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Home My WebLink About20231922.tiffThe Weld County Population & Development Report Demographic Statistics and Trends for Weld County, Colorado Maintained in compliance with Section 22-1-20 of the Weld County Code Updated as of December 31, 2022 Reports o -I/ i2/23 2023-1922 Table of Contents Weld County Overview 3 Acreage & Climate 4 County Population Overview 5 Economic Overview 7 Transportation Overview 9 Real Estate & Housing 11 Development Trends (Unincorporated Area) 13 Oil and Gas 16 Weld County Small Business Incentive Plan (SBIP)17 Page 2 Weld County Overview Weld County is located on the Front Range in Northern Colorado between the Rocky Mountains and the Great Plains, approximately 40 miles east of the Continental Divide. The County ranges in elevation from approximately 4,400 feet above sea level on Pawnee Creek at the eastern edge of the County to approximately 6,200 feet at the Pawnee Buttes on the Pawnee National Grassland. The County has a number of valuable streams, creeks, and rivers including the Big Thompson, the Cache la Poudre, and the St. Vrain, all of which flow into the South Platte. These rivers facilitate a water system that delivers water to farmland throughout the County through some of the largest and most complex reservoir and irrigation systems in the world. The County consists of approximately 3,992 square miles and is the third largest in the state, making it also twice the size of the State of Delaware. Weld County is bounded on the west by Larimer and Boulder Counties, on the east by Morgan and Logan Counties, on the south by Adams and Broomfield Counties, and on the north by Laramie County, Wyoming, and Kimball County, Nebraska. The County seat and largest city in Weld County is the City of Greeley, located within an hour's drive of the majestic Rocky Mountains and six major municipalities including Denver, and home to the University of Northern Colorado. Photo: Jennifer Finch Page 3 Acreage & Climate Municipal Boundaries in Weld County Acreage Town U nincorporated Weld County Ault Berthoud* Brighton* Dacono Eaton Erie* Evans Firestone Fort Lupton Frederick Garden City Gilcrest Greeley Grover Hudson Johnstown* Keenesburg Kersey LaSalle Lochbuie Longmont* Mead Milliken N ew Raymer N orthglenn* N unn P ierce P latteville S everance Thornton* Timnath* Windsor* 2020 2,415,796 1,083 3,790 1,559 5,639 2,018 9,480 6,755 9,178 8,059 9,733 73 518 31,205 382 3,836 5,362 4,833 1,313 616 2,234 3,589 8,813 8,209 502 624 2,536 1,176 1,988 5,836 8 657 13,312 2021 2,412,041 1,101 3,790 1,559 5,639 2,018 9,480 6,758 9,179 8,346 9,804 73 518 31,655 382 3,840 5,947 5,912 1,447 630 2,234 3,589 9,716 8,209 502 624 2,536 1,176 1,999 5,856 8 657 13,487 2022 2,410, 753 1,101 3,790 1,559 5,641 2,018 9,480 7,041 9,327 8,370 9,804 73 518 31,655 382 3,840 6,313 5,972 1,447 630 2,234 3,728 9,717 8,368 502 624 2,536 1,178 1,999 5,873 8 657 13,575 * Multi -County Places (acres within Weld County only) N umbers include right-of-way. (Source: Weld County GIS) Average Temperature July: 76.5°F January: 31.2°F (Source: NOAA/NWS for Greeley, CO) Average Annual First & Last Precipitation Average Frost 14.94" May 6 October 8 Average Growing Season 143 days 412073 NatvnarOPNC4Ocatty ;ias 4 Page 4 County Population Overview The US Census Bureau estimates 350,176 people lived in Weld County as of