economic profile 2015-2016

METRO DENVER/NORTHERN COLORADO

2015-2016ECONOMICPROFILE

1445 Market StreetDenver, CO 80202

303.620.8092

[email protected]

Energetic Minds.Energetic Bodies.

ENERGETIC BODIES. ENERGETIC MINDS.

LARGEST CITIES

www.metrodenver.org

City County Population

Denver Denver 648,937Aurora Multi-County 344,637Fort Collins Larimer 152,205Lakewood Jefferson 147,235Thornton Multi-County 127,107Arvada Multi-County 111,559Westminster Multi-County 110,316Centennial Arapahoe 105,931Boulder Boulder 102,760Greeley Weld 96,306Longmont Multi-County 90,227Loveland Larimer 71,224Broomfield Broomfield 59,450Castle Rock Douglas 52,735Commerce City Adams 49,623Parker Douglas 48,652Littleton Multi-County 43,796Northglenn Multi-County 37,371Brighton Multi-County 36,218Englewood Arapahoe 31,676Wheat Ridge Jefferson 30,950Lafayette Boulder 26,685Windsor Multi-County 21,407

Cities with 20,000+ population.Sources: U.S. Department of Commerce, Bureau of the Census; ColoradoDivision of Local Government, Demography Section, 2014.

The Metro Denver region, which includes the seven-county Metro Denver and two-county Northern Colorado area, has all the things your company needs to flourish, including a young, healthy, and highly educated workforce, affordable business costs, and a multimodal transit system that will support us years into the future. With a dynamic and diversified economy, the region is the center of commerce and industry for the Rocky Mountain West.

Metro Northern Denver Colorado

Square Miles 4,532 6,646Population 2013 2,951,798 585,371Population 2014 3,002,629 597,558Population 2020* 3,306,177 686,659Labor Force 1,583,928 309,991Nonfarm Employment 1,466,400 234,300Average Wage $56,514 $43,332Median Age 36.6 35.2

* Projected.

The Denver-Aurora-Broomfield MSA ranked No. 2 for attracting college-educated

workers from 2007-2012.

–U.S. Census Bureau, 2014

Colorado is the nation’s second-most highly educated state for residents with a

bachelor’s degree or higher.

–U.S. Census Bureau, 2014

DEMOGRAPHICS & COMMUNITIES

POPULATION BY AGEPOPULATION

CULTURAL DIVERSITY

www.metrodenver.org

Metro NorthernAge Denver Colorado

0-14 years 20.1% 20%15-29 years 20.2% 23.1%30-44 years 22.4% 19.8%45-59 years 20.4% 19.3%60-74 years 12.2% 12.8%75 & older 4.6% 4.9%Median Age 36.6 35.2

Note: Percentages may not total 100 due to rounding.Source: Colorado Division of Local Government, Demography Section, 2014.

Metro Denver Counties Population

Adams 468,688Arapahoe 606,603Boulder 309,874Broomfield (City/County) 59,450Denver (City/County) 648,937Douglas 306,033Jefferson 552,213Total 2,951,798

Northern Colorado Counties Population

Larimer 315,728Weld 269,643Total 585,371Colorado 5,264,890

Source: Colorado Division of Local Government, Demography Section, 2014.

Population Composition Metro NorthernRace Denver Colorado

White 66.3% 76.2%Black 5% 0.9%American Indian 0.5% 0.5%Asian 3.9% 1.7%Hispanic Origin* 22.1% 19%

*Persons of Hispanic Origin may be of any race. Source: U.S. Census Bureau, Population Estimates Program, 2013.

It’s easy to attract highly skilled employees and expand your operations in Metro Denver and Northern Colorado. The area is a magnet for young, diverse, and well-educated workers. Colorado was the fourth-fastest growing state from 2013 to 2014. The region’s population increased at a rate of 1.5 percent per year between 2010 and 2014.

INDUSTRIES & COMPANIES

The qualities that make Metro Denver a great place to live also make it the perfect location for business. Colora-do’s economy continues to outpace much of the country. In 2014, Forbes ranked Colorado No. 1 for its labor supply and No. 5 overall in its “Best States for Business and Careers” report. Eight major industry clusters drive economic growth in Metro Denver and Northern Colorado.

