Cheers,
Connie
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Date: Tue, Jul 10, 2012 at 9:15 AM
Subject: [Collectivenet] Digest Number 2978
Date: Tue, Jul 10, 2012 at 9:15 AM
Subject: [Collectivenet] Digest Number 2978
1 New Message
Digest #2978
| 1 Longmont area saw net gain of 136 primary jobs through Q2 by "Clark I Anderson" ciagetjob |
Tue Jul 10, 2012 5:36 am (PDT) . Posted by: "Clark I Anderson" ciagetjob
Longmont area saw net gain of 136 primary jobs through Q2
Experts: Troubles in the Euro zone are being felt locally
By Tony Kindelspire Longmont Times-Call
Posted: 07/09/2012 09:08:10 PM MDT
Updated: 07/09/2012 09:35:34 PM MDT
LONGMONT -- Although his company's Longmont site is new and he makes his
home in the high-tech hotbed of California's Bay Area, John Scaramuzzo is
intimately familiar with Longmont.
He's been connected to this city in some way or another for more than two
decades, he said Monday, including 10 years working for Maxtor and
Seagate.
Scaramuzzo today is president of SMART Storage Solutions, and on Monday he
and his staff hosted an open house at its new Longmont location.
"Longmont, itself, is the history of storage. ... Longmont was a
no-brainer," Scaramuzzo told a group of local dignitaries that included
Longmont City Council members and members of the Longmont Area Economic
Council's board of directors.
SMART Storage Solutions, which builds solid-state data storage devices, is
based in Newark, Calif., just across the San Francisco Bay from Palo Alto.
The Longmont office is the company's third R&D site, along with Boston and
Phoenix.
Just four employees work there today but it's likely two or three more
will be added in the next couple of months, according to lead researcher
and site manager LJ Herman. Ultimately, he hopes to hire a lot more
employees, Herman said.
"We're sized for a larger facility," Herman said of the location, recently
renovated by the landlord, Circle Capital, at 1880 Industrial Circle. "We
plan on growing."
SMART Storage Systems is one of 11 new companies that opened in Longmont
in the second quarter of this year. Those 11 companies added 140 jobs, and
37 existing companies added another 255 new jobs, helping Longmont finish
with a net gain of 136 primary jobs through the end of the second quarter.
Six businesses closed their operations in Longmont this year, resulting in
148 primary jobs lost, and 22 existing companies cut a total of 111 jobs.
As usual, the Longmont Area Economic Council's quarterly point-in-time
snapshot of the area's job numbers and commercial real estate market
reflects trends both positive and negative, according to John Cody,
president and CEO of the LAEC.
Certainly the net jobs increase, he told his board of directors at its
monthly meeting Monday, is a positive, as is the commercial vacancy rate.
Through the end of the second quarter, the vacancy rate in Longmont was
13.1 percent, compared with 17.7 percent for the same period a year ago.
The 1.1 million square feet of commercial space on the market in Longmont
is 28 percent less than at this time a year ago.
The one stat significantly down from last year was prospect activity,
particularly in the second quarter.
For the first half of the year, the report said, prospect activity is
about the same as last year: The LAEC worked with 29 prospects through
June 30, compared with 30 through the first half of 2011. But during the
second quarter this year, the LAEC worked with eight prospects, half the
number of a year ago.
"The only thing that I can tie that to is global financial conditions
impact business decisions," Cody said, referring to the instability in
Europe.
He said that if things ever stabilize in Europe it will make a big
difference in the behavior of American companies, particularly
multinational firms.
But Wendi Nafziger, the LAEC's vice president, also pointed out that
prospect activity tends to be slower in a presidential election year.
"Everybody's just kind of holding back," Nafziger said.
Keith Kanemoto, president of the LAEC's board of directors, is familiar
with working with prospects through his job as broker-associate with
Prudential Rocky Mountain Realtors.
"I think the quality of the prospects is still stronger than we've seen in
the past," Kanemoto said. And, he added, that aside from it being a
presidential election year and the troubles in Europe, and it's also the
summer months -- traditionally a slower time for commercial space.
