Northglenn Economic Development Report Highlights New Businesses and Strategic Opportunities

Northglenn City Council's recent study session highlighted key developments in economic growth and community engagement, with a focus on the importance of a potential mill levy override for local schools. Council members emphasized the need for residents to understand the implications of state budget impacts on the school district, underscoring the collaborative efforts between the city and educational institutions.

Director of Economic Development, Allison Moding, presented an overview of the city's economic landscape, reporting on the year-end statistics for 2024 and projections for the first quarter of 2025. Notably, Northglenn welcomed 44 new businesses in 2024, creating 432 new jobs and absorbing over 36,000 square feet of commercial space. Moding highlighted the city's commitment to supporting existing businesses through various initiatives, including one-on-one visits and business retention programs.

The session also addressed commercial real estate trends, revealing slight increases in vacancy rates across office, industrial, and retail sectors. Despite these challenges, Moding expressed optimism about ongoing redevelopment efforts, particularly at the Northglenn Marketplace, where a new restaurant, Bubba's 33, is set to open soon.

Council members discussed the importance of maintaining community engagement through social media and local events, with plans for a business appreciation event scheduled for October 28. The council is also exploring redevelopment opportunities at Washington Center and other key locations, aiming to enhance the city's commercial appeal.

As Northglenn continues to navigate economic challenges, the council's proactive approach to business support and community collaboration remains crucial for fostering growth and resilience in the local economy.