2015-2016 Arvada Community Profile

A R VA D A
C O LO R A D O
2015-2016
COM M U N ITY PROFI LE
Arvada Economic Development Association
720.898.7010 | ArvadaEconomicDevelopment.org
24
$290,000
schools in surrounding areas
home price
Higher education
Arvada’s median
household income
Average detached
COST OF LIVING
City
Grocery
Housing
Atlanta, GA
Chicago, IL
Dallas, TX
99.6
116.7
95.8
104.6
103.5
101.5
97
136.2
75.4
Denver, CO
107.5
98.5
New York City, NY
222.6
96.2
167.5
135.2
100.6
123.9
Utilities
Transportation
Health
Care
Misc. Goods
& Services
90.7
101.8
102.8
102.1
125.7
100.2
101.3
100.5
100.0
101.5
108.9
106.6
124.4
97.7
101.5
103.8
102.5
439.5
92.9
303.8
136.6
96.5
101.5
125.3
103.0
110.5
112.4
101.6
119.0
150.8
93.6
116.5
Source: 2014 Annual Average Data, Cost of Living Index, produced by C2ER, COLI.org
INCOME
Median Household Income
in thousands
Per Capita Income
$70
$60
$50
$40
$30
$20
Denver
Arvada
Colorado
U.S.
Source: COworkforce.com
EDUCATION
Primary Education
Public schools in Arvada:
Elementary (K-8)
22
Middle schools (7-8)
4
High schools (9-12)
4
Charter schools
3
For more information regarding Jefferson County
Public Schools, visit JeffCoPublicSchools.org.
Higher Education
The Metro Denver area is home to:
Arvada
Colorado corporate
sales tax rate
labor force
HOUSING STATISTICS
Avg. detached single family home price** $290,000
Avg. attached single family home price** $168,000
Avg. monthly rent***
$1,115
(or $1.33 per sq ft)
Unemployment Rate
7.0
6.0
5.0
4.0
3.0
income tax rate
housing units
4.4%
3.6%
Adams County
Denver County
summer
collegiate
andforamateur
Average
hourly wages
the Denver MSA can be
baseball
foundteam
at COworkforce.com.
• Denver is in the Top 5 of America’s
COMMERCIAL
REAL to
ESTATE
Healthiest
Cities according
Forbes
Magazine
Average
price per square foot
Retail
Office
Industrial/Flex
$ 15.47
$ 16.86
$ 7.82
Source: CoStar – Q1 2015
If you are looking for commercial space, go to
ArvadaEconomicDevelopment.org/Commercial
PropertySearch or call the AEDA office at 720.898.7010.
Arvada
Source: Xceligent.com
Denver Metro
15%
10.6%
10%
5%
2.5%
4.3%
5.6%
Office
4.8%
5.3%
0%
Industrial
Office
Retail
AIR
Major Interstate Highways:
• I-70 is a major coast-to-coast, east-west artery,
positioned mid-way between Canada and Mexico
• I-76 connects Denver to Northeastern Colorado
• I-25 is a major north-south transportation artery
Colorado
40
U.S.
Households44,724
COMMERCIAL VACANCY RATE at Year End
The Jefferson Parkway, when completed, will
allow the entire Denver Metropolitan beltway to
operate as a complete highway transportation
system. The next steps are to develop a financial
plan, initiate required environmental reviews and
perform preliminary engineering. Visit JPPHA.org
for more information.
Metro Denver/
Aurora area
Median Age
111,559
45,581
GROUND
5.7%
4.2%
4.1%
(50+ Employees)
Product/Service
39.28
Barber-Nichols, Inc.
Aerospace Land Area (sq. mi.)
King Soopers
Retail
Lowe’s
Retail
Mark VII
Manufacturing
Milender White
Construction
HIGHLIGHTS
Sam’s Club
Retail
• Arvada
has a AAA rating with
all of the
• Colorado has the 3rd best state economy
Sorin Group
Medical Device
major credit agencies
• Colorado is ranked the 4th happiest state
Sundyne
Manufacturing
• Arvada
is
home
to
the
Colts,
an
elite
Wanco
Manufacturing
Red Rocks Community College in Arvada
houses two-year degree and professional
certificate programs. Currently, Red Rocks is in
the midst of a capital campaign that will triple
the size of the Arvada Campus. Once complete,
this campus will be designated as the College’s
Health Careers Campus.