As for the job numbers themselves, "I think the numbers indicate people's
generally positive outlook on the economy," Kanemoto said. "The local
economy -- it's improving."
Tony Kindelspire can be reached at 303-684-5291 or at
tkindelspire@times-call.com.
Clark Anderson
Experts: Troubles in the Euro zone are being felt locally
By Tony Kindelspire Longmont Times-Call
Posted: 07/09/2012 09:08:10 PM MDT
Updated: 07/09/2012 09:35:34 PM MDT
LONGMONT -- Although his company's Longmont site is new and he makes his
home in the high-tech hotbed of California's Bay Area, John Scaramuzzo is
intimately familiar with Longmont.
He's been connected to this city in some way or another for more than two
decades, he said Monday, including 10 years working for Maxtor and
Seagate.
Scaramuzzo today is president of SMART Storage Solutions, and on Monday he
and his staff hosted an open house at its new Longmont location.
"Longmont, itself, is the history of storage. ... Longmont was a
no-brainer," Scaramuzzo told a group of local dignitaries that included
Longmont City Council members and members of the Longmont Area Economic
Council's board of directors.
SMART Storage Solutions, which builds solid-state data storage devices, is
based in Newark, Calif., just across the San Francisco Bay from Palo Alto.
The Longmont office is the company's third R&D site, along with Boston and
Phoenix.
Just four employees work there today but it's likely two or three more
will be added in the next couple of months, according to lead researcher
and site manager LJ Herman. Ultimately, he hopes to hire a lot more
employees, Herman said.
"We're sized for a larger facility," Herman said of the location, recently
renovated by the landlord, Circle Capital, at 1880 Industrial Circle. "We
plan on growing."
SMART Storage Systems is one of 11 new companies that opened in Longmont
in the second quarter of this year. Those 11 companies added 140 jobs, and
37 existing companies added another 255 new jobs, helping Longmont finish
with a net gain of 136 primary jobs through the end of the second quarter.
Six businesses closed their operations in Longmont this year, resulting in
148 primary jobs lost, and 22 existing companies cut a total of 111 jobs.
As usual, the Longmont Area Economic Council's quarterly point-in-time
snapshot of the area's job numbers and commercial real estate market
reflects trends both positive and negative, according to John Cody,
president and CEO of the LAEC.
Certainly the net jobs increase, he told his board of directors at its
monthly meeting Monday, is a positive, as is the commercial vacancy rate.
Through the end of the second quarter, the vacancy rate in Longmont was
13.1 percent, compared with 17.7 percent for the same period a year ago.
The 1.1 million square feet of commercial space on the market in Longmont
is 28 percent less than at this time a year ago.
The one stat significantly down from last year was prospect activity,
particularly in the second quarter.
For the first half of the year, the report said, prospect activity is
about the same as last year: The LAEC worked with 29 prospects through
June 30, compared with 30 through the first half of 2011. But during the
second quarter this year, the LAEC worked with eight prospects, half the
number of a year ago.
"The only thing that I can tie that to is global financial conditions
impact business decisions," Cody said, referring to the instability in
Europe.
He said that if things ever stabilize in Europe it will make a big
difference in the behavior of American companies, particularly
multinational firms.
But Wendi Nafziger, the LAEC's vice president, also pointed out that
prospect activity tends to be slower in a presidential election year.
"Everybody's just kind of holding back," Nafziger said.
Keith Kanemoto, president of the LAEC's board of directors, is familiar
with working with prospects through his job as broker-associate with
Prudential Rocky Mountain Realtors.
"I think the quality of the prospects is still stronger than we've seen in
the past," Kanemoto said. And, he added, that aside from it being a
presidential election year and the troubles in Europe, and it's also the
summer months -- traditionally a slower time for commercial space.
As for the job numbers themselves, "I think the numbers indicate people's
generally positive outlook on the economy," Kanemoto said. "The local
economy -- it's improving."
Tony Kindelspire can be reached at 303-684-5291 or at
tkindelspire@times-call.com.
Clark Anderson
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