According to Forbes, Denver is repeatedly a top-ranked area for business development and career growth. This is for a variety of reasons. Let’s take a look at a few below:
#1 High Standard of Living at a Reasonable Price
Denver is well positioned as one of the major business hubs of the Midwest. Denver is large enough to provide access to all the amenities of the big city but at a much more reasonable cost.
The city attracts high-quality employees who want a taste of the outdoors too. Employees can enjoy lots of outdoor activities like hiking, skiing, mountain biking, rafting, climbing, snowboarding, etc. You will find great hospitals and universities in the city. Though the cost of living here is slightly more than the national average, you will lead a very high-quality life here. Consider that according to Forbes, the cost of living is 7.8% above the national average. Compare that to New York City where the cost of living is 22% above the national average!
#2 Support from the Mayor and the Governor
The Governor and the Mayor of Denver support the startup scene of the city. They formed ‘Colorado Innovation Network’ which aims to form a network between higher education, research institution, entrepreneurs and the industry leaders. While every city should support job-creating entrepreneurs, not every city does.
#3 An Educated Workforce
Denver has a college attainment rate, again according to Forbes, of 41.8%. Compare that to the 38% offered by New York and you can see how Denver stay competitive with some of the top cities in the world. Every business needs experts and Denver has no shortage of them.
Denver is one of the best places for early-stage venture capital investment. So, startup companies get a great opportunity to grow their business here.
Denver is a great place to start your startup. There is huge potential and the market is also business-friendly. There is everything present to grow a successful business here.