Report Highlights

The CO tech industry accounts for 9% of CO’s employment. (2021)

CO IT industry employment grew by 22% from 2016–21, the 7th fastest rate in the nation.

Despite a turbulent time, CO’s tech industry has added 9,680 net jobs since 2019.

CO ranks 3rd fastest growing IT state. (2021) A 12% growth rate is predicted for the next 5 years.

Over $76 Billion in gross state product (GSP), 18% of the state’s total economic output. (2021)

For every 1 new tech industry job, another 2.42 jobs were added elsewhere, one of the largest job multipliers across CO. (2021)

CO has the 2nd most concentrated tech industry economy, behind Massachusetts. (2021)

Software development is the top tech occupation, ~12%. Every year more than 40K tech jobs need to be filled to accommodate growth & retirees.

44% of CO tech workers work at a tech industry firm. (2021)

Computer Science was the most in demand skill in CO job postings 2021-2022.

CO has the 8th highest rate of new entrepreneurs. (2021)

CO has the 5th highest rate of federal small business program funding (SBIR & STTR) per $1M of GSP. (2016–21)

Saas remains driving force for VC funds in CO.

CO ranks 6th highest state in securing access to VC capital.

GROWTH