DEN­VER: THE BUSI­NESS CLI­MATE

Business Traveler (USA) - - NORTH AMERICAN TRAVEL -

Metro Den­ver in­cludes a to­tal of nine coun­ties with busi­nesses spread through­out the re­gion. The top busi­ness dis­tricts in­clude Cen­tral, Den­ver Tech­no­log­i­cal Cen­ter, In­ter­locken and In­ver­ness. The area’s Eco­nomic De­vel­op­ment Cor­po­ra­tion (Metro Den­ver EDC) mon­i­tors eight in­dus­try clus­ters through­out the met­ro­pol­i­tan re­gion. The clus­ters are ge­o­graphic con­cen­tra­tions of in­ter­con­nected com­pa­nies AEROSPACE – Colorado again achieved its stand­ing in 2012 as the se­cond-largest space econ­omy in the US, be­hind Cal­i­for­nia. The nine-county re­gion em­ploys 19,600 work­ers, met­ro­pol­i­tan ar­eas in to­tal pri­vate aerospace em­ploy­ment con­cen­tra­tion. In 2012, Gov. John Hick­en­looper signed a bill to limit the li­a­bil­ity ac­tiv­i­ties in the state. The leg­is­la­tion AVI­A­TION – Den­ver In­ter­na­tional Air­port is a ma­jor eco­nomic en­gine for the re­gion’s avi­a­tion in­dus­try, which em­ploys 15,910 work­ers. Pos­i­tive job ex­pan­sion, with year-over-year growth of 6.4 per­cent, and three new non­stop 2012 create fur­ther mo­men­tum in this in­dus­try. BIO­SCIENCE – More than 14,980 em­ploy­ees work at 600 bio­science com­pa­nies in the nine-county re­gion. Of par­tic­u­lar note, the em­ploy­ment con­cen­tra­tion in the med­i­cal de­vices and di­ag­nos­tics sub­clus­ter ranks ninth in the coun­try. The in­dus­try draws on the re­gion’s re­search uni­ver­si­ties, as well as op­por­tu­ni­ties to bring to­gether aca­demic, re­search and bio­science com­pa­nies at the 578-acre Fitzsi­mons Life Science Dis­trict and the ad­ja­cent An­schutz Med­i­cal Cam­pus in Aurora. BROAD­CAST­ING & TELECOM­MU­NI­CA­TIONS – With 39,620 broad­cast­ing and telecom­mu­ni­ca­tions work­ers, the nine-county re­gion has the six­th­high­est em­ploy­ment con­cen­tra­tion out of the 50 largest met­ro­pol­i­tan ar­eas. The re­gion is the largest in the United States to of­fer one-bounce satel­lite uplinks, due to its unique ge­o­graphic lo­ca­tion in the Moun­tain time zone. EN­ERGY – The in­ter­re­la­tion­ship be­tween fos­sil fu­els and clean­tech pro­vides unique growth op­por­tu­ni­ties for this in­dus­try that em­ploys 44,910 peo­ple at 2,970 com­pa­nies in the re­gion. The area ranks fourth for fos­sil fu­els and sev­enth in clean­tech em­ploy­ment con­cen­tra­tion among the 50 largest met­ros. The US Depart­ment of En­ergy’s Na­tional Re­new­able En­ergy Lab­o­ra­tory (NREL) in Golden is a prime as­set. Colorado is es­ti­mated to have pro­duced a record 40 mil­lion bar­rels of oil in 2012 – much of it from new wells, par­tic­u­larly in Colorado’s Nio­brara for­ma­tion. FI­NAN­CIAL SER­VICES – The ninecounty re­gion is one of the few ar­eas out­side of the North­east with a key mar­ket seg­ments: bank­ing and ser­vices base of 13,020 com­pa­nies and 87,740 em­ploy­ees. Five-year em­ploy­ment growth in the in­vest­ments sub­clus­ter was 4.4 per­cent. HEALTH­CARE & WELL­NESS – With nearly 176,460 health­care and well­ness work­ers at 18,260 com­pa­nies across the re­gion, the health­care and well­ness clus­ter is one of the re­gion’s fastest grow­ing in­dus­try clus­ters and is a ma­jor con­trib­u­tor to the re­gion’s eco­nomic pro­duc­tiv­ity. Em­ploy­ment growth in the in­dus­try be­tween 2007 and 2012 was 22.1 per­cent. IN­FOR­MA­TION TECH­NOL­OGY & SOFT­WARE – year, Colorado ranked third in the na­tion for high-tech work­ers per capita, ac­cord­ing to TechAmer­ica Foun­da­tion’s Cy­ber­states 2011 re­port. A strong en­tre­pre­neur­ial spirit fu­els this in­dus­try, em­ploy­ing 43,230 work­ers at 4,170 com­pa­nies through­out the nine-county re­gion.

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