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CELEBRATING ECONOMIC VITALITY 2020 Economic Profile

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Page 1: CELEBRATING - JeffcoEDC...Companies: 33 Jobs: 501 Average Wage: $92,453 Companies: 309 Jobs: 11,372 Average Wage: $160,398 Jefferson County has one of Colorado’s largest bioscience

CELEBRATING ECONOMIC VITALITY

2020 Economic Profile

Page 2: CELEBRATING - JeffcoEDC...Companies: 33 Jobs: 501 Average Wage: $92,453 Companies: 309 Jobs: 11,372 Average Wage: $160,398 Jefferson County has one of Colorado’s largest bioscience

76

70

225

70

3625

25

470

285

6

58

470

470

285

74

6

88

40

93

72

391

8

88

470

JEFFERSON COUNTY

Golden

Morrison

Lakewood

Evergreen

Conifer

Edgewater

WheatRidge

Arvada

Westminster

BOULDER TURNPIKE

ROCKY MOUNTAIN METROPOLITAN AIRPORT

NORTHWESTPARKWAY

CENTRAL BUSINESS DISTRICT

DENVER

BOULDER

DENVER INTERNATIONAL AIRPORT

2020

Economic Profile

2

AT A GLANCE

The county is home to some of the world’s most successful and diverse companies that are creating world-class technologies and products. These companies are benefiting from the many qualities that make Jefferson County a premier business location.

Jefferson County, Colorado forms the western boundary of metropolitan Denver and offers a diversified geographical setting, from urban and rural lifestyles, to thriving mountain communities in the beautiful Rocky Mountains.

Page 3: CELEBRATING - JeffcoEDC...Companies: 33 Jobs: 501 Average Wage: $92,453 Companies: 309 Jobs: 11,372 Average Wage: $160,398 Jefferson County has one of Colorado’s largest bioscience

2020

Economic Profile

3

Jefferson County has a nationally acclaimed K-12 school district and a highly educated workforce. Nearly 46% of the residents in the county have a bachelor’s degree or higher, helping position Colorado as the nation’s second most educated workforce. Businesses in the county have access to a labor market that boasts the third highest concentration of high-tech workers in the nation.

JeffERSON COUNTY Advantages

HIGHLY EDUCATED WORKFORCE

Companies in Jefferson County enjoy a pro-business tax climate that rewards investment, growth, and innovation. With a low tax environment at the state and local levels, the county continues to provide a business-friendly environment.

BUSINESS-FRIENDLY TAX ENVIRONMENT With its close proximity to

Denver International Airport and major transportation corridors, Jefferson County’s integrated, cutting-edge infrastructure helps businesses efficiently reach markets locally and internationally.

STRATEGIC LOCATION

CENTER OF EXCELLENCEJefferson County is at the epicenter of innovation and entrepreneurial activity. The county’s prominent role as a high-tech leader is greatly enhanced by the presence of the National Renewable Energy Laboratory and the Colorado School of Mines.

UNMATCHED QUALITY OF LIFEWith over 300 days of sunshine and diverse recreational opportunities, Jefferson County is one of the most active and healthiest regions in the country.

key Jefferson County Demographics

773.2 Square Miles

Population 579,489

No. of Jobs 270,223

Median Age 40.8

Households 242,975

Labor Force 342,581

Average Wage $59,085

Unemployment 2.4%

Bachelor’s Degree or Higher 45.8%

Page 4: CELEBRATING - JeffcoEDC...Companies: 33 Jobs: 501 Average Wage: $92,453 Companies: 309 Jobs: 11,372 Average Wage: $160,398 Jefferson County has one of Colorado’s largest bioscience

PopulationPOPULATION

*Municipality is located in multiple counties. Source: Colorado State Demography Office, 2019