July 1, 2022, which represents 6% of the total state population of 5,839,926. Among the 64 counties in Colorado, Weld County ranks eighth in total population. Between 2010 and 2020, the County population grew by over 30%, the second fastest growing county in the state by percentage, and an average annual increase of 3%. The state as a whole grew by 14.8% over the decade. The population of Weld County increased by 76,129, the fifth fastest growing county by numbers. For the population under the age of 18, Weld County ranks seventh and was the fastest growing county by far both in numbers and by percentage for the decade. In 2022, the State Demography Office again revised its projections for future population growth downward. Weld County's population in 2050 is now projected to be 610,563, down from nearly 710,000 in previous projections. Weld County Population 700,000 600,000 500,000 400,000 300,000 200,000 100,000 • 0 1960 1970 1980 1990 2000 2010 2020 2030 2040 2050 2060 Page 5 Weld County Population, Births, Deaths, and Migration Year Population Births Minus Deaths Net Migration Total Change % Change 1970 90,033 1980 123,564 10,924 22,607 33,531 37.2% 1990 131,981 14,094 -5,677 8,417 6.8% 2000 183,074 14,832 36,261 51,093 38.7% 2010 254,230 25,299 45,857 71,156 38.9% 2020 331,282 23,754 53,200 76,954 30.3% 2021 340,133 2,166 6,685 8,851 2.67% 2022 345,152 2,019 3,000 5,019 1.48% (Source: State Demography Office) Weld County Projected Population Year Population Average Annual % 2025 370,053 2.2% 2030 423,760 2.7% 2035 474,906 2.3% 2040 522,680 1.9% 2045 567,928 1.7% 2050 610,563 1.5% (Source: State Demography Office) Population Characteristics: 2020 Census Weld County % of total Colorado % of total Under 18 87,148 26.5% 3,602,251 21.9% 18+ 241,833 73.5% 744,581 78.1% (Source: State Demography Office) Weld County was the fasting growing county in Colorado between 2010 and 2020 for the population under 18. The number of children in Weld County increased by 23.8% (16,747) compared to just 3.1% (38,529) for the state as a whole. Weld County's increase represents 43.5% of the state's total increase in children over the decade. Weld County Municipal Populations 1980 1990 2000 2010 2020 2022"* Ault 1,056 1,107 1,432 1,525 1,885 2,236 Berthoud* 16 63 261 258 Brighton* 17 154 347 365 360 Dacono 2,321 2,228 3,015 4,181 6,344 6,458 Eaton 1,932 1,959 2,690 4,384 5,848 5,925 Erie 1,231 1,244 2,009 9,882 17,621 19,278 Evans 5,063 5,877 9,514 18,651 22,216 22,931 Firestone 1,204 1,358 1,908 10,249 16,666 18,046 Fort Lupton 4,251 5,159 6,787 7,454 7,980 8,865 Frederick 855 988 2,467 8,735 14,702 16,536 Garden City 123 199 357 235 254 255 Gilcrest 1,025 1,084 1,162 1,038 1,028 1,019 Greeley 53,006 60,454 76,930 93,262 109,141 110,217 Grover 158 135 153 138 157 155 Hudson 698 918 1,565 2,370 1,652 1,635 Johnstown 1,535 1,579 3,827 9,445 12,576 12,701 Keenesburg 541 570 855 1,131 1,251 2,072 Kersey 913 908 1,389 1,459 1,494 1,476 LaSalle 1,929 1,803 1,849 1,967 2,357 2,329 Lochbuie 895 1,168 2,049 4,806 8,189 8,111 Longmont* 24 33 1,297 1,282 Mead 356 456 2,017 3,440 4,777 6,261 Milliken 1,506 1,605 2,888 5,634 8,455 9,038 Northglenn* 12 12 25 25 Nunn 295 324 471 418 504 527 Pierce 878 823 884 837 1,096 1,093 Platteville 1,662 1,515 2,370 2,499 2,952 2,917 Raymer 80 98 91 96 110 111 Severance 102 106 597 3,204 8,032 10,760 Thornton* Timnath* 5 8 Windsor* 4,277 5,062 9,612 14,171 25,479 29,971 Uninc. Weld 35,542 33,001 41,832 42,564 46,563 47,350 All Weld County 123,438 131,821 180,936 254,230 ' 331,282 350,206 % uninc. 