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Business/Economy |
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In 2003, a tough year economically,
Colorado still rose to the top of the Corporation for
Enterprise Development's 2003 Development Report Card.
The study grades states in economic performance,
business vitality, and development capacity
and cited that Colorados economy continues to outperform
much of the rest of the nation. Colorado's well-educated
workforce provides companies with plenty of opportunity
for expansion (the state is number one in the nation for
percentage of residents with a college degree). Colorado
is one of only 8 states to receive all "As" and
"Bs"in the report card.
Colorado ranked fourth overall in the Progressive
Policy Institute's State New Economy Rankings for 2002.
The study ranks areas such as workforce, education, and
innovation capacity.
According to Denver Newspaper Agency, Colorado income
ranks 9th. Metro Denver average household income
is $81,503 and we rank 4th in $50,000+ households. Over
a third of our households fall into the $75,000+ income
category. If Metro Denver were a state, it would rank 2nd
in the nation. 5-year income growth projections
rank 1st in the US.
Metro Denver is the second most white collar market
in the nation and home to 56% of all Colorado white collar
jobs. Metro Denver unemployment consistently ranks below
the national average.
According to U.S. Bureau of Labor Statistics data, the
five-county Denver PMSA has added the fifth greatest
number of jobs of the 53 largest metropolitan areas
in the country (those with an employment base of 600,000
or more). From January through August 2002, the Denver PMSA
added 25,300 jobs, a 2.2% increase.
Colorado ranked third in the nation in the Milken Institute's
2001 New Economy Index, a 12-measure ranking to determine
states that are best poised for high tech growth.
Colorado placed in the top ten for nearly all of the criteria.
The study ranked states in areas such as exports, research
funding, number of patents issued, new business starts,
and venture capital investment.
Rankings for Denver International Airport (DIA) :
- In 2004, Skytrax rated Denver International Airport
third best in North America.
- In July 2002 Time Magazine named DIA the nation's
best run airport.
- DIA was named one of five finalists for "Best Airport"
in the world by Official Airline Guides' Worldwide
Airline of the Year Awards 2001. Global business travelers
voted in the awards.
- in 2004, JD Power and Associates ranked DIA second
among large airports for customer satisfaction and also
named it the second best airport in the country for layovers,
due to its aesthetics, restaurants, and shopping amenities.
- Consumer Reports magazine rated DIA highly in
nearly all of its categories.
Colorado is less "taxing" than many states,
according to the 2003 State Business Tax Climate Index.
Colorado has the fourth most business-friendly tax climate.
According to the April 2001 Bloomberg Personal Finance
magazine's ratings, Colorado ranks 12th in the U.S.
for collecting less money in taxes from state residents.
Colorado ranked 12th in the nation for its entrepreneurial
environment, according to a 2002 study by the Washington
D.C.-based Small Business Survival Committee. The
rankings are based on 20 major government-imposed or government-related
costs that impact small businesses and entrepreneurs. |
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Technology |
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The Milken Institute's 2004 National
State Technology & Science Index ranks Colorado as the
#3 state for comprehensive inventory of technology
and science assets. Colorado's index rating was
78.77, far above the national average of 52.64. The index
uses 75 indicators in five categories to measure how well
a state will perform in today’s knowledge-based economy.
The five composite categories are:
- Research and development inputs
- Risk capital and entrepreneurial infrastructure
- Human capital investment
- Technology and science workforce
- Technology concentration and dynamism.
Colorado ranks #1 in IT jobs at non-tech firms,
#2 in high-tech jobs and #8 for mangers, professionals,
technicians, scientists and engineers, according to the
Denver Newspaper Agency. The state serves as home to more
than 100,000 aerospace employees and 2,800 software companies.
Eleven Colorado companies are ranked among the 500 fastest-growing
technology companies in the United States and Canada.
Metro Denver is the ONLY market in the country
that ranks in the Top 20 for each of the five convergence
industry clusters – telecommunications service, telecommunications
equipment, computer software, computer storage and biomedical
industries.
Colorado ranked seventh among the 50 largest metropolitan
areas in the country for having an advanced, high-tech,
highly adaptive economy necessary to thrive in the
new millennium, according to the New Economy Index for 2001
published by the Progressive Policy Institute.
Denver ranked in the top 10 in nine of the study's 16
categories:
- second for broadband access
- fourth for overall internet infrastructure, managerial
and professional jobs, and education of its workforce
- fifth for the number of high tech jobs
- sixth in the number of new, publicly traded companies
and for the amount of venture capital in the region
- seventh for residents who use the Internet
- 14th for patents issued to local inventors
SRI International of Menlo Park, CA placed Colorado first
in the nation in a 2002 business benchmark study
it performed. The report assessed seven categories considered
important to a healthy technology economy. Colorado surpassed
all other states in overall score in seven key categories,
including human investment, financial resources, innovation
resources, infrastructure, business costs, globalization
and vitality, and quality of life.
The Progressive Policy Institute ranked Denver 10th among
all states for e-commerce. The report ranked states
by the extent to which their laws, regulations, and administrative
actions support Internet use by consumers.
The American Electronics Association ranked Colorado in
first place in concentration of high tech workers in its
Cyberstates 2003 report.
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Quality
of Life |
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Jefferson County has the highest
median household income in the Front Range of Colorado
- $60,834 - according to Census 2000 data. The County
ranks 29th in the nation for median household income.
