The Broomfield Economic Development Corporation (BEDC) is Broomfield’s primary agent for economic development. Founded in 1986 as a 501 (c) 6 non-profit corporation, BEDC promotes economic growth that enhances quality of life for our residents. In the past 10 years, more than $2.35 billion in new capital investment was generated in the City & County of Broomfield. These investments have resulted in the retention or creation of more than 22,926 jobs and the construction or leasing of more than 18 million sq. ft. of office, retail and industrial space.
BEDC’s success has been recognized by Site Selection magazine, the publication of CoreNet Global, the 5,000-member association of corporate real estate executives. The magazine annually recognizes the Top Ten Economic Development Corporations in North America, and BEDC received this honor in 1998, 1999, 2000, 2001 and 2002.
BEDC is a public-private partnership and receives its funding from both the City and County of Broomfield, as well as ninety private sector investors. The investment pledge of support allows BEDC to focus on implementation of our Strategic Plan and provides this community with the most efficient mechanism to achieve vitality in Broomfield’s economic base. This investment takes the form of direct monetary investments ranging from a minimum of $1,050 through the mid-teens, as well as contributions of time by investors.
In undertaking this initiative, the Broomfield Economic Development Corporation needs a broad sharing of personal involvement and financial support from all sectors of the community:
The success of our economic development “effort” is of crucial importance to the current companies, employees, residents and property owners of the Broomfield area.
Private sector investment in BEDC is crucial to our organization as we strive to achieve our strategic goals and objectives. BEDC provides the following benefits to our investors:
In addition to participation and involvement at Investor Breakfasts and the Annual Investor Appreciation Luncheon, BEDC has a 24-person Board of Directors with 16 of those individuals elected by the investors to staggered two-year terms. Other members of the Board include 4 City Council members, 2 individuals appointed by the Broomfield Chamber of Commerce and a Citizen Board member. The Board meets the 3rd Thursday of each month at 4 p.m. at City Hall, One DesCombes Drive. All investors are invited to attend.
The BEDC Executive Committee, consisting of officers and any past-chairs who are investors, meet the 2nd Thursday of each month at 7:30 a.m. at City Hall, One DesCombes Drive. All investors may also join at these meetings.
Besides the participation at event functions, Board meetings and Executive Committee meetings, BEDC has committees that have been organized and developed to deal with such issues as:
Because Broomfield is strategically located in the northwest quadrant of the Denver metropolitan area, we feel the growth and development that has happened in the community will continue for the next 10 to 20 years. The city currently has a population of 48,000 and it is estimated at build-out, the population will be 80,000. With the completion of the Northwest Parkway through Broomfield, we project that development will continue on its current pace, providing residents with a true quality of life community.