28.8% 25.0% 23.1% 16.7% 14.1% 13.5% * Multi -County Places (figures above are within Weld County only) " Draft estimates (Source: State Demography Office) Page 6 Economic Overview Weld County is the most agriculturally productive county in the state according the USDA Census of Agriculture. Weld County's total commodity sales were over $2 billion in 2017, the year of the most recent Census of Agriculture, which is more than twice the next highest county in the state (Yuma) and over one -quarter the state's overall value. Agricultural Production 1997 2002 2007 2012 2017 Change 2012 to 2017 # of Weld farms/ranches 3,142 3,121 3,921 3,525 4,062 15.2% # of Colo. farms/ranches 30,197 31,369 37,054 36,180 38,893 7.5% Weld % of state 10.4% 9.9% 10.6% 9.7% 10.4% Weld acres of cropland 883,623 878,101 987,892 850,179 922,979 8.6% Colo. acres of cropland 10,787,080 11,530,700 11,483,936 10,649,747 11,056,259 3.8% Weld % of state 8.2% 7.6% 8.6% 8.0% 8.3% Weld irrigated acres 397,752 326,494 327,836 299,892 323,436 7.9% Colo. irrigated acres 3,374,233 2,590,654 2,867,957 2,516,785 2,761,173 9.7% Weld % of state 11.8% 12.6% 11.4% 11.9% 11.7% Weld commodities total $1,289,479,000 $1,127,854,000 $1,539,072,000 $1,860,718,000 $2,047,177,000 10.0% Colo. commodities total $4,553,732,000 $4,525,196,000 $6,061,134,000 $7,780,874,000 $7,491,702,000 -3.7% Weld % of state 28.3% 24.9% 25.4% 23.9% 27.3% (Source: USDA Agricultural Census, figures not adjusted for inflation) Economic Development Weld County has identified four internal driving sources for future economic growth: I. Energy Resources A. Mining B. Wind- and solar -powered energy C. Greenhouse emission innovations D. Biogas E. Water recycling (oil and gas) II. Open Entrepreneurship Marketplace A. No County sale tax B. Hispanic businesses C. Telecommunications/fiber optics D. Professional and business services E. The self-employed F. Unmet market opportunities G. Incubators (firms, universities, and linking networks) H. Home -based businesses III. Growth A. High growth rate B. Healthy, growing, young labor force C. Attractiveness for retirees IV. Location A. 1 of 12 counties along the "Front Range Megapolitan," the confluence of two or more major metro areas. B. Proximity to Denver International Airport, Rocky Mountains, and Denver metro area C. Two interstates (I-25 and I-76), two US highways (US 85, US 34), state highways, and County Road 49 (considered a county highway) to facilitate growth and transportation D. Northern Front Range cities, the University of Northern Colorado, and Aims Community College Page 7 Per Capita Personal Income Weld County Employment by Sector Year Weld County Change Colorado Change 2010 $33,509 $40,689 2011 $35,565 6.14% $43,575 7.03% 2012 $37,350 5.02% $45,669 4.52% 2013 $39,194 4.94% $47,311 3.89% 2014 $42,833 9.28% $50,711 7.16% 2015 $44,485 3.86% $52,254 3.04% 2016 $44,072 -0.93% $52,475 0.10% 2017 $44,764 1.57% $55,604 5.46% 2018 $48,129 7.52% $58,896 5.80% 2019 $50,117 4.13% $61,157 6.28% 2020 $52,354 4.46% $65,358 5.21% 2021 $56,553 8.02% $70,706 8.18% (Source: Bureau of Economic Analysis, US Department of Commerce) Unemployment Rates Year Weld County Colorado 2010 9.2% 8.7% 2011 8.6% 8.4% 2012 7.8% 7.9% 2013 6.6% 