Financial Services

Locate your firm in a thriving financial center

The nine-county region is one of the few areas outside of the Northeast with a significant financial industry in three key market segments:

  • Banking and finance
  • Investments
  • Insurance

Various associations and service firms support the region’s diverse financial services base of 14,000 companies and more than 98,000 employees. Five-year employment growth in investments was 22.1 percent, compared to 8.2 percent nationally.

Metro Denver Financial Services Employment Snapshot U.S. data in ( )
Banking & Financing Investments Insurance
Direct Employment 39,150 27,910 31,820
Companies 3,110 7,460 3,510
Five-Year Employment Growth (2011-2016) 1.4% (1.6%) 22.1% (8.2%) 12.2% (12.3%)
One-Year Employment Growth (2016) 1.8% (1.1%) 6.6% (1.9%) 2.1% (1.7%)
Direct Employment Concentration (2016) 1.7% (1.5%) 1.2% (0.8%) 1.4% (1.5%)
Average Wage $80,080 $170,450 $75,450
Employment Concentration Ranking (Among 50 largest metros) 14 11 28

The region is a top financial services location, offering:

  1. Access to a large, highly qualified and entrepreneurial workforce

    Metro Denver has a higher-than-average concentration of employment in business and financial operations occupations. About 6.7 percent of Metro Denver’s labor force is employed in business and financial operations occupations, compared with the U.S. average of 4.8 percent. (U.S. Census Bureau, 2015 American Community Survey 1-Year Estimate)

  2. A pro-business environment and competitive tax structure
    Colorado's general Insurance Premium Tax is lower than taxes in 14 other states. The state's Insurance Premium Tax is generally 2 percent, but businesses with a home or regional office in Colorado are only taxed 1 percent. (National Association of Insurance Commissioners, 2016)

    Colorado has the nation’s ninth-best tax climate for entrepreneurship and small business. (Small Business & Entrepreneurship Council, 2016)

  3. A central location and easy global access

    The nine-county region’s central U.S. location allows convenient access as air travelers can easily reach two-thirds of the nation within two hours and is within four hours flying time of every North American city with a population of 1 million or more. 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)

  4. The banking and finance sub cluster is comprised of transaction-oriented companies including:
    • Commercial banks
    • Credit unions
    • Lenders
    • Credit agencies
    • Mortgage bankers
    The investments sub cluster includes companies involved in:
    • Securities and commodities trade
    • Real estate investment trusts (REITS)
    • Portfolio management
    The insurance sub cluster is comprised of:
    • Insurance carriers
    • Brokerages

Additionally, Denver is home to a branch of the Federal Reserve Bank and is the location of one of only six U.S. Mints. The Denver Mint is the single largest producer of coins in the world and manufactures all denominations of circulating coins, coin dies, the Denver “D” portion of the annual uncirculated coin sets, and commemorative coins authorized by the U.S. Congress.