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.
BUSINESS AND ECONOMY
“Between March and April 2014, Colorado
added 13,900 new jobs and had an unemployment
rate lower than the national average.”
