Chief Economist Silverstein of the Metro Denver Economic Development Corporation (Metro Denver EDC) released a statement today saying that one of the longest and deepest economic contractions in the nation's history appears to be over. The big questions now has to do with the strength and recovery time associated with the multi-year slump in business and home-buying and where each stands as the economy is built back up.
Although the Metro Denver area made many job cuts in early 2008, the city fared much better than many other regions through those early months, adding jobs through the first three quarters in 2008.
Although the outlook for 2010 is hard to gauge this early on, strong rankings throughout 2009 suggests that Metro Denver has retained some of the basic fundamentals required for growth as the nation's economy continues its path to recovery.
In addition to strong economic growth within the Metro Denver area in the past few quarters, Denver ranks first among the nation's most desirable places to live which speaks columns about its stable housing market being the nation's best metropolitan area in which to buy a home.
Read more to find out what fundamental principles Denver and other regions are doing to insure growth on every level.