6.9% 2014 4.5% 5.0% 2015 3.8% 3.9% 2016 3.3% 3.3% 2017 2.5% 2.6% 2018 2.8% 3.0% 2019 2.4% 2.6% 2020 6.6% 6.9% 2021 5.7% 5.4% 2022 3.2% 3.0% (Source: Bureau of Labor Statistics, US Department of Labor) Sector 2010 2020 Change 2021 Change Total Jobs 104,982 138,527 32.0% 140,531 1.4% Agriculture 6,006 6,187 3.0% 6,232 0.7% Mining 3,339 5,918 77.2% 4,889 -17.4% Utilities 266 451 69.5% 466 3.3% Construction 9,169 15,010 63.7% 15,022 0.1% Manufacturing 10,614 14,291 34.6% 13,658 -4.4% Wholesale trade 3,547 4,718 33.0% 4,758 0.8% Retail Trade 9,410 12,879 36.9% 13,212 2.6% Transportation & warehousing 3,132 5,741 83.3% 6,087 6.0% Information 1,081 811 -25.0% 793 -2.2% Finance activities 3,952 3,806 -3.7% 3,751 -1.4% Real estate 2,997 4,177 39.4% 4,259 2.0% Professional, scientific/technical services 4,167 6,558 57.4% 6,939 5.8% Management of companies, enterprises 1,112 1,976 77.7% 1,876 -5.1% Administrative support & waste management 5,289 7,788 47.2% 7,972 2.4% Education 908 1,896 108.8% 1,994 5.2% Health Services 9,290 11,061 19.1% 11,494 3.9% Arts, entertainment & recreation 1,526 1,907 25.0% 2,208 15.8% Accommodation & food services 6,011 8,094 34.7% 8,814 8.9% Other services, except public administration 6,627 7,419 12.0% 8,176 10.2% Government 16,539 17,839 7.9% 17,931 0.5% (Source: State Demography Office) Page 8 Transportation Overview Interstate 1-25, US 85, and Weld County Road 49 provide for north/south transit up and down the Front Range corridor. US 34 and State Highways 14, 52, and 392 facilitate east/west transit. 1-76 provides for broader east/west travel. The highway and road system in the County is managed by the Colorado Department of Transportation, the County, and the 32 municipalities, with the County maintaining 2,906 miles of publicly maintained county roads. The total amount of County -maintained roads decreases as roads are annexed to municipalities. County Roads 2020 Miles 2021 Miles Change 2022 Miles Change Paved 748 747 -0.13% 752 0.01% Gravel 2,158 2,148 -0.46% 2,134 -0.01% Total County Maintained 2,906 2,895 -0.38% 2,886 0% (Source: Weld County Department of Public Works) In addition, there are currently 471 miles of State Highway system roads maintained by CDOT. State Highway system roads Interstate Miles 65 Arterial Freeway/Expressway Principal Arterial Minor Arterial 57 225 57 Major Collector Minor Collector 64 3 Total 471 (Source: Weld County GIS) Page 9 County Road Cross Reference f.T' .n- • •M'-1 a . t51.f r •••••• la • 0. ••. . A .• • '5 a af.VAI C at n. a - r 14 na a al SS alb r 41 •A. I* � 4 II. 'MPIti w ire re a A/ la IL •tr uI C' 'AI I.! AM alt to a' 'J• M M -Ails •: s t-. -a ,, I:• . •• • •••" ;.1 '. • /••. I • ,a . 44•11.".'. •. .n .. ta t, • • ;n•, • !µU-••. alt ”V 'N a . .44 -4 AV. a •4 I-'4 1n- I' V .•. « a' r•♦ 1- •I ru II 4 /.••1 U It at Rr• •* - _ •.1..• r ar t I• ,tr Y •R +.V rn t) r *APM h .n•* r • •1 • r•• all 1 a +aM •aN .4• -MV Jr. tIt b• it +n • INMr1 •1,11 ova.. . • 4. II LS� +Ala was ...a.. .'.•1 n •a. • •A/ t LL ..•• A. -'n0 ,,.es"I in •ar ,A� J•I •L•4 Y ••••• ar as to r4•i..••/ n I. •n •1 I•r.•• .'A. •. •••a4•• Cr -• tuN.• NM••IY • •••Iprl• •A/•, &WI •• -• %n '• Ibep•I•r a .AI. I. r t. CO* •a. 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COOL - 1• • -.- us- •T•.- ear AP. • • E. •yhMa'41 • �t • • la • r_ 115 H • • 4 • I 'atM•I .. K -.meant N N N1 100 1i /R aM MI I'll MOM woo. I. M 720011 a • • • •aa n • 1. S.