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Home My WebLink AboutMemo - Mail Packet - 1/17/2023 - Memorandum From Jillian Fresa Re: 2023 Council Business Guide Economic Health Office 222 LaPorte Avenue PO Box 580 Fort Collins, CO 80522 970.416.2164 fcgov.com/business MEMORANDUM DATE: January 5, 2023 TO: Mayor and City Councilmembers THROUGH: Kelly DiMartino, City Manager Tyler Marr, Deputy City Manager SeonAh Kendall, Economic Health Director FROM: Jillian Fresa, Lead Economic Sustainability Specialist RE: 2023 Council Business Guide PURPOSE: The purpose of this memorandum is to provide Fort Collins City Council with an updated Council Business Guide (“Guide”) and request feedback for future improvements. BACKGROUND: In July 2019, the Economic Health Office (“EHO”) first created the Council Guide to support City Council’s understanding of the local economic and business ecosystem within the City of Fort Collins. This high- level overview of the City and each Council district provides foundational data on jobs, business activity, and other economic indicators. City Council can utilize the guide to further build upon their knowledge of Fort Collins' expansive and diverse business community. Requesting feedback: EHO is seeking City Council’s feedback on the 2023 guides to ensure the information provided is useful, and to understand other areas of interest and opportunity that Council would like to see included in the future. Please provide any feedback to Sarah Kane at skane@fcgov.com, who will share with EHO staff. DocuSign Envelope ID: 2F5CE34D-9FC7-4342-96DF-6D61050E07F5 City Council BUSINESS GUIDE A business engagement guide & local economic overview Konjo Ethiopian Coffee This Page Left Blank Intentionally COUNCIL BUSINESS GUIDES i 1 2 3-7 TABLE OF CONTENTS Letter from City Manager and Mayor Engagement Guide Economic Health Office Directory City Economic Summary & Recovery District Profiles – what’s happening in your district? 8 9 District 1, Councilmember Susan Gutowsky District 2, Councilmember Julie Pignataro District 3, Councilmember Tricia Canonico 10 11 12 District 4, Councilmember Shirley Peel District 5, Councilmember Kelly Ohlson District 6, Councilmember/Mayor Pro Tem Emily Francis 13 Maps of Special Districts 14-18 City of Fort Collins • City Council Business Engagement Resource Kit • Table of Contents Jerry’s Artarama, Small Business Season Los Comales, Economic Development Week FoCo DoCo, Pride Month Colorado Cutz, Business Appreciation Celebration This Page Left Blank Intentionally INTRODUCTION I am pleased to present to you the 2023 City Council Business Guides. Understanding the local economy is essential to fostering growth and stability for both community members and the business community. Virtually all Fort Collins businesses were impacted by the pandemic in some way. The type and degree of impact has varied by business size, industry, and other characteristics. After over two years of operating in a pandemic, businesses continue to navigate a complex economy of supply chain delays and shortages, inflation, public health orders, new COVID-19 variants, and employee changes and shortages. These guides begin with an engagement section that offers tips and best practices for visiting and engaging with local business owners and managers. It also shares the opportunities and processes to initiate Councilmember business visits, including assistance from the Economic Health Office ("EHO") staff. Included is a high-level, citywide overview of jobs, sectors, and business demographics within each of the community's six Council districts. Proactively supporting the retention and expansion of existing businesses is a fundamental function of EHO. The guides also present some real-life challenges that the local business community is currently facing, especially as we move forward from the pandemic. Information gleaned from this tool is meant to enhance the