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Colorado’s Economic Outlook: Trends, Opportunities, and Leadership Insights for 2023

Explore Colorado's promising economic outlook for 2023 with strong job growth, particularly in construction, healthcare, and natural resources. Key trends include a significant influx of 25-34 year-olds and the revival of oil development, establishing Colorado as a headquarters region with diverse job clusters in banking, IT, and clean tech. Learn about the importance of regional collaboration, the challenges posed by fiscal policies, and the principles of successful leadership that drive Colorado's economic landscape forward.

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Colorado’s Economic Outlook: Trends, Opportunities, and Leadership Insights for 2023

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  1. To Dead To Bury?!Not Anymore --

  2. TRENDS Don’t follow - start!

  3. Economic Outlook • Colorado Business Economic Outlook – 42,000 jobs in 2013. • 1.8% gain – down from 2012. • Hiring strongest in construction. • Followed by natural resources, health care and staffing agencies.

  4. Major Trends • 25-34 year old migration • Return of oil development • Now a headquarters region • Magnitude of jobs • Prospects increasing • Surpassed Atlanta • More diverse than before • IL & CA driving activity • 300+ employees today • 4th quarter uptick Denver Metro… Compared to…

  5. The Brand You earn reputation by doing hard things well.

  6. The Brand • Innovation Center – Biotech moved from middle of 2nd tier to bottom of top tier • Clean Tech Hub – #2 in installed wind & solar • Educated • Healthy – skinniest state in the nation • And…

  7. Regional Collaboration 1985 = 35% closure rate 2011 = 52% closure rate

  8. Clusters You can’t eat a cluster of grapes at once, but it’s easy if you eat them one by one.

  9. Clusters • Banking & Finance • Insurance • Aviation • IT/Software • Healthcare • Telecom • Clean Tech • Oil & Gas • Aerospace

  10. Game Changers You’re never judged by where you are – you’re judged by where you’re going.

  11. Game Changers • Space Port • Air Train • Aerotropolis • Non-stop flight to Tokyo • Icelandair

  12. Threats It’s not whether you get knocked down, it’s whether you get up.

  13. Threats • Fiscal Cliff • Modest Incentives - $5M vs. $210M • Funding of Higher Education – 48th • TABOR • Initiative Process – unpredictable tax and public policy

  14. Crisis in Leadership

  15. 8 Principles of Successful Leaders • Diversity • Creativity • Integrity • Community • Vision • Trust • Participation • Learning

  16. Code of the West • Live each day with courage • Take pride in your work • Always finish what you start • Do what has to be done • Be tough, but fair • When you make a promise, keep it

  17. Code of the West • Ride for the brand • Talk less and say more • Remember that some things aren’t for sale • Know where to draw the line

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