A CEO’s Insights

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Company Headquarters and Locations to Metro Denver

Why Metro Denver continues to attract national interest for company expansions

It’s no wonder companies are flooding to the Metro Denver region; Colorado’s impressive resume continues to sway business leaders to relocate or expand their operations and experience the state’s thriving business climate firsthand.

Since January, 27 companies have announced headquarters relocations and/or facilities expansions in the region, representing 1,638 future jobs and $6 million in investment. Just last week, Forbes ranked both Denver and Fort Collins in the top 10 for its annual “Best Places for Business and Careers” and Colorado ranks sixth in the number of new companies per 1,000 employees, according to the U.S. Census Bureau. 

Colorado continues to attract companies and workers on the move. The state has added more than 70,000 residents over the past year and Metro Denver has been at the heart of its economic recovery, accounting for more than 50 percent of the state’s labor market.

Here are five companies that are taking advantage of Colorado’s mile high appeal and establishing their headquarters or expansions in the Metro Denver area:

Headquarters News:

  1. Ardent Mills

    The soon-to-be-formed Ardent Mills, resulting fromthe merger between ConAgra Foods and Horizon Milling, picked Metro Denver for its new corporate headquarters.  The Metro Denver headquarters is expected to employ about 250 workers initially, with combined annual sales of the milling operations estimated at more than $5 billion.  In 2012, Colorado was the nation's sixth-largest winter wheat producer with a harvest valued at $594 million, according to the U.S. Department of Agriculture, making wheat the state's No. 3 crop.

  2. Cool Planet

    Cool Planet Energy Systems, a Los Angeles-based startup that turns biomass material like beetle-killed pine trees into fuel for cars, is moving its headquarters to Greenwood Village and is expected to locate its first manufacturing facility in the region.  The new headquarters could create as many as 393 jobs in the area over the next three years and has attracted major investors from the fuel industry, including BP plc, ConocoPhillips, General Electric Co., and Google Ventures.  Cool Planet plans to recruit talent from the state’s existing clean-tech worker pool, as Colorado ranks fifth in the U.S. Clean Tech Leadership Index.

  3. Terumo BCT

    Terumo BCT, Lakewood's largest private sector employer, is investing $45 million into expanding its global headquarters on its Lakewood campus.  A global leader in blood component and cellular technologies and serving customers in 120 countries and territories, Terumo currently has more than 1,900 associates working in Lakewood.  The new expansion will bring together all of Terumo BCT’s U.S.-based associates. 

    Expansion News:

  4. Electronic Recyclers International

    Electronic Recyclers International (ERI), the world's largest privately held, environmentally safe recycler of electronic waste, will open its new 81,000 square foot facility in Aurora in September, more than doubling the size of its current Denver facility.  At its seven facilities across the United States, ERI processes more than 250 million pounds of electronic waste annually with the highest capacity and most technologically advanced e-waste shredding system in North America.

  5. Time Warner Cable

    Time Warner Cable is constructing an $85 million expansion of its National Data Center West in Centennial, to open in January 2015.  The new headquarters is expected to generate more than $11 million in local income and hire 400 new employees. 

    With so many new facilities to look forward to and with continual economic growth in Metro Denver, we are confident that we will to see consistent national investment in the region. 


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About Phil Kalin

Phil Kalin joined Pinnacol Assurance as CEO in 2013. He has served as the chief executive of both public and privately-backed companies, including large hospital systems, as well as organizations focused on health care data, technology and education. He has been active nationally on health care topics related to insurance, data analytics, technology innovation, cost improvement and risk mitigation. Phil is providing an informed opinion on what we see in the Monthly Economic Indicators.

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About Pinnacol

Pinnacol Assurance is the Metro Denver EDC's Research Sponsor. Pinnacol is Colorado’s leading provider of workers’ compensation insurance. Pinnacol provides comprehensive, competitively priced coverage; immediate attention to claims; a highly qualified network of medical providers; and proactive safety programs to more than 55,000 Colorado businesses. Annually, Pinnacol supports nearly $500 million of Colorado’s economic activity, spends over 35,000 hours keeping Colorado worksites safe and provides compassionate care to over 40,000 Coloradans injured on the job.

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