City's understanding of our local economy to prepare and support a more resilient Fort Collins. Sincerely, <�t.M� Kelly DiMartino, City Manager This Page Left Blank Intentionally ENGAGING WITH BUSINESSES BIG & SMALL An opportunity to engage: listen, ask questions, and share resources! HOW TO ENGAGE: •Attend a scheduled business visit with Mayor, City Manager, or EHO •Attend industry specific events and other networking opportunities •Have a specific business in mind? Ask EHO if they could help make an introduction COMMON QUETIONS TO ASK BUSINESSES: •How is business? •What are some challenges you’re still facing from the pandemic? •What are some of the things that keep you up at night? •What can the City do better to help your business? •What is the City doing well that helps your business? •What key issues facing the business community should the City address? SHARE RESOURCES & FOLLOW UP: Share resources as ForFortCollins.com where businesses can access: •A business resource library •Featured business stories •E-newsletter (in English & Spanish) Multicultural Business & Entrepreneur Center (MBEC) •A free resource providing bilingual Spanish and English support to aspiring or established entrepreneurs. •Walk-in’s are welcomed, appointments are suggested and can be made at fcgov.com/business/mbec Encourage the business to engage and continue communications with the City’s Business Support Team at business@fcgov.com WHAT’S NEXT? EHO is interested in hearing how the conversation went, any themes City staff should be aware of, and feedback on how to improve future visits. City of Fort Collins • City Council Business Guide • Engagement Guide 1 Need a conversation starter? Flip to page 3 to understand some of the challenges and topics relevant to businesses. Don’t know an answer to a question when meeting with a business? EHO staff can help provide follow up if requested. MEET THE ECONOMIC HEALTH OFFICE Working as the City’s business liaisons, connectors, and supporters! SeonAh Kendall Economic Health Director skendall@fcgov.com 970-416-2164 Jillian Fresa Lead Economic Specialist -Workforce & Talent -Sector Partnerships jfresa@fcgov.com Shannon Hein Small Business Program Manager -Small/Main Street Business shein@fcgov.com Ashley Kailburn Senior Economic Specialist akailburn@fcgov.com TBD Senior Economic Specialist Michael Bussmann Capital Project Business Liaison mbussman@fcgov.com Edgar Ramos Multicultural Business & Entrepreneur Center (MBEC) Bilingual Business Connector eramos@fcgov.com Katie Geiger Multicultural Business & Entrepreneur CEnter (MBEC) Business Connector kgeiger@fcgov.com Tommy Meritt Multicultural Business & Entrepreneur CEnter (MBEC) Bilingual Business Connector tmeritt@fcgov.com HOW TO CONNECT WITH EHO: EHO staff can be contacted through Sarah Kane, at skane@fcgov.com, who can also assist with scheduling a business visit. City of Fort Collins • City Council Business Guide • Engagement Guide 2 FORT COLLINS ECONOMIC PROFILE TOP 10 EMPLOYERS IN FORT COLLINS Colorado State University . . . . . . . . . . . . . . . .8,100 UC Health . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .6,500 Poudre School District . . . . . . . . . . . . . . . . . . .4,600 Larimer County . . . . . . . . . . . . . . . . . . . . . . . . .2,100 City of Fort Collins . . . . . . . . . . . . . . . . . . . . . .2,000 Broadcom . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .1,200 Woodward . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .1,100 Otter Products . . . . . . . . . . . . . . . . . . . . . . . . . . .900 Tolmar . