Feds: Outdoor recreation accounts for 2% of GDP

By Jensen Werley Statistics from the U.S. Department of Commerce’s Bureau of Economic Analysis show that outdoor recreation accounted for 2 percent, or $373.7 billion, of the 2016 GDP. The data is part of prototype statistics from the Outdoor Recreation Satellite Account. It marks the first time that federal economists have studied the economic impacts of the outdoor recreation industry. The report also found that outdoor recreation grew 3.8 percent in 2016, higher than the 2.8 percent growth the overall economy saw. “Businesses need the right data to help them hire, invest and grow.… Continue Reading...

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Texas firm plans Hilton Garden Inn in southeast Longmont

By Doug Storum LONGMONT — Cimarron Hospitality is planning to build a four-story Hilton Garden Inn at the east end of Harvest Junction North, a retail center in Longmont. Cimarron Hospitality, based in Arlington, Texas, is a development and management company affiliated with Marriott International Inc.; Hilton Hotels and Resorts; Starwood Hotels and Resorts Worldwide LLC, a subsidiary of Marriott International; and InterContinental Hotels Group plc. Cimarron, led by president Rohit Dand, has submitted plans to the Longmont Planning Department for the hotel and a restaurant at the northeast corner of the South Martin Street roundabout north of Ken Pratt Boulevard.… Continue Reading...

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Array-created drug flagged for FDA orphan status

By Jensen Werley BOULDER — AstraZeneca plc and its oncology partner Merck Inc. have had the drug selumetinib — licensed from Boulder-based Array Biopharma Inc. — designated by the FDA as an orphan drug. The orphan drug designation applies to the treatment of neurofibromatosis type 1 (NF1), a disorder that can cause abnormal skeletal development and nervous system tumors. A drug with orphan status means it can be easier to get marketing approval for the drug: Orphan status drugs are used to treat rare medical conditions that likely wouldn’t otherwise have had medical breakthroughs.… Continue Reading...

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Colorado Life magazine relocates offices to Fort Collins

By Ken Amundson FORT COLLINS — Colorado Life magazine has relocated its headquarters from Estes Park to Fort Collins. Colorado Life, a statewide lifestyle and travel magazine, was founded in Estes Park in 2012. Publisher Chris Amundson and his wife, Angela, at that time also published Nebraska Life magazine. In addition to moving the company headquarters, they have also added Utah Life magazine to the magazines they publish. The Fort Collins location is in the Front Range Village shopping center located on Harmony Road. “We were really attracted to the energy of Fort Collins,” Amundson said in a statement announcing the change of location.… Continue Reading...

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DigitalGlobe parent moving headquarters to Colorado

By BizWest Staff DENVER – Maxar Technologies, the parent of DigitalGlobe Inc. in Westminster, is planning to move its headquarters from San Francisco to Colorado. The Denver Post reports that the move will bring 800 jobs to the area. Maxar, an international space company formerly called MacDonald, Dettwiler and Associates Ltd., had been based in Vancouver, British Columbia before moving its headquarters to San Francisco a year ago. The company bought DigitalGlobe, which was founded in Longmont, for $2.4 billion, the Post said. In 2014, DigitalGlobe moved its headquarters from Longmont to a 482,000-square-foot building in Westminster.… Continue Reading...

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Plexus expands into new digs at Centennial Valley Business Park

By Doug Storum LOUISVILLE — Plexus Corp., a Neenah, Wis.-based global electronics manufacturer, has leased 26,500 square feet of space at 168 Centennial Parkway in the Centennial Valley Business Park in Louisville. Plexus is expanding its operations in Boulder County and will move from 285 Century Place in Louisville and plans to be in the new space by May. Plexus provides design and development, supply-chain solutions, new-product introduction, manufacturing and aftermarket services to help companies bring their electronic products to market. Plexus operates 22 locations worldwide, including Louisville. The 58,300-square-foot building was constructed on speculation by Denver-based developer Koelbel and Co.… Continue Reading...

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Louisville-based GHX promotes Murphy to chief revenue officer

By Doug Storum LOUISVILLE — Global Healthcare Exchange LLC in Louisville has promoted Tina Murphy to the newly created role of chief revenue officer as the company reorganizes to support growth and improve customer service. Murphy will lead the departments of product management, customer operations, and sales and marketing. She will report to Bruce Johnson, GHX’s president and chief executive. Johnson said the company, which specializes in health-care business and data automation, is growing. It acquired two companies in the past for years and is delivering new technology to the health-care industry.… Continue Reading...

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CanopyBoulder announces new, smaller cohort

By Jensen Werley BOULDER — CanopyBoulder has announced the six new startups that will join the accelerator in its Spring 2018 cohort. The CanopyBoulder accelerator is designed to help accelerate business development for startups ancillary to the cannabis industry. More than 200 mentors and key figures in cannabis are part of the program to support the teams. Through the 16-week program, startups will refine their strategy and prepare a pitch to present upon graduation. This latest class is smaller than those Canopy has had in the past, for a reason, CEO Patrick Rea told Bizwest.… Continue Reading...

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