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 meridianā€”the exact midpoint between Tokyo and Frankfurtā€”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 bachelorā€™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 Forbesā€™ 2017 ā€œBest States for Businessā€ 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 regionā€™s office market highly competitive with other major markets in the U.S. (CoStar Realty Information, The CoStar Office Report, 4Q 2017)Ā 

A pro-business environment and competitive tax structure

    • Colorado ranked as the nationā€™s easiest state for starting, operating, and growing an Internet business. (Internet Association, 2017)
    • Colorado ranks as one of the nationā€™s most favorable corporate income tax structures. The stateā€™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)