How is Denver's economy doing during this newly dubbed "great recession?" The answer is, surprising well. According to a new article out by the Denver Business Journal, Denver has the nation's third-strongest economy out of 366 metro areas, based primarily on two decades' worth of jobs and income data, according to a report released Wednesday by economics research firm Policom Corp.
So how did Denver receive its highest ranking ever? To compile its report, Florida-based Policom said it measured 23 different economic factors from 1989 to 2008. Positive factors in the rankings include wages and income broken down in several ways, plus jobs in key sectors; negative factors include welfare and Medicaid spending.
Top rated areas like Denver have had rapid, constant growth in both size and quality for extended periods. The study does not factor in recent hot spots or trendy cities, but instead cities like Denver that have weathered the recession storm and appear that they will come out on top. Just another reason to celebrate our great city and keep working to make this trend continue. I see the number one spot calling our name.
Read more: Denver has nation's 3rd strongest economy, says Policom - Denver Business Journal:
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