--•iM[rt I • ! • -_-_ • • • • I • .J T ••-•--•••..-+'o• f 2222._. • L.114."hHtfi' 1 • • F 1 I• 2 - - L— .antler-• 'Willi • i 0 4s, N a1 a r Si ftit N at U R a. M /1 q 71i/! M 41 n 01 v a /I I) a 24000 J00011 sAdams.tounty.0 a u a1 a 11 III 1 a r -• t H1- _sr' •lip- /Wr".•-r•.. IY - / r in In --S It1'-- /•T -tN 3 , • • l , .11t Is I s .-020 Y .•t•Y- - raw • a NNW 377 u1 Ili III oft 147 tr1 Ml lee I-aa.rr• • • •avr a f 0 •II I,♦ • I • ,441•.1 / - - . I • • . I I I • • • . S . • 7 j !. I I • • • -_ rasa I l a•..••4. •I In An • ft up sft aft ITT WIMP Jo Sits ft* : 1 le 00 Via 'lie al el reel14000 arfatIgnift 424•Ililitft II' Is NI). Illi•Olle‘lilti. 4 4411X :falba aria In al lit "1-44.11, • rears pi) ft* eta net It ICC% Wirer Cr •Mi Una SIPS i • 5 'flee IIa 10 MI �t 1 fir;.; HO Oa m MVO N1 la erica • r.., aera; P - •. • �. ..•ata•.r • • •yta as• - - • High way County Road (Paved) County Road (Gravels Municipal Road (Paved) Municipal Road i Graven National Gnasslands State Wildlife Area Experimental Range 10 Val 420 • • • Ss • • it) 41711110 T 41000 MOOD ba fly Ng ill 61 SU ICI te 0 0 O Weld County Roads AprIl 202: • WA War Greeley Area ale M/S Washington County, CO Page 10 Real Estate & Housing Weld County median prices in 2022 Detached houses: $494,500 Townhouses or other attached units: $351,000 In 2 -unit structures: $399,000 In 3 -to -4 -unit structures: $497,500 In 5 -or -more -unit structures: $1,525,000 Manufactured homes: $360,000 (Source: Sears Real Estate) Single -Family Home Sales — 2016-2022 East/North: Nunn, Grover, New Raymer # Sold/Annual Median Increase in Price 2016 28/5257,219 +35% 2017 24/5292,000 +14% 2018 29/5300,000 +3% 2019 33/5305,000 I2% 2020 34/5357,750 +17% 2021 45/5450,000 +26% 2022 31/5536,000 +19% Central/West: Ault, Eaton, Evans, Greeley, Gilcrest, LaSalle, Johnstown, Milliken, Kersey, Pierce, Severance, Windsor # Sold/Annual Median Increase in Price 2016 3,716/5275,989 +13% 2017 3,538/5305,000 +11% 2018 4,047/5330,000 +8% 2019 4,209/5344,364 +4% 2020 4,831/5367,000 +7% 2021 5,133/5430,000 +17% 2022 3,419/5475,000 +10% South: Platteville, Firestone, Frederick, Dacono, Erie, Fort Lupton, Hudson, Keenesburg # Sold/Annual Median Increase in Price 2016 1,042/5350,000 +8% 2017 1,095/5383,000 +9% 2018 1,081/$402,900 +5% 2019 1,209/5415,000 +3% 2020 2,500/5445,000 +10% 2021 2,219/$515,000 +13% 2022 1 1,639/5600,000 +17% Page 11 Housing & Households Weld County Housing Units 2000 2010 2017 2018 2019 2020 2021 66,194 96,281 110,496 112,857 116,710 119,962 125,028 Total Housing Units Occupied Housing Units 63,247 89,349 108,073 110,000 114,605 113,995 117,908 Vacant Housing Units 2,947 6,932 2,423 1,857 2,105 5,967 7,120 Vacancy Rate 4.5% 7.2% 2.2% 1.6% 1.8% 5% 5.7% ource: Colorado Demography Office) Foreclosures in Weld County Year 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 Foreclosures 1,500 2,073 2,869 2,824 3,354 2,757 1,919 1,579 820 602 427 411 362 375 334 116 61 453 (Source: Weld County Public Trustee) 4,000 3,500 3,000 2,500 2,000 1,500 1,000 500 0 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 Page 12 Development Trends (Unincorporated Area) The number of Planning cases submitted dropped again in 2022 and the number of building permits for new homes was down as well (page 15). In July, 2021, the County's subdivision regulations were changed to allow partial vacations of