Where to get rich? How about Colorado Springs?

Posted on July 23, 2013

A new ranking puts Colorado Springs among the top small cities in the country in which to get rich, the Colorado Springs Business Journal reports.

The latest bragging rights for Colorado Springs comes courtesy of the website CreditDonkey.com, which ranked the Colorado town No. 9 on its list — a tie with Bridgeport, Conn. The rankings are based on the number of patents granted, local economic growth and the percentage of high-income households.

CreditDonkey had this to say about Colorado Springs: “This area’s economy centers on military institutions and the aerospace and electronics industries that have grown up around them. Military spending kept those industries relatively strong when some other high-tech sectors suffered from the effects of the Great Recession. The local economy grew an impressive 11.5 percent between 2008 and 2011. The percentage of households at high income levels is well above average at 8.9 percent, and the area won nearly 200 patents.”