Aerospace – With 19,560 private aerospace workers, the region ranked first in absolute aerospace em-ployment and first out of the 50 largest metro areas for private aerospace employment concentration.

Aviation – Denver International Airport (DIA) and the surrounding regional airports contribute more than $28 billion to the region’s economy annually. With approximately 16,350 aviation employees, the region ranked 11th in absolute employment.

Bioscience – The bioscience cluster offers numerous opportunities in both academic and clinical discov-ery with more than 15,120 bioscience workers in 600 companies. The region’s research universities and numerous innovation assets support industry growth.

Broadcasting & Telecommunications – With 42,810 broadcasting and telecommunications workers, the region had the nation’s fifth-highest employment concentration. The region is the largest in the United States to offer one-bounce satellite uplinks due to its unique location in the Mountain time zone.

Energy – The region is a world-class energy hub with 50,260 energy workers in 3,020 companies. Ranking

fifth in the nation for employment concentration, the cleantech subcluster grew nearly 23 percent from 2009 to 2014, compared with 15 percent growth na-tionally. The fossil fuels subcluster ranked fourth in the nation for employment concentration and fourth in absolute employment.

Financial Services – Metro Denver ranked seventh in banking and finance and 12th for investments in employment concentration, and is the major financial center between Los Angeles and Chicago. Downtown Denver’s financial district along 17th Street is known as the “Wall Street of the West.”

Healthcare & Wellness – Employment in the health-care and wellness cluster has grown every year in the last decade. With more than 192,290 healthcare and wellness workers in nearly 18,160 companies, the region ranked 13th in absolute employment.

Information Technology-Software – The region is a global hub of innovation and entrepreneurship for information technology companies. Software firms employed 2.5 percent of the region’s total employment base, compared with a 2 percent employment concen-tration nationwide.

FORTUNE 500 COMPANIES

Company Industry

Arrow Electronics Wholesaler: ElectronicsDISH Network TelecommunicationsDavita HealthCare Partners Healthcare: Medical FacilitiesLiberty Interactive Internet Services and RetailingBall Corporation Packaging, Containers

Company Industry

Newmont Mining Mining, Crude Oil ProductionLevel 3 Communications TelecommunicationsCH2M HILL Engineering, ConstructionWestern Union Financial Data Services

Source: Fortune 500 rankings, 2014.

Energetic Bodies. Energetic Minds. www.metrodenver.org

Energetic Bodies. Energetic Minds.

MAJOR EMPLOYERS - METRO DENVER MAJOR EMPLOYERS - NORTHERN COLORADO

Company Employment

HealthONE Corporation 12,190SCL Health System 8,280Centura Health 7,350Lockheed Martin Corporation 6,570CenturyLink 6,500Kaiser Permanente 6,220Comcast Corporation 5,750University of Colorado Health 5,750Children’s Hospital Colorado 5,650United Airlines 4,900

Source: Development Research Partners, 2014.

Company Employment

University of Colorado Health 5,210JBS Swift & Company 4,200North Colorado Medical Center 3,290State Farm Insurance Companies 1,790Hewlett Packard 1,300McKee Medical Center 1,280Woodward 1,280Halliburton Energy Services 1,030Avago Technologies 870Vestas 850

Source: Development Research Partners, 2014.

Information - 3.6%

Transportation, Warehousing & Utilities - 3.4%

Other Services - 3.8%

Manufacturing - 5.5%

Natural Resources & Construction - 5.8%

Financial Activities - 7.0%

Leisure & Hospitality - 10.9%

Educational & Health Services - 12.4%

14.8% - Government

14.7% - Wholesale & Retail Trade

18.1% - Professional & Business Services

Metro Denver Annual Average Non-Farm Employment (By NAICS Sector, 2013)

Transportation, Warehousing & Utilities - 2.6%

1.3% - Information

Other Services - 3.5%Financial Activities - 4.3%

Natural Resources & Construction - 9.7%

Manufacturing - 9.9%

Educational &Health Services - 9.6%

Leisure & Hospitality - 10.8%

12.1% - Professional & Business Services

14.2% - Wholesale & Retail Trade

21.9% - Government

Northern Colorado Annual Average Non-Farm Employment (By NAICS Sector, 2013)

Source: Colorado Department of Labor and Employment, Current Employment Statistics.

