Boulder Performs Well Among Top Innovation Cities

Boulder stands tall when compared with much larger metropolitan areas that excel in innovation and entrepreneurship.

A report produced by the Boulder Economic Council compares Boulder with leading innovation centers including Silicon Valley, San Francisco, Austin, Boston, Seattle, Portland, Denver and Raleigh.  Though these metropolitan areas have a much larger population than Boulder, they were selected as peer communities following input from local focus groups and ranking reviews published by Inc., Forbes, and others.

To get a meaningful comparison, data was normalized for population size and other measures in analysis by CU-Boulder’s Leeds School of Business Research Division.

And the news is good, according to findings published in the Boulder Innovation Venture Report. Boulder compares favorably in key success metrics from education and jobs to quality of life. The area is challenged, however, by a lack of affordable housing to supply its workforce with a place to live.

The Boulder metro area ranks first among the peer communities for the percentage of population 25 and up who hold a bachelor’s degree or higher. Over 60 percent of residents have a bachelor’s degree, which is among the highest in the United States.

In the jobs ranking, the City of Boulder has about 100,000 jobs, a number two or three times larger than almost any other U.S. city comparable in population size. Among those jobs, Boulder has the second highest concentration of science, technology, engineering and math (STEM) occupations among all the peer regions.

Boulder has the second-highest per capita venture capital investment in comparison to the peer communities.

In fact, Boulder is ranked number one nationally in the “Bloomberg Brain Concentration Index,” which tracks business formation as well as employment and education in the sciences, technology, engineering and mathematics.

Drilling down into the creative services industry – advertising agencies and web and app developers – outdoor recreation and food manufacturing, Boulder’s concentration of local businesses was significantly higher than peer communities.

Even in coffee shops the Boulder area percolates, achieving a tie with the Seattle-Tacoma-Bellevue metro for the highest concentration of coffee shops among peer communities. Boulder outranked all the peer cities on restaurants per 1,000 residents.

While any amount of time stuck in traffic is too much, Boulder drivers spend less than all but one of the peer communities with 10 percent of total driving time in congestion. Boston drivers spend the most time driving in congestion.

The challenge for Boulder is housing affordability, according to the report. Measured by median metro area home values, Boulder has the third highest housing costs among its peer communities, behind the San Jose and San Francisco regions and just ahead of Seattle and Boston. But the city is not alone – its peer communities face the same challenge. All but one of the metro areas studied for this report ranked among the 25 most expensive housing markets in the U.S.

For the full Boulder Innovation Venture Report, visit: http://issuu.com/boulderchamber/docs/innovation_venture_report_v26?e=33607933/61913820

 

Posted by Tom Kalinski Founder RE/MAX of Boulder on Tuesday, September 11th, 2018 at 3:05pm.

Posted on September 17, 2018 at 6:58 pm
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The danger of Boulder’s CAVE people thinking

Let’s face it, what happens in Boulder affects the rest of Boulder Valley in terms of housing, transportation, economics and myriad other dimensions.  If you want to know where your neighborhood is headed, it’s informative to know what Boulder is doing, even if you live in say, Erie.  And, if you even casually follow Boulder politics these days, you might be perplexed and concerned by the (seemingly) increasingly bizarre actions coming from Boulder’s City Council.

For a council that purports to support the environment, public safety, and inclusivity, its recent actions don’t seem to match its rhetoric.  In my opinion, however, its actions make sense when you understand the true underlying motivations and desires — and to do that, you have to understand Boulder’s CAVE people.

Who are Boulder’s CAVE people and what do they want?

Simply put, I call these people “Citizens Against Virtually Everything” (CAVE), and they seem to have the ear of the majority of the current council.  It appears that the plurality of Boulder’s CAVE people arrived in Boulder in the 1960s and ‘70s as students, hippies, ski bums, etc.  They decided to stay, bought homes here, and have become relatively well off as Boulder’s home price appreciation outstripped virtually everywhere else in the country.  At the same time, they seem not to like the multiple dimensions of growth Boulder has enjoyed over the last several decades; indeed, their strongest desire is apparently to see Boulder return to as it was “back then,” with fewer people, fewer businesses, less crowding, etc.  Their apparent goals, then, are to slow, stop, or reverse growth of all kinds in Boulder.  Their tactics appear to be to (disingenuously?) cloak themselves in the rhetoric of environmentalism, populism, and liberalism in order to achieve these goals.

Recent examples of CAVE people tactics and their effects:

1. South Boulder Flood Mitigation Plan.  The 2013 flood brought the issue of flood mitigation to the front of everyone’s minds in Boulder Valley, but the study of how to best deal with this issue in South Boulder goes back well before then.  After nearly a decade of study, and more than $2 million in fees and environmental studies, and extensive public engagement, the City Council had a few feasible flood mitigation plans, one of which (500-Year Variant 2), had the support of the University of Colorado (the property owner), the city’s Water Resources Advisory Board, and general public.  One would think, then, that it would be an easy decision for the City Council to support.  One, however, would be wrong.

