Why Denver Is Struggling To Keep Up With Its Economic Boom

CNBC

Over 100,000 people moved to Denver, Colorado between 2010-2020, becoming a hotbed of venture capital dollars and economic opportunity. The city is ranked 19th as the best startup city in the world, according to Pitchbook. But this rapid growth has created challenges for the city, including a labor and housing shortages. Now as the city becomes increasingly unaffordable, the population has plateaued. Additionally, an influx of 40,000 migrants in 2023 are weighing on the city's resources. Watch the video to learn more about the challenges that have come with Denver's rapid growth. Chapters: 0:00 Introduction 1:25 Growth 5:45 Labor and Migrants 8:20 Managing expansion Produced by: Ryan Baker Edited by: Darren Geeter Animation: Christina Locopo Senior Managing Producer: Tala Hadavi Reporter: Carl Quintanilla Supervising Producer: Erica Posse Senior Executive Producer: Ray Parisi Camera and Audio by: Van Applegate, Dan Dvorak, Breck Larson, Oscar Molina, Tara McCurrie, Rob Stookey, Micheal Kranicke, Drew Levinson, Kevin Sanchez, Bob Tatlock, Marco Mastrorilli Additional Footage: Getty Images, Denver Metro Chamber of Commerce, Denver Arts & Venues » Subscribe to CNBC: https://cnb.cx/SubscribeCNBC » Subscribe to CNBC TV: https://cnb.cx/SubscribeCNBCtelevision About CNBC: From 'Wall Street' to 'Main Street' to award winning original documentaries and Reality TV series, CNBC has you covered. Experience special sneak peeks of your favorite shows, exclusive video and more. Want to make extra money outside of your day job? Sign up for CNBC's new online course How to Earn Passive Income Online to learn about common passive income streams, tips to get started and real-life success stories. CNBC Make It readers can use special discount code CNBC40 to get 40% off through 8/15/24: https://cnb.cx/4dFP9Wa Connect with CNBC News Online Get the latest news: https://www.cnbc.com/ Follow CNBC on LinkedIn: https://cnb.cx/LinkedInCNBC Follow CNBC News on Instagram: https://cnb.cx/InstagramCNBC Follow CNBC News on Facebook: https://cnb.cx/LikeCNBC Follow CNBC on Threads: https://cnb.cx/threads Follow CNBC News on X: https://cnb.cx/FollowCNBC Follow CNBC on WhatsApp: https://cnb.cx/WhatsAppCNBC #CNBC Why Denver Is Struggling To Keep Up With Its Economic Boom