Regional Transportation District (RTD)
The RTD FasTracks Gold Line commuter rail
project is building three stations in Arvada: one
near Sheridan Boulevard, one in the heart of Olde
Town Arvada, and one at I-70 and Kipling Parkway.
The Gold Line Corridor is one of two corridors
that are a part of public-private partnership. Under
this partnership, RTD has contracted with a team,
referred to as Denver Transit Partners to design,
build, operate, and maintain the project. The Gold
Line is expected to start service in the Fall of 2016.
Source: COworkforce.com
6.0%
Jefferson County
Source: **MLS 2014 ***MPF 2014
Total Arvada
in percent
Population
MAJOR EMPLOYERS
5 Four-year state colleges & universities
9 Private four-year universities
10 Two-year colleges
Transportation
Size of Jefferson County’s
4.63%
At 3.46
A Glance
%
LABOR FORCE
All Items Index
Composite
Phoenix, AZ
San Francisco, CA
313,197
Work
Home
$67,156
Denver International Airport (DIA):
• 35 minute non-stop drive on I-70 from Arvada
• More than 16 carriers service over 170 domestic and
international destinations, including non-stop service to
Asia, Canada, Germany, Iceland, Mexico, Japan and the
United Kingdom
Rocky Mountain Metropolitan Airport (RMMA) is
Denver’s premier corporate reliever, situated between
downtown Denver and Boulder on U.S. Interstate 36.
RMMA offers a user-free designated Customs Office
available 24 hours a day.
Arvada was the site of the
1
st Gold Strike
TAX FEATURES
in Colorado
Arvada Property Tax Rate
4.31 mill levy
Arvada Sales Tax Rate
3.46%
Colorado Individual Income Tax Rate
4.63%
Colorado Sales Tax Rate
2.9%
LOCATION
Combined Total Sales Tax Rates (City, County, & State)
• Minutes from 7.96%
8.21%
DIA, downtown
Denver
business
Tax Exemptions
district,
Denver
For a complete list of State
sales taxthe
exemptions
including Machinery and Machine
Tools and
Tech Center,
Sales/Use tax exemptions,
go to
Colorado.gov.
and
mountain
Contact the AEDA office at 720.898.7010 to
communities
learn more about County/City exemptions.
Jefferson County
Adams County
• Several universities
Arvada Enterprise Zone
Learn more about state taxand
credits
and if an Arvada
research
property is located in the Enterprise
Zone within
at
institutions
AdvanceColorado.com/EZ.
a 30-minute drive
• Historic downtown
Arvada, known as
Olde Town, offers
Package Service:
shopping,
• All the major carriers provide
one-day dining
service to
anywhere in the U.S. and entertainment
with a “FasTracks”
Truck Service:
commuter
• Trucking transportation companies
arerail
available
in the Metro Denver area
station to open
Rail Service:
in 2016
FREIGHT
• Freight provided by Burlington Northern Santa Fe
Railway and Union Pacific Railroad
All sources in this publication are available upon request.
$290,000
schools in surrounding areas
home price
Higher education
Arvada’s median
household income
Average detached
COST OF LIVING
City
Grocery
Housing
Atlanta, GA
Chicago, IL
Dallas, TX
99.6
116.7
95.8
104.6
103.5
101.5
97
136.2
75.4
Denver, CO
107.5
98.5
New York City, NY
222.6
96.2
167.5
135.2
100.6
123.9
Utilities
Transportation
Health
Care
Misc. Goods
& Services
4.63%
labor force
sales tax rate
income tax rate
Size of Jefferson County’s
90.7
101.8
102.8
102.1
125.7
100.2
101.3
100.5
100.0
101.5
108.9
106.6
124.4
97.7
101.5
103.8
102.5
439.5
92.9
303.8
136.6
96.5
101.5
125.3
103.0
110.5
112.4
101.6
119.0
150.8
93.6
116.5
Unemployment Rate
7.0
6.0
5.0
4.0
3.0
Arvada
Colorado corporate
$70
$60
$50
$40
$30
$20
Denver
Arvada
Colorado
U.S.
Source: COworkforce.com
EDUCATION
Primary Education
Public schools in Arvada:
Elementary (K-8)
22
Middle schools (7-8)
4
High schools (9-12)
4
Charter schools
3
For more information regarding Jefferson County
Public Schools, visit JeffCoPublicSchools.org.
