We find ourselves in the middle of one of the greatest wealth transfer periods of all time. Those with wealth must decide whether they want to make transfers, and if they do, they must decide how much, to whom, when and in what structure?
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Loveland Economic Development Director Betsey Hale said employees of the company told her it plans to move to Denver later this year.
The move would follow the company’s recent decision to drop plans to relocate from Loveland to Timnath. Groundbreaking on the facility in Timnath was supposed to take place in early March.
But Eldon James CEO Marcia Coulson said the company’s production capacity could not come online quickly enough under the project build-out timeline in Timnath. She said last week that Eldon James was evaluating other sites in Colorado, but did not specify whether the company would stay in Northern Colorado.
Eldon James had planned to continue using its facilities in Loveland as it relocated its headquarters to Timnath, though Coulson said eventually everything could end up under one roof.
It was unclear Friday what a move to Denver meant for the company’s Loveland operations.
Coulson did not immediately return phone calls seeking comment.