Denver, Colorado, stands as a testament to economic diversity and vigorous growth. The city’s flourishing business environment has transformed it into a nexus for a myriad of industries that play a pivotal role in bolstering the local economy.
For business proprietors, job aspirants, and investors, it is imperative to grasp the nuances of Denver’s top industries.
| “Denver’s diverse industries are the backbone of its economy, driving innovation and growth in the region,” ~Nahjee Maybin, CEO, Kenyatta Computers |
In this blog, we shall embark on a journey to uncover the top industries that have left an indelible mark on Denver’s economic landscape.
We will delve into the intricacies of their contributions and the ripple effects they have on the local economy. Whether you find yourself in the shoes of a business owner, a job seeker, or an investor, the insights garnered here will equip you with the knowledge to make judicious decisions.
1. Aerospace and Defense
Denver’s aerospace and defense industry is a major contributor to the local economy.
With more than 54,300 private sector workers and military personnel, Colorado’s aerospace cluster is a powerhouse. The state is home to four military commands, eight major space contractors, and over 300 aerospace companies and suppliers.
As a result, Colorado ranked first among the 50 states for private aerospace employment concentration in 2009. If you’re looking for opportunities in this industry, Denver offers a wide range of options, from aerospace engineering to defense contracting.
Denver’s Top Industries Depend on Their IT Partners
See how support nearly 2,000 users every day and help businesses succeed
2. Technology and Innovation
The technology and innovation sector in Denver is booming.
With a strong entrepreneurial spirit, this small business-dominated cluster employed 42,300 workers in the region. According to a report by the TechAmerica Foundation, Colorado has the nation’s fifth-largest employment base in software publishing.
The state also ranked seventh in total venture capital investment, with more than 1,100 Colorado deals closed for a total of $528.8 million in investment. If you’re a tech enthusiast or entrepreneur, Denver’s technology and innovation sector offers a plethora of opportunities for growth and success.
3. Healthcare and Life Sciences
Denver’s healthcare and life sciences industry is vital for the local population and economy.
The region’s businesses employed 5,610 biotechnology and pharmaceuticals workers and 9,480 workers in medical devices and instrument production. With ten local higher education institutions supporting the cluster with bioscience programs and research assets, Denver is a hub for healthcare and life sciences.
Whether you’re a medical professional or a biotech entrepreneur, Denver offers a wide range of opportunities in this industry.
4. Energy and Natural Resources
Denver’s energy and natural resources sector emerges as a linchpin in the local economic tapestry.
The Rocky Mountain region, a veritable hotbed for fossil fuel production, boasts abundant reserves of coal, oil, and natural gas. The fossil fuel and clean technology sectors collectively provided employment to over 32,000 individuals in the region.
Denver’s wealth of natural resources, coupled with its cutting-edge energy research facilities, has made it a magnet for clean technology manufacturers and suppliers.
For those with a penchant for sustainable energy practices or clean technology, Denver’s energy and natural resources sector presents a treasure trove of opportunities.
5. Tourism and Hospitality
Denver’s tourism and hospitality sector stands as a cornerstone of the local economy, casting a wide net of influence. The city, with its array of popular tourist attractions and events, becomes a beacon for millions of visitors annually.
Denver’s pulsating culture, picturesque landscapes, and plethora of outdoor activities coalesce to create an irresistible allure for tourists. For those who ply their trade as hoteliers, restaurateurs, or event organizers, the city’s tourism and hospitality industry unfurls a panorama of opportunities, ripe for growth and success.
| Industry | Employment | Key Players | Opportunities |
| Aerospace and Defense | 54,300 | Military commands, space contractors, aerospace companies | Aerospace engineering, defense contracting |
| Technology and Innovation | 42,300 | Tech startups, software publishers | Tech entrepreneurship, software development |
| Healthcare and Life Sciences | 15,090 | Biotech companies, medical device manufacturers | Medical professions, biotech entrepreneurship |
| Energy and Natural Resources | 32,000 | Fossil fuel producers, clean tech companies | Sustainable energy, clean tech manufacturing |
| Tourism and Hospitality | N/A | Hotels, restaurants, event organizers | Hotel management, event organization |
Summing Up Top Industries in Denver, Colorado
Denver’s diverse industries are critical to the economic base of the nine-county metro Denver and northern Colorado regions.
Understanding the top industries in Denver is crucial for making informed decisions as a business owner, job seeker, or investor. With a thriving business environment and a wide range of opportunities, Denver is a hub for economic growth and innovation.
Use IT Like the Biggest Industries in Denver with Kenyatta as Your IT Partner
Are you ready to take your business to the next level?
Partner with Kenyatta Computer Services for a free consultation to diagnose your IT needs together.
With tailored IT solutions for your specific industry and business needs, Kenyatta is your trusted IT partner for success.
| Explore our range of IT services in Denver: |