According to a recent article in Forbes Magazine by journalist Kurt Badenhausen, Denver ranks Number One on Forbes’ 17th annual list of the Best Places for Business and Careers in the U.S.
The list, which seeks to numerically quantify the best and worst business climates, cited the Denver-Aurora-Lakewood metro area as the best of 401 metropolitan areas surveyed.
This is the first time Denver has held top listing on the Forbes survey. In the previous year’s (16th annual, 2014) survey, the Mile High City, home to 2.8 million people, placed fourth.
Forbes’s methodology analyzed business climates throughout the country while paying special attention to localized factors such as the costs of doing business, potential for job growth, and education.
The report lauded Denver as the most attractive work environment in the U.S. due to its diverse economy, highly educated labor force, and outdoor recreational opportunities.
“The Gross National Product is up 2.2% on average the past five years after declining in 2008 and 2009. GNP fell 0.7% in the first quarter of 2015 due in part to a strong U.S. dollar and lousy weather. But there are pockets of the U.S. thriving thanks to attractive workforces and reasonable business costs.”
Evidently, Denver is one such pocket. Indeed, it’s the top pocket, to coin a phrase.
More and more companies are choosing Denver as the site for new operations or to relocate.
One such company, which Badenhausen mentioned specifically, is Panasonic Enterprise Solutions, a division of Panasonic North America.
According to this article in the Denver Post, Panasonic Enterprise Solutions was formed in April 2014 “to bring together various Panasonic business service units under one umbrella.” The company specializes in new technologies and solar energy.
Apart from its rapidly growing audio-visual solutions business, well known for the large-scale video screens and scoreboards it creates for entertainment and sports venues, Panasonic Enterprise Solutions builds and installs large-scale solar systems as part of its Eco Solutions line.
Though based in Newark, New Jersey, Panasonic North America selected Denver over 21 other competing cities as the site for its new and primary U.S. innovation and sales hub. The company’s president, Jim Doyle, told the Denver Post that the Mile High City’s proximity to nearby universities and Denver International Airport became key factors in his company’s choice of venues.
“We will need a lot of engineers,” Doyle said. Panasonic Enterprise Solutions is projected to make an $82 million overall economic on the Denver area while creating 330 new jobs and at an average salary range of $90,000 per year.
The company also plans to work with local landowners and developer L.C. Fulenwider to create a sustainable “Smart Town” modeled on a similar project that recently opened in Fujisawa Japan. The Fujisawa town was created by converting an old factory into an ecologically friendly and sustainable community that houses 4,000 people.
As a Colorado real estate agent with more than thirty years’ experience serving the Denver metro area in particular, I see nothing but positive things coming from both the Forbes article and the arrival of companies like Panasonic Enterprise Solutions to our region.
My name is Mike Dovel and I specialize in relocating families to Denver. If you or someone you know is in the market to purchase a home, by all means contact my office today!
There’s never been a better time to move to the Mile High City or it s many attractive outlying environs!