Hispanic / Latino 15.5%

Blac

k / A

frica

n Ame

rican

1.1%

Asian

2.9%

Other 1.9%

American Indian /Alaska Native .45%

Source: U.S. Census

Bureau, 2018

90+

AGE DISTRIBUTION

75-89

60-74

45-59

30-44

15-29

0-14

0.8%

5.6%

17.4%

21.1%

18.6%

16.4%

20.1%

100k60k 80k40k20k

JEFFERSON COUNTY 579,489

ARVADA* 117,315*

BOW MAR* 302*

EDGEWATER 5,361

GOLDEN 20,586

LAKESIDE 8

LITTLETON* 2,677*

MORRISON 437

MOUNTAIN VIEW 538

WESTMINSTER 44,209*

WHEAT RIDGE 31,369

UNINCORPORATED 200,194

METRO DENVER 3,197,879

COLORADO 5,694,311

CULTURAL DIVERSITY

LAKEWOOD 156,493

SUPERIOR 0*

Pacific Islander 0.1%

120k

Median Age 40.8Male 49.6%Female 50.4%

Note: Percentages may not add due to rounding. Source: Colorado division of Local Government, State Demography Office, 2019.

2020

Economic Profile

4

White 78%

Page 5: CELEBRATING - JeffcoEDC...Companies: 33 Jobs: 501 Average Wage: $92,453 Companies: 309 Jobs: 11,372 Average Wage: $160,398 Jefferson County has one of Colorado’s largest bioscience

business & Industry

LARGEST PRIMARY EMPLOYERS PRODUCT/SERVICE EMPLOYEES

6,200

2,700

2,400

2,300

2,000

2,400

1,820

1,730

1,300

1150

750

LOCKHEED MARTIN

NATIONAL RENEWABLE ENERGY LAB.

ST. ANTHONY HOSPITAL

TERUMO BCT

LUTHERAN MEDICAL CENTER/SCL HEALTH

MILLERCOORS

FIRSTBANK HOLDING CO. OF COLORADO

BALL CORPORATION

COORSTEK

HOMEADVISOR

KAISER PERMANENTE

Aerospace & DefenseResearch LaboratoryMedical ServicesMedical TechnologyMedical ServicesBeveragesFinancial ServicesAerospace Mfg./Bottle FacilityCeramic Component Mfg. Home Improvement & RepairHealthcare

INDUSTRY CLUSTER BREAKDOWN

CO

NS

TR

UC

TIO

N

INDUSTRY

EMPLOYED

ESTABLISHMENTS

2,210

ED

UC

AT

ION

& H

EA

LTH

CA

RE

FIN

AN

CIA

L SE

RV

ICE

S

INF

OR

MA

TIO

N

18,050

GO

VE

RN

ME

NT

34,883

28,2511,508

28,5951,7046,066

7,629

130

1,659

MA

NU

FAC

TU

RIN

G522

MIN

ING

& LO

GG

ING

OT

HE

R S

ER

VIC

ES

RE

TAIL T

RA

DE

20,100

PR

OF

ES

SIO

NA

L & B

US

INE

SS

910

3,853295

TR

AN

S./

WA

RE

HO

US

E/

UT

IL.

7,1451,560

WH

OLE

SA

LE T

RA

DE

243,730TO

TALS

20,832

LEIS

UR

E &

HO

SP

ITALIT

Y

377

178

2,277

2,334

5,154

36,095

10,814

41,915

2019 JEFFERSON COUNTY

$32.50 B $35.73 B $38.50 B

GROSS REGIONAL PRODUCT EXPORTS IMPORTS

Source: ESMI, 2020

Source: Jeffco EDC, 2020

Source: ESMI, 2020

1-4 Employees 37.2%

BUSINESS SIZE

5-9 Employees 26.4%

10-19 Employees 21.3%

20-49 Employees 11.2%

50-99 Employees 2.5%100-249 Employees 1.1%

250-499 Employees 0.2%500+ Employees 0.1%

2020

Economic Profile

5

Page 6: CELEBRATING - JeffcoEDC...Companies: 33 Jobs: 501 Average Wage: $92,453 Companies: 309 Jobs: 11,372 Average Wage: $160,398 Jefferson County has one of Colorado’s largest bioscience

The aerospace industry is one of Jeffco’s fastest growing industries. From 2014 – 2019, employment in the county’s aerospace industry grew nearly 20%, outpacing the national growth rate of 2%. Regional job concentration for Jeffco’s aerospace industry is 4.74 times the national job concentration, meaning there are 374% more industry jobs compared to other regions.