Recently, the Boulder City Council voted to proceed with a different flood mitigation plan, one that is opposed by CU, disregards expert testimony, the preferences of the city’s Water Resources Advisory Board, and general public sentiment. 

Why would the council disregard science, experts, reason, common sense and nearby residents?  Using the lens of CAVE people logic, it may be because they believe that taking a position in opposition to all of these things will greatly slow the process of CU developing that land, which fits the goals of “slow, stop, reverse.”

2. Sales Tax Revenue. Cities like Boulder depend on sales tax revenue as an important component of their budgets.  Earlier this year, Boulder reported a $4 million budget shortfall, attributable primarily to flattening sales tax in the city — at a time when nearby cities are enjoying double digit growth in their sales tax revenues.  Members of the City Council held a study session on the topic on July 10 in which some members declared that they apparently want fewer visitors to Boulder (both tourists and locals from neighboring cities).  They expressed these opinions even with the knowledge that locals already visit downtown Boulder an average of seven times per month, but tourists spend several times what locals do per visit.

Why, in a city that prides itself on being welcoming and at a time when sales tax revenues are falling, would members of council declare an apparent desire for fewer tourist (and accompanying tax dollars)?

3.  Increased housing density. Council members often voice their support for efforts to provide inclusive housing, reduce Boulder’s carbon footprint, and improve our city’s environmental sustainability; however, when it comes to increased density — the thing that would arguably go the farthest toward achieving those aspirations — the council’s words do not match their deeds.  Boulder’s draconian housing restrictions, including the 1 percent cap on annual residential growth (which we’ve never actually hit), blanket height restrictions, severe occupancy limits, among other measures, has forced our workforce to largely live outside the city.  This, in turn, causes the more than 60,000 daily commutes into and out of Boulder. By simply ameliorating some of these harsh policies, and allowing a modicum of sustainable and smart development, Boulder could include more of its workforce within city limits and could considerably lessen its environmental impact.

Why, then, has the city actively resisted efforts that would address these critical housing and environmental issues?  One possibility — CAVE people logic: if it is extremely difficult to add housing density, not only will it slow population growth, it will force workers into longer commutes and growing frustration.  Over time, businesses will relocate to areas more accessible to their workforce, and there will be fewer people, fewer jobs, less congestion… like it was “back then.”

What’s to come?

Rather than building a bridge to the future, Boulder’s CAVE people seem intent on digging a trench to the past.  In fact, their efforts seem to be achieving results — not only did Boulder run a budget deficit, but its population actually decreased between 2016 and 2017.  There is no stasis for cities — they are either growing or dying.  It seems the CAVE people are succeeding at pushing their agenda of “slow, stop, reverse,” through council.  And if they win, all of us who are truly for the environment, public safety, and inclusivity will lose.

 

Jay Kalinski is broker/owner of Re/Max of Boulder.

Originally posted by BizWest on Wednesday, June 1st, 2018. Original found here.

Posted on September 2, 2018 at 6:11 pm
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Bike to Work Day Spotlights Boulder’s Commuting Options

Transportation and housing go hand in hand as critical components of infrastructure and quality of life. In Boulder, citywide enthusiasm for biking and alternative transportation came into sharp focus on the 42nd annual Bike to Work Day held June 27. Beginning at 6:30 a.m., thousands took to their pedal-powered wheels – or simply their feet – to go from home to work. In strong support, local companies and organizations hosted nearly 50 breakfast stations, keeping Boulder riders and walkers well fueled on their morning commute.

At the corner of Canyon Boulevard and Folsom, commuters were energized at such a station. Sponsored by RE/MAX of Boulder with Embassy Suites Boulder and Hilton Garden Inn, they treated riders to a hydrating Skratch Labs drink, refueling snacks, and giveaways. The station was manned by RE/MAX of Boulder Realtors with deep cycling roots including Art Schwadron along with biking enthusiast Chip Bruss, both of whom rode 150 miles in two days during Colorado’s Bike MS event to support multiple sclerosis research.

It’s only natural that Boulder’s Bike to Work Day is one of the largest nationwide. Presented by the City of Boulder, GO Boulder, Community Cycles, and a long list of corporate sponsors, Boulder Walk and Bike Day has grown into a month-long celebration of walking and biking highlighted by more than 60 free walks, bike rides, and other events.

The activities aim to encourage people to change their transportation behavior by experiencing Boulder’s 300+ miles of award-winning bike trails. It’s these multimodal corridors that elevate Boulder’s alternative transportation culture. Boulder was ranked #3 Bike-Friendly City by PeopleForBikes in 2018.

