In Good Health: Healthcare and Life Sciences in Denver South
- 22,700 healthcare and life sciences employees
- $61,300: healthcare and life sciences average annual salary
- The healthcare cluster in Denver South is resilient to economic cycles, with employment increasing every year since 2003
- The region’s healthcare and wellness employment rose an average of 8.9 percent per year between 2011 and 2016, compared with 1.7 percent growth at the national level
Reasons to locate your healthcare or life sciences business in Denver South:
- Douglas County is ranked as the healthiest county in Colorado. (University of Wisconsin Population Health Institute, 2017)
- Denver ranked among the nation’s 28 largest cities for several health indicators including the lowest incidence of tuberculosis, the highest rate of pneumonia vaccinations among adults 65 years and older, the second-lowest rate of adult obesity, and the second-highest rate of physical activity. (The Big Cities Health Coalition, 2016)
- Metro Denver ranked as the third-fittest metropolitan area in the U.S. in 2016. Increased physical activity, low obesity and diabetes rates, and access to recreational opportunities contributed to its high rank. (American College of Sports Medicine, 2016)
- Colorado has the lowest adult obesity rate in the nation (20.2 percent) and is the only state with an obesity rate below 21 percent. (Trust for America’s Health, 2016; Robert Wood Johnson Foundation, 2016)
- Lone Tree ranked among the best places in Colorado for millennial job seekers. The city’s millennial population increased over 50 percent from 2010 to 2013. (NerdWallet, 2015)
- Denver ranked as the 13th-best market for life sciences based on employment, employment growth, venture capital funding, and National Institutes of Health funding in the 2016 Life Science Outlook. (Jones Lang LaSalle, 2016)
- Metro Denver ranked as the fourth-best metro area for science, technology, engineering, and mathematics (STEM) professionals in 2016. Metro Denver ranked seventh for the projected number of STEM jobs needed by 2020. (WalletHub, 2016)
- Colorado ranked among the top 10 states that have a specialized concentration of medical device and equipment jobs and ranked seventh for bioscience-related venture capital distribution dollars per 1 million population. Colorado bioscience companies have received $1 billion in venture capital investments since 2012. (Battelle Memorial Institute, 2016)
- Colorado has 10 higher education institutions with bioscience programs. Biological sciences graduate programs at the University of Colorado Boulder, Colorado State University, and the University of Colorado Denver ranked within the nation’s top-100 in 2014. (S. News & World Report, 2014)
- Sky Ridge Medical Center has received several awards and honors:
- Leapfrog Group awarded the hospital an “A” grade in hospital safety in 2017. The hospital grade is based on 30 measures of patient safety, including infection rates and medical errors. (The Leapfrog Group, 2017)
- The hospital was awarded the HealthGrades’ 2017 Outstanding Patient Award and received two Clinical Quality Awards for cranial neurosurgery and gastrointestinal care. (HealthGrades, 2017)
- Sky Ridge ranked as the sixth-best hospital in Colorado and third-best regionally ranked hospital in Metro Denver in 2016. The hospital was ranked in three high-performing specialties: chronic obstructive pulmonary disease, heart failure, and hip replacement. (S. News & World Report, 2016)
- The hospital earned the 2017 Women’s Choice Award as one of America’s Best Breast Centers. The award signifies that Sky Ridge is in the top 7 percent of 4,789 U.S. hospitals offering breast care services. (Women’s Choice Award, 2017)
- The Colorado Center for Reproductive Medicine (CCRM) is one of the nation’s leading fertility clinics, providing a wide variety of treatments ranging from basic infertility care to the most advanced technology available. Two-thirds of CCRM’s patients travel to Colorado from other states and countries for treatment. CCRM is internationally recognized for success rates and scientific achievements in the field of reproductive endocrinology.
- Rocky Vista University (RVU), College of Osteopathic Medicine in Parker is the nation’s first private, for-profit medical school. RVU offers osteopathic medicine as its primary program and has 100 percent placement rate of all graduates into residency programs of nearly all specialties. (Rocky Vista University College of Osteopathic Medicine, 2017)
- Children’s Hospital Colorado (CHC) ranked among the top 10 children’s hospitals in the nation with four of its specialty areas among the top 10 in their respective categories. CHC was also named to the S. News’ Honor Roll, ranked fifth on Parents magazine’s top children’s hospitals in the nation, and was named the winner of the 2015 American Hospital Association-McKesson Quest for Quality Award. (U.S. News & World Report, 2016; Parents, 2013; American Hospital Association, 2015)
- Colorado has one of the nation’s most favorable corporate income tax structures. The state’s corporate income tax rate of 4.63 percent is one of the lowest in the nation and is based on single-factor apportionment, which allows companies to pay taxes based solely on their sales in the state.
- Colorado offers various bioscience tax incentive programs to promote growth including:
- Biotechnology Sales and Use Tax Refund was created for Colorado taxpayers to refund state sales and use taxes paid on purchases of tangible personal property used directly in biotechnology R&D.
