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Denver A ‘Rising Star’ For Rapid Growth In Tech Jobs Amid Pandemic Denver has emerged as a rising star in the battle of the tech hubs, part of a trend of remote work expanding s o m e u rban opportunities that’s happening alongside the continuing dominance of coastal superstar cities. While established locales like San Francisco, Seattle, New York and Austin, Texas, continue to rule the tech employment sector, Sun Belt and Heartland cities like Denver and Dallas also have seen a significant surge in tech jobs over the past five years, a study by The Brookings Institution found. In 2020, amid the coronavirus pandemic, tech sector employment growth slowed in the biggest, most dominant tech centers while nearly half of the nation’s 83 other large metro areas saw their rates increase. A2Z Manufacturing Rocky Mountain •
6 May / June 2022
Overall, nine rising star cities — Denver; Atlanta; Dallas; Miami; Orlando; San Diego; Kansas City, Missouri; St. Louis and Salt Lake City — increased their share of U.S. tech job postings from 14.5% in September 2016 to 16% at the end of 2021. The report found that Denver, along with Miami, had particularly vibrant growth in hiring ads during the Covid-19 pandemic and added tech jobs at an annual growth rate in excess of 3%. Tech sector employment in the Denver-AuroraLakewood metro area grew from about 50,000 in 2015 to 64,000 in 2019, and despite the ongoing challenges of the pandemic, Denver’s tech employment continued to rise at a steady pace from 2019 to 2020, climbing 4.6% to around 67,000. The metro area has proven its ability to attract tech talent. Commercial real estate and investment firm CBRE’s 2021 Scoring Tech Talent report ranked Denver No. 12 overall in tech talent across North America based on an analysis of 13 metrics ranging from tech graduation rates, tech job concentration, tech labor pool size, and labor and real estate costs. The CBRE study found that Denver’s tech sector employment gain was driven by young talent A2Z MANUFACTURING SW •
55 • Nov / Dec 2020
