Metro Areas lead US Economic Recovery

A recent New York Times article cited Denver as a poster child for the new possibilities for economic success:

Its transformation into one of the most dynamic economies in the country was led by local business leaders and government officials, who took advantage of existing assets while also metrosraising taxes at times to invest in critical transportation links, development-friendly policies and a network of colleges and universities.

“It’s the outcome of really about 30 years of diversifying our economy” away from fossil-fuel industries and military contractors, said Tom Clark, chief executive of the Metro Denver Economic Development Corporation. “In the 1980s, we were Coors, carbon and the Cold War.”. . .

Such places have become business incubators and magnets for educated millennials. The lifestyles that 20- and 30-somethings often seek depend on a medley of urban living, public transit and lots of entertainment options (which in Colorado includes marijuana, legalized for recreational use since 2014).

“Opportunity is being driven by the digital economy,” said Zoë Baird, president of the Markle foundation, which recently began a pilot program called Skillful in Colorado to match employers and workers based on skills, rather than simply degrees. “That is where the job growth and economic growth is coming from.”

The full piece is here.

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