The aviation industry represents an important, growing facet of Jefferson County’s diverse industry base, and is the fastest growing industry in Jefferson County in for job creation. From 2014 – 2019, employment in the county’s industry grew 43%, outpacing the national growth rate of 12.5%.

Jefferson County is a driving force behind the region’s beverage production industry growth. Regional job concentration for Jeffco’s beverage production industry is 3.83 times the national job concentration, meaning there are 283% more industry jobs compared to other regions.

The outdoor recreation industry is a powerful economic engine, and is one of Jefferson County’s fastest growing industry clusters. The county and its communities recognize that the outdoor recreation industry contributes to a high-quality of life, which helps attract, support, and foster business growth.

AEROSPACE AVIATION BEVERAGE PRODUCTION

OUTDOOR RECREATION

INDUSTRY CLUSTER

Source: ESMI, 2020

2020

Economic Profile

6

Target Industries

Companies: 39Jobs: 2,664

Average Wage: $100,409

Companies: 211Jobs: 2,400

Average Wage: $63,154

Companies: 33Jobs: 501

Average Wage: $92,453Companies: 309

Jobs: 11,372Average Wage: $160,398

Jefferson County has one of Colorado’s largest bioscience economies. Employment in the county’s bioscience industry increased by 11.4% from 2014 to 2019.

BIOSCIENCE

Companies: 294Jobs: 7,501

Average Wage: $ 124,842

Jefferson County is uniquely positioned as a leader in the cleantech industry. With its strong industry base, companies specializing in energy efficiency and renewable energy technologies are helping Jefferson County remain on the forefront of new energy development for the nation.

ENERGY

Companies: 1,009Jobs: 8,875

Average Wage: $101.965

Page 7: CELEBRATING - JeffcoEDC...Companies: 33 Jobs: 501 Average Wage: $92,453 Companies: 309 Jobs: 11,372 Average Wage: $160,398 Jefferson County has one of Colorado’s largest bioscience

Jefferson County’s strong industry clusters help diversify its economy. The county has a terrific base of heritage companies creating world-class technologies.

IndustryDiversity

INDUSTRY DIVERSITY OVERVIEW

81.1%RANK 596

OUT OF 3,142 COUNTIES

% OF TYPICA

L CO

UNTY

EMPL

OYMENT

% OF JEFFERSON COU

NTY

EMPL

OYM

ENT

INDUSTRY CLUSTERNON-FUNCTION EMPLOYMENT

KNOWLEDGE-INTENSIVE BUSINESS SERVICES

DISTRIBUTIVE SERVICES

FINANCE, INSURANCE & REAL ESTATE

ENGINEERING-INTENSIVE MANUFACTURING

GOVERNMENT

CAPITAL-INTENSIVE MANUFACTURING

HEALTHCARE

MEDIA, ENTERTAINMENT & RECREATION

HIGHER EDUCATION

CORPORATE MANAGEMENT & ADMINISTRATION

AGRICULTURE & NATURAL RESOURCE EXTRACTION

TOTAL

162,560

25,316

15,477

12,159

11,859

11,096

8,394

6,935

6,940

5,151

3,154

1,213

270,223

JOBS

60.2%55%

9.4%

5.9%

5.7% 8.3%

4.5%

5%

4.4%

2.5%

4.1%

3.2%

3.1%

5.3%

2.6%

3.1%5%

2.6%1.9%

3.3%

1.2%

1.7%1.6%

0.4%

Source: ESMI, 2019

2020

Economic Profile

7

Page 8: CELEBRATING - JeffcoEDC...Companies: 33 Jobs: 501 Average Wage: $92,453 Companies: 309 Jobs: 11,372 Average Wage: $160,398 Jefferson County has one of Colorado’s largest bioscience

Colorado simplified its corporate income tax structure in 2008 changing from multiple-factor to single-factor apportionment, which assesses taxes on a company’s sales in Colorado only.

