January 2008 Regional Economic Snapshot Boulder Cheyenne Larimer Weld After four and a half years of consecutive growth, employment fell in November in Wyoming’s natural resources & mining sector (down 800 jobs or 2.9% from November 2006). It appears The total civilian labor that natural gas drilling The total civilian labor The total civilian labor activity slowed substantially force in Boulder County force in Larimer County force in Weld County for during 2007. Despite these for November, 2007 job losses, overall for November, 2007 November, 2007 was What is your latest was 179,224 of which employment has continued to was 177,304 of which 120,778 of which 1 monthly 173,174 were employed grow at a robust pace (up 171,263 were employed 115,811 were employed unemployment rate and 6,050 were 9,900 jobs or 3.6% from and 6,041 were and 4,967 were November 2006). In fact, unemployed. The unemployed. The unemployed. The Wyoming employment is unemployment rate was increasing over three times unemployment rate was unemployment rate was 3.4 percent. as fast as the U.S. average 3.4 percent. 4.1 percent. (3.6% compared to 1.0%). The state’s seasonally adjusted unemployment rate was unchanged from its October level of 2.9% and remained much lower than the U.S. rate (4.7%). Boulder Cheyenne Larimer Weld IBM announced the construction of the 80,000-square-foot data center is Gerald H. Phipps Inc., one of on-schedule and completion is set Colorado's largest general for April 2008. contractors, will open a Loveland office next week to keep tabs on The Hartford Financial Services major construction projects the Group Inc. said that in 2008, the company has under way in Northern company will begin a two-year data Colorado. Phipps broke ground on center migration that will cost the the $42 million Diagnostic Medicine company $100 million in pre-tax Center at the Colorado State expenses. Part of that spending will University veterinary hospital be put toward the establishment of a campus, and has an additional data center in Boulder, hosted by Are any new IBM contract to build the CSU Research Innovation Center. 2 businesses coming Western Digital settled into its new to your region? home in advance of opening its third Greeley Medical opens second Centerra clinic. The Greeley design center — the first outside Medical Clinic PC will open its California — on 12/10/07. Western second facility at Centerra, adjoining Digital moved into 1951 S. Fordham Medical Center of the Rockies. The St., the space formerly occupied by clinic, which will employ about 120, hard drive maker Cornice. will anchor a second medical office building connected to the hospital. The Longmont Tutoring Clinic, 1445 Greeley Medical will occupy 40,000 Nelson Road, opened one month of its 81,000 square feet when it ago and offers tutoring for all opens next November. children in grades K-12, serving all subjects and all ability levels. Boulder Cheyenne Larimer Weld Motorola Inc. plans to relocate its 100-employee local research and design facility from Boulder to Westminster. The move was a "real estate decision and move will be completed in March. Concrete company will Are any companies Novartis AG announced that it close as of 2-29-08, leaving your region will cut 2,500 jobs worldwide by affecting approximately or are any 2010, making it the latest major 20 regular employees. pharmaceutical to announce companies in your Most of them will be 3 sizable cutbacks as industry region laying off costs rise, more patents expire, absorbed into the workers? Do you researchers continue to chase existing workforce due see any industries the next blockbuster drug, to the demand for their generic competition for four that are struggling? drugs and lost sales from a skill sets/craft discontinued product. It is knowledge.' unknown how the cuts might affect Novartis' generic drug Sandoz division, which employs 625 people in Broomfield. Boulder Cheyenne Larimer Weld Imagine!, Exempla, Are any companies McKesson Corporation, in your region doing Northrop Grumman, 4 any significant Kable Fulfillment, hirings? Lockheed Martin, Transfirst, Walmart Boulder Cheyenne Larimer Weld As NCAR moves closer to beginning site development Do you see any and construction, more new industries or inquiries are coming in from 5 new skill sets high-tech companies and emerging in your inquiries about training to meet the technology region? demands of these companies. Teen Job Fair 2008 Tuesday, March 4, 2008 4:00 p.m.-6:00 p.m. Island Grove Exhibition Building 525 N 15h Avenue, Greeley, CO Regional Job Fair 2008 WY-CO Workforce Senator Mike Enzi is Thursday, March 13, 2008 Is your region Partnership will be scheduled to speak at the 2:00 pm.