Longmont Economic Development Partnership

What Longmont Economic Development Partnership does

Longmont Economic Development Partnership (Longmont EDP) is a 501(c)(6) nonprofit organization founded in 1981 (originally as the Longmont Area Economic Council) and headquartered in Longmont, Colorado, USA. The organization leads a public/private partnership that combines the City of Longmont, Boulder County, Platte River Power Authority, St. Vrain Valley School District, and more than 120 private sector investors to drive business attraction, retention, and expansion across four target industry clusters: Aerospace, Bioscience, Food & Beverage, and IT Software & Hardware (with an emerging Semiconductor focus following its 2024 CHIPS Zone designation). Longmont EDP delivers site selection services, market research, incentive negotiation support, and property search through the Advance Longmont Center coworking facility at 1925 Pike Road, and operates programs including ELEVATE Longmont (business retention), Commercial Brokers of Longmont (CRE channel), and the Impact Exchange webinar series.

The organization monetizes through tiered annual investor memberships (APEX $20,000, SUMMIT $10,000, PEAK $5,000, CHAMPION $2,500, CATALYST $1,250, plus Commercial Broker and Affiliate tiers), public sector appropriations, ancillary coworking and event revenue, and qualifies as an Enterprise Zone Contribution Project offering 25% Colorado state income tax credits on qualifying contributions. It distributes through direct enterprise field sales, a commercial broker partner network, public-sector co-development, and a self-serve website property search portal, targeting corporate site selectors, primary employers, entrepreneurs, and industry-cluster companies.

Underlying assets leveraged (not owned) by Longmont EDP include Longmont's community-owned NextLight gigabit fiber network, the city's electric rates 19% below the Colorado state average, median home prices roughly half of Boulder city's, and a higher-education ecosystem of 50,000+ college students across six universities within 60 miles. Notable recent validated outcomes include Scythe Robotics' 394-job expansion and Stored Energy Systems' 314-job expansion (the latter yielding an estimated $300M+ annual regional economic benefit), with a 1-10 person professional team led since May 2025 by President & CEO Kelly Sage.

Name

Longmont Economic Development Partnership

Legal name

Longmont Area Economic Council

Website

https://longmont.org

Company type

Private

Founded year

1981

Operating status

Operating

Headcount range

1–10 employees

Short description

Longmont Economic Development Partnership is a 501(c)(6) nonprofit public/private partnership (founded 1981) that drives business attraction, retention, and expansion in Longmont, Colorado across Aerospace, Bioscience, Food & Beverage, and IT/Semiconductor clusters, serving corporate site selectors, primary employers, and entrepreneurs through investor-funded programs.

Ownership category

akta.pro rank

Product category

Economic Development Services

NAICS

Management of Companies and Enterprises (55)

SIC

Services-Membership Organizations (8600), Services-Facilities Support Management Services (8744)

akta.pro primary industry

Economic Development & Business Licensing (Local) (BPAIACAN)

Keywords

• Economic development services
• Business attraction and retention
• Site selection assistance
• Incentive program navigation
• Coworking and business support

Headquarters

HQ city

Longmont

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Marketing or Sales, Operations, Infrastructure, Others

Revenue model

1. Private Sector Investor Memberships: Annual investments from private sector businesses at multiple tiers: APEX ($20,000/year), SUMMIT ($10,000/year), PEAK ($5,000/year), CHAMPION ($2,500/year), CATALYST ($1,250/year). With each level, investing organizations receive 'Visibility, Impact, and Support' benefits package.
2. Public Sector Funding: Funding from public sector partners including City of Longmont, Boulder County, and Platte River Power Authority as economic development partners.
3. Enterprise Zone Contribution Project: As an Enterprise Zone Contribution Project, Longmont EDP investors earn a Colorado income tax credit equal to 25% of their total contribution (e.g., $10,000 contribution = $2,500 tax credit).

Pricing tiers

Go-to-market motion2 records

Distribution channels5 records

Marketing channels8 records

Core offering

Longmont Economic Development Partnership is a 501(c)(6) nonprofit that drives economic development for the City of Longmont, Colorado. It provides business attraction, retention, and expansion services, including site selection, property search, market research, incentive program administration (CHIPS Zone, Enterprise Zone, Opportunity Zone), the ELEVATE Longmont business retention program, an investor membership program, a coworking facility (Advance Longmont Center), and the Impact Exchange webinar series. Funding comes from public-sector partners and more than 120 private-sector investor businesses.

