“The story of the West is the quintessential story of the American way. There's much entrepreneurship." - John Hickenlooper
A Cluster Industry Approach
The cluster industries we’ve targeted give groups of similar and related firms with the competitive advantage of the southern Front Range area that share common markets, technologies, worker skill needs, while still linked to the buyer-seller relationships of the Colorado Front Range.
Firms and workers in these targeted industries can draw competitive advantage from their proximity to growing competitors, skilled workforce, specialized suppliers, and a shared base of research driven knowledge within each growing segment.
"Clusters" illustrate why a place like Colorado matters in the global economy. Businesses thrive in particular locations because their network of local connections to a specially skilled local workforce and the availability of strong local suppliers in proximity to one another generates business advantages that can not easily be imitated or competed away by low cost competitors.
The major step in crafting the southern Front Range region’s economic development strategy focuses on the types of industries to target for expansion and retention. Industry targets chosen are designed to meet varying community goals ranging from diversifying the economic base, to increasing the average wage, to utilizing natural and labor resources more fully. The community’s economic development efforts are focusing on industries in which the community has clear competitive advantages. Further, these target industries are economically, environmentally, and socially acceptable to the southern Front Range's heritage.
Southern Colorado Cluster Industries:
- Agriculture & Tourism
- Creative Industries
- Energy & Natural Resources
- Recreation & Tourism