NCEDC turning over assets to Northern Colorado Economic Alliance

LOVELAND — Directors of the Northern Colorado Economic Development Corp. announced Tuesday that the organization will turn over its resources to the recently established, privately funded Northern Colorado Economic Alliance.

“We’re facing an evolving, highly competitive national and global environment for attracting quality new primary jobs,” Paul Mueller, NCEDC’s board chairman, said in a prepared statement. “The combined support for economic development marketing from businesses and public organizations in the Northern Colorado region, which includes Larimer and Weld counties, will be much greater than each county was able to assemble individually.”

In September, BizWest reported that the public-private NCEDC had shut down its operations in Loveland and was determining how to dissolve its assets. NCEA’s interim chief executive, Rocky Scott, told BizWest that the assets would include just less than $100,000 in cash, plus some office equipment, supplies, files and some website collateral.

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The NCEA was formed by business leaders in Larimer and Weld counties, including Tom Gendren, chief executive of Woodward Inc. in Fort Collins, and auto dealer Scott Ehrlich in Greeley, to establish one brand for Northern Colorado, mainly Larimer and Weld counties, and work with site selectors to attract new businesses to the region.

The NCEDC was formed in 2000 through the consolidation of the Fort Collins Economic Development Corp. and the Loveland Economic Development Council.

During its 15 years of operation, the NCEDC provided a forum for Loveland and Fort Collins to collaboratively work the “big picture” for Larimer County economic development, according to the statement, which said the organization assisted in bringing more than 5,000 primary jobs for the citizens of Larimer County, along with millions of dollars of associated tax base, made possible by new investments, to fund programs and infrastructure which serve the entire region.