Economic Development Community Profile 2022

COMMUNITY PROFILE 2022 Fou nd e d: 1882 I ncor p or a te d: 1890

P O PU L AT I O N

40,350

L A R I M E R CO U N T Y 3 59, 0 6 6 W E L D CO U N T Y 3 2 8 ,9 81

41

MEDIAN AGE

19,676

20,869

21,982

22,674

23,640

25,687

28,226

31,719

34,214

36,697

40,350

P O PU L AT I O N BY Y E A R

2011

2012

2013

2014

2015

2016

2017

2018

2019

2020

2021

E D U C AT I O N AT TA I N M E N T

7.11% AV E R AG E Y E A R LY G R OW T H R AT E S I N C E 2 011

H I G H E R E D U C AT I O N E N R O L L M E N T

Colorado State University / 32,908

H I G H S C H O O L G R A D UAT E - 9 7. 3 %

University of Northern Colorado / 10,348 B AC H ELO R ’ S D EG R EE - 4 5 . 2 %

Front Range Community College / 18,703 G R A D UAT E D EG R EE - 16 . 4%

HOUSING

AIMS Community College / 6,940

8 2 .7 %

H O U S E H O L D I N CO M E

13,400 UNITS

$103,933

8 2 .7% O W N ER O CC U PI ED

1.9%

MEDIAN

VACANCY

17. 3 % R EN T ER O CC U PI ED

MEDIAN

AVERAGE E L E C T E D O F F I C I A L S TO P S T R AT E G I C PL A N PR I O R I T I E S

H O M E SA L E S

$530,597

$125,427

35

MEDIAN DAYS ON MARKET

St r a t e g i c G r o w t h Sustainable Infrastruc ture V i b r a n t a n d H e a l t h y Ec o n o m y

* Sources: ESRI, Town of Windsor, RedFin, Direct Source

W O R K F O R C E P O PU L AT I O N

TO P E M PLOY E R S

17,981 To t a l E l i g i b l e A g e 16 a n d O v e r

69 % 5

%

We l d R E4 Sc h oo l D i s t r ic t

IN LABOR FORCE

T h e Wa te r Va l l ey C o

UNEMPLOYMENT RATE

TO P I N D U S T R I E S

Educational Services & Healthcare

22.8%

Professional, Scientific & Technical

12%

Manufacturing

Tolmar

11.0%

Retail Trade

8.7%

Construction

Vestas Blades

8%

Finance, Insurance & Real Estate

8.4%

Other

OwensIllinois

36.6%

SIZE

S I T E O PP O R T U N I T Y F O R CO M M E R C I A L D E V E LO PM E N T

7,000

27.0

SQUARE MILES

AVAILABLE ACRES

13 BUSINESS PARKS

3 COMMERCIAL AREAS

Created by Kero from the Noun Project

INFR ASTRUC TURE

Created by iconsmind.com from the Noun Project

AIR

Created by Yaroslav Samoylov from the Noun Project

RAIL

TRUCK

Denver International

Great Western Railway

I-25 Created by Andrew Fortnum

Northern Colorado Regional

Burlington Northern Sante Fe Railway (BNSF)

Highway 392

Greeley-Weld County

nion Pacific

ailroa

Cheyenne Regional

from the Noun Project

Highway 257 Highway 34

G OV E R N M E N T For m of Gover nment:

Boards & Commissions:

Colorado Home Rule Minicipality;

Town Board; Planning Commission; Board of Adjustment;

Board-Manager

Parks, Recreation & Culture Advisory Board; Historic Preservation; Water & Sewer Board; Tree Board; and Housing Authority

W i n d s o r Ec o n o m i c D e v e l o p m e n t .c o m | 9 70 - 674 -24 8 8

TA X E S

43

31

no.

St a t e Re v e n u e per Capita

no.

St a t e & L o c a l C o r p o r a t e I n c o m e Ta x C o l l e c t i o n s per Capita

7.65 %

C o m b i n e d St a t e a n d L o c a l S a l e s Ta x R a t e s Larimer Count y

6.85 %

C o m b i n e d St a t e a n d L o c a l S a l e s Ta x R a t e s We l d C o u n t y

C o l o r a d o r e m a i n s a p o p u l a r p l a c e t o d o b u s i n e s s d u e t o l o w e r t a x e s . We l d C o u n t y h a s b e e n a b l e t o m a i n t a i n a r e a l e s t a t e property tax level that is signif icantly lower than the surrounding areas due to extensive oil & gas activities.

R E TA I L SA L E S TA X

2 .9 %

STATE CORPORATE & PERSONAL INCOME TAX IS

Colorado

0%

We l d C o u n t y

4.55

%

OF FEDERAL TAXABLE INCOME

0. 8 %

Larimer Count y

I n v e n t o r i e s , G o o d s i n Tr a n s i t , a n d I n t a n g i b l e s a r e N O T TA X E D i n C o l o r a d o a n d t h e r e i s N O F R A N C H I S E TA X .

3.95% To w n

PR O PE R T Y TA X E S

29 ASSESSMENT RATE

%

Industrial or commercial proper t y (buildings, land and equipment) is assessed a t 2 9 % o f m a r ke t v a l u e.

The state does not lev y a p r o p e r t y t a x ; h o w e v e r, counties do via tax distric t s and mill levies.

How do mill levies work?

The mill lev y represent s the d o l l a r s l e v i e d f o r e a c h $1, 0 0 0 o f a s s e s s e d v a l u e. F o r e x a m p l e, with a mill lev y of 95.0 0 0 mills, the proper t y owner would p a y $ 9 5 . 0 0 f o r e v e r y $1, 0 0 0 i n a s s e s s e d v a l u e.

S TAT E U N E M PLOY M E N T I N S U R A N C E Unem ploy ment insur ance t a x lia bilit y is based on the t a xa ble wag e base, w hic h is the fir s t $10 , 0 0 0 o f e a c h w o r k e r ’s w a g e . I f c o v e r e d f o r t h e f i r s t t i m e, t h e t a x r a t e w i l l b e 1.7 % o f t h e w a g e b a s e o r a r a t e e q u a l t o t h e i n d u s t r y a v e r a g e , w h i c h e v e r i s g r e a t e r .

CONNECT WITH WINDSOR Stacy Miller

Terry Schwindler, CEcD

Director of Economic Development

Business Development Specialist

smiller@windsorgov.com

tschwindler@windsorgov.com

W i n d s o r Ec o n o m i c D e v e l o p m e n t .c o m | 9 70 - 674 -24 8 8 Icons courtesy of Noun Project