The piece recognized how instead of competing with each other, the communities in the region put on a united front to draw in new business to the entire Metro Denver area.
This cooperative process to achieving economic growth is radically different from how other communities across the nation approach economic development – and it’s this smart approach that works in Metro Denver’s favor in terms of expanding our economy.
Accordingly to Bradley, many communities are spending tens of thousands of dollars or giving very expensive tax abatements to move a company just five or six miles down the road. This approach doesn’t bring new jobs to any region, but redistributes the capital that was already there.
Rather than trying to poach businesses from one jurisdiction to another, the groups that are a part of the Metro Denver EDC know that if a company comes, whether it locates in Denver or Aurora or Littleton or Louisville, the entire region benefits.
“If you want to create more growth, you have to put all of your assets on the table and say to a company, ‘look at all of the great things that we have here in greater Denver, come here and be a part of that,’” says Bradley. “That has been so successful that companies respect it, they are more eager to be in the Denver metropolitan area.”
Bradley also believes that companies are able to recognize that Metro Denver’s method of collaboration offers long-term advantages for their business models. A company is going to need good transportation for their employees and a workforce that is robust and well-trained, which generally comes from different jurisdictions working together.
The Metro Denver region has all the things businesses need to flourish, including a young, healthy, highly educated workforce, an affordable cost of doing business, and a multimodal transportation system that will take us years into the future.