Longmont Ponders Butterball Site
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1A1A 1A EXECSTYLE BOULDER COUNTY Arts commission fosters partnerships with businesses BUSINESS 17A Serving Boulder and Broomfield Counties REPORT$1 Volume 31 Issue 2 | Jan. 20 - Feb. 2, 2012 Longmont ponders Butterball site BY MICHAEL DAVIDSON transit facility about a half-block away [email protected] from the site on First Avenue, setting City given ‘right of first refusal’ the stage for a major transit-oriented LONGMONT — Butterball LLC, development. the owners of the recently closed turkey as potential buyers tour property “Something like this is a genera- processing plant in downtown Long- of the seven lots it owns near the cor- The city government is keenly tional opportunity,” said Brad Power, mont, will give the city “the right of ner of First Avenue and Main Street, interested in what becomes of the Longmont’s director of economic first refusal” if it wants to purchase the Butterball chief operating officer Joe properties, which are at the southern development. “It represents a pretty 26.8-acre facility, a top executive said. Nalley said. entrance to downtown. The city and large opportunity to do something Butterball plans to work with “In my opinion, they have the right Regional Transportation District are that would augment the vitality of Longmont to determine the future of first refusal,” Nalley said. in the planning stages of building a ➤ See Butterball, 27A BEACONS FOR BUSINESS Open space BCS Signs designs, makes, installs and maintains variety of styles to become political battlefield GMO-Free Boulder wants to affect commissioners’ race BY BETH POTTER [email protected] BOULDER — Nat- ural and organic indus- try leaders Mark Ret- zloff and Steve Demos are among the GMO- Free Boulder support- ers who will push to elect in November two Demos new county commis- sioners who support their cause. Sup p or t e r s of GMO-Free Boulder, an advocacy group, want to ban geneti- Retzloff cally modified crops from open space owned by Boulder JONATHAN CASTNER County and leased to farmers. Darin Watkins works on the embedded LED lights of a sign at BSC Signs. The sign company, founded in Broomfield in 1999 by Boulder County’s three commis- John Dobie, has managed to grow during a recession and recently opened a sales and design office in Boulder. See story, 20A. sioners voted unanimously in Decem- ➤ See Battlefield, 9A Visit bcbr.com for breaking news CONTENTS The Edge: Awards .....................21A Nonprofit Network ...27A LISTS Legal services....................11A BCBRdaily .................2A On the Job .................8A Bank Branches .............14A Banking/Finance Business Digest .......21A Product Update .......27A Law Firms ......................10A Dealing with regs...............13A Calendar ...................27A Publisher’s Notebook .. 26A Editorial ....................26A Real Estate ...............24A Eye ..............................3A Stepping Out ...........18A Leads ........................22A 2A 2A2A 2A | Jan. 20 - Feb. 2, 2012 Boulder County Business Report | www.bcbr.com Tendril receives rebates worth $85,000 Editor’s note: The following is a wrap-up of rebate requirements set by the city executive and president John McCa- breaking local business stories published daily by participating in RTD’s Eco Pass rvel said in the release. “Few compa- BCBR Opinion Poll Our online question: on the Boulder County Business Report’s program and by putting together a nies in our industry have reached this website. Sign up for our free BCBRdaily, an all Should the city of Boulder collect a “green team” at work that manages the milestone so quickly. As we begin our 100 sales-10 and20 use-tax30 40 from50 businesses60 70 on80 90 local e-news report sent to your e-mail each company’s environmental initiatives, 10th anniversary year in 2012, every- 0 software purchased and downloaded weekday. Just click on “Register for E-News- among other things, according to the one at Crocs can be proud of what via the Internet? letters” at www.BCBR.com. press statement. we’ve achieved together, and we’re looking forward to the next 10 years.” BY BUSINESS REPORT STAFF daily In 2010, Crocs reported revenue of Yes, the city needs all the [email protected] BCBR $790 million. money it can get. 17% Tendril’s application was one of Posted Jan. 6 BOULDER — Tendril Networks six submitted to the city in late 2011. Inc. will receive up to $85,000 in tax Five other applications are still pend- Grey Mountain buys 3rd fi rm and permit-related fee rebates as part ing. The city has $350,000 set aside BOULDER — Private equity fi rm of the city of Boulder’s business incen- for 2012 fl exible tax and fee rebates, Grey Mountain Partners in Boulder tive program. according to the statement. bought Columbia Commercial Build- No, it would hinder a business’ ability to grow. 83% Boulder’s Flexible Rebate program Posted Jan. 5. ing Products in Rockwell Texas, an was approved in 2006 by city coun- aluminum window maker, the . third cil members to offer incentives