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .800 Dillon Companies (all King Soopers) . . . . . . .800 Source: U .S . Bureau of Labor Statistics (BLS); Quarterly Census Employment and Wages (QCEW), Q1, 2022 Map: Locations with largest number of employees are depicted for employers with multiple locations . HARMONY TRILBYLEMAY TIMEBERLINETAFT HILLOVERLANDCOLLEGESHEILDSHORSETOOTH DRAKE MULBERRY PROSPECT VINE WILLOX Poudre R-1 School District Poudre Valley Hospital City of Fort Collins Broadcom (Avago Technologies) Woodward, Inc King SoopersMarketplace Otter Products Tolmar Colorado State University Larimer County TOP 5 INDUSTRIES BY ESTABLISHMENT Industry Number of Establishments Professional, Scientific, and Technical Services 1800 Health Care and Social Assistance 850 Construction 700 Services (except Public Administration)650 Real Estate and Rental and Leasing 500 TOP 5 INDUSTRIES BY EMPLOYMENT Industry Number Employed Health Care and Social Assistance 17,000 Educational Services 14,500 Retail Trade 10,600 Accommodation and Food Services 9,700 Manufacturing 9,400 FEDERAL LABS HARMONY TRILBYLEMAY TIMEBERLINETAFT HILLOVERLANDCOLLEGESHEILDSHORSETOOTH DRAKE MULBERRY PROSPECT VINE WILLOX U.S. CDC, Division of Vector Borne Diseases Infectious Disease Research Center USDA, Agricultural Research Service USGS, Fort Collins Science Center USDA, National Wildlife Research Center NOAA, Cooperative Institute for Research in the Atmosphere (CIRA) U.S. Forest Service Rocky Mountain Research Station There are five federally funded scientific research laboratories along with two partner institutes with Colorado State University in Fort Collins . These federal labs generate renowned knowledge in many areas, including natural resource management, climate change, forestry, agriculture, bioscience, and others . 3 TOP OCCUPATIONS In raw numbers, the most prevalent occupations are as follows: Occupation Number Employed Median Yearly Wage Office and Administrative Support 18,600 $38,420 Sales and Related Occupations 18,300 $35,680 Food Preparation and Serving Related Occupations 15,400 $29,430 Healthcare Practitioners and Technical Occupations 10,600 $77,890 Business and Financial Operations Occupations 10,500 $74,980 The location quotient gives the occupations that are comparatively more prevalent in Fort Collins than in other places in the U .S . While the raw number of individuals in these occupations may be smaller than the numbers in other metro areas, they make up a greater proportion of the workforce in Fort Collins . The occupations with the greatest location quotients are: Occupation Location Quotient Number Employed Median Yearly Wage Conservation Scientists 24 .84*640 $75,210 Atmospheric and Space Scientists 21 .87 210 $101,750 Computer Hardware Engineers 16 .29 1,360 $130,850 Animal Scientists 10 .24 30 $48,330 Soil and Plant Scientists 9 .25 160 $61,780 * A location quotient of 24 .84 means that the proportion of the Fort Collins workforce made up of Conservation Scientists is 24 .84 times larger than the proportion of the US workforce made up of Conservation Scientists . ECONOMIC RECOVERY ENVIRONMENTAL RESILIENCETHEME 4: THEME 3: ECONOMIC RECOVERY “While we have been fortunate to get support through emergency relief dollars, these dollars have not covered both the loss of revenue through fundraising eorts and the increased costs of operating due to COVID-19 restrictions and being open all day to support youth during remote learning.” - COMMUNITY MEMBER “[The pandemic] has put all in new context; especially environmental health, with a serious pulmonary virus spreading amidst high AQI readings. Neighborhood developments that are disconnected from the rest of the city make the inequality and isolation of the pandemic even harder to cope with.” - COMMUNITY MEMBER Commit to environmental justice and resilience in pursuit of our climate, zero waste, energy, water and other sustainability goals. OUTCOME 4a. and COMMUNITY PARKS NEIGHBORHOOD-LED NEIG HBORHOODfor COMMUNITY MEMBERS. WORKSHO P S MINIMIZEIM P A C T S Resilient infrastructure is reliable and aordable. Open space and healthy ecosystems are resilient, protected and accessible. NATURAL AREAS OUTCOME 4b.TR A N SPOR T A T I ONACCESS TO PARKSand OPEN SPACE OUTCOME 4c. EFFICIENT INDOOR SPACES WATER and ELECTRIC INFRASTRUCTURE. OUTCOME 3a. Small businesses, creatives and nonproﬁts have the resources they need to thrive. INCLUDING CREATIVES. SUPPORT DIVERSE BUSINESSES Safe and stable employment, current and future. OUTCOME 3b.OUTCOME 3c. PARTNERSHIPS THAT DEVELOP THE WORKFORCE BUSINESSES NEED and FLEXIBLE WORK ENVIRONMENTS Equitable and aordable childcare is accessible.CHILD C A RES O L UTIONSand ADDRESS THE COMPOUNDING CHALLENGES FACING THE CHILDCARE INDUSTRY and LOCAL WORKFORCE. 