The Colorado Sun: Restaurants, job training and low(er) home prices: A dive into why Colorado Springs’ economy is booming

The city leads the state for employment growth in 2018 and 2019, thanks to diversity in business, age, health care, cybersecurity.

About five years ago, the CEO of automotive tech firm Altia considered moving the company’s headquarters out of Colorado Springs, where he co-founded the company in 1991.

Engineering talent — more plentiful in places such as Silicon Valley and, increasingly, Denver — was hard to find in Colorado Springs, recalled CEO Mike Juran, a former software developer at Hewlett-Packard.

Then something changed.

A new mayor and a reinvigorated economic-development effort had something to do with it. The city started growing. But what was happening outside city limits also affected his decision.

“Denver started getting a bit overcrowded and expensive, (so) we felt we’d be losing if we moved,” said Juran, who previously kept his head down to focus on business but now finds himself so upbeat about Colorado Springs, he agreed to join the local chamber’s economic-development board at Mayor John Suthers’ request. “Right now, I’ve become active because I’m trying to build a town that our employees want to stay in and one that my kids want to move back to. They’re in college right now, so I have an ulterior motive.”

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