-6: 00 pm Larimer County Fairgrounds, having any hosting a Regional Job January Cheyenne 6 First National Bank West upcoming events of Fair on March 13, 2008, Chamber of Commerce Exhibit Hall interest? 2-6 pm, at the Larimer luncheon, Friday, January Loveland, Colorado. County Fairgrounds. 11th. Business Career Event 2008 Thursday, April 10, 2008 4:00 pm - 6: 00 pm Aims Community College Aims CC Corporate Education 5590 W. 11th Street, Greeley, CO. Boulder Cheyenne Larimer Weld Crispin Porter + Bogusky - recently heralded for its campaigns with companies like Burger King and Volkswagen has applied for a business incentive that would allow it to add 100 more people at its A new study indicates more tan Boulder site. 24,800 workers in Northern Colorado are underemployed. Larry Ball Aerospace & Technologies Burkhardt, president/CEO of Upstate Corp. was awarded a contract to Colorado Economic Development in develop an antenna system for a Greeley, said those 24,800 were Sandia National Laboratories system qualified for positions with higher that detects, locates and salaries and may, for example, be characterizes ground-based nuclear commuting to Denver but eager to Is there anything detonations worldwide. Financial find work closer to home. The study, else workforce terms of the contract were not commissioned by a partnership of disclosed. stakeholder agencies, surveyed the related that you'd 7 work force within a 30-mile radius of like to add that 42 Productions, a full-service, U.S. Highway 34 and Interstate 25. It might be of interest Boulder-based film and video found that of the 383,900 in the production company, is filming two area's civilian labor force, 15,800 to the group? full-length feature films in 2008 in were unemployed and actively Boulder. "Woodshop" will begin at seeking work and 24,800 are the end of January and continue employed but interested in changing through April. The film is a comedic their jobs. The report found that drama about a high school boy who about 25 percent of the available is determined to make it into an Ivy workers would consider a new job League School but receives an F in paying $13.99 per hour or less, while a chemistry class and is forced to the top 25 percent would command take vocational woodshop class. more than $26.51 per hour. “Coda" is slated for early spring or summer and s also a comedic drama set in a high school and is about a boy in a band. Boulder Cheyenne Larimer Weld Aims receives funding for EMT scholarships. Aims Community College has received $46,200 in scholarship funding to assist nontraditional students. The Daniels Are there any new Opportunity Scholarship 8 trainings available funding will provide 28 in your region? scholarships to emergency medical technician and paramedic students at Aims. The scholarships will be awarded during the next two years. Boulder Cheyenne Larimer Weld Northern Colorado employers expect Collaboration and Teamwork - to hire at a brisk pace during the first Laurels Apartments Renovation quarter of 2008, according to the quarterly Manpower Employment Project: The Boulder County Outlook Survey. For the first three Housing Authority teamed with months of 2008, 40 percent of the the Sheriff's Office, Northern Colorado companies Transportation Department and surveyed said they planned to hire Workforce Boulder County to more employees while only 7 renovate a previously percent said they would be reducing uninhabitable, four-unit complex their payrolls. Another 30 percent in Broomfield into habitable said they expect to maintain current Is there anything affordable housing. The project staffing levels and 23 percent said else utilized the labor of a team of they weren't certain. The best job young Workforce Boulder prospects for the first quarter newsworthy appeared to be in construction, County workers, who gained 9 happening in your valuable on-the-job experience durable goods manufacturing, transportation/public utilities and region you’d like to that has helped each of them to wholesale/retail trade and services. share? obtain related employment or attend college. By using the An express bus between Greeley Workforce youth and leveraging and Loveland is chugging toward outside funding sources, the reality. Daggett said planners hope Housing Authority saved more this system will provide one link in than $550,000 off the estimated the chain for a future regional mass- cost of the project. The project transit system. “It ties the region together, it ties the three big cities, received a Pinnacle Award because there’s already regional which showcases the County's service between Loveland and Fort most innovative, excellent Collins,” Daggett said. The buses programs. Winners exemplify will run hourly between Loveland leading edge in public service. and Greeley, with three stops.