Forbes and Wells Fargo Agree On Denver’s Strong Economic Recovery

Aug 28, 2013

Denver and Fort Collins made it to the top 10 in Forbes magazine’s annual ranking of the best U.S. cities for business and careers.

The magazine’s ranking is based on 12 factors tied to jobs, cost of business, cost of living, income growth, quality of life, and education of the labor force.

Here’s how Forbes described Denver: “Denver‘s relatively central location makes it a natural location as a distribution hub for the American west, while also supporting a number of growing industries in technology and telecommunications. Its location just east of the mineral-rich Rocky Mountain range encouraged mining and energy companies to spring up in the area, making the energy industry another staple of Denver’s economy. Denver is home to many nationally recognized museums, including a new wing for the Denver Art Museum, the second largest performing arts center in the nation after Lincoln Center in New York City, bustling neighborhoods such as LoDo (lower downtown), filled with art galleries, restaurants, bars and clubs. Because of its proximity to the mountains, and generally sunny weather, Denver has gained a reputation as being a very active, outdoor oriented city.”

A recent report released by Wells Fargo agrees with Forbes that Colorado is experiencing a strong economic recovery compared with the nation, and Denver is driving that improvement.

“State economic conditions have gradually begun to accelerate over the past year, as the labor and housing markets continue to recover, particularly in the Denver area,” the report said. “Colorado also enjoys fairly steady population growth, adding more than 70,000 residents over the past year.”

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