Entrepreneurship Spurs Job Growth for Millennials in Denver

In the past few years Denver’s growing job market has been a great place for young millennials and startups to thrive. With so much established industry already in the city, Denver has become a hub for new entrepreneurs and expanding tech companies.

From The Wall Street Journal:

A shared office space called Industry, in the popular River North Art District, stands as an example of the entrepreneurial forces that are luring a flood of young professionals here.

Formerly a depot for the truckloads of produce that rolled into Denver from Colorado’s farmland, the firm’s 155,000-square-foot warehouse is now an open-air maze of workspaces for everything from ride-sharing company Uber to CirrusMD, which connects doctors and patients virtually.

“You don’t move just because some place is cool,” said Aaron Duke, a 39-year-old San Francisco transplant and CirrusMD employee. “You’ve also got to be able to earn a buck.”…

The metro area, which has a population of about 2.7 million, received more than 100,000 out-of-state residents from 2010 through 2014, according to the U.S. Census Bureau. That is the fifth-largest influx of domestic migrants in the country, surpassing cities such as Seattle and Washington, D.C.

Some 3,200 new firms have opened their doors in Denver during the past four years, according to city estimates, contributing to more than 165,000 new jobs in the broader metro area and helping drive the unemployment rate to 4.1% in May, among the lowest for big metros in the nation. …

“The influx of millennials is extremely important,” said Mr. Washington, adding they “bring energy and enthusiasm and optimism.”

Read More at The Wall Street Journal.