Business Journal: From the Commerce City Economic Development Director Brittany Morris

In October, we unveiled the first edition of the Economic Development newsletter and our Twitter page – www.twitter.com/CommerceCityED. We hosted a series of five focus groups among representatives from our five target industries. Our goal is to gain insight from the local business community on how we can best market Commerce City. We also received some great coverage in The Denver Post about the Commerce City incentive package.

This month we also launched “Operation Food Network.” It’s your chance to share your personal stories about the difficulties of not having a grocery store nearby. We’re encouraging citizens from the northern part of the city to send us your stories, which we will compile to make our case even stronger for attracting a grocer. Why?

We already have the quantitative data to support the attraction of a grocery store – including the fact that $59 million of annual grocery sales are lost to storefronts in neighboring cities every year. We also need qualitative data to strengthen our "sell." We believe this human side of the story needs to be told to prospective grocers – to make sure they are keenly aware of the eager consumers who will be loyal customers.

The deadline for submittal is Monday, Nov. 29. Stories may be submitted via e-mail to c3ed@c3gov.com.

Thanks for staying tuned in to what is going on with the Commerce City economy! As always, feel free to contact us at c3ed@c3gov.com with any questions or concerns.

Best wishes,

Brittany Morris
Commerce City Economic Development Director

Commerce City State of Economics, a Matter of Leakage

According to the recent Retail Coach Report, existing retailers cannot meet the demand of the city’s growing population. The residents of Commerce City are shopping and spending their money in other cities and that is what is known as “leakage”.

How bad is the leakage in Commerce City? It is around $300,000,000 annually. It is time for the city to try and recoup its losses.

This Retail Coach Report is with the Economic Development team in Las Vegas at the ICSC (International Conference of Shopping Centers) to show potential businesses what opportunities are available right here inside the city.

The following is the breakdown of leakage dollars flowing out of the city annually:

$43,000,000 in General Merchandise
$91,000,000 in Radios, TVs and Computers
$19,000,000 in Home Furnishings
$88,000,000 in Eating Places
$59,000,000 in Groceries

According to the Twitter Updates from the team in Las Vegas, all is going well and it is the “Agreement Commerce City is where the growth will happen when the market rebounds…”. Also, “The retail leakage data has been powerful.”

Lets Move Some Dirt in C Town!!!

Commerce City Economic Development Responds to the Commerce City development and business community with the 2010 Incentive Package.

According to Commerce City: "The incentive program was created to: Positively impact all facets of the Commerce City economy; Create jobs and encourage existing businesses to make capital investments; Spur new office, industrial, and residential development and growth; and, Create new retail opportunities that cause the reduction in retail leakage. The package addresses the top incentive needs and desires identified by the Commerce City development and business community."

Incentive Package has deals for everyone including Existing Business, Prospective Business, New Retailer, Existing Retailer, Home builder, Homeowner, Green Businesses and Green Building Practices and Projects of Economic Development Significance.

For FULL Details of the 2010 Incentive Program CLICK HERE

Prairie Gateway re-branded to Victory Crossing {Commerce City}

Commerce City "We need to be sure that we are not left behind in ED..."

From the Commerce City Economic Development Director Brittany Morris

Commerce City State of Economics, a Matter of Leakage

Lets Move Some Dirt in C Town!!!