Source: Colorado Department of Labor and Employment, Current Employment Statistics.

www.metrodenver.org

WORKFORCE & EDUCATION


It’s no secret that our region attracts talent. More than 42 percent of our residents have a bachelor’s degree or better. While the Metro Denver region attracts workers from all over the world, it is also growing its own energetic minds. A robust educational system—from preschool to post-doctorate—prepares a workforce that’s well-matched to the evolving needs of today’s workplace.

LABOR FORCE

EDUCATIONAL ATTAINMENT

K-12 EDUCATION

WAGES

WORKFORCE DEVELOPMENT

COLLEGE ENTRANCE TEST SCORES

Metro NorthernAge Denver Colorado Colorado

Total 1,583,928 309,991 2,754,870Employed 1,481,725 290,967 2,568,150Unemployed 102,203 19,024 186,720Unemployment Rate 6.5% 6.1% 6.8%

Source: Colorado Department of Labor and Employment, 2014.

Metro NorthernAge Denver Colorado Colorado U.S.

High School Diploma 90.4% 91% 90.5% 86.6%Bachelor’s Degree/Higher 42.1% 36.1% 37.8% 29.6%

Source: U.S. Bureau of the Census, American Community Survey, 2014.

K-12 education in the region offers many choices, including high-quality public schools with alternative learning environments, such as charter and magnet schools, and private and parochial schools, all with open enrollment

Hourly wage detail can be found on the Colorado Department of Labor & Employment’s LMI Gateway page: http://www.colmigateway.com

Metro Denver’s largest providers of workforce training and education services are its six, two-year public com-munity colleges and more than 300 private occupa-tional and technical schools.

Additionally, several Colorado Workforce Centers strate-gically located throughout the region provide employers recruitment assistance, as well as helping employees with job search tools, job placement, and training.

Colorado U.S.

American College Test (ACT) 20.6* 21Scholastic Aptitude Test (SAT) 1735 1497

Colorado is one of 12 states where all 11th-grade students are required to take the test.

Source: Colorado Department of Education, 2014; ACT, Inc., 2014; and College Board, 2014.

www.metrodenver.org


MILE HIGH INNOVATION

HIGHER EDUCATION

COMMUNITY COLLEGES

The first U.S. patent office west of the Mississippi opened in Denver in June 2014. The Denver location is the second satellite location for the patent office and is the first of three to be located in the western U.S. The office will house 20 patent judges to handle appeals and add 120 jobs in the first year of operation. The new location is expected to generate an economic impact of $440 million in the first five years.

The USPTO chose Denver because the region has one of the highest per capita rates of people with science and technology degrees, has relatively low living costs, and offers a high quality of life and a desirable location in which to recruit and retain the most talented workers. The patent office will further breed and expand Colora-do’s already enviable high-tech and innovation economy.

As a business location, the region’s higher education system is one of the area’s greatest assets. Eleven, four-year public and private colleges and universities, includ-ing world-class research institutions, are turning ideas into discoveries and making medical breakthroughs with significant worldwide impact.

Aims Community CollegeArapahoe Community CollegeCommunity College of AuroraCommunity College of DenverFront Range Community CollegeRed Rocks Community College

FOUR-YEAR COLLEGES & UNIVERSITIES

Institution Enrollment

University of Colorado Boulder (CU) - Boulder 30,159Colorado State University (CSU) - Fort Collins, Denver 27,400Metropolitan State University - Denver** 22,190University of Colorado Denver (CU Denver) - Denver, Aurora 17,963University of Denver (DU) - Denver 11,778University of Northern Colorado (UNC) - Greeley 10,814Regis University – Denver* 10,683Colorado School of Mines (Mines) - Golden 5,610Colorado Christian University - Lakewood* 3,917University of Phoenix - Metro Denver* 1,703Johnson & Wales - Denver 1,529Total Fall 2013 Enrollment 143,746

