land Industrial Park 432 Fort Lupton Platteville Energy Park 45 Platteville # of NNN Asking Asking Asking Leases Low/sf High/sf Avg /sf NNN Promontory Business Park 200 Greeley Executed NNN NNN Ritchie Bros Park 82 Mead Silver Peaks Business Park 148 Dacono Office 31 6.00 14.75 10.56 Stonegate Industrial Park 25 Evans Industrial 33 4.09 18.50 10.20 The Grainery Park 156 Greeley Retail 38 3.47 22.00 10.90 Windsor Commons 12 Windsor Source: Xceligent/Northern Colo Commercial Area Realtors – Weld Leases Union Colony Industrial Park 112 Greeley Weld County Industrial Park 100 Weld (Peckhaml) TAXES

Sales & Use Tax Weld County DOES NOT asses a county-wide sales/use Residential Property Tax tax. Communities through the county charge sales/use Residential property is assessed at 7.96% of the actual tax rates ranging from 2%-4% (see Weld Sub Region value and is exempt from personal property taxation. section for community list). Colorado has a 2.9% sales/use tax rate. State Income Tax – Corporate & Personal The corporate and personal Colorado income tax rate is Real & Personal Property Tax a flat rate of 4.63% of federal taxable income. Local Industrial/commercial property (building, land and governments DO NOT assess income taxes. equipment) is assessed for property tax purposes at Inventories, Goods in Transit and Intangibles are not 29% of actual value (based on a variety of factors). The taxed in Colorado and there is no Franchise Tax. mill levy assigned to each property location includes the taxing jurisdictions serving that location and represents Colorado has established Enterprise Zones (EZ) that the number of dollars, or property taxes, levied for each offer state income tax credits. Companies that locate or $1,000 of assessed value. For example; with a mill levy expand within the physical boundaries of an EZ are of 75.7333 mills the owner pays $75.73 in taxes for eligible to earn a variety of state income tax credits every $1,000 in assessed value. Weld has over 3,000 based on their specific activities primarily in equipment unique tax areas with mill levies ranging from about 54 investment, job creation/training, research and mills to 148 mills. The 2013 Weld County average total development activities, etc. Earned credits are applied to mill levy rate was 67.800 mills. Property taxes fund local the company’s Colorado income tax liability. Select Weld schools, special propose districts and a portion of locations/communities have EZ designation. Go to city/county government. www.upstatecolorado.org for program details. Source: Weld County Government, Colorado Division of Property Taxation, Colorado Department of Revenue

BUSINESS ASSISTANCE

Weld County and its communities are pro-growth, prepared to handle company needs and will do what can reasonably be done to reduce the development/start-up costs of qualifying primary sector companies looking to locate/expand.

Key Assistance/Incentives Include: • Municipal Development Incentives • Personal Property Tax Partial Rebate • Weld Employment Service recruitment/training assistance and training grants • Financing through the Weld/Larimer Revolving Loan Fund or Greeley Development Fund • Greeley/Weld EZ State Income Tax Credits • Colorado First Customized Training Grants • Colorado Job Growth Incentive State Income Tax Credit OR Colorado Strategic Fund Grant

For more detailed assistance information contact Upstate Colorado Economic Development, a private, non-profit economic development agency, that serves as a single confidential source of information about the Weld region. Upstate maintains information concerning communities, real estate, labor, etc., and can coordinate/facilitate customized local, county and state government economic incentive packages.

970.356.4565 phone • 970.352.2436 fax • 822 Seventh Street, Suite 550, Greeley, CO 80631 www.upstatecolorado.org

Weld County Colorado

2012 2007 % change

Number of Farms 3,525 3,921 - 10

Land in Farms 1,956,491 acres 2,088,715 acres - 6

Average Size of Farm 555 acres 533 acres + 4

Market Value of Products Sold $1,860,718,000 $1,539,072,000 + 21 Crop Sales $374,054,000 (20 percent) Livestock Sales $1,486,665,000 (80 percent)

Average Per Farm $527,863 $392,520 + 34

Government Payments $15,649,000 $15,403,000 + 2

Average Per Farm Receiving Payments $11,170 $9,963 + 12

Farms by Size, 2012 Land in Farms, 2012 by Land Use 1100 1000 Pastureland 900 53.2% 800 700 600

Farms 500 400 Other uses 300 3.4% 200 100 0 1-9 10-49 50-179 180-499 500-999 1,000+ Cropland 43.5% Acres

Weld County – Colorado

Ranked items among the 63 state counties and 3,079 U.S. counties, 2012 Item Quantity State Rank Universe 1 U.S. Rank Universe 1 MARKET VALUE OF AGRICULTURAL PRODUCTS SOLD ($1,000)

