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Forbes ranks Colorado Springs as No. 12 in the nation as a place for business, careers

October 19, 2016 Updated: October 19, 2016 at 7:19 pm
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photo - A rainbow hangs over downtown Colorado Springs during a recent evening rainshower Friday, June 19, 2015. Photo by Mark Reis, The Gazette
A rainbow hangs over downtown Colorado Springs during a recent evening rainshower Friday, June 19, 2015. Photo by Mark Reis, The Gazette 

Colorado Springs, which already has received kudos this year from two prominent national publications as a great place to live, now has been tabbed by Forbes Magazine as a top city for business and careers.

In its 18th annual ranking of metro areas that stand out for their work environments and released on Wednesday, the Springs ranked No. 12 out of the nation's 200 largest cities, according to Forbes. Denver ranked No. 1 for the second straight year.

Forbes said it rated areas based on 14 different factors related to job growth, business and living costs, income growth, quality of life and the education of its workforce.

In its snapshot look at Colorado Springs, Forbes noted that its culture and economy were influenced by military installations and defense contractors, and that it's a popular tourist destination because of Pikes Peak, Garden of the Gods and Cave of the Winds, among others.

The Forbes ranking followed that of Money Magazine, which this month chose the best cities in six regions around the country - and tabbed the Springs as "best in the mountains."

Also, U.S. News & World Report in March ranked Colorado Springs as No. 5 among best places to live.

Matt Coleman, board chairman of the Colorado Springs Regional Business Alliance, said on Wednesday that Forbes' ranking of the Springs is a tribute to efforts by business, civic and community leaders to work together to address area problems and to attract employers.

Those efforts are being noticed by out-of-town business people and site selection consultants, who already like the Springs for its quality of life, low cost of doing business and its workforce, Coleman said.

"It doesn't mean we always agree, but between the mayor (John Suthers), the RBA (Business Alliance) and county commissioners, people are truly pulling in the same direction," Coleman said.

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Contact Rich Laden: 636-0228

Twitter: @richladen

Facebook: Rich Laden

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