Denver ranked 10th for small business growth and 3rd for local shopping

A study of US Census Bureau data by American City Business Journals ranked Denver tenth nationally for the increase in small businesses between 2010 and 2014 and Yelp ranked Denver 3rd best city when it come to shopping locally.

Small business counts in the United States grew by 2.1 percent between 2010 and 2014, but some markets proved far hotter than others. How about Denver?

Metro Denver added a net 4,232 small businesses over the five-year span, according to a new American City Business Journals analysis of U.S. Census data. That places Denver in the top 10 for most small businesses added.  In 2014, Denver boasted 76,277 small businesses.

The ACBJ analysis included small-business growth rates for all 106 metropolitan areas with more than 500,000 residents. The study defines a small business as any private enterprise with one to 99 paid employees.

In terms of a percentage increase in small businesses as compared to the existing total, Denver ranks No. 14 among the 106 metros.

Yelp’s  created a gifting score for each city by looking at positive reviews mentioning the word ‘gift’ written by locals for non-chain businesses in specific shopping categories that are popular for the holidays. Yelp said it commissioned a survey conducted by Harris Poll that determined that 64 percent of Americans are likely to shop at local independent businesses this holiday season, and those local shoppers plan to spend an average of $324 each, up from the $258 average last year.

Denver is definitely getting lots of notice and the notice is for good things.

Looking to expand into the Denver market.     Call Tony, Matt or John.  They’ll be happy to help you find that perfect space.

Western Investor Network  “WINning Real Estate Solutions” 720-344-1174

Source:  Denver Business Journal  11/21/16 and 11/22/16


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