*Estimate.**Formally Metropolitan State College of Denver (name change effective 2012).Source: Colorado Commission on Higher Education; Individual Schools, Fall 2013 enrollment for largest colleges and universities.

www.metrodenver.org

TRANSPORTATION & INFRASTRUCTURE


The Metro Denver region’s central location and growing economy combine to make the area one of the country’s most important transportation hubs. The region’s transportation system is among the best in the country—with a modern and efficient airport, an expanding multimodal infrastructure, and long-established rail service.

DENVER INTERNATIONAL AIRPORT RELIEVER AIRPORTS

INTERNATIONAL FLIGHTS

INTERNATIONAL TRADE

Denver International Airport (DIA), one of the world’s most modern and efficient airports, is a short 23-mile drive from downtown Denver. Home to 16 commercial carriers, DIA offers nonstop service to more than 180 destinations including 24 international locations. DIA is the fifth-busiest airport in the nation and 15th-busiest in the world.

Colorado’s commercial and general aviation airports not only form a cohesive system for commerce and air travel needs, but generate a $36.7 billion annual impact ac-cording to the Colorado Department of Transportation. Centennial, Front Range, and Rocky Mountain Metropol-itan Airports serve as Metro Denver’s three strategically located reliever airports.

Five general aviation airports—Boulder Municipal, Erie Municipal, Longmont Municipal Airport, Fort Col-lins-Loveland Municipal, and Greeley-Weld County Airports—also serve the region.

Adding new direct international flights is one of the Metro Denver EDC’s six major initiatives. In 2014, United Airlines launched new nonstop service between Denver and Panama City. The flight will increase access to Cen-tral and South America with connections from Panama City to nearly 40 destinations in 11 countries.

New direct international flights are key to the region’s economic development strategy to expand commerce, trade opportunities, jobs, and overall economic impact.

Denver’s central U.S. location on the 105th meridian at the midpoint between Tokyo and Frankfurt makes it a strategic location for conducting international business. With its unique Mountain time zone location, Denver is the largest U.S. city offering one-bounce satellite uplinks to world satellite networks and realtime connections to six out of seven continents in one business day.

Colorado’s five largest trading partners are Canada, Mex-ico, China, Japan, and South Korea. Colorado’s top three exports are computers and electronic products, food products, and machinery.

Source: U.S. Department of Commerce, International Trade Administration, 2014.


A REGION ON THE FASTRACK

The largest buildout of a U.S. mass transit system since the Washington, D.C. Metro, the Regional Transportation District’s (RTD) $7.4 billion FasTracks program will include a commuter rail line between Denver International Airport and downtown Denver’s Union Station. FasTracks will connect the region with 140 miles of new light rail, commuter rail, and bus rapid transit, with four rail lines opening in 2016. FasTracks is projected to create more than 7,000 jobs during the height of construction and will pump billions of dollars

into the regional economy.

Interstate HighwaysNorth-South Interstates I-25, I-225, I-270

East-West Interstates I-70, I-76

Metro Denver Highways C-470, E-470, Northwest Parkway, U.S. 36, U.S. 285, U.S. 6

Northern Colorado Highways U.S. 85, U.S. 34, U.S. 36, U.S. 287

RailFreight Service Burlington Northern Santa Fe Railway, Union Pacific Railroad

Passenger Service Amtrak

Light Rail/Bus The Regional Transportation District (RTD), funded by a one percent sales tax, operates 992 buses on 132 fixed routes and 172 light rail vehicles on 48 miles of track.

