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Financial Times looks at "new golden age" in Denver

The Financial Times reported on a "new golden age" in Denver, based on real estate and a hot economy.


More than 100,000 out-of-state residents moved to Denver between 2010 and 2014, according to the US Census Bureau, the fifth-largest migration in the country. For the first time, people aged 20 to 34 outnumber baby boomers in the city, the census data show.

"Denver has always been a magnet for people from the Midwest and parts of the west," says estate agent Anthony Rael, chair of the Denver Metro Association of Realtors' market trends committee. "But we're now seeing large numbers of newcomers from the east coast and California."

Growing technology and telecoms sectors are driving the population increase, as is general economic growth. Colorado's economy grew 4.7 per cent last year, which was more than double the national average and the fifth-strongest US state, according to the US Department of Commerce. IBM, Oracle and Lockheed Martin are among the tech companies that have expanded in Denver, bringing tens of thousands of new jobs to the city. Much of the expansion is due to job-training programmes and tax incentives launched by the city in recent years.

Read the rest here.

Read more articles by Eric Peterson.

Eric is a Denver-based tech writer and guidebook wiz. Contact him here.
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