Denver: Mile-High Potential

They call it the Rocky Mountain State, but there’s so much more than mountains in Colorado. Although it is the only state that lies entirely above 1,000 meters above sea level, its geographic diversity ranges from desert valleys to alpine tundra. It hosted the world’s first rodeo and its capital city, Denver, lays claim to the invention of the cheeseburger. [1][2]

From growth and business perspectives, the potential is sky high in Colorado. Colorado is the second-fastest growing state in the U.S. The 2019 population estimate of 5.76 million is up 16.9% (4.3 million) from 2000. Twelve cities in the state have populations between 100,000 and 1 million. [3]

Colorado’s economy accelerated in 2018 at the fastest pace in three years, led by activity in the oil industry. Other industries driving growth are natural resources and mining, professional and business services, trade, transportation and utilities. [4][6]

The state also has one of the healthiest jobs climates in the U.S., with Colorado Springs and Fort Collins both ranked among the nation’s top 10 cities in job growth for 2018. The state is expected to add more than 53,000 jobs in 2019 – 31,000 of those anticipated for Denver alone. [4][5][8]

“We’re excited about what the future holds for our brand in Colorado, particularly the Denver Metro market,” said Jeff Brazier, Kiddie Academy Vice President of Franchise Development. “With two current locations open and operating in Metro Denver and two more currently under construction, we continue to take hold in the market. With strong population growth of our core customers, we’re looking to fill the need of the families in the communities surrounding Denver.”

Things to know about Colorado:

  • Area in Miles – 104,094 square miles [3]
  • Population – 5,761,252 (2019 estimate) [3]
  • Median household income – $65,458 (2017) [7]
  • Children age 0-5 – 334,012 (2017) [3]

If you’re looking to make a life-changing business decision, call 800-554-3343 or fill out this request to receive more information about owning a Kiddie Academy franchise.

Sources:

[1] “18 Interesting Facts About Colorado” – The Gazette

[2] “25 Fun Facts About Colorado You Might Not Know” – List25

[3] “Colorado Population 2019” – World Population Review

[4] “Colorado Economy Growing but Slowing in 2019, According to Forecast” – University of Colorado Boulder

[5] “Colorado Springs and Fort Collins Among Top Nationally for Job Growth Last Year” – Colorado Public Radio

[6] “Colorado’s Economy Accelerated 1n 2018 at Fastest Pace in 3 Years” – Denver Post

[7] “Quick Facts: Colorado” – United States Census

[8] “Economic Forecast: 2019 projected to be another strong year in Metro Denver and across Colorado” – Metro Denver Development Corporation

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