Why Denver Is Struggling to Keep Up With its Economic Boom - The Colorado Paradox (Video)
In this 22 May 2024 video, CNBC takes a hard look at the Denver economic boom and the impact being caused by infrastructure shortages.
Over 100,000 people moved to Denver, Colorado, between 2010-2020, becoming a hotbed of venture capital dollars and economic opportunity. The city is ranked 19th as the best startup city in the world, according to Pitchbook.
But this rapid growth has created challenges for the city, including a labor and housing shortages. Now as the city becomes increasingly unaffordable, the population has plateaued.
Additionally, the influx of 40,000 migrants in 2023 is weighing on the city’s resources. Watch the video to learn more about the challenges that have come with Denver’s rapid growth.
https://youtu.be/6YD8T8gqmeU
Chapters:
0:00 Introduction
1:25 Growth
5:45 Labor and Migrants
8:20 Managing expansion
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