Central Rail Extension

Southwest Rail Extension

Southeast Rail Extension

East Rail Line

West Rail Line

Gold Line

US 36 BRT Line

North Metro Rail Line

Northwest Rail Line

I-225 Rail Line

Commuter Rail

Light Rail

Existing Light Rail

Bus Rapid Transit

Park-n-Ride

Station without parking

Downtown Longmont

SH 7/162nd

Jefferson County Government Center• Golden

SITE SELECTION


Metro Denver’s large inventory of commercial and industrial real estate satisfies the requirements of nearly every company. From modern office parks wired for the needs of high-tech industries to warehouse, distribution, and manufacturing facilities with access to rail, available land, and existing buildings are scattered throughout the re-gion so employers can pinpoint optimal sites based on exact needs.

COMMERCIAL REAL ESTATE

SITE SELECTION WEBSITE - www.metrodenver.org

Metro NorthernOffice Denver Colorado

Average Lease Rate (full-service) $22.87/sf $18.77/sfVacancy Rate 10% 5.4% Industrial

Average Lease Rate (triple-net) $6.10/sf $6.74/sfVacancy Rate 3% 3.1% Retail

Average Lease Rate (triple-net) $15.47/sf $12.95/sfVacancy Rate 5.6% 4.8%

Note: Lease and vacancy rates are for direct space only.Source: CoStar Realty Information Inc., Q4 2014.

If your company is planning to relocate or expand its operations in Metro Denver, look no further than www.metrodenver.org. The site features a GIS property database to search for available buildings and sites and a Data Central section to access the latest info and reports on Metro Den-ver’s industries, business climate, and innovation economy.

Denver ranked No. 4 for its vibrant commercial real estate

market in the 2015 Emerging Trends in Real Estate report.

–ULI and PwC, 2014


STATE INCENTIVES TAXES

UTILITIES

The Job Growth Incentive Tax Credit allows companies to apply to the Colorado Economic Development Com-mission (EDC) for a state income tax credit based on the payroll tax cost from creating new jobs. To qualify, com-panies must create at least 20 new jobs in the region and pay wages above the local average. If approved by the EDC, the company is credited half of the amount it paid in federal Social Security and Medicare taxes on the jobs created, about 3.8 percent of each job’s annual wage.

Colorado FIRST training grants offset training costs other than the trainee’s salary for companies that are relocating to Colorado or existing companies that are undertaking a major expansion. Existing Industry train-ing grants support Colorado companies implementing new technology to remain competitive and keep jobs in Colorado.

Colorado Enterprise Zone Program provides incentives for new businesses to locate or expand in economical-ly distressed areas in Colorado as designated by the Colorado Economic Development Commission (EDC). Businesses located in a zone may qualify for 10 different Enterprise Zone Tax Credits and incentives to encour-age job creation and investment. Four of Colorado’s 10 Enterprise Zones are in Metro Denver; two are located in Northern Colorado.

State Corporate and Personal Income Tax Tax years beginning on or after:January 1, 2000 4.63%January 1, 1999 4.75%Prior to January 1, 1999 5%

Sales TaxTotal State, Local, and Special Districts 3.25%–9.25%

Single Factor Tax ApportionmentColorado simplified its corporate income tax structure in 2008 changing from multiple factor to single factor apportionment, which assesses taxes on a company’s sales in Colorado only. Prior to single factor, the taxpay-er could decide each year whether to use the standard three-factor formula (wages, property, and sales) or a special two-factor (property and sales) formula.

The region’s utility rates are equitable compared to other large metropolitan areas. Xcel Energy (www.xcelenergy.com), the state’s largest utility, is the primary provider of electricity and natural gas in the Metro Denver area. Unit-ed Power (www.unitedpower.com) and Intermountain Rural Electric Association (www.intermountain-rea.com), also provide services in the region.

Colorado is the nation’s No. 1 economy, with strong job and GDP growth.

–Business Insider magazine, 2014

LIVING HERE


CLIMATE

The region has a semi-arid, four-season climate with mild temperatures and nearly 300 days of annual sunshine.

Coldest Month January, 44 degrees averageWarmest Month July, 89 degrees averageAverage p.m. Humidity 41%Average Precipitation 14.3 inchesAverage Snowfall 59.6 inchesPossible % Sunshine 69%

Source: U.S. National Oceanic and Atmospheric Administration, 2013.