- Sales and use tax is exempt for equipment used in R&D of medical devices or clean technology. The exemption refunds up to $50,000 per year in sales and use taxes for companies with less than 35 employees and more than 50 percent employed in Colorado. (Exemption clarified in Colorado House Bill 15-1180)
- Manufacturing Sales & Use Tax Refund Colorado provides an exemption from state sales and use tax paid on the purchases of manufacturing machinery and machine tools and parts.
- Cleanroom Sales & Use Tax Exemption Colorado provides an exemption from state sales and use tax paid on the purchase of machinery that comprises a cleanroom from July 1, 2007 to July 1, 2017.
- Advanced Industry Workforce Development provides companies a reimbursement for expenses related to hiring an intern or apprentice.
- The Advanced Industry Investment Income Tax Credit allows investors to receive tax credits for investing in early-stage, advanced industry companies. Investors can claim tax credits worth 25 percent of their investment in the company if they do not own more than 30 percent of the business before the investment was made or 50 percent after, up to a maximum of $50,000 in tax credits.
- Metro Denver ranked in the top two areas among Forbes‘ 2017 “Best Places for Business and Careers” for the third-straight year. (Forbes, 2017)
- Colorado ranked among the top five “Best States for Small Business Friendliness” in 2016. Denver received an “A-” grade for overall friendliness. (Thumbtack.com, 2016; Ewing Marion Kauffman Foundation, 2016)
- Highlands Ranch (sixth) and Centennial (13th) ranked among MONEY Magazine’s 2016 “Best Places to Live” list.
Centennial ranked among the “Best Cities for Young Families” in 2017. The city ranked No. 49 out of 510 U.S. communities.
- The Denver South region boasts a variety of quality living options from expansive apartment complexes to single-family homes surrounded by open spaces. The area is also known for beautiful neighborhoods, award-winning schools and popular parks and trail systems.
- The South Metro Corridor is home to seven state parks, greenways, and a national forest and has preserved over 50,000 acres of natural open space. The High Line Canal, designated as a National Landmark Trail, contributes to the region’s robust trail system.
- Denver ranked fifth among the “2016’s Best Large Cities to Live In.” Denver scored first for livability and third for local economy and taxes.
- Metro Denver ranked as the third-fittest metropolitan area in the U.S. in 2016.
Nearly 30 public and private golf courses are located in the South Metro Corridor and world-class ski resorts are located within 100 miles of the Corridor.
- The Prime Health Challenge is a three-month program of mentorship and competition for digital health companies in Colorado and is the first of its kind in the West. Qualifying companies will receive one-on-one advice from industry experts and have the chance to pitch to healthcare professionals, provider executives, and investors for over $150,000 in funding. Companies that demonstrate outstanding value also have the chance to pilot their product in one of our host healthcare institutions.
- The Advanced Industries Accelerator (AIA) Programs promote growth and sustainability in Colorado’s advanced industries, including advanced manufacturing, aerospace, bioscience, electronics, energy and natural resources, infrastructure engineering, and technology and information. Since 2013, the AIA program has granted over $35 million to nearly 230 organizations. These industries account for nearly 30 percent of the state’s wage earnings, nearly 30 percent of the total sales revenue across all industries, and nearly 35 percent of the state’s total exports. (The Colorado Office of Economic Development and International Trade, 2016)
- Colorado ranked third in the nation for Small Business Innovation Research (SBIR) grants per worker. The state received more than 200 grants totaling nearly $82.1 million, or $32.90 in grants per worker compared with the U.S. average of $11.80. (U.S. Small Business Administration, 2016; U.S. Bureau of Labor Statistics, 2016)
Meet Your Neighbors
Sky Ridge Medical Center
Sky Ridge Medical Center, the first hospital to open in Douglas County in 2003, is a member of the HealthONE network. HealthONE is the largest healthcare system in the metro Denver area with more than 10,000 employees. As part of the HealthONE family, The Medical Center of Aurora, North Suburban Medical Center, Presbyterian/St. Luke’s Medical Center, Rocky Mountain Hospital for Children, Rose Medical Center, Sky Ridge Medical Center, Swedish Medical Center, and Spalding Rehabilitation Hospital work together to provide a higher level of care. Learn more
Envision Healthcare Corporation is a leading provider of physician-led services, ambulatory surgery center management, post-acute care and medical transportation. Physician-led services encompass providers at 780 hospitals in 45 states and include leadership positions in emergency department and hospitalist services, anesthesiology, radiology, and women’s / children’s services, as well as offerings in general surgery and office-based medicine. Learn more
PeakMed Direct Primary Care is advancing access in Doctor/Patient relationship-based health care at an affordable price. PeakMed not only offers conventional care such check-ups, physicals and diagnosis, but also wellness care, urgent care and much more. At PeakMed Direct Primary Care, there are no long waits, rushed or impersonal appointments. Members can schedule same or next day appointments M-F between 9:00AM – 5:00PM, ask general questions by email, and reach their doctor for emergency medical advice by telephone or text 24 x 7. Learn more