4 ECONOMIC RECOVERY BY INDUSTRY INFLATION VS THE BUSINESS-OWNER In January 2022, the Consumer Price Index (CPI) reported an estimated inflation rate of about 7 .5% . While that number reflects the inflation rate for the average consumer, the Producer Price Index (PPI) reported the estimated inflation rate for the average producer at 9 .7% . Below is the inflation rate of various goods and services used by businesses, producers, and manufacturers . -15% -10% -5% 0% 5% 10% 15%Mining and LoggingLeisure and hospitatlityOther servicesGovernmentEducation and health servicesUtilitiesWholesale tradeManufacturingConstructionFinancial ActivitiesInformationRetail tradeProfessional and business activitiesTransportation and warehousingPercent relative to February 2020 emplpyment levelThe Industry with the strongest recovery has been Transportation and Warehousing with an employment level 12% higher than its February 2020 levels . The slowest industry to recover have been Leisure & Hospitality and Mining & Logging, both of which have less than 95% of the employment numbers than they had in February 2020 . Source: Bureau of Labor Statistics, Council of Economic Advisers calculations . LABOR FORCE AND EMPLOYMENT Unemployment Rate The unemployment rate is often used as an indicator in recovery, however it only paints part of the picture; the size of the labor force is also important . During the pandemic, millions of people left the workforce entirely . Unemployment figures that match pre-pandemic levels will not capture whether or not these individuals have returned, and thus are not necessarily indicative of full recovery . PPI Values The values at right were last updated January 2022 according to the Bureau of Labor Statistics . Estimates reflect a 12-month scope . Overall Producer Inflation 9 .7% Goods 13 .7% Food 12 .8% Energy 28 .8% Goods less food and energy 9 .4% Shipping 23 .3% Services 7 .7% Transportation and Warehousing 15 .7% Trade Services 13 .3% Services less trade, transport and warehousing 4 .4% Other Business Cost Changes Average Rent 9% 2012 2014 2016 2018 2020 2022 15 10 5 US Colorado Fort Collins 5 These plots depict the monthly reports of labor force numbers . As shown below, the labor force in Fort Collins and in Colorado have reached pre-covid numbers . The US labor force is still short of it’s pre-covid levels . It is important to note that similar labor force numbers does not necessarily indicate that the workforce looks the same . These numbers do not capture part-time vs full-time jobs, underemployment, real wage, or whether people are even in the same field as they were before . 190,000 200,000 210,000 220,000 20222021202020192018 Fort Collins Labor Force 202220212020201920183.00 3.06 3.12 3.18 3.24 MillionsColorado Labor Force 20222021202020192018155.0 157.5 160.0 162.5 165.0 MillionsU.S. Labor Force 22-24256 | Auxiliary aids and services are available for persons with disabilities . 6 Did you know? The 2022 Fort Collins Small Business Recovery Grant awarded a total of $820,500 to 159 Fort Collins businesses. Fort Collins City Overview Konjo Coffee 2022 Small Business Season Feature Konjo, meaning “beautiful, tasty and good” in Amharic, serves traditional Ethiopian coffee and even hosts coffee ceremonies on Saturday mornings. For owner Hirut Crusan, coffee is a passion that is rooted in hard work from her childhood. Hirut remembers late fall weekends at the family coffee farm, picking coffee berries to be washed, hauling bags for miles from the farm to her home and drying and hulling the coffee for her family neighbors. Taste generations of tradition and connection in each cup! Read the full story at forfortcollins.com/stories. 