Higher Education
The Metro Denver area is home to:
Avg. detached single family home price** $290,000
Avg. attached single family home price** $168,000
Avg. monthly rent***
$1,115
Adams County
Denver County
Metro Denver/
Aurora area
Colorado
U.S.
Retail
Office
Industrial/Flex
Source: **MLS 2014 ***MPF 2014
45,581
2.9%
If you are looking for commercial space, go to
ArvadaEconomicDevelopment.org/Commercial
PropertySearch or call the AEDA office at 720.898.7010.
Combined Total Sales Tax Rates (City, County, & State)
5%
Source: Xceligent.com
Denver Metro
10.6%
2.5%
4.3%
5.6%
Office
4.8%
5.3%
0%
Industrial
Major Interstate Highways:
• I-70 is a major coast-to-coast, east-west artery,
positioned mid-way between Canada and Mexico
• I-76 connects Denver to Northeastern Colorado
• I-25 is a major north-south transportation artery
3.46%
4.63%
10%
The Jefferson Parkway, when completed, will
allow the entire Denver Metropolitan beltway to
operate as a complete highway transportation
system. The next steps are to develop a financial
plan, initiate required environmental reviews and
perform preliminary engineering. Visit JPPHA.org
for more information.
Arvada Sales Tax Rate
Colorado Sales Tax Rate
15%
GROUND
4.31 mill levy
Colorado Individual Income Tax Rate
Arvada
Red Rocks Community College in Arvada
houses two-year degree and professional
certificate programs. Currently, Red Rocks is in
the midst of a capital campaign that will triple
the size of the Arvada Campus. Once complete,
this campus will be designated as the College’s
Health Careers Campus.
Arvada Property Tax Rate
Source: CoStar – Q1 2015
COMMERCIAL VACANCY RATE at Year End
Office
Retail
Jefferson County
Adams County
7.96%
8.21%
Tax Exemptions
For a complete list of State sales tax exemptions
including Machinery and Machine Tools and
Sales/Use tax exemptions, go to Colorado.gov.
Contact the AEDA office at 720.898.7010 to
learn more about County/City exemptions.
Arvada Enterprise Zone
Learn more about state tax credits and if an Arvada
property is located in the Enterprise Zone at
AdvanceColorado.com/EZ.
AIR
FREIGHT
Denver International Airport (DIA):
• 35 minute non-stop drive on I-70 from Arvada
• More than 16 carriers service over 170 domestic and
international destinations, including non-stop service to
Asia, Canada, Germany, Iceland, Mexico, Japan and the
United Kingdom
Package Service:
• All the major carriers provide one-day service to
anywhere in the U.S.
Truck Service:
• Trucking transportation companies are available
in the Metro Denver area
Rail Service:
• Freight provided by Burlington Northern Santa Fe
Railway and Union Pacific Railroad
Rocky Mountain Metropolitan Airport (RMMA) is
Denver’s premier corporate reliever, situated between
downtown Denver and Boulder on U.S. Interstate 36.
RMMA offers a user-free designated Customs Office
available 24 hours a day.
Sports
complexes
All sources in this publication are available upon request.
10
230
Miles of trails
and bike lanes
Minute walk
to the nearest park
for any Arvada resident
PARKS & RECREATION
ARTS & CULTURE
Within the Arvada city limits:
• 90+ parks
• 2 splash pads
• 3 skate park facilities • 29 undeveloped
open space areas
• dog park
•
9 sports complexes
• tennis center
•
230 miles of trails
• 2 disc golf courses
and bike lanes
• 3 golf courses
The Arvada Center for the Arts and Humanities
Since its opening in July 1976, the award winning
Arvada Center for the Arts and Humanities has
grown to become one of the nation’s largest
multidisciplinary arts centers, dedicated to many
aspects of the arts, including theater, music,
dance, visual arts, humanities and education.
Host to over 350,000 visitors a year, the Center
offers a full theater season; Summer Stage
outdoor concert series showcasing local and
national performing artists; world-class art
exhibitions with emphasis on Colorado artists;
historical museum exhibitions; camps and
classes for children and adults of all ages and
skill levels in ceramics, drama, dance, music,
writing, visual arts and more. The Center also
includes a banquet facility for corporate and
social gatherings. The Arvada Center is located
at 6901 Wadsworth Boulevard and provides free
parking for all of its patrons. For more information
go to ArvadaCenter.org or call 720.898.7200.
