Denver is growing fast, nothing new about it. The unemployment rate is around 3%, a lot of new job offers are popping. Which makes the city very attractive, especially if you consider the fact that a lot of these job offers are great jobs.
The “Big Four” — Deloitte, KPMG, Ernst & Young (EY) and PricewaterhouseCoopers (PwC) — have seen double-digit percentage growth in the Denver metro over the past five years, according to an analysis of Denver Business Journal data.
Between 2013 and Nov. 1, 2017, the number of employees in Denver metro has increased by 89 percent at KPMG, 80 percent at EY, 57 percent at Deloitte and 49 percent at PwC.
Two of these firms, EY and KPMG, are also growing their Denver office spaces. EY will be opening a second office in the Denver Tech Center by the end of the year.
Mark Belfance, the managing partner of EY’s Denver office, said the growth in space had a lot to do with internal demand for Denver.
Why they are growing?
The quality of life in Denver and the city's emerging reputation as a tech hub are some of the reasons behind their expansions. KPMG and Deloitte said internal factors led to their growth in Denver. Bearup, of KPMG, said increased client needs and acquisitions helped grow his firm’s local presence. Chris Schmidt, Deloitte’s Denver managing partner, said Deloitte’s Denver growth is part of double-digit growth for the firm nationwide.
Leaders from all four of the Big Four said Denver’s growing reputation as a tech hub has also led to them growing their firms. Schmidt, of Deloitte, noted that the principal who leads digital transformation for all of Deloitte, is based in Denver. In addition, Deloitte has a dedicated digital studio in Denver, separate from the firm’s main office, with more than 100 employees. Ellen Valde, PwC Denver’s managing partner, said Denver’s office leads PwC in terms of innovation.
By Caroline Germano - Dec 18, 2018