A Workforce to be Reckoned With

Across America, metropolitan areas are the economic engines driving prosperity, and Denver South is exemplary. With available and affordable mixed-density housing, abundant yearlong recreation, exceptional weather, majestic mountains, and a healthy family-friendly lifestyle; it’s no surprise that Denver South is one of the most desirable and livable places in the country.

That reality attracts an educated and productive workforce that fuels some of the world’s leading companies. More than 243,800 people are building their careers in Denver South, with the highest concentration of high tech and corporate workers in the region. Seventy-two percent of Denver South residents over the age of 25 have an associate degree or higher and 24 percent hold graduate degrees, providing ample workforce for our dominant industry clusters.

Industry Clusters

Six key industry clusters drive the Denver South economy, representing a diverse combination of businesses, occupations, and opportunities.

Aerospace
The Denver South region is home to nearly 4,720 employees in almost 30 companies, including major headquarters for United Launch Alliance, SEAKR Engineering, and Jeppesen, A Boeing Company. Aerospace employment in the Denver South region increased for the third consecutive year in 2019, rising 2 percent between 2018 and 2019. Employees earned an average annual salary of $137,400, which was 23 percent higher than the national average.

Broadband and Digital Communications (BDC)
The BDC industry cluster was the fastest growing cluster in the Denver South region in 2019. This cluster also has the highest location quotient (employment density) of all our industry clusters and subclusters. Between 2018 and 2019, employment in the BDC cluster rose 7.8 percent, compared with a 3.6 decline nationwide, primarily driven by major employment additions at Charter Communications and others. Over 46 percent of the metro area’s BDC employment is concentrated in Denver South.

Engineering Services
Engineering services employment in the region is nearly 2.9 times more concentrated than the national average. In fact, the Denver South region had the highest concentration of engineering services employment out of the 50 largest metropolitan areas in the nation in 2019. The region is home to over 7,080 engineering services workers in more than 400 companies, employing 2.1 percent of the region’s total employment base.

Financial Services
Financial services consist of three subclusters: banking and finance, insurance, and investments. The financial services cluster in the Denver South region is the largest cluster in terms of employment, with nearly 33,530 employees in about 3,840 companies. Over the past five years, financial services employment grew 14.3 percent, compared with 6.8 percent nationally.

Healthcare and Life Sciences
Healthcare and life sciences is the largest cluster in the Denver South region in terms of employment with about 26,860 workers in nearly 2,650 companies. Employment in the region’s healthcare and life sciences cluster grew 4.5 percent in 2019, compared with 1.9 percent growth nationally. Over the past five years, the cluster grew 25.7 percent, more than two-times the growth rate posted nationally.

IT-Software and Electronics
The IT-software and electronics cluster in the region expanded for the ninth-consecutive year in 2019, adding over 8,880 jobs since 2010. Over the last five years, IT-software and electronics was the fastest growing cluster. Employment in the IT-software and electronics cluster rose 5.4 percent in 2019, which was one-and-a-half times more than the U.S. growth rate of 3.4 percent. IT-software and electronics employment in the Denver South region is more than two times more concentrated than the U.S.

Learn More about our major employers