May 02, 2017
Office of Economic Development’s annual report shows direct influence on job creation and capital investment
A wide variety of investment strategies, focused on businesses, neighborhoods, workforce training and affordable housing, yielded strong results for the City and County of Denver last year, according to the Denver Office of Economic Development (OED) annual report released today.
The city’s various incentive, tax credit, loan, and training assistance programs helped 85 firms expand in Denver, collectively creating 2,968 new jobs and making more than $111 million in capital investments. OED’s efforts also supported the retention of 6,892 jobs.
“During this dynamic period of growth for Denver, we have maintained a laser focus on propelling the powerful momentum of our economy forward, supporting diverse commercial sectors, good jobs, strong neighborhoods and a fertile climate for entrepreneurship,” said Denver Mayor Michael B. Hancock.
Major job-boosting announcements that the OED supported in 2016 included BP Lower 48, TIAA, 2U, Romano’s Macaroni Grill, World Wide Technology, Evo, BOARDLife, Brooklyn Boulder, and eFolder.
The annual report outlines the tangible outcomes of the OED’s JumpStart 2016 strategic plan, including gains made in affordable housing, business recruitment, small business services, lending projects, neighborhood development and investing in a strong workforce.
Achievements highlighted in the annual report include:
Copies of the annual report are available online at Denvergov.org/oed.