Wins, losses create debate on Colorado economic development

July 08, 2012

The Denver Post

Colorado’s recent tally of sensational wins and losses in economic development is drawing renewed attention to the state’s strategy for attracting and retaining businesses. Sandwiched between news of failed or stalled enterprises came word last week that metro Denver will be the site of a new U.S. Patent and Trademark Office in a deal expected to generate hundreds of jobs and at least $440 million in economic activity. Colorado during the past decade “got a little crazy” with its push to attract renewable-energy industries, said Bob McGowan, a professor of management at the University of Denver’s Daniels College of Business. “But at some point, alternative energy is going to come back strong because of global demand,” McGowan said. “It’s important for us to have an oar in that water.”