2023
Annual Report
"As President of the 2023 AEDA Board of Directors, I am honored to be part of a board where the focus on keeping the existing businesses in Arvada and strategic growth of new business via targeted industries is of the upmost importance. This past year could be considered a year of navigating local change within the City Directors including the Director of Community Development and the Director of Economic Development both having direct impact on the AEDA Board. The outcome of this navigation has resulted in the wonderful additions of two new directors providing for future stability and reinforcing the resilience of Arvada’s strong City Leadership and our board of excellent local business leaders. As President I am looking forward to 2024 and the continuance of working with the board and staff on the many new opportunities to continue helping existing and local business within our great City."
Paul Duncan, Pie Engineering
2023 AEDA Board President
New & Notable Businesses for 2023
The following are a sample of business expansions or relocations to Arvada in 2023.
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 2023 Strategic Plan and business support activity are outlined below.
Economic Impact
In Capital Investment
New Square Feet of Commmercial Real Estate Developed
Implementation of the 2023 Retention Work Plan
Net Brick and Mortar Increase in Arvada Businesses
Community Impact
Business Surveys Completed
AEDA E-Newsletter Audience
Total number of emails sent
Developed updated Community Engagement and Communications Work Plan to guide engagement work in 2023 and 2024.
Organizational Impact
Colorado Enterprise Fund: $796,082 in active loans
10
StartUps
2
Veteran Owned
7
Minority Owned
7
Woman Owned
9
Low Income
AEDA 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.