Recorded Exemption lots. This allows the removed lots to be split into 35 -acre lots, which does not require County review or approval. In 2022, approximately 70 vacation applications were processed. Vacations are not included in the data below for number of Planning cases processed. Planning Cases by Year 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 Planning Cases 344 562 573 593 783 887 842 560 438 375 Planning Commission Hearing Cases 70 98 94 80 74 118 106 46 41 61 BOA Hearing Cases 2 0 2 2 2 3 2 5 10 3 Pre -application Meetings 223 308 267 270 282 334 300 225 330 276 Walk-in's 1,231 1,302 1,315 1,549 1,618 1,167 1,014 940 Number of Lots Approved through Recorded Exemptions by Year 2013 2014 2015 2016 2017 2018 2019 2020* 2021 2022 Number of Lots 207 228 288 323 367 413 435 373 NA NA *As of October 21, 2020, Recorded Exemption applications were no longer accepted. Number of Lots Approved through Family Farm Divisions by Year 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 Number of Lots NA NA NA NA NA NA NA NA 42 46 Number of Lots Approved through Subdivisions by Year excludin outlots1 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022* Number of Lots 6 28 30 14 15 62 22 13 0 6 *Includes Rural Land Divisions (Ag zoned). Page 13 2022 Case Types Change of Zone 13 Family Farm Division 20 Flood Hazard Development Permit 56 Flood Permit 30 Lot Line Adjustment 41 Minor Subdivision (Sketch or Final) 1 N onconforming Use 4 Probable Cause -Show Cause 21 P UD (Sketch, Zoning, or Final) 7 Resubdivision 6 Rural Land Division (Sketch or Final) 3 Site Plan Review 15 U se by Special Review 29 Zoning Permits 100 Other 29 Total 375 ZP, 26.7% 1022 Case Types Other, 7,7% RLD, 0.8% CO7, % 3.5 FED, 5.3% PCSC, 5.6% W'= MS, 0.3% NCU, 1.1% PUD, 1.9% RS, 1.6% Page 14 Number of Building Permits by Type by Year 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 New Single - Family Homes 98 160 169 140 143 170 157 125 158 124 Manufactured Homes 102 130 198 160 174 190 155 139 132 96 Oil& Gas 829 900 495 383 312 443 371 256 203 254 Ag Exempt 142 186 174 213 231 235 242 246 242 238 Other 1,280 1,298 1,283 1,329 1,398 1,492 1,394 1,550 1,530 1,451 Total 2,451 2,674 2,319 2,225 2,258 2,530 2,425 2,265 2,265 2,163 Total Valuation $365M $783M $462M $298M $358M $584M $606M $233M $320M $250M 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 Inspections 18,155 23,052 26,328 24,467 23,474 24,063 25,733 27,498 28,082 28,369 Plan Reviews 1,849 2,153 2,045 1,895 2,118 2,363 2,242 2,060 2,125 1,967 Walk-ins 4,971 4,264 5,553 5,709 5,789 6,271 6,355 7,340 Page 15 Oil and Gas Crude oil prices spiked after the Russian invasion of Ukraine in February, 2022, but ended the year close to where they began. The number of cases of Weld Oil and Gas Location Assessments (WOGLAs) rose in 2022. Note that these are the number of cases, not the number of wells. One case may contain multiple wells. Weld Oil and Gas Location Assessments (WOGLAs) by Year Year 2017 2018 2019 2020 2021 2022 Number of Cases 115 193 218 56 21 28 Page 16 Weld County Small Business Incentive Plan (SBIP) FUNDING OVERVIEW 0-9 employees: Fees between $2,500 - $25,000 County max: S20,000 Applicant portion: $2,500 + am amount above $25,000 10-15 employees: Fees between $2,500 - 135,000 County max: S30,000 Applicant portion $2,500 + am- amount above $35,000 lo -35 employees: Fee: between $2,500 - $45,000 