6,052 Number of Business Establishments 55% Businesses older than 5 years 85,034 Number of Jobs Top 3 Industries by Employment: Top 3 Employers: Legacy Businesses: Health Care and Social Assistance: 15,190 Colorado State University 8,100 Fort Collins Area Chamber of Commerce: est. 1904 Educational Services: 15,100 UC Health: 6,500 Silver Grill Cafe: est. 1933 Accommodation and Food Services: 9,720 Poudre School District: 4,600 Deli Works: est. 1979 Source: U.S. Bureau of Labor Statistics (BLS); Quarterly Census Employment and Wages (QCEW), Q1, 2022 City of Fort Collins • City Council Business Guide • City Overview 7 Did you know? Businesses older than 5 years old are more likely to be financially stable. District Profile 1 – Councilmember Susan Gutowsky Joe’s Auto Upholstery 2021 Hispanic Heritage Month Business Feature Richard Cienfuegos (shown right) shares the history of one of the first Latino businesses in Fort Collins and the legacy of his father Joe (shown left), the man behind Joe’s Auto Upholstery. Started over 70 years ago, Joe’s Auto Upholstery stands as one of the longest-running Latino-owned businesses in Fort Collins. Excerpt from interview with Richard, “We lived in “The Colonia,” [which] was a smaller neighborhood over here that the Great Western Sugar Company had for the laborers…A lot of good people lived there. They were mostly migrant workers, all Latinos.” Read the full interview at forfortcollins.com/stories. 1,105 59% 22,450 Number of Business Establishments Businesses older than 5 years Number of Jobs Top 3 Industries by Employment: Top 3 Employers: Legacy Businesses: Health Care and Social Assistance: 8,120 UC Health: 5,700 Bath Garden Center: est. 1972 Manufacturing: 3,650 Larimer County: 2,100 Canyon Concert Ballet: est. 1983 Public Administration: 2,310 Woodward: 1,100 Young's Vietnamese Cafe: est. 1989 Source: U.S. Bureau of Labor Statistics (BLS); Quarterly Census Employment and Wages (QCEW), Q1, 2022 City of Fort Collins • City Council Business Guide • District 1 Profile 8 GID BID URA/DDA TIF EZ OZ Did you know? FC's largest companies (219 companies with 50+ employees) account for 60% of all jobs. District Profile 2 – Councilmember Julie Pignataro Heritage & Bloom 2022 Women’s Heritage Month Feature Allison Song is the owner and designer behind the small batch accessories brand, Heritage & Bloom. Heritage & Bloom was created in 2020 as a way for Allison to intersect her passion for handmade accessories and exploration of her cultural heritage. Primarily sold online but carried in 5 local shops in Old Town. Read the full interview at forfortcollins.com/stories. 1,542 64% 16,290 Number of Business Establishments Businesses older than 5 years Number of Jobs Top 3 Industries by Employment: Top 3 Employers: Legacy Businesses: Retail Trade: 3,980 Broadcom: 1,200 Accommodation and Food Services: 2,880 HP: 500 Outpost Sunsport: est. 1975 Professional, Scientific, Technical Services: 1,590 Madwire: 400 Brown’s Shoe Fit Co: est. 1966 Source: U.S. Bureau of Labor Statistics (BLS); Quarterly Census Employment and Wages (QCEW), Q1, 2022 City of Fort Collins • City Council Business Guide • District Profile 2 9 GID BID URA/DDA TIF EZ OZ Sather's Jewelers: est. 1910 Did you know? 96% of businesses in Fort Collins are considered "small" with 50 or less employees. District Profile 3 – Councilmember Tricia Canonico The Taco Stop 2020 For Fort Collins Ambassador Husband and wife, Berenice Longoria & César Lopez first started the Taco Stop as a taco cart in Old Town serving authentic Mexican tacos. In 2020 they opened a full-service restaurant and bar on South College. In 2020 the Taco Stop became a For Fort Collins Ambassador, promoting the campaign’s ‘support local’ message, while also sharing critical business information and resources with other businesses in Fort Collins during the pandemic. In return for their support as a business ambassador, they received a complimentary marketing audit from a local marketing firm. Read the full interview at forfortcollins.com/ambassadors. 