The Scoring Tech Talent report ranks Denver as a top market for tech talent wage growth, millennial population change and educational attainment
Denver jumped six spots to #12 on CBRE’s Tech Talent Scorecard, part of its fifth annual Scoring Tech Talent Report, which ranks 50 U.S. and Canadian markets according to their ability to attract and grow tech talent.
The report, which can be viewed in detail by market in the interactive Tech Talent Analyzer, finds that strong demand for talent that offer specific skills, such as software development, coupled with a tight labor supply, is driving companies to locate in markets with the largest concentrations of high quality talent. And while value is a key driver when it comes to choosing an office location, companies are showing that they are willing to pay a premium to access the highest quality tech talent.
“Since the cost of talent is the largest expense for most firms, the quality of that tech talent is becoming one of their most important considerations. The skills of the available labor pool do not appear to align with available jobs, causing a structural impediment to growth for companies across North America,” said Colin Yasukochi, director of research and analysis for CBRE and the report’s author.
Denver was among the best value markets for tech talent, due to its moderate labor costs (averaging $100,383 for a tech wage) and “very-high”-quality labor pool.
Tech Talent Scorecard
The top 10-ranked cities on the Tech Talent Scorecard were all large markets, each with a tech labor pool of more than 50,000. The San Francisco Bay Area, Seattle, New York, Washington, D.C., Atlanta, Toronto, Raleigh-Durham, Austin, Boston and Dallas/Ft. Worth made up the top 10.
The rankings for the Tech Talent Scorecard are determined based on 13 unique metrics including tech talent supply, growth, concentration, cost, completed tech degrees, industry outlook for job growth, and market outlook for both office and apartment rent cost growth.
Helping to elevate its ranking on the Scorecard, Denver stood out in the report in a number of key areas:
“There are a lot of reasons to feel good about Denver’s tech scene. We continue to attract top tech talent thanks to our robust economy, supportive entrepreneurial culture and overall quality of life, and Denver’s strong tech wage growth only adds to that appeal. While our office rents and average salary have risen, Denver is still an affordable option compared to other top tech markets like San Francisco and New York,” said Alex Hammerstein, senior vice president, CBRE Tech and Media Practice in Denver.
View the full report here. To view individual markets statistics and rankings, including rankings on the Scorecard, click to access the Tech Talent Analyzer.
About CBRE Group, Inc.
CBRE Group, Inc. (NYSE:CBG), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services and investment firm (based on 2016 revenue). The company has more than 75,000 employees (excluding affiliates), and serves real estate investors and occupiers through approximately 450 offices (excluding affiliates) worldwide. CBRE offers a broad range of integrated services, including facilities, transaction and project management; property management; investment management; appraisal and valuation; property leasing; strategic consulting; property sales; mortgage services and development services. Please visit our website at www.cbre.com.
On Tuesday, August 15, the Chamber hosted a Ribbon Cutting Ceremony for Gracie Barra Centennial. Congratulations on your grand opening, Gracie Barra, and welcome to our membership!
Founded in 1986, Gracie Barra grew to become renowned in the Martial Arts world. Unyielding commitment to excellence on teaching methods, cutting-edge programs, and focus on a balanced life style for our members, along with a bountiful collection of Championship titles, GB is considered by many the powerhouse of Brazilian Jiu-Jitsu. For more information, visit their website here.
August 10, 2017
Contact: Allison Wittern, 303-754-3443
Centennial, Colo. — Last week the City of Centennial received three prestigious awards from Gallup. The City of Centennial became the first city government to receive the Gallup Great Workplace Award, an honor that recognizes a select group of organizations around the world for their ability to create engaged workplace cultures that drive business outcomes.
Scott Brown, Gallup’s Director of Business Development visited Centennial to present these three awards. “The Great Workplace Award has been around for 11 years and Centennial is the first local government to receive this recognition. This is a very competitive award and is a culmination of the best of the best,” says Brown. “Engagement is a strategic driver to performance and an organization thrives when people are engaged. Congratulations City of Centennial.”
Also, Centennial’s internal wellness committee received the Gallup Trailblazer award which recognizes the City for creating new roads of employee engagement that future generations of managers and employees will follow. “Being recognized as a first time Gallup Great Workplace Award winner and seeing the City also be recognized as a Trailblazer in the realm of employee engagement is extremely humbling. I am privileged to work every day with such incredibly talented and committed City staff,” says Centennial Human Resources Director Paula Gibson.
