Colorado workforce smart and healthy, continues strong job growth
DENVER – Oct. 25, 2018 - The Metro Denver Economic Development Corporation (Metro Denver EDC) released the 14th edition of Toward a More Competitive Colorado (TMCC), an annual benchmark report analyzing Colorado's strengths, challenges, and opportunities for future job growth and economic expansion.
TMCC data indicates Colorado has a healthy business climate, talented workforce, and favorable tax structure that make it a prime place for companies to relocate or expand. With 41.2 percent of adults holding a bachelor’s degree or higher, Colorado maintains its ranking as the second-most highly educated workforce in the U.S. for the sixth consecutive year.
Colorado’s performance in other key innovation measures:
- High-Tech Employment (fourth)
- Small Business Innovation Research grants (fifth)
- NASA Prime Contract Awards (third)
- Venture Capital Investments Per $1,000 of State GDP (seventh)
- Employment Growth Rate (seventh)
- Population Growth Rate (eighth)
“Towards a More Competitive Colorado keeps us current on where we are strong, but as importantly, it conveys why our economic development work is so important,” explained J. J. Ament, CEO of the Metro Denver EDC. “Colorado’s competitiveness relies on continued investment in workforce development and infrastructure. We must focus on expanding and maintaining a talent-driven economy with statewide infrastructure assets to support long-term growth.”
Transportation funding remains a challenge for Colorado, ranking No. 26 at $543 per person. Alternatively, Colorado continues to rank well in renewable energy infrastructure, earning the state a 15th-place ranking.
Colorado has maintained its status as one of the most competitive states for business in the nation based on several key measures of economic vitality, livability, innovation, taxes, education, health, and infrastructure.
“The news is still good, but make no mistake, we also have a lot of work to do – and the data in TMCC can act as a guide to help set priorities,” Ament concluded. “Colorado is doing well, but we can’t be complacent if we want our economy to continue to create good jobs and opportunity across the state.”
About the Metro Denver Economic Development Corporation
The Metro Denver EDC is the nation’s first regional economic development organization. An affiliate of the Denver Metro Chamber of Commerce, the Metro Denver EDC focuses on six areas to expand the economy in the nine-county region: national marketing, new and existing business, mobility, DEN/international air travel, tax reform, and special opportunities. The organization also leads four industry-focused affiliates: the Colorado Resource Council, the Colorado Investment Services Coalition, the Colorado Space Coalition, and the Metro Denver Aviation Coalition. For more information, see or follow us on Twitter and Facebook.
Media contact: Sam Bailey – Vice President of Economic Development, Metro Denver Economic Development Corp., 773.255.7227.