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PEDCO Celebrates International Economic Development Week

Pueblo Economic Development Corporation Recognizes Importance of Economic Development during National Celebration Week

 

PUEBLO – Next week, Pueblo Economic Development Corporation (PEDCO), along with the Colorado Economic Development Council of Colorado (EDCC) and the State of Colorado will celebrate Economic Development Week, with seven days of national recognition of economic developers who generate growth, create better jobs for residents and facilitate an improved quality of life.

 

Economic Development Week is an event created by the International Economic Development Council (IEDC) in 2016 to celebrate achievements within the economic development profession.  The IEDC council is the largest professional membership organization for economic development.

 

All week, PEDCO will be highlighting Economic Development Week on our website and social media.  Be sure to check out our daily posts on Facebook and Twitter to see how we are commemorating Economic Development Week and celebrating the great work economic developers do in Colorado.

 

PEDCO Chairman of the Board, Brian Moore, spoke to the work of PEDCO and Economic Development Week, saying,  “Good economic development is the lifeblood of any community. The very definition of a primary job means that we’re injecting revenue from outside the community that funds our schools, transportation, and other community priorities. These are the jobs that PEDCO focuses on help build a better Pueblo for our children and grandchildren. This is just one reason I’m excited to be affiliated with PEDCO.”

 

“Pueblo’s dedication to economic development, combined with our incredible workforce brought us out of the tough times we faced in the early 80s,” added Jeff Shaw, President, and CEO of PEDCO.  “Through a dedicated effort in economic development, with a great community economic development team, Pueblo will become the community we vision and want for our children.”

 

Follow the Economic Development Week Conversation at #econdevweek or #edw2017.  Visit www.choosecolorado.com for updates about economic development activities at the state.

Morning Mingle

Not a Member of PEDCO???

 

The Morning Mingle is an opportunity for you to get a hot cup of coffee and visit with the PEDCO Staff, Board of Directors and other members in a casual environment to talk about how you can become involved with PEDCO too!

 

Wednesday, April 19, 2017

7:30am-9:00am

301 N. Main Street

Coffee, Donuts, Good Conversation, Prizes!

RSVP – 719.544.2000

 

Denver TV ad, closer ties with Colorado Springs on tap for PEDCO

BY DENNIS DARROW

THE PUEBLO CHIEFTAIN

Pueblo’s job recruiters are getting busier in their own backyard.

This week, leaders of the Pueblo Economic Development Corp. gave more details about the pro-Pueblo television commercial set to air in the Denver market.

Also, they reiterated their wish to forge closer ties with economic development leaders in Colorado Springs in order to better promote Southern Colorado as a regional draw for employers. Until recently, Southern Colorado lagged behind Northern Colorado in job growth since the 2007-09 U.S. recession.

The comments came during PEDCO’s quarterly luncheon meeting Wednesday at the Sangre de Cristo Arts and Conference Center.

About 75 members and visitors attended.

Among those in attendance was Dirk Draper, president of the Colorado Springs Chamber and EDC. In Colorado Springs, the group serves the combined functions as the Greater Pueblo Chamber of Commerce and PEDCO. EDC stands for Economic Development Corporation.

Brian Moore, the 2017 chair of PEDCO and the chief executive of St. Mary-Corwin Medical Center, said the TV ad to air in Denver is nearly finished and copies will be sent to PEDCO members via email, he said.

“The intent is not to poach from within our own state but it is to keep some of our surrounding states from poaching Colorado businesses,” said Moore, who announced production of the TV commercial earlier this year.

He cited an example of a Denver outdoor recreation manufacturer that moved out of state and said later that it was not fully aware of the relocation incentives and infrastructure offerings in Pueblo.

“It’s with that intent, really, that we go to our larger neighbor to the north with a message about business opportunity in Pueblo,” he said.

Also, a number of railroad-dependent and other businesses in Denver are exploring moves to make room for public infrastructure projects like the Interstate 70 widening and National Western Stock Show expansion, PEDCO leaders note.