Jefferson County does not charge an occupational head tax to employers and employees.

OCCUPATIONAL HEAD TAX

Colorado is a modified right-to-work state, with the most progressive labor laws in the country. The Colorado Labor Peace Act requires two elections, and approval from 75 percent of a company’s workers, before becoming unionized.

RIGHT-TO-WORK

STATE INCENTIVES & RESOURCES

LOCAL PROPERTY TAX INCENTIVES & REBATES

Jefferson County realizes the importance of growing its primary employment base to strengthen the local economy. As a benefit to the region’s businesses, the county has eliminated its portion of the business personal property tax (BPPT) to show the business community that it values their business and understands that decreasing the overall tax burden will yield more jobs and capital investment. The elimination only applies to the county’s portion of its BPPT, payable to the general fund, and does not apply to other funds, including the developmental disability, library, R1 school district, urban renewal, and other special district funds.

BUSINESS PERSONAL PROPERTY TAX

LOCAL & STATEASSESSMENT RATIOS

Commercial PropertyResidential Property

MILL RATES

Jefferson CountyCity/Special Districts

STATE INCOME TAX

Personal Income TaxCorporate Income Tax

29%7.15%

23.332 MillsVaries by location

4.63%4.63%

SALES TAX RATEARVADA

EDGEWATER

GOLDEN

LAKESIDE

LAKEWOOD

MORRISON

MOUNTAIN VIEW

SUPERIOR

WESTMINSTER

WHEAT RIDGE

UNINCORPORATED

*Jeffco Open Space **Regional Transportation District/Cultural Facilities District

2.9

2.9

2.9

2.9

2.9

2.9

2.9

2.9

2.9

2.9

2.9

STATE

3.46

3.50

3.00

2.10

3.00

3.75

4.00

3.46

3.85

3.50

N/A

CITY

0.5

0.5

0.5

0.5

0.5

0.5

0.5

0.5

0.5

0.5

0.5

COUNTY*

1.1

1.1

1.1

1.1

1.1

1.1

1.1

1.1

1.1

1.1

1.1

STRTD/CD**

7.96

8.00

7.50

6.60

7.50

8.25

8.50

7.96

8.35

8.00

4.50

TOTAL

2020

Economic Profile

8

SINGLE-FACTOR TAX APPORTIONMENT

Colorado offers various targeted tax incentive programs to companies creating new jobs and investment in the state.

taxes

Local governments can provide property tax rebates or incentives for qualifying businesses within its jurisdiction.

Page 9: CELEBRATING - JeffcoEDC...Companies: 33 Jobs: 501 Average Wage: $92,453 Companies: 309 Jobs: 11,372 Average Wage: $160,398 Jefferson County has one of Colorado’s largest bioscience

