Denver’s business landscape is constantly evolving, with new companies emerging and established ones making groundbreaking moves. As a result, keeping up with the latest business news can be quite the task. Here are the top five business news stories you need to know in Denver this week.
1. Ball Corporation’s new aluminum can manufacturing plant
Ball Corporation, the world’s largest provider of aluminum packaging, recently announced plans to build a new manufacturing plant in Colorado to meet the rising demand for sustainable beverage packaging. The new facility will produce aluminum cups, bottles, and containers using renewable energy sources, creating more than 150 new jobs in the process. With sustainability at the forefront of consumer choices, Ball’s investment in Denver could prove especially lucrative.
2. Denver government beefs up cybersecurity measures
Following a string of cyber attacks on U.S. organizations, the Denver government is exerting efforts to protect its technology infrastructure. The city has increased its cybersecurity budget and hired additional experts to shield against threats to sensitive data. The efforts aim to safeguard all aspects of municipal operations, from emergency services to public works.
3. Colorado’s cannabis industry continues to thrive
Denver is home to a thriving marijuana industry, with cannabis sales in Colorado totaling more than $2 billion in 2020 alone. This week, Aurora-based cannabis company Terrapin announced its acquisition of another Denver-based cannabis company, Medicine Man. The move is expected to strengthen Terrapin’s market position and further boost revenue growth.
4. Denver Post to return to its roots
The Denver Post, one of the city’s oldest newspapers, plans to move back to its original downtown location early next year. The paper had relocated to an industrial area in 2018, but the new space will allow more proximity to the city’s business and cultural hubs. The new location will also feature amenities like food and drink vendors, meeting and event space, and a “newshub” where journalists and readers can interact.
5. Denver’s affordable housing shortage
Denver’s rapidly growing population has led to a shortage of affordable housing options. The problem has been exacerbated by the COVID-19 pandemic, which has disproportionately impacted low-income households. This week, the city council voted to allocate an additional $4.5 million to affordable housing initiatives, recognizing the urgent need for action. The funds will support the creation of new affordable units and the preservation of existing ones, a crucial step in ensuring all residents have access to safe and affordable housing.
In conclusion, Denver’s business scene highlights the city’s dynamism and growth potential in various sectors. From technology and sustainability to cannabis and media, it’s clear that Denver is a hub for innovation and opportunity. Keeping yourself informed on the latest developments can help you stay competitive and make informed business decisions.
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