Small businesses are thriving in Denver like nowhere else in the country, and it is changing the city and the entire state of Colorado. The surge of small and independent businesses in recent years in Denver has had an impact in a number of ways, and these are just some of them.
Economy
The economy, one of the most important factors in the health of a city, in Denver has been greatly aided by small businesses. And as the capital of Colorado, this city is boosting the economy of the entire state. Independent businesses start small but grow. Rather than being at a steady rate throughout its lifetime, the profits of a small business will continually grow over time if managed correctly. Being less focused on fads and more on the area and locals, small businesses are known to last longer and survive further if they make it past the initial 3 years. Independent businesses are local and homegrown, which means they take money from Denver citizens, and funnel it back into the economy of the city and state. In contrast, large conglomerates will send their money home to a different state or even a different country.
Tourism
Denver’s tourism has only grown in the 12 years prior to 2017. This has been due to the growing number of small, independent businesses that attract tourists. People will visit a city to see things they can’t at home, not franchises. Tourists will not only buy from a local business, but they can even become their own attraction. One booming tourist industry is that of local beer, and visitors will come from all over to see an independent brewery. Tourism boosts the economy even further by encouraging independent business further in the city.
Forever Growing
Small businesses will have the impact of creating even more new small businesses. Seeing the success of others will encourage new entrepreneurs to try their hands. The money it brings also entices local incentives and programs to help new independent businesses grow. An economy thriving on small, local businesses will always encourage new ones, and the ecosystem will grow and sustain itself.
Denver is a thriving and continually growing city, and this is thanks to small businesses. And if help to start continues and so does the innate bravery of Denver locals, then this will be the norm going forward.
Do you run a small business? We know there are a lot of ways to sell online and that can be overwhelming.
We’ve simplified the process and have made it easy for you to sell online with our website and shop support, knowledgebase resources, and customer service. A shop on our website could serve as your business website (if you don’t have one). Otherwise you can link to your shop from your website for purchasing your products/services, giving you online e-commerce functionality without paying a web developer to set up your shopping cart and related processes. Join Shop Where I Live today!