to Crocs expects $1 billion glass and aluminum product con- — 42 responses from to Dec. 21, 2011 keep primary employers based in the BOULDER — Footwear maker struction company that Grey Moun- to Jan. 17, 2012 city from moving elsewhere. Tendril Crocs Inc. expects its 2011 revenue tain has bought in the last week. This poll is not scientific and reflects only the recently remodeled and moved into will pass the $1 billion mark, setting a Terms of the deal were not dis- opinions of those Internet users who have chosen a 52,000-square-foot space at 2560 new record for the company’s annual closed. to participate. The results cannot be assumed to represent the opinions of Internet users in general, 55th St. in Boulder. revenue. “Columbia will allow us to pro- nor the public as a whole. “The city of Boulder is pleased that The Boulder-based company (Nas- vide an even more diverse range of Take the BCBR Opinion Poll online at BCBR.com. Tendril, a company founded in Boul- daq: CROX) said in a news release its product solutions to our customers der, is growing and able to maintain fourth quarter revenue for the past and opens the door to synergies and operations in the city, in part, due year “will be at the high end of the cross-selling opportunities among the On Thursday, Jan. 5, Grey Mountain to city-offered incentives,” said Jane prior guidance of $200 to $205 mil- existing glass fabrication businesses in said it bought Global Security Glazing Brautigam, Boulder’s city manager. lion.” That will be enough to clear the our portfolio,” said Beth Lesniak, vice security glass company in Selma, Ala- Companies must meet minimum $1 billion revenue threshold for the president of Grey Mountain. bama. On Friday, Jan. 6, the fi rm said requirements set by the city to be fi rst time in company history. Columbia makes aluminum archi- it bought Binswanger Enterprises LLC eligible to receive rebates. Companies “Exceeding $1 billion in revenue tectural windows, storefronts, “mall architectural glass and aluminum com- pay for the related taxes and permits in less than 10 years is a testament to sliders,” curtain walls and entrance pany, in Memphis, Tennessee. and then apply for the rebates. the power of our global brand and the doors for both new and replacement Posted Jan. 11. Tendril exceeded minimum potential of our company,” Crocs chief construction. ➤ See BCBRdaily, 21A Great partnerships begin with great people. Baird is proud to welcome the Smith Norris Group to our Boulder oce. As one of the FORTUNE 100 Best Companies to Work For®, Baird attracts some of nancial services’ most talented professionals. And because we are employee-owned and fully independent, we all share a vested interest in providing truly objective advice and service with your best interests in mind. The Smith Norris Group Shawn B. Smith, CFP®, Senior Vice President, Branch Manager Will Norris, CFP®, Senior Vice President, Financial Advisor One Boulder Plaza 1301 Canyon Boulevard, Suite 220 Boulder, CO 80302 800-572-9983 . 303-786-7240 Capital Markets – Investment Banking Private Equity Asset Management smithnorrisgroup.com Certied Financial Planner Board of Standards Inc. owns the certication marks CFP®, CERTIFIED FINANCIAL PLANNER™ and federally registered in the U.S., which it awards to individuals who successfully complete CFP Board’s initial and ongoing certication requirement. ©2012 Robert W. Baird & Co. Incorporated. Member SIPC. MC-34467. 3A3A 3A Boulder County Business Report | www.bcbr.com Jan. 20 - Feb. 2, 2012 | 3A Startups raise $47.5 million in January SendGrid, Symplified, it has raised $21 million in a Series B India and Israel. ing partner of the Foundry Group. round. The next day, Symplified Inc. The lead investor in Symplified’s Foundry, which is based in Boul- Next Big Sound cash in announced it closed a $20 million round was Ignition Partners, a Seattle- der, has invested in both SendGrid Series C round in late December. based firm with a track record of and Next Big Sound. Both companies BY MICHAEL DAVIDSON Next Big Sound Inc. on Jan. 3 investing in leading cloud-infrastruc- were members of the Boulder Tech- [email protected] announced it raised a $6.5 million ture companies. Stars Class of 2009. Series A round. (See story, 7A.) IA Ventures, a New York City- Collectively, the investments are BOULDER — Boulder startups All three rounds drew major based firm specializing in investments an indication tech startups are reach- are beginning 2012 with a bang, as investments from venture capital in “Big Data,” was the co-leader of ing the “critical mass” needed to cre- three locally grown tech companies firms based outside Boulder. Next Big Sound’s round. ate a self-sustaining ecosystem that announced they received a combined SendGrid’s round was led by Bes- The influx of capital, in particular can launch startups that mature into $47.5 million from venture capital semer Venture Partners, one of the the investment from Bessemer, is a sign “world class companies,” Symplified firms in recently completed financing most oldest VC firms in the nation.