INCOME

COST OF LIVING

Metro NorthernAge Denver Colorado Colorado

Per Capita Personal Income, 20131 $52,357 $38,503 $46,897Median Household Income, 20132 $62,760* $59,052** $58,823 $58,611***

*Estimate for the Denver-Aurora-Broomfield MSA.**Estimate for the Fort Collins-Loveland MSA.***Estimate for the Greeley MSA.

Source: 1 U.S. Department of Commerce, Bureau of Economic Analysis, State and Local Area Personal Income Estimates. 2 U.S. Census Bureau, American Community Survey, 2014.

Metropolitan Area All Items

New York, NY 214.5San Francisco, CA 165.5Washington, DC 138.8Boston, MA 137.1San Diego, CA 135.7Los Angeles, CA 133.3Seattle, WA 131.3Portland, OR 124.9Chicago, IL 114.4Miami, FL 110.4Denver, CO 108Las Vegas, NV 106.6Atlanta, GA 100.4Houston, TX 97Dallas, TX 96.9Phoenix, AZ 95.7Salt Lake City, UT 95.5St. Louis, MO-IL 94.7Austin, TX 93.8Albuquerque, NM 92.6Raleigh, NC 92.3

Source: Council for Community and Economic Research, C2ER Cost of Living Index, Q3 2014.

Panoramic vistas to marvel at on your morning commute. Nearly three hundred days of sunshine. The largest public parks system of any U.S. city. World-class theatres, museums, and sports teams. A cost of living that’s easier on your wallet than living in California or East Coast cities. The region’s mild climate and wealth of recreational activities make it the perfect environment for energetic bodies. Its educational and cultural opportunities make it the ideal home for energetic minds.


HOUSING

Metro Northern Denver Colorado

Median Home Price, 2013 $280,600* $261,000**Monthly Apartment Rent, 3Q 2014*** $1,145 $1,085

Sources: *National Association of Realtors; **Fort Collins Board of Realtors, Median home price for Fort Collins; ***Apartment Association of Metro Denver and Colorado Division of Housing.

HEALTHCARE

The region has some of the finest hospitals and is on the leading edge of clinical research. Scientific research occurs in both independent research facilities and in the state’s prominent universities. The U.S. News and World Report ranks several facilities among the nation’s best:• The University of Colorado Hospital – Second in

pulmonary care with National Jewish Health, 15th in cancer care, 18th in nephrology, 19th in gynecology, 34th in diabetes and endocrinology, 35th in urology, 40th in neurology, 45th in orthopedics, and 46th in gastroenterology.

• Porter Adventist Hospital – 50th in orthopedics and the second ranked hospital in Metro Denver.

• Craig Hospital - Seventh in rehabilitation and in the top 10 nationally for the 25th-consecutive year.

• Children’s Hospital Colorado – Sixth in the national honor roll, fourth in neonatology and diabetes and endocrinology, fifth in pulmonology, seventh in or-thopedics, ninth in cancer care, tenth in gastroenter-ology, 14th in neurology, 16th in cardiology, and 22nd in urology.

LARGEST FULL-SERVICE HOSPITALS

Number of Hospital Name Licensed Beds

Presbyterian/St. Luke’s Medical Center 680Saint Joseph Hospital 565University of Colorado Hospital 551Denver Health 525

Source: Denver Business Journal, Book of Lists 2014/2015.

Colorado has the nation’s lowest obesity rate and is No. 2 for physical activity.

–Trust for America’s Health, 2014; Kaiser State Health Facts, 2014

CULTURE & RECREATION


CULTURE TOP DENVER-AREA CULTURAL ATTRACTIONS

Culture abounds in the Metro Denver region, even from a business standpoint. The area is the cultural capital of the Rocky Mountain region and is home to the Denver Performing Arts Complex, the nation’s largest arts com-plex under one roof. Visitors can attend the symphony, ballet, opera, theatre, and touring productions there and at numerous exhibiting institutions and perfor-mance venues throughout the area.

