The investment services industry provides diverse and high-paying career paths for the state’s citizens. According to new industry data from the Metro Denver EDC, the subcluster employs 31,750 people statewide. Overall, the industry had a $7.7 billion economic impact to the state in 2016. Between 2011 and 2016, employment growth in Colorado’s investment services was more than double the U.S. rate, increasing 17.8 percent in the state compared with 8.2 percent nationwide.
The Metro Denver Economic Development Corporation, in partnership with area investment services firms, created the Colorado Investment Services Coalition to present a unified voice to address common issues and opportunities within the industry. CISC members represent Colorado’s largest investment services firms, including: Charles Schwab, Empower Retirement, Fidelity Investments, Janus Capital Group, OppenheimerFunds, TIAA, and T. Rowe Price.
Initial goals include:
- Industry promotion – creating an overall awareness of the benefits of the industry to Colorado’s economy.
- Talent attraction – developing mutually beneficial partnerships with colleges and universities to develop the workforce pipeline and to inform students of the career opportunities within the industry in Colorado. The group launched a new microsite in Feb. 2017—www.WorkAtYourPeakCO.com—to position the state as a leading hub for jobs in investment services.
- Legislative advocacy – work with officials to develop a common platform around state and federal policy needs to ensure a business-friendly environment for industry expansion in Colorado.