Broadcasting & Telecommunications

A bounce from the rest of the world (and clients)

The region ranks as having the fifth-highest employment concentration for the industry cluster out of the 50 largest metropolitan areas in 2017. It is the ninth-largest broadcasting and telecommunications employment center in the nation, with more than 42,430 workers at nearly 2,750 companies. In 2017, employment rose 0.8 percent, compared with a 3.8 percent decline nationwide.

Metro Denver Broadcasting & Telecommunications Employment Snapshot U.S. data in ( )
Direct Employment 42,430
Companies 2,750
Five-Year Employment Growth (2012-2017) 1.7% (-10.3%)
One-Year Employment Growth (2017) 0.8% (-3.8%)
Direct Employment Concentration (2017) 1.8% (0.6%)
Average Wage $99,880
Employment Concentration Ranking (Among 50 largest metros) 5

The region is a top broadcasting and telecommunications location, offering:

  1. A central location and easy global access

    Metro Denver's unique geographic location in the Mountain time zone makes it the largest region in the U.S. to offer one-bounce satellite uplinks. This capability provides companies with real-time connections to six of seven continents in one business day. Further, the region's position on the 105th meridian—the exact midpoint between Tokyo and Frankfurt—favorably serves growing world markets. (Metro Denver Economic Development Corporation)

  2. A large concentration of high-quality technology workers and entrepreneurial talent
    • Nearly 40 percent of Coloradans have at least a bachelor’s degree, the second-highest college attainment rate in the nation behind Massachusetts. (U.S. Census Bureau, 2016 American Community Survey)
    • Telecommunications services and Internet services ranked among the top 5 leading tech industry sector by employment in Denver in 2017. Tech workers in Denver earn nearly double the average private-sector worker. (CompTIA, Cyberstates 2017: The Definitive National, State, and City Analysis of the U.S. Tech Industry and Tech Workforce, 2017)
  3. Low to moderate costs of doing business
    • Colorado ranked No. 8 among Forbes’ 2017 “Best States for Business” list. The state received its highest rankings for labor supply (first overall), economic climate (third overall), and growth prospects (fourth overall). (Forbes, 2017)
    • Metro Denver office rental rates averaged $30.16 per square foot in the fourth quarter of 2017, making the region’s office market highly competitive with other major markets in the U.S. (CoStar Realty Information, The CoStar Office Report, 4Q 2017) 

A pro-business environment and competitive tax structure

    • Colorado ranked as the nation’s easiest state for starting, operating, and growing an Internet business. (Internet Association, 2017)
    • Colorado ranks as one of the nation’s most favorable corporate income tax structures. The state’s corporate income tax rate of 4.63 percent is one of the lowest in the nation and is based on single-factor apportionment, which allows companies to pay taxes based solely on their sales in the state. (State of Colorado; The Tax Foundation)