Total value of agricultural products sold 1,860,718 1 63 9 3,077 Value of crops including nursery and greenhouse 374,054 1 63 52 3,072 Value of livestock, poultry, and their products 1,486,665 1 63 3 3,076

VALUE OF SALES BY COMMODITY GROUP ($1,000)

Grains, oilseeds, dry beans, and dry peas 174,719 2 48 194 2,926 Tobacco - - - - 436 Cotton and cottonseed - - - - 635 Vegetables, melons, potatoes, and sweet potatoes 44,235 4 47 68 2,802 Fruits, tree nuts, and berries (D) 8 37 (D) 2,724 Nursery, greenhouse, floriculture, and sod 100,314 1 51 23 2,678 Cut Christmas trees and short rotation woody crops (D) 2 20 (D) 1,530 Other crops and hay 54,628 1 62 46 3,049 Poultry and eggs 63,157 1 58 205 3,013 Cattle and calves 1,042,930 1 62 3 3,056 Milk from cows 312,942 1 26 14 2,038 Hogs and pigs (D) 11 53 (D) 2,827 Sheep, goats, wool, mohair, and milk 57,279 1 58 1 2,988 Horses, ponies, mules, burros, and donkeys 3,715 1 62 32 3,011 Aquaculture (D) 13 25 (D) 1,366 Other animals and other animal products 5,549 1 56 29 2,924

TOP CROP ITEMS (acres)

Wheat for grain, all 122,625 8 46 111 2,537 Winter wheat for grain 121,698 8 45 64 2,480 Forage-land used for all hay and haylage, grass silage, and greenchop 109,518 1 62 21 3,057 Corn for grain 92,621 4 33 331 2,638 Corn for silage 56,593 1 36 6 2,237

TOP LIVESTOCK INVENTORY ITEMS (number)

Layers 3,275,817 1 59 20 3,040 Cattle and calves 501,446 1 63 3 3,063 Pullets for laying flock replacement (D) 1 51 (D) 2,637 Sheep and lambs 204,694 1 59 1 2,897 Horses and ponies 9,743 1 63 15 3,072

Other County Highlights, 2012

Economic Characteristics Quantity Operator Characteristics Quantity Farms by value of sales: Principal operators by primary occupation: Less than $1,000 1,212 Farming 1,754 $1,000 to $2,499 244 Other 1,771 $2,500 to $4,999 262 $5,000 to $9,999 300 Principal operators by sex: $10,000 to $19,999 249 Male 2,905 $20,000 to $24,999 78 Female 620 $25,000 to $39,999 167 $40,000 to $49,999 71 Average age of principal operator (years) 58.6 $50,000 to $99,999 229 $100,000 to $249,999 278 All operators by race 2: $250,000 to $499,999 162 American Indian or Alaska Native 32 $500,000 or more 273 Asian 78 Black or African American 6 Total farm production expenses ($1,000) 1,548,729 Native Hawaiian or Other Pacific Islander 18 Average per farm ($) 439,356 White 5,543 More than one race 17 Net cash farm income of operation ($1,000) 357,005 Average per farm ($) 101,278 All operators of Spanish, Hispanic, or Latino Origin 2 205

See “Census of Agriculture, Volume 1, Geographic Area Series” for complete footnotes, explanations, definitions, and methodology. - Represents zero. (D) Withheld to avoid disclosing data for individual operations. 1 Universe is number of counties in state or U.S. with item. 2 Data were collected for a maximum of three operators per farm.

REGIONAL PROFILE

Introduction Snapshot

Nor thern Colorado is a region of innovation, Square Miles: 6,646 education and opportunity that encompasses Population: 599,942 Larimer and Weld Counties. The region is located Median Age: 35.3 directly north of Metro Denver, with the Rocky Labor Force: 323,367 Mountains to the west and Wyoming to the north. Unemployment: 4.4% With affordable housing costs, low taxes, and a Per Capita Income: $41,314 favorable business climate, the area is one of the HS+ Graduate: 82.9% fastest growing regions in the country. GRP: $21.5 Billion Primary Industry Sectors: The well-educated workforce and diverse Manufacturing employment base make Northern Colorado a prime Agriculture area for business and industry growth. Northern Energy Production Colorado’s top industry clusters include agriculture, Health & Wellness bio/life sciences, business services, energy and Business Services manufacturing. Northern Colorado is also rich with Sources: Colorado Division of Local Government, State cultural opportunities and outdoor recreation. Demography Office, U.S. Census Bureau, Colorado Department Of Labor and Employment, Colorado Department of Education

