Monday, April 19, 2010

Longmont Area Economic Council Releases Annual Industry Survey Results; Annual report surveys industry in Boulder and Weld Counties

Longmont Area Economic Council Releases Annual Industry Survey Results; Annual report surveys industry in Boulder and Weld Counties

The Longmont Area Economic Council has released its 2004 Existing Industry Report, a survey of Longmont's industrial base of 235 primary employers that provide more than 13,000 jobs, with 169 (72 percent) of the companies located in Boulder County, and 68 (28 percent) located in Weld County.

(PRWEB) July 13, 2004

The Longmont Area Economic Council has released its 2004 Existing Industry Report, a survey of Longmont's industrial base of 235 primary employers that provide more than 13,000 jobs, with 169 (72 percent) of the companies located in Boulder County, and 68 (28 percent) located in Weld County.

"This is an annual project we are particularly proud of," notes John Cody, CED, president and CEO of the Longmont Area Economic Council. "We've been doing this longer than most of the communities in Colorado, and thanks to an outstanding group of volunteers, we survey more companies, and get a larger response rate in a shorter time, than any other participating community."

Survey results indicate the potential for 1,358 new jobs, $95.6 million in capital investment and use of more than 941,000 additional square feet of space over the next three years. The technology sector accounts for 76 percent of the estimated new investment. The percentage of companies planning growth (56%) is the highest it has been in five years.

LAEC's Existing Industry committee is made up of 22 volunteers from the Longmont business community who contact primary employers, alert them to the pending survey, and encourage them to respond. The committee was able to contact 220 out of 235 primary employers in the region, a 94 percent contact rate, resulting in 150 companies that responded to the survey, a 64 percent response rate.

A new tool this year that helped in the creation of the report is the purchase of a new software program called Synchronist, which analyzes collected data in a variety of ways and allows improved data analysis. Information in the report is based on data collected via direct answers, analysis and comparisons made from extracted data, as well as background and historical information. LAEC's staff also follows up with companies seeking to expand operations or that may be facing issues that may put them at risk.

The report is an integral part of keeping LAEC informed about the activities of Longmont-area primary employers. It demonstrates the community's interest in existing industry, helps define needs and concerns to be addressed, helps determine the health of the area's industrial base and individual companies, and tries to assess the opportunities and risks for keeping and growing them.

For more information, or to download a copy of the LAEC's Existing Industry Annual Update 2004 Report, visit www. longmont. org and look in the “About the Council” box, or go to www. longmont. org/interior. asp? category_id=3&parent_id=0&content_id=173 (http://www. longmont. org/interior. asp? category_id=3&parent_id=0&content_id=173).

About the Longmont Area Economic Council

The Longmont Area Economic Council exists for the sole purpose of keeping the Longmont area economy strong. This is accomplished specifically by "actively supporting the creation and preservation of quality primary jobs." Primary employers are those who sell the majority of their goods and services outside the region. LAEC is a public/private partnership, governed by a Board of Directors made up of representatives from primary employers, the City of Longmont, and the business community at large. For more information, call (303) 651-0128, email laec@longmont. org, or visit www. longmont. org.

# # #