Whether we want to believe it or not, 2018 is already half-way over. And while we can’t wait to see all the ways Colorado Springs will continue to make headlines in the second half of the year, we’re taking a moment to celebrate this year’s biggest stories and best accolades so far. In case you missed them, here’s the news about Colorado Springs’ strong economy and superior quality of life that are already at the top of our list:
Most Desirable Place to Live:
We’re still pinching ourselves after the release of this number one ranking by US News & World Report in late July. This ranking is based off of where U.S residents would live if given the choice. This year, Colorado Springs unseated long-time champion Honolulu, putting Pikes Peak over the Pacific thanks to our access to an abundance of alpine activities among other factors.
Best Place to Live:
In April, US News & World Report also awarded Colorado Springs with the number two spot on their best places to live list, trailing close behind Austin, Texas. The number two rank was accredited to what Colorado Springs residents have enjoyed for years – a low cost of living, low unemployment rate and active outdoor lifestyle.
Did you know that millennials are moving to Colorado Springs at a higher rate than any other city in the country? Thanks to a multitude of lifestyle assets, young professionals are taking advantage of job opportunities in the region and will be essential to the continued growth of the Colorado Springs metro. Thanks to Colorado Biz Magazine for highlighting this piece by our Chief Economic Development Officer, Tammy Fields, to showcase Colorado Springs’ culture and strong growth outlook.
The New Hipster Haven:
Okay, this article is from August 2017, but we couldn’t leave this snappy headline off this list. OZY caught our attention by calling all hipsters to head to Colorado Springs rather than Denver to get a taste of the sweet Colorado lifestyle without Mile High costs. Still a favorite, we’re happy to be a desirable home for hipsters.
Setting New Records:
Earlier this year, we witnessed a record transaction when private equity firm, KKR bought the majority of Insight Venture Partners’ stake in Cherwell Software LLC, based here in Colorado Springs. The going price? A whopping $172 million – nearly triple the size of Colorado Springs’ last local venture deal. Learn more about this record-breaking purchase in this Gazette article.
Sizzling Job Market:
Forbes and The Gazette both touted Colorado Springs’ hot job market as one of the best in the United States. Forbes ranked our city as the No. 13 best mid-size city for jobs in 2018, while the Gazette cited a ManpowerGroup survey that put Colorado Springs’s job market as the fifth best. The region’s positive net employment outlook bodes well for both Colorado Springs employers and job-seekers. Check out these articles to learn more.
Smart Tech, Smart City:
While 2019 will be the year the new Olympic Museum reaches completion, we’ll remember 2018 as the year Panasonic announced their partnership with Colorado Springs Utilities. According to the Colorado Springs Business Journal, “The collaboration will help create strategic technology for both the city and museum, while providing an immersive entertainment experience in a sustainable ‘smart city’ environment.” Read the article to learn more about this unique partnership and approach to high-tech community development.
So far, 2018 headlines feature Colorado Springs jobs, cost of living, lifestyle, and record-breaking purchases and partnerships. Not too bad for the first six months of the year! To stay up-to-date with the biggest headlines and area news, sign up for our newsletter or get in touch to learn more about Colorado Springs’s business strengths.