The Denver-Boulder metro region in Colorado is among the winners in the migration shuffle. Led by Denver and Boulder, Colorado has built a thriving tech industry ecosystem attracting both startups and tech giants — Google, Amazon and Salesforce all now have a major presence in the area. CNBCOver the last five years, about $17 billion in VC funding has poured into the area, according to research firm CB Insights. While the Denver startup community has seen dramatic expansion, it hasn't made as much progress on diversifying its business community. However, even the top 10 cities for Black-owned business growth in the study fall far short of corresponding metro population metrics.

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Persons: Niji Sabharwal, Sabharwal, Jared Polis, Dan Caruso, CNBC's Carl Quintanilla, Caruso, hasn't, Zaneta Kelsey, Donavan Bennett, Bennett Organizations: Rockies, CNBC, Denver, Google, Colorado Office, Economic Development, International Trade, Boulder, Zayo, Brookings Institute Locations: CNBC's, U.S, California, Denver, Boulder, Colorado, San Francisco, High City, It's, Boulder , Colorado, Black