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ECONOMY For a community of Boulder’s size, about 108,000 city residents including CU students, our economy is distinguished by a larger than usual employment base. Boulder’s employment base is two to three times larger than almost any other city with a comparable population. Boulder’s economy is also distinguished by an unusually diverse mix of industries. Perhaps the best known attribute of Boulder’s economy is its dynamic entrepreneurial ecosystem. The city regularly earns the highest comparative rankings from organizations such as the Brookings Institution and the Ewing and Marion Kauffman Foundation and from media publishers like Entrepreneur, Fortune, Forbes and Inc. WHY IS THIS IMPORTANT? Robust economic vitality is important for many reasons. It generates the capital and funding to support public services and infrastructure investment; research, development and innovation; and social, environmental and cultural programs, among other community benefits.

A dynamic economy also attracts the talent, investment, innovation, entrepreneurs, businesses and industries necessary to sustain a community’s economic vitality and fuel a community’s adaptability to changing demographics, social values, markets, public services and industries.

BOULDER BUSINESSES AND EMPLOYMENT There are over 6,500 businesses in the City of Boulder – not counting self-employed sole proprietorships – and about 100,000 jobs. Companies in Boulder range from small businesses and startups to operations of well-established, multi-national corporations. The concentration of businesses and jobs in the city accounts for more than 50% of total employment in the Boulder Metropolitan Statistical Area (MSA). The most recent data from the State of Colorado show that the Boulder MSA had about 15,000 businesses employing nearly 180,000 individuals.

BUSINESS, JOB AND EMPLOYMENT DENSITY (MSA) MSA

Employment 2016

Businesses Jobs Per 2016 Capita

Businesses Per Capita

Austin-Round Rock, TX MSA

953,519

55,151

0.46

0.027

Boston-Cambridge-Newton, MA-NH MSA

2,603,895

161,094

0.54

0.034

Boulder, CO MSA

176,652

14,683

0.55

0.046

City of Boulder

93,017

6,249

0.86

0.058

Denver-Aurora-Lakewood, CO MSA

1,415,926

99,059

0.50

0.035

Portland-Vancouver-Hillsboro OR-WA MSA

1,129,639

84,906

0.47

0.035

San Francisco-Oakland-Hayward, CA MSA

2,319,731

190,578

0.50

0.041

San Jose-Sunnyvale-Santa Clara, CA MSA

1,063,091

71,282

0.54

0.036

Seattle-Tacoma-Bellevue, WA MSA

1,894,408

129,878

0.50

0.034

The density of jobs and businesses in the Boulder MSA is the highest among the peer regions studied in this report. The City of Boulder has an even higher density.

Source: Bureau of Labor Statistics, QCEW, 2018 BOULDER ECONOMIC COUNCIL

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Innovation Venture  

The Boulder Innovation Venture Report is a product of an initiative launched by the Boulder Economic Council of the Boulder Chamber in 2017....

Innovation Venture  

The Boulder Innovation Venture Report is a product of an initiative launched by the Boulder Economic Council of the Boulder Chamber in 2017....