Ralston Central Park officially opened in 2014
and offers: a state-of-the-art water spray park,
covered picnic pavilion with seating for 100,
sand volleyball pit and a beautiful new bridge
over Ralston Creek at Garrison Street.
TAX FEATURES
$ 15.47
$ 16.86
$ 7.82
9
• 58 playgrounds
Product/Service
Aerospace
Retail
Retail
Manufacturing
Construction
Retail
Medical Device
Manufacturing
Manufacturing
Average price per square foot
5 Four-year state colleges & universities
9 Private four-year universities
10 Two-year colleges
Regional Transportation District (RTD)
The RTD FasTracks Gold Line commuter rail
project is building three stations in Arvada: one
near Sheridan Boulevard, one in the heart of Olde
Town Arvada, and one at I-70 and Kipling Parkway.
The Gold Line Corridor is one of two corridors
that are a part of public-private partnership. Under
this partnership, RTD has contracted with a team,
referred to as Denver Transit Partners to design,
build, operate, and maintain the project. The Gold
Line is expected to start service in the Fall of 2016.
4.2%
4.1%
3.6%
COMMERCIAL REAL ESTATE
(or $1.33 per sq ft)
housing units
5.7%
Average hourly wages for the Denver MSA can be
found at COworkforce.com.
HOUSING STATISTICS
Total Arvada
4.4%
(50+ Employees)
Barber-Nichols, Inc.
King Soopers
Lowe’s
Mark VII
Milender White
Sam’s Club
Sorin Group
Sundyne
Wanco
in thousands
Per Capita Income
Source: COworkforce.com
MAJOR EMPLOYERS
INCOME
Median Household Income
in percent
6.0%
Jefferson County
Source: 2014 Annual Average Data, Cost of Living Index, produced by C2ER, COLI.org
Transportation
3.46%
LABOR FORCE
All Items Index
Composite
Phoenix, AZ
San Francisco, CA
313,197
Life
24
Work
Home
$67,156
The Equestrian Community has extensive
opportunities in Arvada, from dedicated horseonly trails located throughout the community,
to a 50 acre equestrian center with riding areas,
and, finally, to a new indoor equestrian center
offering an allweather, indoor riding
arena, public hours
of operation and
equestrian education
classes. Arvada Parks
is also home to the
Horse Protection
League, an equine
rehabilitation center
located at the cityowned Churches
Ranch National
Historic District in
west Arvada.
Majestic View Nature Center is a beautiful
park and education center celebrating the many
natural settings and wildlife of Arvada. The
nature center is known for its trails, gardens,
activity areas, and classes. To learn more, go
to Arvada.org/Nature.
Apex Park and Recreation District offers
fun, affordable, safe and accessible recreation
to residents and members of neighboring
communities. Its goal is to welcome and
encourage all current and new participants to
get active and stay active for a better quality
of life. This is achieved through hundreds of
activities offered at dozens of year-round and
seasonal facilities throughout Arvada. For
detailed information about the district, visit
ApexPRD.org.
TOURISM
The Arvada Visitors Center is a resource
for residents of Arvada and those guests
visiting the area. Located in Historic Olde Town
Arvada at 7305 Grandview Ave., the Visitors
Center is primed to be a one-stop-shop for
all activities and events happening in Arvada.
The Visitors Center staff will be able to provide
recommendations about where to shop, eat and
play, as well as offer a wealth of information
(free of charge) which includes maps, brochures,
directories, and
menus. For more
information, go to
VisitArvada.org.
Invest In Arvada
The Arvada Economic Development Association (AEDA) mission is to provide business
and commercial development services to new and existing businesses, so the businesses
can grow and expand to create jobs, increase revenues and make capital investments.
“I honestly don’t think my project would be this far along without AEDA’s help!
I can’t thank you enough! I’m thrilled to be a part of the Arvada community!”
– Alex Gastineau, Firehouse Subs
“I always suggest to new and existing business owners to ‘Check with AEDA on that.’
AEDA is my trusted resource for getting answers to local and regional business questions.”
– Deb Olsen, owner of VAL-U-ADS
AEDA is the first internationally
accredited economic development
organization in the State of Colorado.
Join the conversation and stay up to date on AEDA
events, resources and Arvada community news.
/ InvestInArvada
@Invest InArvada
/ InvestInArvada
720.898.7010 • Arvada Economic Development.org
8101 Ralston Road Arvada, Colorado 80002