The City of Lone Tree
boasts a $3.46 billion economy which amounts to a little over 1.3% of the Colorado economy.
Lone Tree boasts a highly skilled, highly educated labor force. Nearly 60% have a Bachelor’s Degree or higher, substantially higher than the national average of 28.1%. Over half (54.2%) of the labor force works in management, business, sciences and/or arts. An additional 29.9% are in sales or administrative support, and 8.9% are in service occupations. The remaining 7% are in construction, production and transportation occupations.
LONE TREE HAS NO CITY PROPERTY TAXES AND HAS ONE OF THE LOWEST MUNICIPAL TAX RATES IN THE STATE.
Lone Tree is poised to become an economic powerhouse in northern Douglas County. Though 9.6 square miles is yet undeveloped, it already boasts over 15% of total employment in Douglas County, and nearly 10% of worker earnings. With the expansion of light rail, it will add significantly to the economic vitality of southeast Metro Denver. Lone Tree provides the kind of environment that attracts and retains thriving businesses and is a magnet for skilled, highly educated workers. Good schools, plenty of open space and parks, and easy access to light rail make Lone Tree a good place to live, work and recreate.*
Report was prepared by Patrick Holwell, Workforce Economist, and Dawn Gardner, Business Development Supervisor, Arapahoe/Douglas Works! at the request of the City of Lone Tree. Date of publication, December 4, 2012.
The Colorado Small Business Development Center (SBDC) is now located in the City of Lone Tree. Click here for more information.