Last but not least, Deputy City Manager Elisha Thomas received an award for being a finalist for Gallup’s Manager of the Year. The 12 finalists for this award are managers who have shown high levels of performance, attain high retention of employees and achieve consistent engagement scores over time.
Gallup’s rigorous scientific research links employee engagement to nine integral performance outcomes: customer metrics, profitability, productivity, turnover, employee and patient safety incidents, shrinkage, absenteeism, and quality. Companies with this winning combination have a competitive edge — organizations with highly engaged workforces can grow at a rate that is 4.3 times greater than that of their competitors.
All of the award recipients have shown measurable business impact as a result of having a more engaged workforce. They have achieved this by integrating engagement into four areas that Gallup has identified as vital to cultivating a workplace culture of engagement:
For more information about the awards, contact GallupGWA@gallup.com.
Gallup delivers analytics and advice to help leaders and organizations solve their most pressing problems. Combining more than 80 years of experience with its global reach, Gallup knows more about the attitudes and behaviors of employees, customers, students and citizens than any other organization in the world. Gallup works with leaders and organizations to achieve breakthroughs in customer engagement, employee engagement, organizational culture and identity, leadership development, talent-based assessments, entrepreneurship, and well-being.
The Chamber's Health & Wellness Council had an incredible turnout for their Workplace Wellness Speaker Series event on Wednesday, August 9th, 2017. Over 40 were in attendance to hear from Jeff Buenrostro, COO, Metric Theory, discuss how the company has leveraged innovative corporate structure to keep employees engaged, productive, and yes — healthy.
Scroll through the PDF below to view Buenrostro's presentation.
A huge thanks to Metric Theory for visiting our Chamber!
Don't forget to register for the Council's upcoming speaker series event on October 11, 2017. RSVP Here.
The Chamber's 2017 Women in Business Conference is LIVE and tickets are selling quickly! Do not miss out on the early bird special ticket price. Three incredible keynote speakers, networking booths, awards, and happy hour galore!
Click here for more information.
Saturday, September 16th
Five Thirty in the Evening
Attire befitting 1920s Guys and Dolls
Click here to register today!
We were so happy to host a Ribbon Cutting Ceremony for 2nd and Charles on Wednesday, August 2nd!
On behalf of the South Metro Denver Chamber, welcome to our membership and to our community!
Visit their new location: 8500 W. Crestline, Unit K, Littleton, Colorado 80123
Visit their website: 2ndandcharles.com.
2nd and Charles buys, sells, and trades books, movies, music, and so much more. Turn your old books into an e-reader. Turn your old video games into new ones. Turn your CDs into vinyl records. Or turn it all into sweet, sweet stacks of crispy legal tender (a.k.a. “Cash”). www.2ndandCharles.com.
Member Spotlight: Gracie Barra
Come see why Gracie Barra Jiu-Jitsu is for everyone….
Gracie Barra is the one of the largest and most traditional Brazilian Jiu-Jitsu Organizations in the World. Our schools, instructors, and competitors are present not only in the United States or Brazil, but also in South and Central America, Europe, Africa, Asia, and Oceania.
Founded in 1986, Gracie Barra grew to become renowned in the Martial Arts world. Unyielding commitment to excellence on teaching methods, cutting-edge programs, and focus on a balanced life style for our members, along with a bountiful collection of Championship titles, GB is considered by many the powerhouse of Brazilian Jiu-Jitsu.
Each one of the over 500 Schools worldwide has the mission of teaching Brazilian Jiu-Jitsu as a means for individual development going beyond the “contest philosophy.”
At GB Centennial, we strive to continue the legacy of extraordinary individuals such as Mitsuyo Maeda, Carlos Gracie Sr., Rolls Gracie, Carlos Gracie Jr., and countless other GB instructors who dedicate their lives to the realization of their predecessors’ legacy. When joining our gym, you join our jiu-jitsu family.
Come see why Gracie Barra Jiu-Jitsu is for everyone….
Learn Self Defense - Enhance your Discipline - Add to your healthy lifestyle - Help your kids gain confidence - All with the best Brazilian Professors. Over 2,000 square feet of mat space, showers, changing rooms, and more.
Join us in welcoming Gracie Barra to South Metro Denver Chamber at their Ribbon Cutting!
Tuesday, August 15, 2017 4:00 PM - 6:00 PM
Gracie Barra Centennial
4181 E County Line Road Suite C., Centennial, CO 80122
Refreshments and a jiu-jitsu demonstration will follow the ribbon cutting.
