Boulder Business, Commerce & Employment
A growing business community bustles behind the outdoor beauty of Boulder.
From up-and-coming e-businesses to multinational corporations, Boulder
has become a beacon for companies and organizations of all types, offering
businesses and their employees the unique combination of a robust local
economy, skilled workforce, busy job market, strong, business-friendly
local support infrastructure and boundless entrepreneurial opportunity.
All this, plus the Rocky Mountain quality of life and beautiful surroundings,
make Boulder a great place to do business.
An influx of high-tech, medical and start-up companies in the 1990s provides
new momentum to the Boulder business community entering the 21st century.
Large companies are relocating here at the same time start-up companies
are choosing to call Boulder home. There's no mystery why: Boulder is
as much a great place to work as it is a great place to live.
Boulder Business: Facts & Figures
- Boulder County's economy approaches $8 billion.
- The number of businesses in Boulder County has increased an average
of more than 4.5% since 1994, to an estimated 11,100 establishments
- Despite rapid population growth in the Colorado Front Range, the unemployment
rate in Boulder County was estimated at less than 3% in 1999, well below
the national average.
- More than 40% of all business in Boulder County fall into the "service"
category. Business services, education and engineering establishments
represent 30 percent of this category.
- Manufacturing , from technical instruments to printing and publishing,
contributes about 27% to gross county product.
- Personal income for Boulder County residents has increased an estimated
6% annually since 1995 and is expected to continue growing at that pace
- Per capita personal income for Boulder County residents increased
30% in real terms during the 1990s.
- The average wage in most Boulder County industries has grown at least
10% per year for the last five years.
- Stock prices for all publicly traded companies in Boulder County have
more than doubled since 1990.
- Residential real estate prices in Boulder County have increased by
double digits since 1998 as more people discover the area.
- The median price for a new home in Boulder was about $416,000 in 1999,
up from $378,000 in 1998. The median resale value of a home in Boulder
in 1999 was $265,000, a slight increase from $263,000 in 1998. The median
cost for a condominium in Boulder in 1999 was $143,000, up from $132,000
(Sources: Boulder Economic Council, Boulder County Business Report)
In Good Company
The lengthy list of companies and corporations that call Boulder home
includes quite a few well-known concerns. Heres a sampling:
- Ball Aerospace & Technologies
- Celestial Seasonings
- Centrobe Inc.
- Exabyte Corp.
- Hunter Douglas
- IBM Corp.
- National Center for Atmospheric Research (NCAR)
- National Institute for Standards and Technology (NIST)
- National Oceanic and Atmospheric Administration (NOAA)
- Storage Technology Corp. (StorageTek)
- Sun Microsystems Inc.
- US West Advanced Technologies
- Whole Foods Markets Inc.