High-tech workers in Colorado tend to
make wages that are 96 percent higher than
the state’s overall private sector average.
And Colorado ranks third in the U.S. for its
concentration of high-tech jobs and fifth in
the U.S. for entrepreneurialism, according
to the 2014 Kauffman Foundation Entrepreneurial Index. One example of this
entrepreneurial spirit is the Colorado Innovation Network (COIN), which promotes
collaboration between public, private, and
academic institutions statewide. COIN leads
and encourages partnerships on a variety of
programs and initiatives.
The Rocky Mountain state is increasingly
known for its knowledge and technology
industries. The state ranks fourth in the
nation for its ability to support these economies, as found by the Milken Institute’s 2012
State Technology and Science Index. The
index analyzed 77 indicators in five categories, including education, the science and
engineering workforce, research and development, high-tech employment concentration
and entrepreneurial environment.
Like many cities across the country, Denver’s
economy fell into recession in late 2008.
However, the region’s unemployment
remained considerably below the national
average even during that rough period. That
resilience is good news for employees and
businesses. And ever better news—all of the
jobs lost in the recession had come back by
the middle of 2013. Colorado is now one
of the top states for employment growth.
Between March and April 2014, Colorado
added 13,900 new jobs and had an unemployment rate lower than the national average.
Denver’s economic future looks bright.
Colorado continues to beat out other states
in levels of college-educated workers,
venture capital investments, employment
in the high-tech industry, and many other
measures of economic strength.
Without a doubt, Denver’s economy has a
promising future. The balanced quality of life,
government support, low business costs, skilled
workforce, and consistent growth all prove that
Denver is a good place to do business.