847 55% 7,600 Number of Business Establishments Businesses older than 5 years Number of Jobs Top 3 Industries by Employment: Top 3 Employers: Legacy Businesses: Health Care and Social Assistance: 2,020 UC Health: 700 Flood & Peterson: est. 1958 Accommodation and Food Service: 890 Intel: 300 Respite Care: est. 1982 Manufacturing: 810 Cornerstone Home Lending: 200 MacKenzie's Pub & Grill: est. 1989 Source: U.S. Bureau of Labor Statistics (BLS); Quarterly Census Employment and Wages (QCEW), Q1, 2022 City of Fort Collins • City Council Business Guide • District Profile 3 10 GID BID URA/DDA TIF EZ OZ Did you know? EHO launched the Multicultural Business & Entrepreneur Center (MBEC) in April 2022 and it has helped nearly 30 businesses launch. District Profile 4 – Councilmember Shirley Peel Magpies Market Boutique 2019 Small Business Season Feature Amy Koepsell is a boutique and crafting classroom, they believe in providing an inclusive, shame-free environment. The boutique offers creative gifts, also supporting local artisans. Magpies offers many arts and crafts classes throughout the year for all ages and abilities. They also host a monthly, online auction, offering an assortment of curated vintage furniture and items. 773 63% 4,520 Number of Business Establishments Businesses older than 5 years Number of Jobs Top 3 Industries by Employment: Top 3 Employers: Legacy Businesses: Retail Trade: 880 Front Range Community College: 5,700 Sherwin Williams: est. 1955 Health Care and Social Assistance: 840 Foothills Gateway: 2,100 Light Center: est. 197272 Educational Services: 830 Dellenbach Chevrolet: 1,100 Markley Motors: est. 1959 Source: U.S. Bureau of Labor Statistics (BLS); Quarterly Census Employment and Wages (QCEW), Q1, 2022 City of Fort Collins • City Council Business Guide • District Profile 4 11 GID BID URA/DDA TIF EZ OZ Did you know? People of color represent about 40% of the nation’s population, but account for just 20% of business owners. District Profile 5 – Councilmember Kelly Ohlson Mountainside Events 2021 Economic Development Week Feature & Small Business Assistance Program (SBAP) Recipient Mountainside Events is a LGBTQ+-owned wedding and event planning company serving the entire state of Colorado. Owner, Taylor Strope, is Fort Collins born and raised and works closely with other local vendors. Mountainside Events’ mission is to work with all couples regardless of their religion, race, or sexual orientation and environment welcoming to all. 730 61% 15,560 Number of Business Establishments Businesses older than 5 years Number of Jobs Top 3 Industries by Employment: Top 3 Employers: Legacy Businesses: Educational Services: 8,330 Colorado State University: 8,100 Dillon Companies (King Soopers): est. 1957 Accommodation and Food Services: 1,530 Tolmar: 800 Mountain Kids Gym: est. 1976 Health Care and Social Assistance: 1,400 Department of Treasury: 300 Paul Chet Hair Salon: est. 1990 Source: U.S. Bureau of Labor Statistics (BLS); Quarterly Census Employment and Wages (QCEW), Q1, 2022 City of Fort Collins • City Council Business Guide • District Profile 5 12 GID BID URA/DDA TIF EZ OZ Did you know? Nation-wide 50% of new businesses continue past 5 years. District Profile 6 – Councilmember/Mayor Pro Tem Emily Francis Artesanias y Mas 2021 For Fort Collins Business Feature Artesanias y Mas is a local, family-owned business, selling Mexican handmade crafts, ice cream and treats, while offering check cashing, money transfers, tax services at their shop next-door on North College. For Fort Collins also supported Artesanias y Mas with a photography session of their food items to help them get menu photos on the Nosh NoCo platform after the City partnered with the local food delivery app in 2020 (reducing commission rates for Fort Collins restaurants). Read the full interview at forfortcollins.com/stories. 