Tech Companies In Colorado By The Numbers – Where Are We At This Year? – 2019

Posted on May 28, 2019 by .

Colorado is on the fast track to being a top competitor in global technology. Tech companies in Colorado are booming due to many reasons, but here are some specific big wins for Colorado’s capital, Denver, that the Denver Downtown Partnership listed out:

  • 1st Best place for business and careers – Forbes
  • 2nd Best place to live – U.S. News and World Report
  • 2nd Best city for job seekers in 2017 – NerdWallet
  • 2nd Best city to start a career – WalletHub
  • 3rd Best city to start a tech career – ComputerTrainingSchools.com
  • 3rd Hottest food city – Zagat
  • 4th Largest increase in workers – LinkedIn
  • 4th Best city for Millenials – SmartAsset
  • 4th Fastest growing large city – WalletHub

Absolutes are impossible to predict, but the trajectory is looking good for tech in Colorado. Here are some key stats from last year to help quantify the environment:

% of the Colorado workforce that is in tech — 10.3%

The total number of technology workers in Colorado for 2018 was roughly 293,000 which grew by 7,175 jobs from 2017. Colorado ranks 6th most dense tech state per capita.

% of the Colorado economy driven by tech — 14.5%

In 2018, technology contributed $47.5 billion to the Colorado economy, a $4.1billion dollar/9.5% increase over 2017.

Total # of Tech Companies – Over 11,000

Pretty solid number, and in 2016 Colorado had the second fastest rate of startups created.

# of New tech startups in Denver – 160

This is the number for 2018, BuiltInColorado has a great list of 50 Startups to Watch for 2019.

Funding for startups – Colorado ranks 3rd best funding per capita of any state

Even though California, New York, Massachusetts, and Illinois dominate in sheer capital total volume, Colorado has a higher opportunity per capita than all of them.

Average base salary of a software engineer — according to Glassdoor

Denver – $90,451

Boulder – $98,027

Colorado Springs – $89,761

Top accelerators/incubators for tech

Techstars

Boomtown

MergeLane

The Founder Institute

Innosphere

Catalyst HTI

UpRamp

Top VC/angel firms

Stout Street Capital

Techstars

Foundry Group

Access Ventures

Rockies Venture Club

Boulder Ventures

P2B Investors

SpringTime Ventures

Growth Sherpas

Top code schools

Turing

GSchool

General Assembly

DaVinci Code School

Thanks to a high level of access to capital for people of Colorado, great places to live, a great climate, and unique career opportunities it’s easy to see why tech companies are booming in Colorado. Come join us!


Here at BWBacon Group, we know and live what you are experiencing as an employer or job seeker in Denver, Boulder, Dallas, San Francisco, New York City or any of the other cities we work in. We believe great recruiting starts and ends with understanding people.

If you have any questions about living, working or playing any of the areas we serve, please contact us. We are happy to help. Seize the day, every day, that’s what we say!

 

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