2016 ANNUAL REPORT

MISSIONJeffco EDC’s mission is to strengthen the economic vitality of Jefferson County through the creation, retention and expansion of primary jobs.

Recently, Jeffco EDC embarked on many new projects and initiatives to elevate its efforts in attracting, expanding, and retaining primary employers. Some of these include: developing foreign direct investment strategies to market the county abroad; expanding the county’s Enterprise Zone boundaries to encourage economic activity; focusing on an additional target industry (beverage production) to help strengthen and grow the cluster; hosting industry roundtables for existing businesses, and much more. Through these efforts, we have increased prospect activity and business outreach significantly. We have also elevated our prominence and engagement with the broader Colorado community, and have been successful with many national and international projects that are creating primary jobs in the county.

In 2016, Jeffco EDC’s Board of Directors took significant steps to restructure the organization, setting it on a course for continued success in serving its members. The board leadership made a commitment to identify the most effective structure for the organization, and determined it was important to evaluate the organization, with emphasis on stakeholder interests, strategic goals, and the governance structure. After a thorough organizational assessment, our consultants provided recommendations based on feedback and input from key stakeholders. From these recommendations and discussions at the annual retreat, the Governance Committee was formed to develop a proposed structure for the organization. Also, the Government Affairs Committee developed a plan to strengthen its impact in taking a more proactive role advocating for a positive business climate. Additionally, the board underwent an extensive recruitment process to identify the organization’s new leadership. In December 2016, the board appointed Sam Bailey as Jeffco EDC’s new President & CEO.

Jeffco EDC remains committed to working with its investors and community partners, to ensure that the business climate remains healthy by providing ample employment opportunities, a solid tax base, and a vibrant quality of life in Jefferson County, Colorado.

Je�co EDC TeamSam Bailey, President & CEOLeigh Seeger, Director of Economic DevelopmentTom Livingston, Manager of Economic Development ServicesLisa Harper, Manager of Operations & Enterprise Zone Administration Carol Grantano, Office Manager

Introduction2016 was a busy and productive year for Jefferson County Economic Development Corporation (Jeffco EDC). It was the fourth year of the five-year Forward Jeffco initiative, which is designed to help create 7,500 new primary jobs through increased efforts in business attraction, retention and expansion, enhancing entrepreneurship, ensuring the readiness of the county’s workforce, and providing advocacy and public policy leadership to maintain a positive business climate. Due to the investments made to Jeffco EDC and the Forward Jeffco initiative, the program continues to be successful and we are well on our way to meeting its goals and objectives.

Lakewood

Golden

Arvada

Ken Caryl

Morrison

Conifer

Buffalo Creek

Genesee

Edgewater

Evergreen

WheatRidge

70

70

6

58

470

470

285

6

93

72

391

874

88

88

285

AEROSPACE

Highlights

ENERGY

BIOSCIENCE

OUTDOORRECREATION

Major Business Locations & ExpansionsIn 2016, Jeffco EDC provided assistance to 107 business attraction, expansion and retention prospects. Here are a few successful projects:

• Ball Corporation is expanding its aerospace operations in the City of Westminster. The planned expansion, with options for multiple phases, will begin this year with an approved $50 million capital investment by the corporation. If all options for expansion are exercised over a multi-year period, the company expects to create nearly 450 high-paying jobs and expand its current facility by 261,400 sq. ft.

• CoorsTek, the Golden-based engineered ceramics leader, is building a new $120 million facility that will feature a state-of-the-art research and development hub, a sophisticated analytical laboratory, and a world-class materials facility. The company plans to create 46 new high-paying jobs with an average salary of $75,000.

• Pilatus Business Aircraft Ltd. is building a new 118,000 sq. ft. facility at RMMA. The new $22 million facility will provide aircraft completion support for its PC-12 and PC-24 aircraft. The project will nearly double employment, bringing 57 high-paying jobs and more than $3 million in capital investment to Jefferson County.

• Prescient relocated and expanded its operations into a 120,000 sq. ft. facility in Arvada. The project will create nearly 270 jobs and bring $9 million in capital investment to the county.

• Zimmer Biomet Spine, Inc. is relocating and expanding its operations in Westminster into 104,000 sq. ft. The project will bring 207 high-paying jobs and $6.3 million in capital investment to the county.