REGIONAL Larimer/Weld County, Colorado

July 2015 Demographics Employment POPULATION MAJOR EMPLOYERS

Population and Households by County Ten Largest Employers in Northern Colorado and Largest Cities Local Population Households Company Industry Employees Larimer University of Colorado Health Healthcare 5,740 County 323,863 138,463 Fort Collins 154,570 62,832 JBS Swift & Company Beef Processing/Corporate 4,200 Loveland 72,983 30,150 Office Estes Park 6,197 4,201 Banner Health: North Colorado Healthcare 3,450 Windsor Medical Center (MCP) 5,604 1,967 Vestas Wind Turbine 1,980 Weld County 276,079 100,640 Manufacturing Greeley 98,666 36,980 State Farm Insurance Insurance 1,720 Evans 19,495 6,776 Companies Windsor Hewlett Packard Technology Product 1,490 (MCP) 16,128 6,054 Design Northern Banner Health: McKee Medical Healthcare 1,340 Colorado 599,942 239,103 Center Note: MCP indicates multi-county place. Figures reported are the portion of Avago Technologies Semiconductor 1,300 total population and households located in the given county. Components Source: Colorado Division of Local Government, State Demography Office. Woodward Speed Controls 1,230 Hallliburton Energy Services, Inc. Oil & Gas Development 1,110 ACE THNICITY ENDER GE ISTRIBUTION R /E & G /A D Source: Development Research Partners, May 2015.

Race and Ethnicity Distribution LABOR FORCE Race/Ethnicity Percentage Labor Force Data Hispanic or Latino (of any race) 19.3% Employment #’s

Not Hispanic or Latino 80.7% Labor Force 323,367 Gender and Age Distribution Employed 309,205 Unemployment Gender/Age Percentage/Age Rate 4.4% Male 49.8% Source: Colorado Department of Labor Female 50.2% and Employment, Labor Market Top 5 Industries by Median Age 35.3 Information. Employment

Health & Wellness

Advanced Manufacturing

Food & Agriculture

Energy & Natural Resources

Financial Services

Sources: Race and Ethnicity- U.S. Census Bureau, Population Estimate Program. Gender and Age- Colorado Division of Local Government, State Demography Office

REGIONALLarimer/Weld County, Colorado

July 2015 Education H IGHER EDUCATION

Higher Education Facilities in Northern Shares of Population Age 25 and Over Colorado by Educational Attainment Percent Four Year Public Fall 2015 Northern Colorado of Total Colleges/Universities Enrollment Percent with high school diploma or higher 92.5

Colorado State University 32,236 Percent with bachelor's degree or higher 35.0 University of Northern Colorado 12,216 Colorado

Percent with high school diploma or higher 90.5

Two-Year Public Colleges Percent with bachelor's degree or higher 38.3 Aims Community College 5,001 U.S. Average Front Range Community College 8,061 Percent with high school diploma or higher 86.9 Percent with bachelor's degree or higher 30.1

Source: Individual Schools Source: U.S. Census Bureau, American Community Survey.

K-12 EDUCATION STATISTICS

K-12 Education Statistics

(Most Recent Available School Year) School Year

Enrollment 2014-2015 88,533

Number of Schools 2014-2015 170

Pupil/Teacher Ratio 2014-2015 17.7 1 Includes alternative schools. Due to a change in Colorado law, dropout figures from 2005 and beyond Dropout Rate (grades 7-12)1 2014-2015 1.9% could include students who have left to attend school at home, outside of the state or country, or at a private institution. These students are only included in the dropout count when specific documentation 2 Completer Rate 2014-2015 79.7% of the school change is not provided. 2 Completers are students who graduate, receive certificates or other designations of high school 3 Graduation Rate 2014-2015 81.7% completion or attendance, or receive a G.E.D. from programs administered by the district. 3 Graduation rates are calculated based on high school graduates only. ACT Score 2014-2015 20.2

Source: Colorado Department of Education Income by Industry Income Avg. Ann. Avg. Ann. Industry Industry Wage Wage ERSONAL NCOME P I Total All Industries $ 43,332 Real Estate, Rental & Leasing $ 38,952 Agriculture, Forestry, Professional & Technical Per Capita Personal Income Fishing, Hunting $ 33,677 Services $ 68,507 Location Income Management of Companies & Northern Colorado $41,314 Mining $ 75,857 Enterprises $ 113,796 Colorado $48,869 Utilities $ 75,492 Administrative & Waste Services $ 30,786 United States $46,049 Construction $ 49,890 Educational Services $ 26,153 Source: U.S. Bureau of Economic Analysis. Manufacturing $ 59,228 Health Care & Social Assistance $ 42,858 Wholesale Trade $ 60,548 Arts, Entertainment, & Recreation $ 18,124 Retail Trade $ 26,159 Accommodation & Food Services $ 15,383 Transportation & Warehousing $ 45,832 Other Services $ 30,393 Information $ 49,010 Government $ 45,342 Finance & Insurance $ 59,711 Non-Classifiable $ 71,437 Source: U.S. Bureau of Labor Statistics

