STATE AND FEDERAL SUPPORT
State and local government support also
encourages Denver’s business growth. The
U.S. Department of Labor awarded the
Denver region and Northern Colorado
area a four-year, $15 million Workforce
Innovation in Regional Economic Development (WIRED) grant in 2006.
The project’s goal was to transform workforce
development in the region by bringing more
highly skilled workers to the area’s fastest
growing industries, which included aerospace, bioscience, energy and information
technology. The project has proven successful
in making the area a destination for employee
relocation and expanding business.
The Colorado Department of Transportation has spent hundreds of millions of
dollars on projects in the last few years.
The Regional Transportation District’s
FasTracks project opened in 2016 and
connects the metro Denver region with 122
miles of new commuter and 18 miles of bus
rapid transit, with four rail lines.
Additionally, several Colorado Workforce
Centers are located throughout the region,
leaving employers well supported with
recruitment assistance and employees with a
rich resource for job search tools, job placement and training opportunities.
A cross-section of industries make up the
employment base in Metro Denver, with
eight industry clusters targeted for growth
and expansion in the near future. The nine-county metro Denver and Northern Colorado
regions depend on these diverse industries for
Aerospace: Colorado comes in second place
among the 50 states for private aerospace
employment concentration. More than
58,000 private sector workers and military
personnel worked in aerospace in 2013.
Four military commands, eight major space
contractors and more than 300 aerospace
companies and suppliers call Colorado
Aviation: Aviation companies in Colorado
employ more than 15,910 workers, many
at Denver International Airport and three
reliever airports. The metro region ranks 11th
among the nation’s 50 largest metro areas for
aviation employment concentration.
Bioscience: The Denver metro region’s
bioscience businesses employ 4,780 biotechnology and pharmaceuticals workers and
10,310 workers in medical device and instrument production. Fitzsimons Life Science
District and the Anschutz Medical Campus
in Aurora, along with ten other local higher
education institutions, offer bioscience
programs and research assets.
Broadcasting and Telecommunications:
Its location in the Mountain Time Zone is
a boon to Denver’s broadcasting and telecommunications industries. Denver is located
in the largest U.S. region with one-bounce
satellite uplinks, giving companies real-time
connections to six of seven continents. The
city has a mix of broadcasting and telecommunications companies, and the region ranked