2016 by the Numbers Jeffco EDC worked on many projects throughout the year that will create 1,905 primary jobs, add $170.2 million capital investment, and absorb over 915,048 square feet of real estate. The following charts reflect activity since the inception of Forward Jeffco in 2013.

TARGETINDUSTRYCLUSTERS

0

1,000

2,000

JOBS

2013 2014 2015 2016TOTAL: 6,924

$500M

CAPITAL INVESTMENT

2013 2014 2015 2016TOTAL: $892,601,342

0

SQ. FT. ABSORPTION

2013 2014 2015 2016TOTAL: 3,333,679

$400M

$300M

$200M

$100M

$0

1,000,000

800,000

600,000

400,000

200,000

AVIATION

BEVERAGEPRODUCTION

2016 was a successful year for Jeffco EDC. Here is a snapshot of activities that took place:

Tradeshows & ConferencesJeffco EDC marketed Jefferson County as a premier business location by participating in a variety of target industry tradeshows and conferences, which included: Hannover Messe, Select USA Investment Summit, National Space Symposium, National Business Aviation Association Convention, and the CO Space Business Roundtable.

Aerospace Industry Day Jeffco EDC hosted the inaugural Aerospace and Defense Small Business Industry Day. The event was a sellout with 350 attendees from across the nation. The all-day event provided attendees with an overall look at what is happening in the Colorado aerospace industry, breakout sessions on key business topics, networking opportunities, and individual matchmaking meetings with prime contractors for small businesses.

I.

II.

III.Business attraction focusing on targeted industries

Business retention and expansion

Entrepreneurial business development

STRATEGIC INITIATIVES

10th Annual Luncheon The Jeffco EDC Annual Luncheon is a celebration of the positive impacts of business in Jefferson County. Jeffco EDC honored Congressman Ed Perlmutter as the Elected Official of the Year.

Industry AwardsJeffco EDC and the Jefferson County Commissioners recognized 11 companies in five different award categories at the 23rd annual Industry Awards Breakfast. FirstBank was awarded with the highest honor, the Pioneer Award.

Events

IV.

V.

Provide workforce development resources for new and existing businesses

Aggressively advocate at all levels of government on behalf of existing and new business

2016 Board of DirectorsJohn Moore, ChairPrincipalMartin/Martin Consulting Engineers

Tom Currigan, Vice-ChairSenior Director – Stakeholder RelationsKaiser Permanente

Tony Antista, TreasurerPresidentFirstBank of South Jeffco

Liz Geisleman, SecretaryVice President & COORocky Mountain Reagents

EXECUTIVE COMMITTEE

Rob Osborn, Past ChairCorporate Economic Development, Xcel Energy

Mark BishopSenior Vice President of Global HumanResourcesTerumo BCT

Keri BursonDirector of MarketingAdolfson & Peterson Construction

Richard DenglerPresident - Colorado DivisionBrookfield Residential

Bill DillamanPlant ManagerRocky Mountain Bottle Company/MillerCoors

Tami FischerCEOMetro West Housing Solutions

Preston GibsonArea Manager, Community and LocalGovernment AffairsXcel Energy

Patrick GreenCOOSt. Anthony Hospital

EX-OFFICIO MEMBERS

BOARD OF DIRECTORS

Fred BakerPartner, Ojala & Company

Garrett BaumManaging PartnerUrban Frontier

Thomas BosshardPresident & CEOPilatus Business Aircraft

Gregg BradburyPartnerChurch Ranch Companies

Dennis CarruthPresidentCarruth Properties Company

Daniel CohrsCFOColorado Christian University

Andy DavisDirector – Government AffairsComcast

David EasterPresidentEaster–Owens

Alberto GarciaMayor Pro TemCity of Westminster

Dr. Michele HaneyPresidentRed Rocks Community College

Leslie HordVice PresidentCitywide Banks

Joyce JayMayorCity of Wheat Ridge

Kenneth KirwinVP of FinanceCommunity First Foundation

Blair LichtenfelsShareholderBrownstein Hyatt Farber Schreck

Kristine McMahonDirector of Sales & MarketingSheraton Denver West Hotel

Steve ArtEconomic Development ManagerCity of Wheat Ridge

Pam BalesPresidentThe West Chamber

Dr. Diana DoylePresidentArapahoe Community College

Steve GlueckCommunity and Planning DirectorCity of Golden

John HallEconomic Development DirectorCity of Westminster

Betsy HaysPresidentEvergreen Area Chamber of Commerce

Leslie KlaneExecutive Director, Golden Chamber of Commerce

Dr. Paul C. JohnsonPresidentColorado School of Mines

Dot MillerPresidentWheat Ridge & Westminster Chambers of Commerce

David JonesCouncilorCity of Arvada

David NorwoodBranch PresidentCitywide Banks

Adam PaulMayorCity of Lakewood

Trae RigbyVice President, DevelopmentSaunders Construction

Janice RooneyManager, Corporate RelationsNREL / The Alliance for Sustainable Energy

