The Metro Denver Economic Development Corporation put out it’s 8th edition. Click here for the full article. If you have a hard time sleeping at night, click here to read all 358 pages Denver Economic Report ! Below are some highlights.
- Eighth highest for its economic outlook.
- Among the top-10 states for employment growth (ninth – up from 40th during 2009-2010).
- The third-most highly educated state in the nation; 36.7 percent of residents have a bachelor’s degree or higher (first, Massachusetts – 39.1 percent; second, Maryland – 36.9 percent)
- Continues to post strong population growth, ranking as the fourth-fastest growing state in 2011.
- Top-10 rankings for fourth-grade and eighth-grade reading proficiency and continues to rank first for highest ACT and SAT scores.
- Posts dominant rankings in key innovation measures:
o Venture capital investments (third)
o Initial Public Offerings (fifth)
o Small Business Innovation Research grants (third)
o High-tech employment (third highest), high-tech wage (seventh)
o NASA Prime Contract Awards (fourth)
o Entrepreneurial Activity Index (fourth)
o Proprietors as a percentage of total employees (fourth)
- Maintains top-10 positions in major health and wellness rankings
oObesity rate (lowest in nation)
oPrescriptions filled (third lowest)
oHeart disease deaths (third lowest)
oCancer and diabetes deaths (fourth lowest)
oOverall well-being (sixth highest)
- Transportation funding represented just 5.4 percent of the state’s budget in 2011, down from 5.7 percent last year. Transportation funding represented 12.7 percent of the total budget in 1980.
- Colorado’s tax structure competitiveness has gravitated away from very favorable to ranking closer to the middle among the 50 the states.
- Colorado posts unfavorable rankings in K-12 education:
o Pre-K resources (fourth lowest)
o K-12 expenditures per student (20th lowest)
o Student/teacher ratio (eighth highest ratio)
- Colorado’s funding for higher education is at a critical crossroads:
o State and local support per full-time student (third lowest, down from fourth lowest last year)
o State and local support per capita (second lowest)
o High school graduates entering in-state college/universities within 12 months of graduation (34th highest)