It’s all but impossible to overstate the importance of entrepreneurship and business formation to economic growth. For example, businesses that are less than five years old account for nearly all net new job creation in the U.S. and almost 20 percent of gross job creation, according to the Ewing Marion Kauffman Foundation, an entrepreneurship-focused non-profit in Kansas City. In fact, every year an average of 1.5 million jobs are formed by companies less than
If there’s one constant in the field of workforce development, it’s change. Markets change. Opportunities change. Workforces change. In fact, according to Pew Research, some 10,000 Baby Boomers retire from the U.S. workforce every day. It’s been this way since 2011, and researchers expect the trend to continue until 2030. This is a massive shift in the U.S. population — especially given the fact that Baby Boomers make up more than 26 percent of
In the world of economic development, we tend to talk a lot about “clusters.” These economic clusters are simply networks of related companies and institutions within a certain geographic area. Often, these clusters gather together in a given area due to some built-in advantage, whether it’s available talent, a favorable regulatory environment, or some other reason. For instance, the Detroit metro area economic cluster has long been focused on
It’s safe to say that 2018 was the “summer of the scooter.” Not one, not two, but a total of three dockless scooter rental companies launched in the Denver metro area this year, bringing hundreds of powered two-wheelers to the city’s streets and sidewalks. (Often not without controversy.) Since then, more new companies have entered the market. On
From blockchain to bakeries, transportation initiatives to mountain trips, Denver South EDP covers a lot of ground. What were your favorite topics this year? What would you like to read about in 2019?
We want your input! Please fill out this (anonymous) survey and help guide our content for next year.
In 2018, Denver South EDP published 128 blog posts, covering topics ranging from beaches to cryptocurrency, from China to Lone Tree. Our goal is to keep you up-to-date on regional news, to provide tips for your work life and your not-at-work life, and to share information from around the world that impacts you in Colorado. Whether you’re a small business owner, a top-level exec, or an engaged member of the community, we’ve got the info
Over the last few decades, Denver South has emerged as a leader in the U.S. aerospace industry. More than 4,100 people work for some 20 aviation and aerospace companies in the region, and 21% of all aerospace employment in the nine-county Denver Metro Region is in Denver South. These are good jobs, too. The average salary for an aerospace worker in the region is
First, the good news. Women have made great strides in the workplace over the last several decades. Since WWII, women’s participation in the U.S. labor force has climbed from just 32.7 percent to more than 56 percent today. Overall, 47 percent of all U.S. workers are women. What’s more, they’ve been earning more bachelor’s degrees than men since the 1970s; today more than 40
Some regions are known for their bounty of agriculture
—take the great breadbasket of the US mid-west, or the olive orchards and grape vineyards of Spain and Italy—while other regions have resources that contribute towards non-consumable products—Persian rugs from Iran, for example. Those regions are blessed with natural resources that allow a certain degree of specialization, contributing to their leadership as exporting hubs for their industry. Most nations have a few industries or natural resources that
The unemployment rate is a funny thing.
As of October 2018, the national U.S. unemployment rate was 3.7 percent, meaning that more than 96 percent of the U.S. adult workforce that wanted to be was employed, according to the Bureau of Labor Statistics. At the same time, more than 250,000 new jobs were created in the month, employing even more people than held jobs in September. A 5 percent unemployment rate has long