GO Boulder – part of Boulder’s transportation department – is focused on enhancing the city’s multi-modal transportation system and reducing single-car usage. The goal is to increase the travel choices available and create an innovative transportation system that sustains the quality of life valued by Boulder residents.

But bikers and walkers who share the road with cars can be at risk of harm. That’s why the City of Boulder developed its Vision Zero program. Vision Zero focuses on making other-than-car transportation safer by reducing the number of traffic-related fatalities and serious injuries to zero. Program components include targeted improvements to street design, enforcement, and outreach efforts in places where they are needed most.

Bike to Work Day 2018 has come and gone, but in Boulder, every day is a great day to commute by a means other than car. Get more information on alternatives and bike paths and get out there!

For more information, visit https://bouldercolorado.gov/goboulder and http://www.walkandbikemonth.org/

 

Posted by Tom Kalinski Founder RE/MAX of Boulder on Friday, July 13th, 2018 at 10:18am.

 

Posted on July 15, 2018 at 7:02 pm
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Boulder Economic Summit 2018: Skilled Workers Essential to Boulder’s Future, Housing a Key Issue

Boulder County excels at attracting talented and skilled workers. But change is in the air, says futurist Josh Davies, CEO at The Center for Work Ethic Development and keynote speaker at the recent Boulder Economic Summit 2018: The Workforce of the Future.

Statistics presented by futurist Davies suggest that if the last decade rocked with rapid change on the job-front, hang on to your Smartphone – the future promises to be a rocket-ride.

And, the future starts now.

Today, Boulder County employers are going head-to-head with the rest of the world. Local businesses compete globally for highly skilled workers integral to business success, yet these workers are too few in number to fill the demand. If corrective steps aren’t taken, the worker shortage will continue and potentially worsen, predict speakers at the Summit.  Success is critical, since Boulder County’s thriving economy, vitality and quality of life depends on local businesses continuing to engage world-class, highly skilled people.

Hosted by the Boulder Economic Council (BEC) and the Boulder Chamber at CU-Boulder, the Boulder Economic Summit brought experts and hundreds of community leaders together to evaluate Boulder’s competitiveness in the global demand for talent. In breakout sessions and roundtable discussions, the group explored how education and workforce development must evolve to keep up with the impacts of automation, immigration, globalization and other forces affecting future jobs.

There Will Be Robots. Lots of Robots.

People, get ready. Futurist Davies says the robots are coming and in more ways than ever expected.

The growth will be explosive: 1.7 new industrial robots will be in use by 2020, with robots performing tasks in homes and offices – not just in manufacturing, says Davies.

In his talk, 2030: The Workplace Revolution, Davies highlighted how technology will change our jobs in the coming decade and the pressing need for skill development and preparation.

With advances in technology and creative disruption in industries, employment has shifted, explains Davies, adding that 85 percent of jobs in 2030 haven’t been created yet. By then, computers will function at the speed of the human brain. He warns that increased automation and artificial intelligence will significantly alter employment needs and businesses should be prepared.

Low-skilled and entry-level and other jobs that perform repetitive tasks will no longer be available to human workers – computers and robots will fill that need. While companies do not like to replace people with robots, if robots cost 15-20 percent less, humans will lose out.

Davies predicts retail jobs will be replaced by robots at a very high rate, even though it is the leading profession in most states. Sixteen million retail workers will need to be retrained for new jobs.

His strategies for the future are to recognize that whether tasks are cognitive or non-cognitive, repetitive tasks can be automated. To succeed, workers need to develop non-cognitive skills: problem-solving, critical thinking and empathy.

Acquiring New Skills Critical to Success

Andi Rugg, executive director of Skillful Colorado, says one-third of the American workforce will need new skills to find work by 2030.

In her talk, Understanding the Skills Gap, Rugg emphasizes that training and retraining are the path to success, not only for the coming decade, but for today. There are 6.3 million unfilled jobs in the U.S. today because there’s currently not enough talent to bridge the gap between employer requirements and the workforce.

Rugg stresses that hiring needs to become skills-based, since we are in a skills-based economy. Her statistics are hard hitting:

  • Jobs requiring college degrees exceed the number of workers who have them.
  • Seventy percent of job ads for administrative assistants ask for a college degree, but only 20 percent of administrative assistants have a college degree.
  • Only 3 in 10 adults in the U.S. have a bachelor’s degree – demand for bachelor’s degree is outstripping supply of workers who have them.
  • Only 35 percent of Boulder County’s skilled workers have a degree and Colorado ranks No. 48in the nation for the number of people of color with a degree.
  • Employers need to be more agile in hiring and realize that skills can bridge the gap.
  • Employers need to focus on skills to address inequities in the labor market.
  • Employers should also offer upskilling and lifelong learning for employees.
  • Skills-matching improves employee retention and engagement as well as reduces the time to hire and ultimately reduces turnover costs for the employer.