1,060 64% 16,810 Number of Business Establishments Businesses older than 5 years Number of Jobs Top 3 Industries by Employment: Top 3 Employers: Legacy Businesses: Educational Services: 4,930 Poudre School District: 4,600 City Drug: est. 1873 Accommodation and Food Services: 2,530 City of Fort Collins: 2,000 Bohlender Funeral Chapel: est. 1962 Public Administration: 2,170 Otter Products: 900 The Cupboard: est. 1972 Source: U.S. Bureau of Labor Statistics (BLS); Quarterly Census Employment and Wages (QCEW), Q1, 2022 City of Fort Collins • City Council Business Guide • District Profile 6 13 GID BID URA/DDA TIF EZ OZ Fort Collins General Improvement District (GID) The City of Fort Collins Downtown (GID) is a tax district formed by property owners in 1976 for the purpose of funding parking, pedestrian, and street beautification improvements. See the map below for the specific Downtown GID boundaries. The GID receives revenues primarily from a mill levy set by City Council members acting as the Governing Board. The mill levy has remained at 4.94 mils since 1992. The GID receives other revenues from a share of vehicle registration tax, and interest on the fund balance. The GID is managed by City staff, and City Council sits as the governing Board. Examples of past projects include College Avenue corner plazas, medians, and street trees; Oak Street Plaza with its fountains; Linden Street streetscape; recent sidewalk replacements; and on a smaller scale, the sidewalk bike dismount signs and decals. Learn more about the GID at fcgov.com/business/gid. City of Fort Collins • City Council Business Engagement Resource Kit • Special Districts 14 Fort Collins Urban Renewal Authority (URA) The Fort Collins Urban Renewal Authority eliminates blight by catalyzing projects and accelerating investments that would not otherwise happen, thereby creating improvements with lasting value through tax increment financing. Learn more about the URA at renewfortcollins.com or contact Redevelopment Manager Clay Frickey at cfrickey@fcgov.com. URBAN RENEWAL AUTHORITY – FOOTHILLS MALL DISTRICT City of Fort Collins • City Council Business Engagement Resource Kit • Special Districts City of Fort Collins • City Council Business Engagement Resource Kit • Special Districts 15 URBAN RENEWAL AUTHORITY – NORTH COLLEGE DISTRICT URBAN RENEWAL AUTHORITY – PROSPECT SOUTH DISTRICT City of Fort Collins • City Council Business Engagement Resource Kit • Special Districts 16 Midtown Business Improvement District (BID) The Midtown Business Improvement District (BID) was established in 2017 to support Midtown commercial property owners and businesses in collectively planning, funding, and implementing projects and programs. The BID is a special taxing district that utilizes its funding to support investments in three areas: •Midtown Promotion, Management and Business Support •Midtown Branding, Marketing and Activation •Midtown Placemaking and Maintenance Learn more about the Midtown BID at midtownfc.org City of Fort Collins • City Council Business Engagement Resource Kit • Special Districts 17 Special Tax Credit Zones ENTERPRISE ZONE – FORT COLLINS AREA Colorado’s Enterprise Zone Program is designed to spur economic and community development in targeted geographies around the state. Private businesses located within an Enterprise Zone may qualify for incentives related to business investment, company expansion, and/or new business relocation. Learn more about Enterprise Zones at larimer.org/ewd/business/expand-your-business/enterprise-zone. City of Fort Collins • City Council Business Engagement Resource Kit • Special Districts 18