OCCUPATION

LABOR FORCEUNEMPLOYMENT

RATE

342,581

1,848,916

3,180,312

JEFFERSON COUNTY

METRO DENVER COLORADO

2.4%

2.5%

2.6%

LABOR FORCE

OFFICE & ADMINISTRATIVE SUPPORT

SALES & RELATED

FOOD PREPARATION & SERVING RELATED

BUSINESS & FINANCIAL OPERATIONS

CONSTRUCTION & EXTRACTION

HEALTHCARE PRACTITIONERS & TECHNICIANS

MANAGEMENT

EDUCATION, TRAINING & LIBRARY

PERSONAL CARE & SERVICE

TRANSPORTATION & MATERIAL MOVING

PRODUCTION

COMPUTER & MATHEMATICAL

INSTALLATION, MAINTENANCE & REPAIR

ARCHITECTURE & ENGINEERING

BUILDING, GROUNDS, CLEANING & MAINTENANCE

HEALTHCARE SUPPORT

PROTECTIVE SERVICE

ARTS, DESIGN, ENTERTAINMENT, SPORTS & MEDIA

COMMUNITY & SOCIAL SERVICE

LIFE, PHYSICAL & SOCIAL SCIENCE

LEGAL

MILITARY ONLY

FARMING, FISHING & FORESTRY

32,972

30,624

24,720

21,000

15,597

14,005

13,956

13,075

12,549

11,009

11,011

11,887

9,517

8,648

8,849

7,059

6,240

5,777

4,495

3,548

2,263

788

632

32,679

29,467

22,869

18,139

13,544

12,446

12,238

12,506

12,790

9,744

10,379

9,707

8,934

7,468

9,194

7,302

5,467

5,035

4,341

3,375

2,136

783

609

1%

4%

8%

16%

15%

13%

14%

5%

-2%

13%

6%

22%

7%

16%

-4%

-3%

14%

15%

4%

5%

6%

1%

4%

$17.72

$14.88

$11.27

$32.87

$21.51

$34.64

$51.91

$20.64

$12.04

$16.26

$18.42

$42.40

$22.32

$38.86

$13.13

$16.18

$19.60

$20.78

$21.78

$30.00

$40.62

$16.57

$14.69

2014 JOBS 2019 JOBS % CHANGE2018 MEDIAN

HOURLY EARNINGS

Source: ESMI, 2019

2020

Economic Profile

9

Workforce

Page 10: CELEBRATING - JeffcoEDC...Companies: 33 Jobs: 501 Average Wage: $92,453 Companies: 309 Jobs: 11,372 Average Wage: $160,398 Jefferson County has one of Colorado’s largest bioscience

Major Business Parks

Construction Cost Index

Real Estate

CANDELAS

ROONEY VALLEY

KELLER FARMS

DENVER FEDERAL CENTER

VERVE INNOVATION PARK

FEHRINGER RANCH

DENVER WEST BUSINESS PARK

WESTMOOR TECHNOLOGY PARK

UNION BOULEVARD CORRIDOR

COORS TECHNOLOGY CENTER

KEN CARYL BUSINESS CENTER

LAKEWOOD TECHNOLOGY PARK

ACADEMY PARK

CHURCH RANCH CORPORATE CENTER

MOUNTAIN PLAINS INDUSTRIAL CENTER

GENESEE BUSINESS PARK

BELMAR

CANYON VIEW BUSINESS PARK

JEFFERSON CORPORATE CENTER

CIRCLE POINT CORPORATE CENTER

CORPORATE CENTER

JEFFERSON I RESEARCH CENTER

JEFFERSON II RESEARCH CENTER

44TH INDUSTRIAL PARK

1,451

1,276

1,200

637

628

493

450

425

418

375

300

300

250

145

138

110

104

100

93

82

79

70

54

51

Business Park Acres REAL ESTATE MARKET OVERVIEW

OFFICE

CHICAGO

DALLAS

DENVER

SAN FRANCISCO

PHOENIX

PORTLAND

SALT LAKE CITY

MATERIALS INSTALLATION COMPOSITE

Avg. Lease Rate/S.F.

Existing S.F.

% Vacant

METRO DENVER

CLASS A 73,179,305 10.4 $30.35

CLASS B 99,022,652 9.2 $24.64

CLASS C 22,127,153 4.0 $21.58

JEFFERSON COUNTYCLASS A 6,053,274 9.4 $26.49

CLASS B 15,159,646 9.8 $21.37

CLASS C 3,419,340 3.6 $17.33

INDUSTRIALAvg. Lease

Rate/S.F.Existing

S.F.%

Vacant METRO DENVER

IND./WAREHOUSE 147,849,541 4.9 $8.58

FLEX/R&D 10,110,472 10.6 $13.40

RETAIL 169,729,819 4.4 $18.52

JEFFERSON COUNTY

IND./WAREHOUSE 9,493,906 2.0 $10.39

FLEX/R&D 1,489,126 9.3 $10.81

RETAIL 35,907,398 4.9 $15.27

146.1

67.7

74.4

158.1

73.0

100.4

73.1

120.7

85.6

90.0

128.5

88.4

100.3

89.6

101.7

99.1

101.8

106.3

100.0

100.2

102.0

Source: CoStar Realty, Q3 2019

Source: Building Construction Cost Data, 2019

2020

Economic Profile

10

Page 11: CELEBRATING - JeffcoEDC...Companies: 33 Jobs: 501 Average Wage: $92,453 Companies: 309 Jobs: 11,372 Average Wage: $160,398 Jefferson County has one of Colorado’s largest bioscience

transportation

The nation’s largest voter-approved transit expansion program, is a $7.4 billion project that will provide 122 miles of commuter/light rail with 57 stations and 18 miles of bus rapid transit for easy, convenient connections across metro Denver. RTD FasTracks serves Jefferson County with the W and G Lines.