For more information, visit www.gbcentennial.com.
Original Article: Denver Business Journal
Lockheed Martin Corp. has started construction on a new $350 million satellite manufacturing facility at its Waterton Canyon campus in Jefferson County.
Lockheed Martin said its new 266,000-square-foot Gateway Center satellite plant will be completed in 2020.
The new facility is part of the ongoing transformation and expansion of the foothills campus, which is the headquarters of aerospace and defense company's Lockheed Martin Space Systems Co. (LMSS) division.
Construction is expected to employ a total of 1,500 contractors over the course of three years, the company said.
LMSS has added more than 750 local jobs since 2014, and it currently has about 350 job openings.
The new building will accommodate that recent growth and new future projects, the company said.
"This is our factory of the future: agile, efficient and packed with innovations. We'll be able to build satellites that communicate with front-line troops, explore other planets, and support unique missions," said Rick Ambrose, executive vice president of LMSS, in a statement. "You could fit the Space Shuttle in the high bay with room to spare. That kind of size and versatility means we'll be able to maximize economies of scale, and with all of our test chambers under one roof, we can streamline and speed production."
The company has other clean rooms and satellite production facilities on the campus, but they're all typically being used, LMSS spokesman Matt Kramer said. The company is in the midst of building four large global positioning satellites for the U.S. Air Force, weather satellites, and NASA's Insight lander that's scheduled to launch on a mission to Mars next year.
Adding another large satellite cleanroom and production facility will let the company quickly start on future commercial or federal government satellite projects it expects, Kramer said.
The new plant is designed to use 3-D printing, digital design and virtual reality to make satellite construction more efficient.
The Gateway Center clean room will fit five large-scale satellites being built simultaneously. It's also designed to be flexible enough for use in manufacturing small satellites, too, the company said.
The plant will have testing chambers inside, eliminating the need during construction to slowly transport satellites across the campus to other buildings so that they can be subjected to barrages of sound waves and extreme temperatures to ensure they will withstand the harsh climate of space.
The Gateway Center will make a total of 3.5 million square feet of aerospace production space and offices on the LMSS headquarters campus, the company said.
LMSS employs about 4,000 people at its headquarters, which has been in operation since the 1950s. The division employs more than 13,000 worldwide.
Original Article: Denver Business Journal
Reporter: Greg Avery
Sterling Ranch Update: Homes are selling; commercial space is under construction.The first resident has moved in at the sprawling master-planned community in Douglas County.
Article: Denver Business Journal
Sterling Center is the first commercial building to be constructed at Sterling Ranch.
Two years after the Douglas County master-planned community Sterling Ranch broke ground, the neighborhood's first resident has moved in, 60 homes have been sold so far, and the first commercial space is underway.
Sterling Ranch is a master-planned 3,400-acre development in northwest Douglas County that broke ground in June 2015. Sterling Ranch is expected to include 12,000 homes by full build-out, anticipated to take 20 years.
Mortenson Construction earlier this month broke ground on Sterling Center, a 33,000-square-foot commercial and community center near the Highway 85/C-470 interchange. UCHealth will take up 8,000 square feet in Sterling Center, said Randy Pye, spokesperson for the project.
The remainder of the space will be offices occupied in part by Siemens AG, the Sterling Ranch community authority board and Lumiere Fiber, which is working with Siemens, IBM and other companies to build the fiber network that will run through Sterling Ranch.
Sterling Center will also include community rooms and common areas, although specific uses for the space haven't yet been determined, Pye said.
The building was designed by Eppstein Uhen Architects, which entered the Denver market through its acquisition of BurkettDesign Inc., now BurkettEUA, earlier this year.
Mortenson is serving as both general contractor and developer for Sterling Center, although Sterling Ranch, an entity led by Harold Smethills, is the owner.
“Mortenson Development is excited to help this incredible community enter the next phase of its development,” said Taber Sweet, development executive for Mortenson. “This first commercial building at Sterling Ranch is a milestone in that our largest tenant, UCHealth, will be the first health system to offer outpatient health care services to residents in the area.”
Work is expected to be complete on Sterling Center in late spring or early summer 2018. Sterling Center includes second-floor decks, display gardens and walking paths.
Six of the eight homebuilders at Sterling Ranch have completed their model homes, Pye said, and are selling homes now.
Denver Business Journal