Dan McMinimeeSuperintendentJeffco Public Schools

Tom MorleyDenver Facility Site LeadLockheed Martin Space Systems

Debbie NunneleeSr. Manager, Security & Site ServicesTerumo BCT

Karl PaulsonDirector – Planning, Policy, & BudgetColorado PERA

Nanette Neelan Economic Development Director/Deputy City Manager, City of Lakewood

Ryan StachelskiEconomic Development DirectorArvada Economic Development Association

Donald RosierCommissionerJefferson County

Dr. Tim SwalesVP, Research & DevelopmentJohns Manville

Libby SzaboCommissionerJefferson County

Casey TigheCommissionerJefferson County

M.L. RichardsonDirector of Strategy & Sustainable DevelopmentKeller Farm Property & APC Construction Co.

Carol SalzmannVP Community & Government AffairsLutheran Medical Center

Laura WeinbergCouncilorCity of Golden

Melanie SwearenginExecutive DirectorConifer Area Chamber of Commerce

Amira WattersExecutive DirectorJefferson County Business Resource Center

Kami WelchPresidentArvada Chamber of Commerce

Je�co EDC InvestorsJefferson County Economic Development Corporation’s investors are an integral part of fulfilling the organization’s mission. By providing financial support and resources and sharing their expertise, our investors have a substantial impact on the regional, state, and local economy, improving the quality of life for Jefferson County’s citizens. Our investors form a diverse group, including public and private sector representatives, as well as small and large businesses. They also have a variety of backgrounds, from technical to business to real estate. Jeffco EDC is grateful to our investors for their support, time, and resources.

Adolfson & Peterson Construction

The Alliance for Sustainable Energy, LLC

APC Construction Company

Arapahoe Community College

Arvada Economic Development Assoc.

Ball Corporation

Brookfield Residential

Brownstein Hyatt Farber Schreck

Butterfly Pavilion

Carruth Properties Company

Centerline Solutions

Church Ranch Companies

City of Arvada

City of Golden

City of Lakewood

City of Westminster

City of Wheat Ridge

Citywide Banks

Coldwell Banker Residential Brokerage

The Coleman Company

Colorado Business Banks

Colorado Christian University

Colorado PERA

Colorado School of Mines

Colorado State Bank & Trust

Comcast

Community First Foundation

CRL Associates

Cushman & Wakefield

Custom Environmental Services

Denver Marriott Westminster

Denver Metro Association of Realtors

Denver West Business Park

Development Research Partners

Easter-Owens

Elk Valley Public Improvement Corp.

FirstBank

GF Real Estate Group

Icenogle Seaver Pogue, PC

Jefferson County

Jefferson County Public Library

Jefferson County R-1 School District

Johns Manville

Jordon Perlmutter & Co./Section 14 Development

JR Engineering

Kaiser Permanente

Lockheed Martin

Lutheran Medical Center

Martin/Martin Consulting Engineers

Metro West Housing Solutions

Meurer Research

MillerCoors

Mortenson Construction

National Renewable Energy Laboratory (NREL)

NavPoint Real Estate Group

Ojala & Company

Otten Johnson Robinson Neff + Ragonetti PC

Pilatus Business Aircraft

Red Rocks Community College

Regional Transportation District (RTD)

Rocky Mountain Reagents

St. Anthony Hospital

St. John Properties

Satriana & Biscan, LLC

Saunders Construction

Seniors’ Resource Center

Sheraton Denver West Hotel

Sonsio, Inc.

Terumo BCT

Trihydro Corporation

Urban Frontier

US Bank-Evergreen/Golden

We Work for Health Colorado/PhRMA/The Kenney

Group

Wells Fargo

Westerra Credit Union

Xcel Energy

1667 Cole Boulevard, Suite 400, Golden, CO 80401 · 303.202.2965 · www.jeffcoedc.org

OPENING THE FUTURE FOR BUSINESS IN JEFFERSON COUNTY, COLORADO