Last year, downtown Denver saw $1 billion in investments through completed projects. In 2015, that figure is expected to nearly double to $1.9 billion. That's just one key takeaway from the State of Downtown Denver 2015 event, hosted by the Downtown Denver Partnership (DDP)
on March 24.
There was a host of data showing the recent successes of Denver and how the city is poised to keep growing -- for instance, residential population has grown 165 percent since 2010. "In order to ensure future success we need to understand what we did right to get us where we are today," explained DDP CEO Tami Door at the event.
"Last year, we welcomed 16 new companies in downtown. These companies, many of them having significant national and international brands, further endorse downtown Denver as a key business hubs," said Door, noting that many companies attributed their choices to Denver's premiere workforce, its mobility options for employees and the overall cool factor of the city center.
Door added that Denver is attracting significant amounts of Millennials, which is important to the city's future. "As we go forward two Baby Boomers will retire for each new employee entering the workforce," she explained. "This is not just a battle to get companies to move to our cities. this a battle to get the right type of workers here."
"We are quickly becoming recognized as a premier entrepreneurial hub," Door said. "Right now, we have 370 tech startups located in the core of downtown. These companies employ 3,000 individuals. That number is growing and is growing very fast."
was one of those startups. Founder and CEO John Levisay explained that the company started in 2010 with four founders. "We're now over 260 employees and have 50 open jobs," he said. "It's been a great ride. When we were starting the company our primary investors told us we'd have to move the company to California, there wasn't enough talent here. We disagreed. We wanted to make this a Colorado company and we were committed to that and we still are."
In his comments Levisay attributed much of Denver's success in launching such companies to Denver's evolution into a commuter-friendly, city with ample access to travel options, among other things. For instance, 60 percent of Craftsy's employees take public transport, bike or walk to work, he said.
"Downtown Denver has done everything right in terms of urban planning, urban infill and residential for young employees," Levisay added. "Cost of commercial real estate and access to it is very reasonable. The engineering talent here is very strong."
Levisay also credited the success to Denver's unique "collective zeitgeist" that encompasses established companies in the region talking with startups. "Ten years from now, we'll be amazed as we get some startups that evolve into escape velocity and really achieve iconic stature."
Read the annual State of Downtown Denver report here.
Contact Confluence Denver Innovation & Jobs News Editor Chris Meehan with tips and leads for future stories at firstname.lastname@example.org.