DIA is one of the country’s newest airports and is the fifth busiest airport in the nation and 20th busiest in the world. DIA served 64.5 million travelers in 2019 alone. Home to 26 commercial carriers, the airport has more than 215 nonstop destinations, including 189 nonstop domestic destinations and 26 nonstop international destinations. DIA’s new transit center opened in 2016, connecting passengers to downtown Denver.

To meet future demand, the airport recently broke ground on a $1.5 billion gate expansion project, which will add 39 new gates to the airport by spring 2021 to accommodate a 330% increase in gate capacity.

DENVER INTERNATIONAL AIRPORT (DIA)

Located in the north region of Jefferson County, RMMA is the closest airport to both downtown Denver and Boulder. RMMA serves as a reliever airport to DIA and is the fourth busiest airport in Colorado with over 174,000 operations annually. Established in 1960, RMMA has been self-supported for over 45 years, and continues to provide many benefits to local businesses, industry, and economic development throughout the region, including:

• An on-site U.S. customs office operating 24 hours per day;

• No charge on landing fees;• Two fixed-base operators; and,• Is in a designated Enterprise Zone

and Aviation Development Zone.

ROCKY MOUNTAIN METROPOLITAN AIRPORT (RMMA)

REGIONAL TRANSPORTATION DISTRICT (RTD) FasTracks Project

Interstate 70 is a major east/west transportation corridor that runs through Jefferson County and provides access to major highways. State Highway C-470 connects I-70 to the county, as well as I-25 to the south, which is the major north/south interstate through Colorado.

The JEFFERSON PARKWAY is the last 10-mile segment of the roadway needed to complete the beltway around metro Denver, currently consisting of E-470, C-470, and the Northwest Parkway. Completion of the beltway is expected to influence residential and non-residential development along the Parkway as regional access improves.

HIGHWAYS

2020

Economic Profile

11

Page 12: CELEBRATING - JeffcoEDC...Companies: 33 Jobs: 501 Average Wage: $92,453 Companies: 309 Jobs: 11,372 Average Wage: $160,398 Jefferson County has one of Colorado’s largest bioscience

COLORADO CHRISTIAN UNIVERSITY (CCU)

COLORADO SCHOOL OF MINES (MINES)

RED ROCKS COMMUNITY COLLEGE (RRCC)

ROCKY MOUNTAIN COLLEGE OF ART & DESIGN (RMCAD)

education

CCU delivers world-class education to thousands of students and offers more than 100 accredited degrees and programs. The university is currently redeveloping its campus in Lakewood. This $120 million project will completely transform the campus with 11 new buildings totaling 700,000 square feet.

COLORADO SCHOOL OF

JEFFERSON COUNTY COLLEGES & UNIVERSITIES

Ranking as the #1 engineering school in the nation, Mines is a public research university devoted to engineering and applied science and prepares students to solve energy and environmental challenges. The university has one of the highest admission standards in the nation, and in 2019 they had an increase of research funding of 25%, to $84 million.

RRCC offers more than 150 programs and 650 courses leading to two-year degrees and professional certificates. The college is one of the only community colleges in the nation to offer a Master’s degree in Physician Assistant Studies. RRCC has two campus locations in Lakewood and Arvada. It is the first community college to offer a master’s degree in Physician Assistant as well as a Bachelor’s Degree in Water Quality.

RMCAD is a private art institution offering campus and online undergraduate and graduate degrees for creative careers. It is an accredited institutional member of the National Association of Schools of Art and Design (NASAD).

