Posts tagged support
CU Business Review: Colorado’s becoming “beverage”-can capital
Oct 15th
More than 92 billion aluminum beverage cans were sold in the U.S. in 2011 reflecting a decline in annual sales — particularly among standard 12-ounce cans — since the industry’s peak five years prior.
But a number of Colorado companies, including Ball Corp., are well positioned to tap new markets in the evolving industry. Ball employs more than 3,000 workers statewide, and packaging accounts for 90 percent of the company’s sales.
“Beverage industry employment is growing faster than manufacturing employment and total employment in the state and is outperforming beverage manufacturing employment nationally,” said Richard Wobbekind, editor of the quarterly Colorado Business Review.
According to the latest edition of the review, published by the Business Research Division of the Leeds School of Business, the U.S. beverage can market remains quite healthy with a unit share of just over 40 percent.
Experts attribute the sales decline of 12-ounce cans to weak economic growth, which has consumers “trading down” to less expensive products, among other factors.
By contrast, demand for specialty can sizes grew at a robust rate of approximately 15 percent last year. From the 5.5-ounce mini-can to the 32-ounce jumbo can, brand owners are leveraging the unique sizes and shapes of the beverage cans to drive differentiation in the market.
One well-known specialty package from Ball is the Alumi-Tek bottle, or aluminum pint. Brewers have enjoyed great success with the bottles, which offer re-closable caps. Craft beers and wines have increasingly found their way into aluminum cans. Even water sold in cans has grown more than 30 percent since 2008.
“The current decrease in the U.S. beverage can market is more a sign of progress than one of decline as the industry shifts away from reliance on just the 12-ounce can,” says Jim Peterson, vice president of marketing and corporate affairs for Ball Corp. “Ball is expanding into new products and capabilities to meet demand.”
Peterson cites more than $175 million in investment across the U.S., including $60 million in Colorado for a new specialty can line in the company’s Golden, Colo., facility and a nearly $5 million expansion of its package research and development operations in Westminster, Colo.
Colorado beverage makers also benefit from state laws that support self-distribution, allowing young brands and small producers to go to market. New Belgium Brewing of Fort Collins, Colo., America’s third-largest craft brewery, started selling beer out of the back of a station wagon.
The Business Research Division of CU-Boulder’s Leeds School of Business conducts Colorado-focused economic and marketing studies, collaborating with faculty researchers, government entities, business leaders, nonprofit organizations and students. For more information visit http://leeds.colorado.edu/brd#coloradobusinessreview.
Boulder County to celebrate opening of Josephine Commons, named for a mine owner AND a human rights activist
Oct 11th
Boulder County, Colo. – Just one year after its groundbreaking, project managers, elected officials, and residents will gather on Thursday, Oct. 18 to celebrate the grand opening of Josephine Commons, one of Boulder County’s largest affordable housing developments.
The grand opening celebration will take place from 12:30 p.m. to 3 p.m. on Oct. 18 at Josephine Commons, 455 N. Burlington Ave. in Lafayette. Congressman Jared Polis and the Boulder County Commissioners will be among those who will speak. There will be tours of the buildings and property, and the public is invited to attend.
Planning, construction, and operations of Josephine Commons are being overseen by the Boulder County Housing Authority (BCHA), a division of the county’s Department of Housing and Human Services (BCDHHS). The county received a Certificate of Occupancy in late August for Phase I of the project, and had leased all of the apartments within five days. “The very quick lease-up is certainly a testament to the need for low-income housing in Boulder County,” said Frank Alexander, who is director of both the BCHA and BCDHHS. “It’s heartening to know that this project is helping boost the self-sufficiency and dignity of so many of our seniors.”
Phase I of Josephine Commons features 74 units on 3.4 acres of county-owned land in east Lafayette. This includes 70 apartment-style units in a mid-rise building. The 78,000-square-foot three-story main building also features a library, great room and large commercial kitchen. The project’s Phase II, Aspinwall at Josephine Commons, will feature 72 additional townhomes and duplex units for low-income seniors and families, and will break ground in mid-2013.
Funding for the $17.9 million Phase I of Josephine Commons has come largely from private investors through Low Income Housing Tax Credits arranged by the Colorado Housing and Finance Authority. Significant support also came from Boulder County taxpayers through $400,000 in Worthy Cause funding. And $550,000 in Colorado Home Investment Partnership (HOME) funds were provided by the Colorado Division of Housing. Other business support included a $12 million construction loan from Citibank.
Josephine Commons is named afterone-time owner of the Rocky Mountain Fuel Company, which once ran a coal mine where the development now sits. In the early 1930s, Roche stood out as a champion of workers’ rights, instituting the highest wages in the mining industry, fighting against child labor, and inviting unionization of her mines.
Also significant is the fact that the retired coal mines were used as renewable energy for Josephine Commons. Geothermal wells were drilled to depths of 400 feet, passing through the old mine shafts. Pipes were then installed to feed the heating and cooling systems, a process that greatly reduces the energy required for temperature control in the buildings. The project also features more than 100 kilowatts of rooftop and carport solar panel electricity generation.