Housing and Transportation Keys to the Solution

In a roundtable discussion led by RE/MAX of Boulder Broker/Owner Jay Kalinski, the team tackled one of Boulder County’s looming challenges in attracting workers to Boulder County – affordable housing and transportation options that enable commuting. The group developed possible solutions to ease transportation and affordable housing issues.

Photo caption for photo above: Jay Kalinski, RE/MAX of Boulder Broker/Owner (left} leads a roundtable discussion to develop transportation and affordable housing solutions.

Learn more about the discussion in Jay Kalinski’s article in BizWest, “Where will Boulder’s workforce of the future live?” at: https://bizwest.com/2018/06/01/where-will-boulders-workforce-of-the-future-live/?member=guest

Community Collaboration

In breakout sessions and the closing plenary, discussions revolved around ways the community can address workforce and economic development by bringing together private sector businesses and industry with educational institutions and organizations, government, and nonprofits in collaboration.

Through this joint effort, our community can prepare students with the workforce skills needed in the future that cannot be automated; develop business-relevant class content; roll out real-life technical projects in classrooms; re-train workers; and offer apprenticeships, internships, and work-based learning alongside education or as standalone, all of which can help workers gain skills.

Learn more by reading the Boulder Economic Council and Boulder Chamber’s recently published “Boulder Innovation Venture Report” at: https://bouldereconomiccouncil.org/whats_new_with_the_bec/boulder-innovation-venture-report/

Posted by Tom Kalinski Founder RE/MAX of Boulder on Wednesday, June 20th, 2018 at 11:25am.
Posted on June 21, 2018 at 5:38 pm
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Where will Boulder’s workforce of the future live?

The Boulder Economic Summit was held on May 22 and the focus was on the workforce of the future. The Boulder Economic Council rightly identified this as a key to Boulder County’s continued vitality and prosperity.  There were vibrant discussions about the growing importance of skills to both employers and employees, shifting employment patterns, how businesses can embrace Millennials, and more.

From a real estate perspective, the most thought provoking session was the roundtable discussion on “Addressing Housing and Transportation,” in which participants were asked to discuss what their businesses are experiencing in terms of housing and mobility needs, what they are doing to address them, and what possible solutions they see.  From this discussion, it became evident that the majority of many businesses’ employees live outside the city, that many of those employees would like to live in Boulder, and that there are myriad housing and transportation challenges facing businesses and employees.

Many of the proposed solutions will sound familiar: some additional housing, including ADUs (“granny flats”) throughout the city and multi-family housing in the light industrial areas along the east Arapahoe corridor; adding additional lanes to some of the major arteries to/from Boulder, especially along Arapahoe/Highway 7 and the Diagonal; more and “better placed” park-n-ride lots; more parking spaces throughout the city; more and better alternative transportation options, and possibly some shared shuttle services among Boulder businesses. 

Many participants expressed the opinion that they believe some of these solutions are viable, but they acknowledged that most of them would require the willingness and coordination of city and county governments.  The scope of these issues is supported by the estimated 50,000 — 60,000 people who commute into Boulder for work each day, half of whom purportedly want to live in the city, and the fact that currently there are no single family homes in Boulder on the market for less than $575,000 (and that only gets you 966 square feet).

The bottom line takeaway from this discussion was that if Boulder cannot find better ways to address its housing and transportation issues, it risks losing its economic vigor as more and more businesses will choose to relocate to more hospitable areas.  More than one employer at the roundtable lamented that if they cannot solve some of these issues, they will likely have to move their business elsewhere. 

Let’s face it, Boulder does not make it easy on businesses or their employees. Among other things, businesses in Boulder have to contend with sky-high affordable housing linkage fees on commercial development (which will ultimately be borne by tenants and consumers), complex and changing zoning and use regulations, rapidly growing commercial property taxes, and a dearth of parking spaces.  Employees face a severe lack of affordable housing to purchase, expensive rent or long — and increasingly frustrating — commutes, and difficulty finding parking (and not enough public and alternative transportation options).

There is always room for hope in Boulder, one of the brainiest (and best) cities in America, and an excellent example is the city council’s recent openness to allowing additional ADUs.  It’s not a panacea, but it’s a start.

Envisioning our workforce of the future is a great and useful undertaking, but if Boulder cannot (or will not) address its mounting housing and transportation issues, the workforce of the future will be happily employed… elsewhere.

 

Jay Kalinski is broker/owner of Re/Max of Boulder.

Originally posted by BizWest on Wednesday, June 1st, 2018. Original found here.

Posted on June 2, 2018 at 9:05 am
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