Colorado Real Estate Journal - August 17, 2016
Avista Pharma recently announced plans to expand its Longmont footprint. The firm will invest $1.79 million in building improvements and $1 million in equipment. The expansion also will include the addition of 83 new jobs over the next eight years. The Longmont Economic Development Partnership assisted Avista in obtaining both local and state incentives for the project. Updates… The Longmont Economic Development Partnership recently released its second quarter economic update. The update included a look at the activities of the partnership, including launching the Commercial Brokers of Longmont in an effort to better support the local brokerage community in meeting the real estate needs of prospects, and hosting the Innovation Tour to promote the city’s innovation and entrepreneurial ecosystem. The report noted that 21,091 square feet of space was absorbed in the quarter; a potential 1,241 new jobs could be created based on active prospects; $124,835 in small-business loans were awarded to four local businesses representing 16 jobs; and the city had a 3.3 percent unemployment rate.