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October 2010

News and Deals
Several companies announce location/expansion plans in region

SkyFuelSkyFuel Inc., a leading supplier of utility-scale concentrating solar power (CSP) systems, announced in October plans to move its corporate headquarters from Albuquerque to Unincorporated Jefferson County in west Metro Denver. The company will consolidate the new headquarters with an existing research and development center in Jefferson County.

Google Inc., headquartered in Mountain View, CA, announced in October plans to expand its presence in Boulder, leasing 16,000-square-feet of new space. Google did not say how many new hires it would make, but expects the jobs to be in software engineering and sales. Google already employs 100 people in Boulder.

GE Analytical Instruments, a division of General Electric Co., announced it would expand in Boulder. The company will add 24 new staff and subleased 19,000 square feet to expand its manufacturing capabilities for producing equipment to test water quality.

Rally Software expanded in Boulder in October 2010, moving to a 65,645-square-foot building to accommodate rapid growth. The company offers software development tools for the software industry.

Martifer Solar USA, a Los Angeles-based leader in turnkey photovoltaic solutions, announced in September an office expansion in Denver. Martifer chose Colorado due to its renewable energy incentives and 30 percent RES standard. The office will work to finance, install, and maintain residential, commercial, and government installations.

Trimble Navigation, based in Sunnyvale, CA and the Hilti Group, based in Liechtenstein, announced a joint venture in September for the building and construction market--Intelligent Construction Tools LLC--to be based in Westminster.

Learn More:

» News and Deals - metrodenver.org

Colorado's cleantech industry takes global stage
Economic mission to Europe highlights innovation and opportunity in state

Schneiderr_MOUColorado Governor Bill Ritter and a contingent of state economic development leaders traveled to Denmark and Finland Sept. 30-Oct. 4 to seek new opportunities and investment in the state's burgeoning cleantech industry.

Metro Denver Economic Development Corporation (Metro Denver EDC) Executive Vice President Tom Clark joined Ritter on the trip. The group met with European and Nordic companies interested in either investing or expanding in Colorado or building partnerships with the state's existing firms. They also visited the international headquarters of Vestas, which has located four manufacturing plants and $1 billion in investment in Colorado.

"Colorado has done an exceptional job in building a clean-energy economy that supports business development and growth opportunities for companies such as Vestas," said Martha Wyrsch, president of Vestas Americas. "We located our factories in Colorado and are actively hiring in the state because we believe in Colorado's vision."

In addition to meeting with business leaders in Denmark and Finland, Ritter also participated in events highlighting Colorado's cleantech economy, including keynote addresses at the International Cleantech Cluster and World Climate Solutions Conferences. 

During the trip, Ritter signed two Memorandums of Understanding (MOUs); one with the Danish city of Kalunborg and Fort Collins-based Spirae, to support smart grid development in Kalunborg; and another between Colorado and Schneider Electric, based in France, but developing the emerging smart vehicle market in the U.S.

"Governor Ritter's devotion to promoting the state as a leader in clean energy and the public policy and statutory infrastructure necessary to drive the cluster has put us in the enviable position today," explained Clark. "Ritter has played a pivotal role to bring international attention to Colorado and it is his tireless promotion of this sector that has generated thousands of new jobs in Colorado."


Forbes again ranks Colorado fourth-best state for business
State ranks No. 1 for labor supply

VestasFor the second year in a row, Forbes has ranked Colorado as the fourth-best state for business and for fostering economic growth. CNBC has also rated Colorado the third-best state for business two years in a row.

"Even in this tough economy, Colorado has remained aggressive, disciplined, and focused when it comes to supporting businesses and encouraging economic growth," Governor Bill Ritter said. "This ranking by Forbes shows that our strategies and investments in emerging and innovative industries like clean energy, healthcare, aerospace, bioscience, and technology are working. We still have many challenges ahead, but we are indeed moving forward." 

"Amid a terrible national economy, the top-four states, Utah, Virginia, North Carolina, and Colorado are finding ways to foster growth," according to Forbes. The report ranks Colorado first for labor supply, sixth for overall economic climate and growth prospects, and ninth for quality of life.

Read the story on Forbes.com, see the 50-state ranking table, and watch a photo slide show of images from the top states.

 

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4
Sharklet Technologies wins CBSA Venture Showcase award

Sharklet Technologies, Inc. won the Dorsey & Whitney Venture Showcase Award at the Colorado BioScience Association's 2010 BioWest Conference & Expo held in September in Denver. Sharklet has engineered a revolutionary surface product called Sharklet, the first non-toxic, long-lasting, and no-kill surface used to control the growth of bacteria. The company relocated its corporate headquarters from Alachua, FL to Aurora in August. The company will be housed at the Bioscience Park Center, a biotechnology incubator in the Fitzsimons Life Science District adjacent to the renowned Anschutz Medical Campus. 


5
Denver, Adams County partner to redevelop ASARCO site

The City and County of Denver and Adams County announced an agreement in early October to redevelop the 77-acre ASARCO property at East 51st Avenue and Washington Street (80 percent in Adams, 20 percent in Denver). Brownfield Partners, a Denver-based Brownfield and urban infill developer, will manage environmental remediation and site development. When complete, the new Globeville Commerce Center will potentially offer 1.1 million square feet of commercial space.  




West Corridor Light Rail 50 percent complete

The West Corridor FasTracks project,  a 12.1-mile light rail line between Denver Union Station in downtown Denver and the Jefferson County Government Center in Golden, reached 50 percent completion in late September. The West Corridor will serve Denver, Lakewood, the Denver Federal Center, Golden, and Jefferson County by 2013 and is the first RTD FasTracks corridor to enter full construction.

FasTracks is RTD's $6.7 billion transit program to expand rail and bus service throughout Metro Denver. FasTracks will build 122 miles of commuter rail and light rail, 18 miles of bus rapid transit service, add 21,000 new parking spaces, and redevelop Denver Union Station. FasTracks is projected to create more than 10,000 construction-related jobs during the height of construction and pump billions of dollars into Metro Denver's economy.


7
Colorado Cleantech Action Plan released

The Colorado Cleantech Industry Association (CCIA) released a detailed study on October 18 to identify Colorado's cleantech assets and provide detailed actions to maintain and expand cleantech growth in the state. According to the report, Colorado is an acknowledged leader in cleantech due to its innovation and policy leadership. To further advance the industry, the action plan notes that Colorado must build on these foundational strengths while continuing to build core strengths in each of four priority sectors: wind, solar, smart grid, and bio-derived.

»
View/download the report 


Colorado has the country's second-most highly educated workforce, ranking No. 2 for percentage of residents with a bachelor's degree (35.9 percent).
- American Community Survey, 2009

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