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Latest Companies Moving to Denver

Posted at 07/17/2020 08:32 AM by Pat O'Connor

companies moving to denver

Despite the ongoing COVID-19 pandemic and the impact it has had on various industries, Denver continues to be a popular choice  for businesses looking to relocate and expand. 

According to a recent article in the Denver Business Journal, the 2020 Scoring Tech Talent report from CBRE ranked Denver 7th in the nation in technology talent. Part of the Mile High City's appeal includes its high number of people 25 years and older having a bachelor's degree (53 percent), large number of millennials, and the lure of the outdoors lifestyle.

The city is home to over 650,000 people and the metropolitan area’s population boasts 2.9 million. Local higher education institutions Regis University, the University of Denver, University of Colorado-Denver, Metro State University and the Colorado School of Mines churn out an educated workforce, along with nearby University of Colorado-Boulder and Colorado State University. In addition, many of the jobs  being established in the city are being filled with newcomers and people outside of the city.

Denver International Airport hosts the country’s third-largest domestic air service, and approximately 35,000 people work in many different industries and professions at Denver International Airport. Having access to a large, international airport is often a critical piece in determining where a company establishes a presence.

Furthermore, the State of Colorado offers tax incentives to attract large employers, and Denver is a great place to live thanks to its plentiful sunshine, invigorating outdoor activities, strong neighborhood character, and myriad of independent businesses, including oodles of coffee shops, restaurants, and breweries.

Companies Setting Up New Locations in Denver

It’s not surprising that we’ve seen a steady influx of companies moving to Denver and others expanding their presence. Here’s a look at a few of the latest standouts so far into 2020.

Wix

-- An Israeli based website platform announced it plans to hire 200 people in Denver by the end of 2020. The majority of the jobs will be in customer care but there will also be sales and account management positions. Wix is currently searching for a downtown Denver location and has enjoyed a 63 percent increase in customers year-over-year from April 2019 to April 2020.

DAT Solutions

-- Specializing in software development for truckers and brokers in the shipping industry, this Portland based company will be opening a second headquarters in the DTC. They expect to hire more than 100 people over the next few years.

Todyl

-- This New York tech startup that consolidates network and security tools, will relocate its headquarters to Denver. The company expects to hire upwards of 20 people by the end of 2021. FounderJohn Nellen cited the area’s strong engineering talent and presence of cybersecurity companies as one of the reasons for the move to Denver. Additionally, a favorable tax structure and reduced operating costs added to the Mile High City’s appeal to the startup. 

 

Emerson Electric (Boulder)

-- This global engineering and technology company announced it will invest more than $100 million in Boulder to significantly expand its manufacturing space and launch a new innovation center focused on research, new product development and industry training for its advanced flow measurement products. “This U.S. investment significantly expands our ability to serve as industry leaders, helping customers in essential industries optimize their operations with the latest technologies,” said David N. Farr, chairman and chief executive officer of Emerson. “Our new facility demonstrates our continued commitment to customer-driven innovation and high-tech manufacturing, as well as our focus on attracting the best and brightest talent to work for Emerson.”

Marqeta

-- Marqeta, a card issuing platform company, will expand into Colorado with its second headquarters in Denver. Over the next eight years, it plans to employ more than 500 people in the state, hiring 100 over the next year. 

ACG Biologics (Boulder)

-- This global contract development and manufacturing organization acquired the former AstraZeneca facility and plans to hire 280 employees in Boulder. The company expects that average salaries will be about $96,000 for the newly created jobs.  


Sophia Genetics

-- An international health-tech company, Sophia Genetics will open a new research and development center in Aurora. Plans call to have hired 100 employees by 2022. The company makes software for analyzing health data. 

Pax8

-- A cloud distribution technology company, Pax8 will expand its business in Colorado and create 1,800 new jobs. The Greenwood Village based operation employs 375 people in Colorado. Pax8 plans to add sales, partner support, engineering, and human resources positions over the next eight years. 

OTA Insight

-- This London-based company which makes business intelligence tools for hotels will open a Denver office. Earlier this year, they announced they will be hiring sales and marketing personnel.  Eventually, the workforce will include account managers.

Gtmhub

-- This global software company recently made Denver its North American headquarters and earlier in the year stated they would hire an additional 30 people by this summer. The company develops software that manages their objectives and key results by pulling data from Salesforce and Google Analytics.

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Conclusion

These companies that have recently moved to Denver exemplify why the city is such a great place to do business. If you’re relocating to Denver for work and need help figuring out which Denver neighborhood would be the ideal place for you to live, we’re here to help.

Posted by Pat O'Connor

Pat O’Connor has dual citizenship in both Wisconsin and Colorado, having been born and raised in Wisconsin Dells, but later adopted by the Centennial State. A graduate of the University of Colorado (B.S. Journalism, 1980), O’Connor began her career as a sportswriter at the Boulder Daily Camera under the tutelage of the venerable Dan Creedon. Her experience also includes stints in public relations at Aspen Highlands Ski Area, the Colorado Trial Lawyers and the Colorado Division of Wildlife. When she isn’t piecing together sentences, the self-proclaimed “Cheesehead” enjoys hanging out with her three kids and assortment of family pets, running, playing golf, hiking 14ers, horseback riding and skiing. As a mother to two (at one time three) competitive swimmers, her favorite fragrance is eau de chlorine. During football season, she can be found cheering for the Buffs on Saturdays and screaming when the Packers score on Sundays. She loves talking sports and giving recommendations on cheese curds.

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Topics: Denver Real Estate News