City Council Agenda and Packet 2013 04 16 - PG 222 - ATTACHMENT #4

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Economic and Market Assessment City of Louisville, CO Population and Households Trends in population and household growth can signify an area's capacity for economic development from a workforce perspective. Increases and decreases in population and households often parallel the availability of employment, or lack thereof. Although the City of Louisville actually saw a decrease in its population from 2000 to 2010, Boulder County experienced a 1.1 percent increase, compared to a 9.7 percent increase for the nation over the same period. The cities of Superior and Broomfield saw astounding population and household increases from 2000 to 2010. The state experienced relatively robust population increases in population of 13.6 percent and households of 15.6 percent. In contrast to the slight decline in population in Louisville, the number of households increased 5.1 percent over the decade, due in large measure to the 8 percent decrease in average household size. Figure 2:Population and Households Geography Population Households Avg.HHSize 2000 2010 Change 2000 2010 Change 2000 2010 Change ICity of Louisville 18,868 18,376 -2.6% 7,165 7,529 5.1% 2.62 2.41 -8.0%I City of Lafayette 23,197 24,453 5.4% 8,844 9,632 8.9% 2.54 2.62 3.1% City of Superior 9,011 12,483 38.5% 3,381 4,496 33.0% 2.67 2.78 4.1% City of Broomfield 38,272 55,889 46.0% 13,833 21,414 54.8% 2.77 2.60 -6.1% Boulder County 291,288 294,567 1.1% 114,793 117,629 2.5% 2.45 2.44 -0.4% City of Denver 554,636 600,158 8.2% 251,435 263,107 4.6% 2.27 2.22 -2.2% State of Colorado 4,301,261 4,887,061 13.6% 1,659,308 1,918,959 15.6% 2.53 2.49 -1.6% Source:US Census The addition of new residents will be, in large part, contingent upon the availability of jobs, the provision of housing, adequate public services to accommodate population, land use regulations and perceived quality of life. Expansion of the permanent population recognizes the need to retain and expand existing businesses in addition to attracting new ones, as residents will expand the labor force and offer disposable income to fuel local businesses. 4