Longmont Leads Area Communities in Resident Workforce; Boulder Regional Business Partnership bi-annual Labor Migration Report tracks where job holders in Boulder, Broomfield counties reside
Longmont tops the list of communities in Boulder and Broomfield counties whose jobs are held by local residents, according to the 2004 bi-annual Labor Migration Report, prepared by the Boulder Regional Business Partnership. The report, which tracks where local job holders reside and reflects how commuting patterns change over time, shows that Longmont has a resident employee concentration of 45.56 percent, 58 percent higher than Boulder (28.84 percent), its closest competitor among the statistically significant communities.
(PRWEB) June 23, 2004 -- Longmont tops the list of communities in Boulder and Broomfield counties whose jobs are held by local residents, according to the 2004 bi-annual Labor Migration Report, prepared by the Boulder Regional Business Partnership. The report, which tracks where local job holders reside and reflects how commuting patterns change over time, shows that Longmont has a resident employee concentration of 45.56 percent, 58 percent higher than Boulder (28.84 percent), its closest competitor among the statistically significant communities.
"Longmont is a well-balanced community that takes pride in its ability to provide jobs to local residents," said John Cody, CED, the president and CEO of the Longmont Area Economic Council.
Using the data from this report, employers can examine the origin of their labor force, including where workers are available and how far they tend to commute, and use that information to help determine where to focus their expansion or recruiting efforts and what types of benefits and incentives they might consider offering. Government officials can assess the impact to transportation infrastructure, sales tax implications, jobs/housing balance and other public policy issues. Tracking this information over time can determine trends in commuting patterns that indicate how local workforce availability is changing.
Longmont also had the highest resident employee concentration in the group's 2002 report, with a resident employee concentration of 48.8 percent. Longmont's numbers are high not just for Boulder and Broomfield counties, but for the entire Front Range. The communities with the next highest rates for a resident workforce tend to be in Larimer and Weld counties, according to other regional studies.
The Boulder Regional Business Partnership is a consortium of chamber and economic development organizations in Boulder and Broomfield counties. Members include the Boulder, Erie, Lafayette, Louisville and Superior Chambers of Commerce, Broomfield Economic Development and the Longmont Area Economic Council. The group meets bi-monthly, and has done a Labor Migration Report since 1994, including annual reports from 1994 until 1998, and bi-annual reports since then.
The entire Labor Migration Report from the Boulder Regional Business Partnership is available as a PDF on the Longmont Area Economic Council Web site, at www.longmont.org.
About the Longmont Area Economic Council
The Longmont Area Economic Council exists for the sole purpose of keeping the Longmont area economy strong. This is accomplished specifically by "actively supporting the creation and preservation of quality primary jobs." Primary employers are those who sell the majority of their goods and services outside the region. LAEC is a public/private partnership, governed by a Board of Directors made up of representatives from primary employers, the City of Longmont, and the business community at large. For more information, call (303) 651-0128, email laec@longmont.org, or visit www.longmont.org.
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