Colorado ranks third in the nation for its
concentration of high-tech jobs, according to the TechAmerica Foundation’s
2010 Cyberstates Report. And, the
average wages for high technology
workers in Colorado are 92 percent
higher than the state’s overall private
Colorado also ranks third in the nation for
its ability to support a knowledge- and
technology-based economy, according to
the Milken Institute’s 2008 State
Technology and Science Index. The index
measured 77 indicators in five categories
– including education, the science and
engineering workforce, research and
development, high-tech employment concentration, and entrepreneurial environment – and Colorado ranked among the
nation’s top five states in each of the categories.
Like many cities and economies nationwide, Denver’s economy fell into recession in late 2008. But, despite a 4. 4 percent job loss between 2008 and 2009,
the region’s unemployment rate remained
considerably below the national average.
And that’s good news for both employees
and relocating businesses.
ANNUAL AVERAGE NON-FARM EMPLOYMENT
(BY NAICS SECTOR, 2009)
Share of Total
Professional and Business Services
The most recent edition of Toward a More
Competitive Colorado from the Metro
Denver Economic Development Corp.,
which benchmarks Colorado’s strengths,
challenges, and opportunities for future
job growth, also shows a positive outlook
for the state’s future. The state’s top- 10
rankings included college-level educational attainment, high-tech employment, venture capital and initial public offerings,
and numerous measures of business costs
and general economic strength.
Wholesale and Retail Trade
Education and Health Services
Leisure and Hospitality
Natural Resources and Construction
In the end, there’s no doubt that Denver’s
appealing quality of life, federal and city
government support, strategic partnerships, smart workforce, and positive
growth have all contributed to the city’s
business success – and to its bright future.
Transportation and Utilities
Total 1,358,200 100%
Note: Employment and percentage shares for sectors may not add to totals due to rounding.
Source: Colorado Department of Labor and Employment, Current Employment Statistics.