EDUCATIONAL ATTAINMENT

Source: U.S. Census Bureau, ACS, 2019

Colorado

High School Diploma +

College degree +

91.9%

41.7%

U.S. Average

High School Diploma +

College degree +

88.3%

32.6%

Jefferson County

High School Diploma +

College degree +

94.4%

45.8%

2020

Economic Profile

12

Page 13: CELEBRATING - JeffcoEDC...Companies: 33 Jobs: 501 Average Wage: $92,453 Companies: 309 Jobs: 11,372 Average Wage: $160,398 Jefferson County has one of Colorado’s largest bioscience

HIGH SCHOOL GRADUATION STATISTICS

Jefferson County¹

85.3%

Colorado²

83.2%

U.S. Average³

80.7%

AC

T T

ES

T S

CO

RE

S

Sources: Colorado Department of Education¹,², 2018 U.S. Department of Education³

Jefferson County Public Schools has been providing educational excellence for more than 65 years. Approximately nine percent of all the K-12 students in Colorado attend a Jefferson County school.

Jefferson County students continue to outperform the state in all grade levels and content areas on CMAS, PSAT, and SAT tests. In 2018, Jefferson County high school graduates received approximately $96 million in scholarships.

SA

T T

ES

T S

CO

RE

S

METRO DENVER

525 550500475

Jeffersoncounty

Math Reading/writing

524

colorado

U.S.Average

527

505

510

506

518

528

531

PUBLIC EDUCATION

ELEMENTARY SCHOOLS

ELEMENTARY K-8

MIDDLE SCHOOLS

HIGH SCHOOLS

OPTION SCHOOLS

CHARTER SCHOOLS

ONLINE SCHOOLS

CAREER/TECH ED SCHOOLS

OUTDOOR LABORATORY SCHOOLS

TOTAL 2018-19 ENROLLMENT

TEACHERS

STUDENT-TO-TEACHER RATIO

GRADUATION RATE

85

5

17

17

12

15

1

1

2

84,623

4,700

18:3

83.5%

2020

Economic Profile

13

20

Colorado

U.S. Average

23.8

20.7

15 25

Page 14: CELEBRATING - JeffcoEDC...Companies: 33 Jobs: 501 Average Wage: $92,453 Companies: 309 Jobs: 11,372 Average Wage: $160,398 Jefferson County has one of Colorado’s largest bioscience

Source: The Council for Community and Economic Research, 2019

Cost of Living Index

Source: U.S. Census Bureau, 2019, and Colorado Comps, 2019

Median Household Income$80k$60k$40k$20k

$60k$40k$20k $80k

Per capita income

$80k$60k$40k$20k

$60k$40k$20k $80k

CHICAGO

DALLAS

DENVER

SAN FRANCISCO

PHOENIX

PORTLAND

SALT LAKE CITY

104.0

100.7

98.0

126.9

100.3

114.7

102.8

GROCERY156.6

122.7

138.5

361.3

108.1

185.9

104.3

HOUSING UTILITIES124.6

98.5

104.0

140.9

100.1

126.3

108.4

TRANSPORTATION99.8

108.2

104.2

127.4

89.0

114.8

103.9

HEALTHCARE121.9

110.9

112.8

200.1

99.4

137.0

101.5

COMPOSITE92.7

108.0

80.8

122.3

106.9

87.0

89.6

2020

Economic Profile

14

Living Here

Jefferson county housing Costs

Average Sales Price Single-Family Detached$510,564

$286,727Average Sales Price

Single-Family Attached

Rental Vacancy Rate

4%

$1,516Average

Monthly Rent

Jefferson County

Metro Denver

Colorado

U.S. Average

$75,170

$79,478

$65,458

$57,652

$63,536

$65,424

$58,456

$54,446

Page 15: CELEBRATING - JeffcoEDC...Companies: 33 Jobs: 501 Average Wage: $92,453 Companies: 309 Jobs: 11,372 Average Wage: $160,398 Jefferson County has one of Colorado’s largest bioscience

LUTHERAN MEDICAL CENTER

HEALTHCARE

ST. ANTHONY HOSPITAL KAISER PERMANENTE

CLIMATE

300 JULY FEBDAYS OF SUNSHINE PER YEAR

HOTTEST MONTH (89° avg. high)

COLDEST MONTH(15° avg. low)

ANNUAL AVG.SNOWFALL

Lutheran Medical Center is a community-based, acute-care hospital located in Wheat Ridge. Local and national ratings organizations regularly recognize Lutheran for clinical excellence, patient safety, and patient experience.