REGIONALLarimer/Weld County, Colorado

July 2015 Transportation/Location

Northern Colorado is ideally located to access major air, motor, and rail arterials. Denver International Airport is less than one hour away, and the Fort Collins/Loveland Municipal Airport is between the two employment centers of Fort Collins and Loveland. Motor connections can be easily made via I-25 (north-south arterial). A connection to I-80 is 45 miles to the north, while I-70 can be reached just 60 miles to the south. Hwy. 287 connects several Northern Colorado communities and allows for easy access to Denver. Hwy. 34 provides access from Estes Park through Loveland and Greeley.

Denver International Airport (DIA) Transportation Regional Transit Resources Denver International Airport (DIA) is the fifth-busiest airport in City of Loveland the United States and has served well more than 780 million Transit (COLT) http://www.ci.loveland.co.us/publicworks passengers since it opened in February 1995. Greeley-Evans

Transit (GET) www.greeleygov.com/theBus www.flydenver.com Transfort (City of Size (square miles) 53 Fort Collins) www.ci.fort-collins.co.us/transfort/ Runways 6 Rail Transportation Gates (includes gates in regional jet facilities) 151 Burlington Northern Santa Fe Railway - Freight Service Commercial Carriers 15 Union Pacific Railroad - Freight Service 2013 Passenger Traffic (millions) 53.5 Amtrak - Passenger Service General Aviation Airports 2012-2013 Passenger Traffic Growth 1.7% Fort Collins/Loveland Municipal Airport- www.fortloveair.com Nonstop Destinations (Domestic & Int'l) 180 Greeley/Weld County Airport- www.gxy.net

REGIONALLarimer/Weld County, Colorado

July 2015 Taxes

Tax Structure Tax Structure Local & State Sales Tax Rates Real & Business Personal Property Taxes Assessment Ratios Municipal Rate Range 2.0% - 5.0% Commercial Property 29% Larimer County 0.65% Residential Property* 7.96% Weld County No Sales Tax Average Mill Levy, 2014 Colorado 2.9% Northern Colorado 70.621 Note: Sales and use tax rates are current as of July 1, 2014. Note: The mill levy is the dollars of tax per $1,000 of assessed valuation. Additional local or special levies may apply. Source: Colorado Department of Revenue. Source: Colorado Division of Property Taxation.

Tax Structure Colorado Income Tax Corporate Income Tax 4.63% Personal Income Tax 4.63% Note: Income tax rate is applied to adjusted federal gross income. Source: Colorado Department of Revenue.

Housing Northern Colorado offers a wide variety of housing Single Family Residence Median Sales Price options in many different Weld County (Jan-Jun 2015) sized towns and cities. From Median Sales Price $260,000 loft living to large acreages, new homes to charming Total Closed Transactions 2,884 Larimer County (Jan-Jun 2015) bungalows, small hobby farms to condominiums and Median Sales Price $320,000 maintenance free Total Closed Transactions 2,684 living…Northern Colorado has Source: Real Estate Information Services (IRES-MLS). all of this and more! Commercial Real Estate Northern Colorado Commercial Real Estate Market Conditions, 3Q2015

Overall Existing Vacant Vacancy Avg. Lease Space1 Space1 Rate Rate2 Office 15.3 0.7 4.4% $18.64 Industrial 35.7 0.7 2.0% $8.30 Flex 8.4 1.4 17.0% $9.52 Retail 29.3 1.3 4.6% $12.85 1Building space is listed in millions of square feet. Vacant space, vacancy rate, and average lease rate are for all direct and sublet space. 2Office lease rates are per square foot; all others are per square foot, triple-net (NNN). Source: CoStar Realty Group.

REGIONALLarimer/Weld County, Colorado

July 2015 Cultural Institutions

Major Cultural Institutions in Northern Colorado, 2015 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.

Economic Development Partners

FOR MORE DETAILED BUSINESS ASSISTANCE, CUSTOMIZED REPORTS, SITE SELECTION INFORMATION, AND MORE, CONTACT:

UPSTATE COLORADO ECONOMIC DEVELOPMENT 822 SEVENTH STREET, SUITE 550 GREELEY, CO 80631 970-356-4565 WWW.UPSTATECOLORADO.ORG

LARIMER COUNTY ECONOMIC DEVELOPMENT 200 W. OAK STREET FORT COLLINS, CO 80521 970-498-6600 HTTP://WWW.LARIMER.ORG/