Affordable Business Climate
Many factors make the cost of doing business in the region affordable. First, as a state, Colorado ranks sixth in Small Business Innovative Research (SBIR) grants, seventh in venture capital investments per $1,000 for state gross domestic product (GDP), and fifth in number of new companies per 1,000 employees.
Metro Denver’s utility rates are consistently among the lowest of any major U.S. city. From modern office parks wired with Internet capabilities for the needs of high-tech industries, to warehouse and distribution space, metro Denver’s large inventory of commercial and industrial real estate gives companies room to grow and expand.
A competitive commercial real estate market has also allowed existing businesses to renegotiate leases, move up to higher quality space, and shift from lease to ownership. As a result, many companies see Denver as an ideal place to rent or buy prime commercial and retail spaces for growing businesses, relocations, startups, and company expansions.
Colorado’s low state corporate tax, fair regulatory environment, low business costs, and incentives at both the state and local levels also combine to make the city one of the nation’s most competitive business venues.
Quality of life
It’s not surprising that people gravitate here from other areas of the country for Colorado’s high-tech economic base and quality environment: A large portion of Denver’s population growth has come from highly educated workers from other states who are attracted to Denver’s quality of life and outdoor beauty. In fact, estimates suggest a net migration of nearly 16,000 residents to the city in the next year – and that’s good for business.
After all, the combination of the state’s – and especially Denver’s – world-class cultural amenities, professional sports teams, beautiful scenery, and plenty of recreational opportunities give relocating employees a lot to love about this area.
For example, Denver is home to the largest public parks system of any U.S. city. Thousands of acres of open space dot the area, giving relocating employees and their families plenty of opportunities to hike, bike, and snowshoe in their own backyards since the spectacular Rocky Mountains, with world-class ski resorts and scenery, are only minutes away.