Citizens in Metro Denver support arts and culture through the Scientific and Cultural Facilities District (SCFD), a voter-approved sales tax earmarking one cent of every $10 in retail sales to support art, culture, and scientific organizations in the seven-county Metro Denver region. A national model for funding culture, in 2013 the SCFD distributed more than $47 million to 280 arts and culture organizations. In 2013, residents made over 14.6 million visits to SCFD organizations.

• Denver Zoological Gardens• Denver Museum of Nature and Science• Elitch Gardens• Denver Botanic Gardens• Denver Art Museum• Denver Center for the Performing Arts• Downtown Aquarium• Water World• Arvada Center for the Arts and Humanities• Colorado Symphony• The Children’s Museum of Denver• Butterfly Pavilion• Colorado Renaissance Festival• Denver Chalk Art Festival• Denver Film Society• History Colorado Center• Wildlife Experience Museum• Buffalo Bill Museum• Lakewood Heritage Culture & the Arts• Colorado Railroad Museum• Dinosaur Ridge• Colorado Ballet

Sources: Denver Business Journal Book of Lists, 2014/2015; individual attractions.Colorado is the fourth-best

state in which to make a living.

–MoneyRates.com, 2014


RECREATIONAL OPPORTUNITIES SHOPPING

SPECTATOR SPORTS

The region’s mild climate and high emphasis on wellness combine to make the area one of the most active and healthiest in the country. With the nation’s largest public parks system and 42 state parks, four national parks, and 11 world-class ski resorts in the metro area’s backyard, prime recreation opportunities abound.

Population growth in Metro Denver has spurred high demand for retail products and services—with several new shopping and lifestyle centers under construction or newly completed.

The multimodal Denver Union Station officially opened July 2014. The $1.7 billion revitalization of the Denver Union Station includes 10 independent local retail and restaurant outlets across 22,000 square feet on the ground floor, a 12,000-square-foot public common area, 40,000 square feet of outdoor plaza space, and a 112-room Crawford Hotel. Metro Denver caters to the professional sports enthusi-

ast with winning teams and some of the newest sports venues in the nation. Each of the venues was construct-ed within the past 18 years, and three are located in or near downtown Denver. More than six million fans attend sporting events in Metro Denver each year.

Seven Professional Sports Teams:Colorado Avalanche – Two-time Stanley Cup championsDenver Broncos – Two-time Super Bowl championsColorado Rockies – 2007 National League championsDenver Nuggets – Basketball (NBA) Colorado Mammoth – Lacrosse (NLL)Colorado Rapids – Soccer (2010 MLS Cup champions)Denver Outlaws – Lacrosse (MLL) Thank you to Colorado Tourism, VISIT DENVER, and other companies and

organizations contributing photos to this publication.

Denver ranked as the fourth-fittest city in the country in the 2014

American Fitness Index.

–American College of Sports Medicine

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Castle Rock

Parker

Greenwood Village

Golden

Commerce City

Federal Heights

BrightonLouisville

Superior

Lafayette

Erie

Bennett

Lone TreeHighlands Ranch

Morrison

Evergreen Littleton

Sheridan Englewood

Wheat Ridge

Edgewater

Northglenn

Loveland

Glendale

Arvada

WestminsterThornton

Boulder

Longmont

Estes Park

Greeley

Lakewood

Centennial

Windsor

Timnath

Wellington

Fort Collins

Aurora

Ault

Dacono Fort Lupton

Platteville

Gilcrest

Firestone

Frederick

Mead

EatonSeverance

Johnstown

Berthoud

Evans

LaSalleKersey

Lochbuie

Hudson

Keenesburg

Milliken

Douglas County

Jefferson County

Broomfield County

Arapahoe County

Adams County

Boulder County

Larimer County

Weld County

Denver County

Denver

Airports

Commercial Service

Reliever Airports

General Aviation Airports

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Longmont Municipal Airport

Denver InternationalAirport

Front Range Airport

Centennial Airport

Rocky MountainMetropolitan Airport

Boulder MunicipalAirport

Erie Municipal Airport

Greeley - Weld County Airport

METRO DENVER/NORTHERN COLORADO

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economic profile 2015-2016

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