2022 Annual Report - Arvada Economic Development Association


Annual Report

"I was honored to serve a second term as President of the AEDA Board of Directors this past year. 2022 was an exciting year in which we began to see a return to normalcy for the business community post-pandemic. However, new and dynamic challenges arose including strains on workforce availability, supply shortages, and rising interest rates. AEDA's continued focus on support of existing businesses and strategic growth of targeted industries paid dividends, as Arvada again saw a net year-over-year increase in business establishments and primary jobs. I am so proud of the AEDA Board's efforts to invest in meaningful business resources and strategic partnerships, which reinforce the ongoing excellence within our business environment. I am also happy to pass the torch to our 2023 Board President, Paul Duncan, and look forward to AEDA's continued success under his leadership."

Alicia Svaldi, Faustson Tool

AEDA President

New & Notable Businesses for 2022

The following are a sample of business expansions or relocations to Arvada in 2022.

Three young girls playing in the water at a splash pad

Strategic Plan

Each year the AEDA Board of Directors adopts an Annual Strategic Plan in alignment with a larger six-year Strategic Plan. This Impact-Driven plan helps guide AEDA's decisions based on capturing data from three program objectives, including Economic Impact, Customer & Community Impact, Organizational Impact. This information allows staff to "tell the story" of how the results of AEDA's efforts support its mission.

Highlights from AEDA's 2022 Strategic Plan and business support activity are outlined below.

Economic Impact


Million in Capital Investment


Implementation of the 2022 Retention Work Plan


New Square Feet of Commmercial Real Estate Developed


Net Brick and Mortar Businesses Retained

Community Impact

Resident Surveys Completed

AEDA E-Newsletter Audience

Number of emails sent

Partnered with City of Arvada Neighborhood Engagement Team to discuss Economic Development with Arvada residents and neighborhood leaders.

Organizational Impact

Colorado Enterprise Fund: $193,785 in active loans




Veteran Owned


Minority Owned


Woman Owned


Low Income


Invested in Arvada Chamber B.O.L.D. Initiative


Continued strategic partnership with the Arvada Resiliency Taskforce

Focused on small business support resources, mental health of business owners and employees, and marketing of Arvada's unique business community and retail neighborhoods.

Crowd of people skiing on the grass and watching a show at the Arvada Center
Three young girls looking at bakery goodies in a display case
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