In 2019 and 2018, Lutheran received Healthgrades’ Distinguished Hospital Award for Clinical Excellence and was awarded Healthgrades’ Americas 50 Best Hospital Award. Lutheran’s premier services include a five-star birthing center, Heart and Neurovascular Center, robotic surgery, Primary Stroke Center, Comprehensive Cancer Center, Orthopedics, a Level III Trauma Center, The Women and Family Center, and emergency services. Senior-focused services include, Senior Behavioral Health and a Senior Surgery Center. Lutheran operations include Lutheran Hospice Center, Lutheran Spine Center at Denver West, and Bridges Integrative Health and Wellness Services.

St. Anthony has been serving the Colorado community for 125 years. Located in Lakewood, St. Anthony provides expert care with innovative technology. As a Level I Trauma Center, St. Anthony is a primary receiving center for the region’s most seriously ill and injured patients, and is the headquarters for Flight for Life Colorado. St. Anthony provides services in cardiology, stroke, neurosciences, oncology and orthopedics. In addition, the St. Anthony Medical Campus is home to a Comprehensive Stroke Center, Neuroscience Center, Cancer Center, Breast Center, and OrthoColorado Hospital, the only orthopedic specialty hospital in the region. St. Anthony Hospital received 11 honors from Healthgrades, including the Distinguished Hospital Award for Clinical Excellence and merited honors for its respiratory, sepsis, GI, and heart and vascular services.

One of the largest not-for-profit health plans serves Jefferson County with 39 medical offices throughout Colorado, including facilities in Arvada, Lakewood, Westminster, Wheat Ridge and unincorporated areas of the county. In 2019, Kaiser celebrated 50 years in Colorado, reaching 640,000 members, 1,200 physicians, and over 6,700 employees.

15.25”ANNUAL AVG.PRECIPITATION

69”AVERAGEHUMIDITY

37%Source: NOAA 2019

JEFFERSON COUNTY OPEN SPACE PROGRAM

ACCORDING TO THE 2019 UNITED HEALTH FOUNDATION REPORT,

COLORADO RANKS:

2020

Economic Profile

15

Created by a vote of Jefferson County citizens in 1972 to preserve open space land for present and future generations, Jefferson County Open Space is a nationally recognized program funded by a 0.5% sales tax on the county’s retail sales. To date, the program has acquired over 56,000 acres with 244 trail miles, and sees over 7 million visitors annually.

1st: Lowest Obesity Rate1st: Physical Activity1st: Lowest Diabetes Rate2nd: Lowest Cardiovasular Disease3rd: Lowest Cancer Rates

Page 16: CELEBRATING - JeffcoEDC...Companies: 33 Jobs: 501 Average Wage: $92,453 Companies: 309 Jobs: 11,372 Average Wage: $160,398 Jefferson County has one of Colorado’s largest bioscience

OPENING THE FUTURE FOR BUSINESS IN JEFFERSON COUNTY, COLORADO

JEFFERSON COUNTY ECONOMIC DEVELOPMENT CORPORATION

is an advocate for the county’s business community and is dedicated to building economic prosperity. Jefferson County

Economic Development Corporation promotes job creation by encouraging attraction, expansion, and retention of

primary employers.

Jefferson County is home to some of the world’s most successful and diverse companies that are creating world-class

technologies and products, including Lockheed Martin, MillerCoors, Terumo

BCT, and Pilatus Business Aircraft.

Join these companies and benefit from Jefferson County’s pro-business

environment, highly educated workforce, strategic location, and unmatched

quality of life.

1667 Cole Boulevard, Suite 400, Golden, CO 80401303.202.2965 www.jeffcoedc.org

@jeffcoedc