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    AEDC Reports Record-Breaking 2017 Results

    February 1, 2018
    AURORA, Colo. – The Aurora Economic Development Council (AEDC), a public private partnership representing the City of Aurora and Adams and Arapahoe Counties in Colorado, today shared its 2017 results and a look at 2018 and the economic vitality of the eastern metro area.  AEDC reported a record-breaking year for primary job creation that drove hundreds of millions in capital investment through the company’s projects in 2017.  AEDC’s mission is to enhance economic strength through the attraction, retention, and growth of primary employers - companies that export most of their products and services outside the local economy, injecting external funds into the community.
     
    “Last year, we brought in a record-breaking 2,500 plus primary jobs that added quality, diverse employment opportunities for our workforce.  That doesn’t include the significant ripple effect in secondary job creation from our activity.   Our 11 deals drove nearly $290 million in capital investment into our community,” said Wendy Mitchell, President and CEO of AEDC.  “This means we are not only creating jobs, but we are adding to the tax base which funds things like infrastructure and schools.  We always keep in mind the end benefits for the community to ensure we pick the right deals to pursue. Yes, we’ve seen some hesitation around economic development incentives.  But only one in five of our projects receives any incentives, and the benefits far outweigh the performance-based tax credits we offer.”
     
    Among AEDC’s deals last year are Amazon’s one million square foot fulfillment center, UPS’ new hub facility, and companies in the aerospace and defense, bioscience, food distribution, and manufacturing industries.  Mitchell said, “We treat small deals the same as large ones.  But we’re seeing Aurora get more attention than ever before, especially from Fortune 50 companies. Having anchors like Amazon helps market Aurora to the world.” Thanks to transformational influencers including the Gaylord Rockies Resort and Convention Center, the aerotropolis, frequent additions of new international flights at DEN, and Aurora’s new light rail line connecting to the entire metro area, Aurora’s future is changing.  “In general, the perception of Aurora is shifting to the City being the perfect place to do business,” Mitchell said. 
     
    AEDC reports that it sees no sign of a slowdown this year and its pipeline remains full.  Mitchell said there are several key trends to watch in 2018.  “Of course there is Amazon HQ2, which we are in the running for.   Relationships with international companies that want to expand in the states are growing quickly, and the aerotropolis will only increase Aurora’s presence on the global stage.  Also, the commercial market and developer interest remain hot.  More industrial space in the City has been developed than the entire rest of the metro area combined (4.6 million square feet in the past 18 months) with an additional 1.5 million square feet slated for 2018.  Development of Class A office space in Aurora is certainly on our radar, as there are the hundreds of acres of shovel ready land for transit-oriented development. Four projects are currently underway on the R Line with more planned.” 
     
    Aurora’s educated workforce, access to transportation corridors, and plenty of available land to develop, all position the community for positive growth.  “We work to drive economic vitality in our community and be the visionaries who take the City to the next level.  Economic development is a team sport and we couldn’t be successful without all of our community partners in ensuring Aurora is the best business address in the west.”
    About Aurora Economic Development Council
    A partnership between business and government for more than three decades, the Aurora Economic Development Council champions Colorado’s most promising growth industries including aerospace and defense, bioscience, transportation logistics and energy, positioning Aurora and Colorado to win new jobs in an intensely competitive market. We create new primary jobs through innovative deal creation, strategic partnerships, and by advocating for economically sustainable public policy. The Aurora Economic Development Council is a private, not-for-profit 501(c)(6) corporation comprised of the leading 100 companies in the Aurora/Denver metro area, the city of Aurora, and Adams and Arapahoe Counties. A-List, Colorado’s premier business event of the metro area that brings together 2,000 regional business, political and civic leaders to celebrate the economic successes of the region, is produced by the Aurora Economic Development Council. For more information on the Aurora Economic Development Council, visit www.auroraedc.com.