Counts- mar $40,000 Applicant portion 12,500 + any amount above $45,000 Example 1 S10,000 total fees assessed and 5 employees Applicant would par $2,500 and Counts- would grant S-',500 Example 2: $40,000 total fees assessed and 14 employees. Applicant would par $2,500+$7,500=S10,000 and County would grant $30,000 Example 3: S80,000 total fees assessed and 25 employees Applicant would par $2,500+$37,500=S40,000 and County would grant $40,000 Funds shall be distributed on a first -come flattened bans. _411 aptilrcatronu are confidential and at the full discretion of the read Count) Board of County Commissioners. Applicants must be a properly on riser or be a tenant (nth u ntten permission from the building owner) operating a retail, commercial or industrial business as defined and permitted under the Weld Count) Code. _-lpplieant must be current on all Count) taxes prior to reeer:Ong funds. The Weld County Board of Count, Comrnisnoners or its designee has sole authority to determine the eligibt lt•, of proposed busmen; If sou have questions or :, ould like further is forrnahon, please contact the Planning Senrces Director at 970-353-6100, ext All "liquifies :ire kept strictly confidential. Total Funds Awarded (since 2014) $368,663 Weld County Small Business Incentive Program Weld County has established a Small Business Incentive Program (BIP) which will provide eligible businesses financial assistance to offset land use, building permit, and several impact fees. The program is designed to reduce upfront capital outlay for small businesses located in unincorporated Weld County. WHO CAN APPLY? Any business owner or tenant located in unincorporated Weld County that meets the eligibility requirements. WHAT ARE THE ELIGIBILITY REQUIREMENTS? • The subject real property must be located within the County (the "Property"). • The business shall hire at least fifty (50) percent of their new workforce from Weld County. For the purpose of this application a full-time employee works a minimum of 32 hours per week. The business may have a combination of part-time employees that is the equivalent of at least one (1) full-time employee. • The applicant must be the record owner(s) of the Property or a tenant. • The business must have been undertaken after the date of the adoption of this policy. • This program shall only apply to businesses with 35 or fewer employees at the time of submitting an application. WHAT CAN BE DONE WITH THESE FUNDS? The intent of these funds is to offer financial assistance to small businesses that want to operate in Weld County. The financial assistance helps reduce the business's land use application fees, building permit fees, and impact fees. Fees incurred by the business that are not eligible for funds include consultant and attorney fees, on -site and off -site bonding, collateral requirements, etc. Page 17 Resources: U.S. Census Bureau Bureau of Labor Statistics Bureau of Economic Analysis Colorado Demography Office Colorado Department of Local Affairs Colorado Department of Labor and Employment Weld County Planning Services Weld County GIS Weld County Public Works Weld County Oil and Gas Energy Department National Center for Veterans Analysis and Statistics Upstate Colorado Economic Development Sears Real Estate U.S. Department of Agriculture National Oceanic and Atmospheric Administration/National Weather Service Page 18 Hello