Denver Business Journal
Thursday, March 5, 2015, 3:48pm MST
Mark Harden
Denver Business Journal
Denver Mayor Michael Hancock speaks at the Denver Business Journal's Jan. 14 State of the Cities event.
Denver city officials graded themselves on economic development Thursday, saying city efforts to stimulate business growth in 2014 created 3,311 new jobs and retained 4,083 others.
The Denver Office of Economic Development also helped 119 businesses expand and make $139 million in capital investments, and OED worked to help create 557 affordable housing units, according to the OED's 2014 annual report.
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Denver Mayor Michael Hancock unveiled the report Thursday afternoon at a roundtable meeting with local businesses leaders at Rosenberg's Bagels at 725 E. 26th Ave. to talk about sustaining the city's economic momentum. Rosenberg's is a business along the Welton Street corridor that was backed by $75,000 in OED funds, officials said.
"In partnership with our communities, there is an undeniable energy surging through Denver, and there's no doubt that this city is open for business," Hancock said in a statement accompanying the OED report. "Bold and intentional investments in the private sector have created a robust economy that is driving opportunity for residents and neighborhoods across the city."
But the mayor — who a month ago launched his campaign for a second term— also acknowledged that "there are still thousands of people in Denver who want to work but can't find a job. That is why my administration is determined to make sure the economic prosperity we're seeing today extends to everyone, not just a few. That is why we will remain focused on partnering with the private sector to grow good jobs in Denver."
Denver officials also reported that, since OED's JumpStart economic-development strategic plan was first launched in 2012, the city has helped create 6,539 new jobs and retain 6,683 existing jobs.
> Click here to download OED's 2014 annual report.
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