Product overview

Longmont Economic Development Partnership operates as a 501(c)(6) nonprofit organization offering economic development services rather than a traditional product-based company. The organization provides a suite of programs including the ELEVATE Longmont business retention program, Site Selection Services, Market Research Services, and property search assistance. Key incentive programs include the CHIPS Zone (semiconductor tax credits), Colorado Enterprise Zone, and Opportunity Zone. The organization also operates the Advance Longmont Center (coworking facility) and hosts the Impact Exchange webinar series. The services are funded through an investor program with multiple partnership tiers and serve as the gateway for businesses looking to relocate, expand, or start in Longmont, Colorado.

Differentiator

Problem solved

Functional benefit

Brands

• Advance Longmont 2.0: Economic development strategy focused on quality job creation and business investment
• ELEVATE Longmont
• Impact Exchange
• Advance Longmont Center

Products and services

• CHIPS Zone Program A state income tax credit program for semiconductor companies operating in designated zones within Longmont, providing incentives for hiring, equipment investment, and R&D.
• Colorado Enterprise Zone Program A state-funded program offering income tax credits to businesses in economically distressed areas, including investment credits, job training credits, and new employee credits. LEDP is an Active Contribution Project within the North Metro Enterprise Zone.
• Opportunity Zone Program Federal tax incentive program for investors to invest in low-income communities through favorable treatment of reinvested capital gains.
• ELEVATE Longmont Business Retention Program Business retention and expansion program featuring annual surveys, Executive Roundtable discussions, and State of Industry Reports to engage primary employers in Longmont.
• Site Selection Services Comprehensive site selection assistance for businesses including property search, data dashboards, and incentive navigation.
• Commercial Property Search Commercial property listing service connecting businesses with available industrial, office, and retail spaces in Longmont with downloadable brochures and specifications.
• Market Research Services Data-driven economic analysis services including economic and fiscal impact modeling, demographic data reporting, and talent availability analysis.
• Advance Longmont Center (Coworking & Meeting Facility) Coworking and meeting space facility offering hot desks, dedicated desks, board room, and training room rentals for Longmont's business and civic leaders, entrepreneurs, and innovators at 1925 Pike Road, Suite 202.
• Investor Membership Program Public-private partnership investment program with multiple annual tiers (APEX $20,000, SUMMIT $10,000, PEAK $5,000, CHAMPION $2,500, CATALYST $1,250) offering visibility, impact, support, and ASPIRE Leadership Council benefits. Contributions qualify for a 25% Colorado income tax credit.
• Commercial Brokers of Longmont (CBL) Networking Group Monthly networking group for commercial real estate professionals providing property listings, prospect activity sharing, and member benefits (Broker Membership $250/year, Affiliate Membership $350/year).
• Impact Exchange Webinar Series On-demand webinar series featuring business leaders and economic development professionals discussing strategies for sustainable economic growth, semiconductors, talent, and innovation in Longmont.
• Advance Longmont Economic Summit Annual economic summit featuring expert insights into Colorado's emerging technologies and business trends, with 8 guest speakers and the State of Industry report. Tickets priced at $45 each.

Quantifiable outcome

• Semiconductor companies bring over $200M in annual sales and 500+ jobs to Longmont
• +5 more outcomes

Named customers17 records

Segments7 records

Ideal customer profiles8 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature1 record

Partnerships

15 partnerships are on record, tiered flagship, core and minor.