The television commercial also serves as a follow-up to the full-page advertisement PEDCO ran last year in industry publication Site Selector magazine, Moore said. It also ties in with the new regional jobs creation push sought by Pueblo and Colorado Springs, which also advertised in the publication, he said.

“Some of the feedback we’ve gotten from the site selectors is you guys really need to sell the region,” Moore said. “And so, Dirk, I think its really exciting you’re here and we’re seeing these lines of dialogues strengthen between Pueblo and Colorado Springs.”

Pueblo and Colorado Springs residents “live regionally. … And when we are able to speak to the regionality, that strengthens our ability as Pueblo to land successful recruits. And where we can have a joint message, I think that really benefits the region,” Moore said.

The Greater Pueblo Chamber of Commerce has long participated in regional economic development meetings and programs with Colorado Springs, including partnering on initiatives to protect jobs at Fort Carson.

The TV ad to air in Denver will include footage showing Pueblo’s business infrastructure and also amenities such as Lake Pueblo.

Moore, giving his first address since his election as chair, also spoke about the challenges of economic development and his high regard for the work of PEDCO, a mostly volunteer, dues-funded group open to the public.

“Economic development is an exciting field but it also is one that can be fraught with frustration because at the end of the day … the ultimate decision rests with the business,” he said. “Many of these deals, after investing untold hours over months and sometimes years, suddenly go on delay. At PEDCO, we have absolutely have no control over that.”

Jeff Shaw, president of PEDCO, offered a brief update on job prospects, saying the city continues to hold talks with various companies offering a combined 2,000-plus jobs.

He also noted Express Scripts’ decision to close its 300-worker Pueblo call center, announced earlier in the day. “It really emphasizes what we do and why it’s so important and how aggressive we have to be,” he said.

Shaw also gave a detailed report on PEDCO’s other operating plans for the year, including its new strategy of assigning members to cluster groups to research prospects in specific industries. The clusters align with PEDCO’s targeted industries of aerospace, rail, recreation and hemp.

Also, he noted construction recently was completed on Pueblo’s latest shell manufacturing building, built near the pewag Traction Chain plant along I-25 in south Pueblo. Pueblo City Council approved funding for the project from the city’s half-cent fund for economic development, citing the dwindling supply of available industrial buildings in the area.

ddarrow@chieftain.com

Striking Gold in Pueblo

BLOG – COLORADO OFFICE OF ECONOMIC DEVELOPMENT AND INTERNATIONAL TRADE

http://choosecolorado.com/striking-gold-pueblo/

Big R announces expansion!

 

PUEBLO – Big R, the largest farm, ranch, and retail chain in Colorado will expand its distribution warehouse and facilities in Pueblo, CO.  Big R, founded in 1962 in the towns of Lamar and La Junta, began as a small family owned and operated business. From the inception, Big R has been the dominant farm, ranch, and home retail chain in the Arkansas Valley of Colorado.  Big R has grown from 25 employees to 600 employees with 25 stores.  Big R’s distribution warehouse and facilities in Pueblo currently employ 70 employees.

 

Big R made the announcement at 4:00 p.m. on Monday, November 28, 2016. Details of the project include:

 

  • Approximately $11.0 million in capital investment
  • 33 new full-time jobs to be in place by January 1, 2020.
  • Average wage of $64,315 including benefits.
  • $1,494,000 from the City of Pueblo’s half-cent fund for economic development (contingent on approval from the Pueblo City Council)
  • $6,856,000 loan from the City of Pueblo’s half-cent fund for economic development (contingent on approval from the Pueblo City Council) payable with interest over 10 years.

 

“We are honored to have great support from our customers and the Pueblo community, this support has enabled us the ability to continue to grow our business and we are very thankful for it.”  said Adam Carroll, of Big R Holdings Inc., ”The City of Pueblo, PEDCO, City Council and Pueblo Development Fund (PDF)  have been instrumental in several pieces of our growth over the last 7 years and continue to help with our growth over the next many years to come.”

