The Economist looks at immigrants creating jobs in Denver

The Economist ran a story about job creation by immigrant-founded companies that cited RingCentral's office in Denver.

Excerpt:

New firms have an impact across America. "We haven’t told enough stories about high-tech job creation inspired by young firms," says Michael McGeary of Engine, an advocacy group for start-ups. Last year Engine sponsored a study that showed high-tech employment growing fastest in places you might not associate with bits and bytes (see right-hand chart). Many start from a low base. But it is clear that high-tech jobs are spreading beyond Silicon Valley and New York.

Some are being created by start-ups local to the area. Others are being offered by firms such as ZocDoc, a New York start-up that helps people find doctors and dentists, and lets them make appointments online. In March the company opened an office near Phoenix, where it plans to add 650 staff over the next three years. Oliver Kharraz, a German who is one of ZocDoc's co-founders, says the firm, which employs some 400 people, needed a presence out west to help it serve customers there and drive new sales. It also wanted to ensure that business would keep ticking over even if New York were to be hit by a hurricane again.

Other companies in tech hubs have opened faraway offices to tap new pools of skilled labour. Appirio, which advises companies on cloud-computing strategies, has opened an office in Indianapolis. "Lots of talented students are hungry for tech jobs, which are rare there," says Narinder Singh, one of the company’s co-founders, whose parents came to America from India. RingCentral, a Silicon Valley firm that supplies cloud-based phone systems to businesses, has hired 74 staff in an office in Denver that opened in 2011. Vlad Shmunis, the firm's Ukraine-born founder, says it wanted to be near another big university that could be a source of smart employees.

Read the rest here.
Enjoy this story? Sign up for free solutions-based reporting in your inbox each week.

Read more articles by Eric Peterson.

Eric is a Denver-based tech writer and guidebook wiz. Contact him here.
Signup for Email Alerts