• Colorado Office of Economic Development and International Trade (OEDIT)flagshipStrategic or Co-development Partner · 1 January 2024State agency providing business attraction, expansion, and recovery support. Coordinates CHIPS Zone, Enterprise Zone, Job Growth Tax Incentive, Strategic Fund Incentive, and Colorado FIRST training programs.
• Front Range Community College (FRCC)coreStrategic or Co-development Partner · 1 January 2024Largest community college in Colorado. FRCC's Longmont campus home to Center for Integrated Manufacturing. ~5,000 FRCC students transfer to Colorado universities annually.
• Colorado Economic Development CommissionflagshipStrategic or Co-development Partner · 1 January 2024Approved Longmont's CHIPS Zone designation. Coordinates performance-based Job Growth Incentive Tax Credit and Strategic Fund incentives for qualifying businesses.
• Colorado BioScience Association / Colorado Hub for Health ImpactcoreStrategic or Co-development Partner · 1 January 202422-partner campaign to elevate Colorado as America's epicenter of life science innovation. Longmont EDP is a partner representing Longmont's bioscience sector.
• Latino Chamber of Commerce of Boulder CountycoreStrategic or Co-development Partner · 1 January 2022Located at Advance Longmont Center. Promotes economic development, growth, and sustainability for members through access to business opportunities and developmental resources. 'Connecting Cultures and Communities through Business.'
• Rockies Venture ClubcoreStrategic or Co-development Partner · 1 January 2020Longest-running and largest angel investing group in Colorado. Partnership launched St. Vrain Angel Forum providing access to angel investment capital for Longmont entrepreneurs.
• EforAll (Entrepreneurship for All)coreStrategic or Co-development Partner · 1 January 2019Accelerator program supporting Longmont entrepreneurs with resources, help, guidance, and connections. Part of entrepreneurial ecosystem.
• Longmont Startup WeekminorStrategic or Co-development Partner · 1 January 2018Annual startup week event showcasing Longmont's entrepreneurial community and innovative spirit.
• City of LongmontflagshipStrategic or Co-development Partner · 1 January 1981Primary public sector partner and Apex investor. Governs Longmont through City Council and City Manager. Provides development fee rebates, personal property tax rebates, and primary employer incentives. Coordinates Priority Review for Economic Development Projects.
• Boulder CountyflagshipStrategic or Co-development Partner · 1 January 1981Public sector partner providing regional economic development support and alignment with county priorities.
• Platte River Power AuthoritycoreStrategic or Co-development Partner · 1 January 1981Public sector energy partner supporting utility infrastructure and economic development initiatives.
• St. Vrain Valley School DistrictcoreStrategic or Co-development Partner · 1 January 1981Educational partner supporting workforce development, STEM programs, and P-TECH pathways. Co-investor in Longmont EDP through SVVSD.
• Longmont Downtown Development AuthoritycoreStrategic or Co-development PartnerActive Contribution Project in North Metro Enterprise Zone. Supports downtown revitalization and economic development.
• TinkermillminorStrategic or Co-development PartnerActive Contribution Project in North Metro Enterprise Zone. Makerspace supporting local entrepreneurs and innovators.
• Pearl PromiseminorStrategic or Co-development PartnerActive Contribution Project in North Metro Enterprise Zone supporting economic development goals.

Scale indicators16 records

Recent moves8 records

Expansion highlights6 records

Broad incumbents

• Metro Denver Economic Development Corporation: Large regional economic development organization covering the broader Denver metro, including Boulder County. Operates a much wider portfolio of services, larger staff, and competes with Longmont EDP for major employer relocations in the same region.
• Colorado Springs Chamber & EDC: Combined chamber and economic development council serving Colorado Springs. Competes for the same aerospace and defense employers (Maxar, RedWire-type customers) and is part of Colorado's statewide economic development ecosystem alongside Longmont EDP.

Direct peers

• Fort Collins Area Chamber of Commerce: Regional chamber and economic development organization serving Fort Collins, another Front Range competitor for IT, bioscience, and semiconductor employers in Northern Colorado. Operates similar business retention/expansion programs.
• Invest Aurora: Municipal economic development organization serving Aurora, Illinois, with a comparable public-private funding model, business retention program, and target verticals (manufacturing, logistics, IT). Useful comparable for a small-city EDP in scale and operating model.
• Charlotte Regional Business Alliance: Regional economic development and chamber organization covering the Charlotte, NC metro, operating a similar employer-attraction, retention, and incentive-stacking playbook. Comparable in scope to a Front Range city EDP at a larger geographic scale.
• Broomfield Economic Development: City-and-county economic development function serving Broomfield, Colorado. Located between Boulder and Denver, it competes directly with Longmont EDP for IT, semiconductor, and bioscience employers in the same labor shed.
• Loveland Economic Development Partnership: City-level economic development organization serving Loveland, Colorado, also in the Front Range. Longmont EDP's new CEO Kelly Sage previously led Loveland's economic development efforts, making the two organizations directly comparable in employer recruitment and incentive programs.
• Boulder Chamber: Economic development and chamber organization serving Boulder, Colorado, directly adjacent to Longmont in Boulder County. Competes for the same employers, talent, and incentive negotiations in the Front Range aerospace, bioscience, and IT clusters.
• Upstate Colorado (NOCO EDC): Northern Colorado Economic Development Corporation serving Larimer and Weld counties including Loveland, Fort Collins, and Greeley. Direct regional peer where Kelly Sage previously served as a leader, with overlapping employer-recruitment scope in the same Front Range corridor.

Regional players

• Greater Cheyenne Chamber of Commerce / Cheyenne EDP: Economic development organization serving Cheyenne, Wyoming, just north of the Colorado border. Competes for the same Front Range spillover employers and talent pool that Longmont targets, particularly in IT and aerospace.

Market position

Strengths2 records

Competitive moat5 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/longmontedp
• Xx.com/longmontfdtn
• Facebookfacebook.com/advancelongmont

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Longmont Economic Development Partnership