Colorado’s Aerospace Industry By the Numbers: Fastest Growing in the U.S.!
Friday, July 24, 2020
Colorado’s aerospace industry is growing rapidly and Metro Denver/Denver South is at the heart of this growth. The largest concentration of private aerospace employment is in Colorado with companies choosing the state for its proximity to vendors and customers, universities, and the ability to recruit top talent.
Aerospace in Metro Denver and Parker
- 21,090 people are employed in the aerospace industry in Metro Denver
- The average employee makes $129,730
- 130 aerospace companies are in Metro Denver
In the neighborhood: United Launch Alliance, Sierra Nevada Corporation, UP Aerospace Inc., Jeppeson, A Boeing Company, Oakman Aerospace Inc., BYE Aerospace, General Atomics, Lockheed Martin, Northrop Grumman, and Raytheon, among others.
“The Metro Denver and Northern Colorado region also has a strong cluster of companies involved in geospatial technologies, remote sensing, imaging, and related industries. Additionally, with major DoD, NASA, and commercial activities, Colorado is the U.S. center for military space. The state's four military commands—the primary customers for space-based research, development, acquisition, and operations—ensure industry growth.” (Metro Denver EDC)
Key Facts About Colorado
- #1 Economy in the United States, per U.S. News 2019
- #4 Best business environment in the United States, per U.S. News 2019
Government policies are in place to encourage continued economic growth. The state’s corporate income tax rate of 4.63 percent is one of the lowest in the nation and is based on single-factor apportionment, which allows companies to pay taxes based solely on their sales in the state. (State of Colorado; The Tax Foundation).
Some of the aerospace projects being worked on in Colorado include:
- Dream Chaser
- IXPE Mission
- Mars 2020
- New Horizons
- Wide-Field Infrared Survey Telescope
- Joint Polar Satellite System
- GPS IIII
- GPS OCX
- United Launch Alliance
Discover Parker’s Aerospace Industry
We invite you to contact us to learn more about the benefits of living, working and owning an aerospace business in Parker, Colorado. Email Darlene McCampbel, Economic Development Coordinator at email@example.com for more information.