As we continue to recover from the COVID-19 pandemic, and face new challenges with inflation and a unrelenting hot residential real estate market, there is one constant in the good news department — Denver continues to be a popular choice for businesses looking to relocate and expand.
According to the latest CBRE Scoring Tech Talent 2021 report, Denver is ranked 9th in the United States in technology talent. Part of the Mile High City’s appeal includes its large pool of tech workers. The area had a 31 percent increase in the number of tech workers in the last five years. It also ranks third as the most concentrated market for millennials (32 percent) which according to CBRE brings, “youth, new jobs, and energy to the city.” Finally, Denver is noted for its live-work-play atmosphere with a myriad of outdoor activities available to young workers.
The city is home to over 650,000 people and the metropolitan area’s population boasts 2.9 million. Local higher education institutions Regis University, the University of Denver, University of Colorado-Denver, Metro State University, and the Colorado School of Mines churn out an educated workforce, along with the nearby University of Colorado-Boulder and Colorado State University. In addition, many of the jobs being established in the city are being filled with newcomers and people outside of the city.
Denver International Airport is now the third busiest airport in terms of passenger traffic, and approximately 35,000 people work in many different industries and professions connected to the airport. Having access to a large, international airport is often a critical piece in determining where a company establishes a presence.
Furthermore, the State of Colorado offers tax incentives to attract large employers, and Denver is a great place to live thanks to its plentiful sunshine, invigorating outdoor activities, strong neighborhood character, and a myriad of independent businesses, including oodles of coffee shops, restaurants, and breweries.
Companies Setting Up New Locations in Denver
It’s not surprising that we’ve seen a steady influx of companies moving to Denver and others expanding their presence. Here’s a look at a few of the latest standouts since July of 2021.
BetterCloud is the market leader for SaaS Operations. This New York City-based company has opened an engineering office in Denver and has plans to hire more employees in the Mile High City in the next 2 ½ years.
This auto refinancing startup based in Washington, DC will be opening its second headquarters in Denver this spring.
Denver will become Data Dog’s western headquarters. This publicly-traded company offers global monitoring and security software services. It has leased 25,000 square feet of office space in the Republic Tower and will create 400 jobs in the future.
Honest Jobs, an online job marketplace for job-seekers with felony convictions, relocated from Ohio to Denver in May 2021, establishing an office at 3000 Lawrence St.
Kin + Carta, a London- and Chicago-based digital transformation company, opened a new Denver office in November 2021. The company has 150 Denver employees, and plans call to double that number in the near future.
New Scape Studios is a media production company located in both Denver and Austin, Texas. The team has 40 employees and specializes in animation, live action, and machinima production. They opened a new 6,000-square-foot office in Englewood this year.
Orbit Fab announced last August that it will relocate its headquarters and engineering team from San Francisco to Denver. The company calls itself a “gas station in space,” since it provides fuels to satellites. Colorado also offered Orbit Fab tax incentives worth as much as $4.6 million based on its promise of creating nearly 200 high-paying jobs.
VIZIO, a California-based company that makes sound bars and televisions, has opened a new office location in Denver as a result of tremendous growth in 2020. The company plans to expand its tech and innovation team into the Denver market and hopes to hire 100+ full-time team members by the end of 2022.
These companies that have recently moved to Denver exemplify why the city is such a great place to do business. If you’re relocating to Denver for work and need help figuring out which Denver neighborhood would be the ideal place for you to live, we’re here to help.
(Editor’s note: This blog was originally published in July, 2021. It has been updated and edited to provide current information).