Colorado led the nation in personal income growth from
1990 to 2000, with an average annual growth rate of 5.1
percent, according to information released in May 2002 by
the U.S. Bureau of Economic Analysis.
Business Week ranked Denver sixth - tied with Chicago
- in a 2002 ranking of cities in the U.S. where people say
they would most like to live.
Denver ranked seventh in the Morgan Quitno Press 2002
Most Livable State Award. To determine a state's "Livability
Rating," each state's rankings for 43 categories were
averaged.
A March 2001 issue of Child Magazine rated Denver
as the best U.S. city for families. The magazine
ranked 103 U.S. cities based on various criteria, with high
emphasis placed on health related issues. In the study,
Denver received high marks in the number of pediatricians
per capita, the abundance of hiking/biking trails and parks,
immunization rates, number of sunny days, and potential
for job growth in the future.
The Denver Public Library was named the
best library in the nation in 2002 among libraries
located in cities with 500,000 or more residents for the
second year in a row. Hennen's American Public Library
Ratings Index scored the nation's libraries based on
per capital spending on materials, visits, reference questions,
and circulation of materials.
Population Connection rated Denver in its top three cities
both for public safety and community life. Factors considered
were:
- Number Violent Crimes per 1000 Persons
- Number Property Crimes per 1000 Persons
- Park Acres per 1000 Persons
- Library Circulation per Child
- Children's Program Attendance Counts
The City of Westminster was selected as one of 10 "exceptional"
places in the U.S. in the book entitled, "Making
Places Special: Stories of Real Places Made Better by Planning,"
by Gene Bunnell. Bunnell praised Westminster for developing
an identity through gateway signs and landmarks, creating
beautiful developments through high design standards, and
for implementing innovative community programs.
Colorado ranked third in the U.S., just behind Hawaii
and New York, as the third most desirable tourist destination
in 2000, according to Yankelovitch Brothers Travel Monitor.
Two metro Denver hospitals rated highly in the U.S.
News and World Report's Best Hospital rankings
in 2002. The Children's Hospital - Denver ranked fourth
in Pediatrics and Craig Hospital ranked sixth in Rehabilitation.
A 2002 report in Men's Fitness magazine ranked
Denver as the nation's sixth fittest city. Men's
Fitness cited that key factors such as amount of parks and
open space, commute time, and quality of air and water contribute
to a city's fitness level. Denver has been ranked highly
in the magazine for the past four years.
In fact, several organizations and magazines give Denver
high ratings for fitness:
- In 2004, the American Podiatric Medical Association
ranked Denver the 6th best walking city
nationwide. They surveyed the most populated cities and
then examined them for walker friendly characteristics,
such as how many people walk to work each day, safe air
quality, number of parks, how many podiatrists are available
to keep your feet healthy and happy and how many health
clubs and sports stores there are to serve walkers. Denver
has a government-appointed walking coordinator to develop
special walking programs and encourage more walking within
the city.
- Data from the National Center for Health Statistics
showed that among 33 of the largest U.S. cities, Denver
has the "thinnest" citizens.
- According to an American Cancer Society 2002 report,
Colorado is the only state in the nation in which fewer
than half of the adults are overweight. The organization
also cited that due to the state's high rate of physical
activity, Colorado has the nation's third lowest cancer
death rate.
- Colorado tied with Hawaii as being the least obese
state in the nation, with a 14.9 percent obesity rate,
according to a survey appearing in the May 22-29, 2002
Journal of the American Medical Association.
- Boston-based IHRSA ranks Denver fifth in the
nation for gym participation. Approximately 17.1
percent of Denver residents belong to health clubs.
- Due to Denver's water quality, per capital share
of natural food markets, and sunny climate,
Natural Health Magazine named Denver the third
healthiest city the country.
- Rollerblade.com ranked Denver fifth among the
U.S. cities for rollerblading, with 15 of every
100 residents participating in the sport during their
spare time.
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Education |
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| According to 2003 data, the Denver
market is the most educated market in America,
with the highest percentage of college-educated adults (72%)
of any market in the country. Coloradans as a whole are
the best educated in the countrynumber one in the
nation for percentage of residents with a bachelors
degree. Year 2000 data from the U.S. Census Bureau
shows that 34.6 percent of Colorado residents age 25 or
older have earned a bachelors degree or higher. Colorado
ranks number six in the U.S. for percentage of residents
with a high school diploma, at 89.7 percent.
Jefferson County is part of the "intellectual hub"
of the Rocky Mountain region. Lakewood, was merged with
Boulder and Aurora by the internet magazine Demographics
Daily, which ranked the three cities as the seventh
top brain center in the United States for 2001. Rankings
are based on the number of residents with bachelor degrees.
Demographics Daily ranked areas with educational levels
at least 50 percent above the national average.
Based on third through tenth grade CSAP scores from the
2001-2002 school year, the State of Colorado has rated more
than half of the schools in Jefferson County "excellent"
or "high." No schools in Jefferson County were
rated "unsatisfactory."
Colorado ranked ninth in the U.S. for quality of teaching
and teaching accountability in a national study
by the Thomas B. Fordham Foundation. States were
judged in four categories: school control over hiring, non-traditional
paths into teaching, teacher accountability for student
progress, and teachers who teach the subject they know best. |
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