and 2013. In 2014 the city was in the top ten
fastest growing cities in the country, with
this growth predicted to continue over the
next ten years. This rate of growth creates a
very favorable climate for business.
Combine metro Denver’s outstanding recreational opportunities, beautiful scenery, top
cultural amenities, and four professional
sports teams, and it’s no wonder employees
across the U.S. are clamoring to relocate
here. There’s a lot to love.
Thousands of acres of open space and one
of the largest public parks systems in the
United States give employees and their families the chance to hike, bike, and snowshoe
right in their own backyards. To top it off,
the ski slopes and quaint mountain towns
are just a short drive away.
STATE AND FEDERAL
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
will connect the metro Denver region with
122 miles of new commuter and 18 miles of
bus rapid transit, with four rail lines anticipated to be open by 2016.
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 place-
ment 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 economic growth.
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 home.
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
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 sixth out of the biggest 50 metro
areas for employment concentration in
these industries in 2013. 2,560 broadcasting
and telecommunications companies directly
employ 40,640 workers in the Denver area.