Denver could be having slow-growth pains a few years from now? It's true, and here's why.
Historically, Denver has seldom bucked broader economic trends."When everything is great, it does well. When everything is bad, it does poorly," Garner notes.
As an example, she cites the dip in the leisure and hospitality fields as a result of COVID."Denver was the second-most impacted county in the state in terms of absolute loss to the casino counties, whose economy is so based on casino jobs. And because of the transitions that have taken place over the past couple of years, I don't know if all those leisure and hospitality jobs will ever come back.
Another unexpected Denver development involves diversity."When we look at the changes from 2010 to 2020, about a third of Colorado's total growth was in our white, non-Hispanic population, and about two-thirds of the growth was in our people of color," Garner says."But when we look at that distribution across the state, we saw the Front Range grow more diverse, and that was definitely true in our largest, fastest-growing counties.
In some ways, Garner says, counties whose populations are already getting smaller"are potentially more prepared and resilient than we might think, because it's actually been going on for a bit. What I think is going to be hard for Denver and the Front Range is that they've always been able to depend on attracting the best and the brightest — being able to migrate highly talented people.
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