 

“Big R is a success story that we are proud and honored to work with,” said Jeffrey C. Shaw, President/ CEO of PEDCO. “Big R continues to prosper and it is great to see them expand and employee so many of our great citizens of Pueblo.”

 

“As a community, we must have found a formula for success with a great workforce and incentives to not only attract  Big R here, but again assisting in this major expansion,” said Ron Francis, PEDCO Chairman of the Board.  “The great thing about expansion is that you know the company and their role within the community; Big R is a wonderful community partner.”

Vestas Announces expansion of its Pueblo facility

New Jobs in Pueblo!

Vestas announces expansion of its facility in Pueblo, CO

 

PUEBLO – Vestas, the world’s leader in wind energy will expand its manufacturing facility in Pueblo, CO.  Founded in 1898 as a blacksmith shop in western Denmark, Vestas started producing wind turbines in 1979, and have since gained a market-leading position with 76 GW of installed wind power and more than 63 GW under service globally.  Vestas has been manufacturing turbine towers in Pueblo, CO since 2009.  The facility in Pueblo is the largest tower manufacturing facility in the world.

Vestas made the announcement at 4:00 p.m. on Friday, September 23, 2016. Details of the project include:

  • Approximately $18.5 million in capital investment
  • 108 new full-time jobs to be in place by October 1, 2016
  • $2,484,000 from the City of Pueblo’s half-cent fund for economic development (contingent on approval from the Pueblo City Council)

“The Pueblo community has been a perfect match for Vestas Towers, not only is this location close to our final customers with good rail and road ways, but the knowledgeable workforce here make us a great company for this community,” said Anthony Knopp, Vice President of Vestas Towers Americas, Inc., “These are sustainable jobs we are creating, We think the future for wind energy is bright. In 2015, wind energy accounted for about 25 percent of new energy installations globally. The cost of wind energy varies regionally, but it’s coming down across the board for wind and is basically in the same price range as coal and gas in many markets. This development is fueling our continued growth here in Pueblo.”

“Vestas is a Pueblo success story that we are not only proud of, but humbled to work with,” said Jeffrey C. Shaw, President/CEO of PEDCO.   “Vestas is the worldwide leader in wind energy tony-jeffand we are thankful for its continued investment in this great community.”

“As a community, we must have found a formula for success with a great workforce and incentives to not only attract Vestas here 8 years ago but again assisting in this major expansion.,” said Ron Francis, PEDCO Chairman of the Board.  “We in PEDCO believe in manufacturing and are committed to manufacturing in Pueblo as we always like to say we are the Manufacturing Center of the Rockies.  This is our history and Vestas is helping write that history as well as shape our future.”

Manufactured stone maker to open 51-worker Pueblo factory

A manufactured stone veneer company plans to open a 51-worker regional factory at an existing building at the Pueblo Airport Industrial Park. Coronado Stone Products, founded in 1959 and based in Fontana, Calif., expects remodeling work to begin immediately with plans to open by early next year, company president Scott Ebersole said.

Read the full story on the Pueblo Chieftain Website.

Luxury bath and body products maker takes Pueblo incentives

formulary55-announcement2A small business can make a big difference.

The Pueblo Economic Development Corporation on Wednesday celebrated the expansion of one of those small local businesses — Formulary 55, a luxury, small bath and body products company.

Formulary will benefit from Pueblo City Council’s half-cent tax assistance program aimed at helping small businesses in Pueblo County.

The company’s owners, PEDCO officials, Pueblo City Council President Steve Nawrocki and Pueblo County Commissioner Terry Hart and others gathered Wednesday afternoon in the lobby of El Pueblo History Museum to celebrate the agreement. Formulary 55 received a $37,500 gift grant through the half-cent tax program.

Read more at the Pueblo Chieftain

PEDCO Names Hemp as One Of Three Target Industry Clusters

In a newspaper interview, PEDCO explains why Hemp has been identified as one of the strategic industry clusters that offer significant potential for economic growth.  The other two are Aerospace and Rail. Read the full story at the Pueblo Chieftain.

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