Shared Investment Shared Benefit Mission Nations first regional
Shared Investment, Shared Benefit
Mission Nation’s first regional economic development entity To enhance the regional economy through the retention and expansion of primary jobs and capital investment. More than 70 cities, counties & economic development in 9 counties Largest privately funded economic development organization in Colorado Recent Deals www. metrodenver. org
Quick facts about Colorado Rankings • Population - 5, 456, 574 2 nd-most educated workforce in United States U. S. Census Bureau 2016 • Median Age - 36. 2 • Veterans - 395, 007 • Persons Per Household - 2. 54 • Foreign Born Persons - 9. 8% • Gender Distribution - 49. 8% Female | 50. 2% Male Source: U. S. Census 2014 Nation’s lowest obesity rate Trust for America’s Health 2016 No. 1 state for labor supply Forbes 2015 No. 3 state best for economy Business Insider 2016 No. 3 best state for doing business 24/7 Wall Street 2016
Regional approach to economic development – Code of Ethics 3. 6 million residents 67% of Colorado’s population More than 77% of the state’s GDP www. metrodenver. org More than 70 cities, counties & economic development agencies in 9 counties
We Invest in Ourselves • RTD Fas. Tracks Program is a multi-billion dollar comprehensive transit expansion plan to build: • 122 miles of new commuter rail and light rail • 57 new transit stations • 18 miles of bus rapid transit, • 31 new Park-n-Rides with 21, 000 new parking spaces at light rail and bus stations • Fas. Tracks History • 2004 voter-approved initiative to fund the expansion of Metro Denver’s transit system • 8 Counties approved 0. 4 percent sales tax increase
University of Colorado A Line Train to the Plane • • Commuter Rail 37 minutes from downtown’s Denver Union Station 8 stations with future transit-oriented development Trains travel every 15 minutes
Colorado accelerates out of recessions ü Expansion of existing companies ü Recruiting of diversified industries 2007 2008 2006 2011 20092010 2011 2012 2013 2012 2014 2015 2016 2017
Higher Education • 11 public & private 4 -year colleges & universities • World-class research institutions • 240, 000+ total enrollments • 6 two-year public community colleges • 300+ private occupational & technical schools
HIGH TECH JOBS Colorado is one of the fastest growing economies in the U. S. with high tech jobs increasing 2. 24%. Compared to other states, Colorado’s talent pool is more affordable for businesses, and there is a lower cost of living. Source: Emsi Q 3 2017 Data Set
Colorado’s In-Migration Washingto n 3, 405 Colorado Top Domestic In-migration Flows New York 3, 877 California 14, 858 Kansas 3, 306 Arizona 6, 291 Rank U. S. State of Origin 1 2 3 4 5 6 7 8 9 10 California Texas Florida Arizona Illinois New Mexico New York Washington Kansas Georgia Total Colorado In-migration Migrants into Colorado 14, 858 14, 537 7, 190 6, 291 4, 693 4, 313 3, 877 3, 405 3, 306 3, 275 126, 595 Source: IRS Individual Master File, Statistics of Income, November 2016 Illinois 4, 693 Virginia 3, 079 New Mexico 4, 313 Texas 14, 537 Florida 7, 190 “Denver’s coolness factor has made it a top destination and magnet for Millennials. ” 11 11
Colorado’s Central Location: Domestic Connectivity
Nonstop service to 190 destinations worldwide, contributing more than $26 billion to the regional economy annually.
COLORADO TAXES • Corporate Income Tax: 4. 63% • Individual Income Tax: 4. 63% • Sales Tax: 3. 25% - 9. 25% (varies by municipality) • One of the nation’s lowest state sales tax: 2. 9% • Single-factor apportionment (sales) for allocation of income tax liability • TABOR – Taxpayer Bill of Rights
Questions? Sam Bailey Vice President sam. bailey@metrodenver. org 303. 620. 8025
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