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Economic development in Denver strong in 2016

2016 was a good year for economic development in Denver.

There were 579 affordable housing units created throughout Denver, and two mixed-income condominium developments at separate transit-oriented development sites, according to the Denver Office of Economic Development’s (OED) annual report on job creation and capital investment.

OED also supported catalytic development in Arapahoe Square, which has been a priority for the city, by providing gap financing for the Rocky Mountain Public Broadcasting Network’s new headquarters and innovation center. 

The city’s various incentive, tax credit, loan and training assistance programs helped 85 companies expand in Denver, collectively creating 2,968 new jobs and making more than $111 million in capital investments.

“During this dynamic period of growth for Denver, we have maintained a laser focus on propelling the powerful momentum of our economy forward, supporting diverse commercial sectors, good jobs, strong neighborhoods and a fertile climate for entrepreneurship,” says Mayor Michael Hancock. 

Other highlights of the annual report include: 
 
  • Completion of a comprehensive economic analysis to support the creation of an agribusiness innovation area surrounding the National Western Center redevelopment.
  • Support of 36 separate neighborhood development projects designed to enhance neighborhood vitality.
  • Increased access to contracting opportunities by growing the city’s business certification programs, with a total of 1,278 small and minority/women-owned firms earning more than $105 million from the city’s construction, professional services and purchasing opportunities.
  • Serving more than 30,000 people with job search assistance through Denver Workforce Services.

Read more articles by Margaret Jackson.

Margaret is a veteran Denver real estate reporter and can be contacted here.
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