Around the city, an increasing number of property and business owners are hiring private security. But the firms that provide those guards are struggling to meet demand.
In 2023, a few short years and one pandemic later, the organization will spend $800,000 to have at least one private guard watching the business district every hour of the day.
Jeff Rauske, president of Aurora-based Advantage Security, which provides the security for the Cherry Creek BID, told BusinessDen the company isn’t taking on new clients, despite regularly hearing from interested customers. Rauske said Advantage has roughly 700 employees across the entire state of Colorado. The company has 443 licensed guards in Denver, according to the city.
Advantage does not arm any of its employees, and won’t guard places considered high-risk, like jewelry stores or marijuana dispensaries. Rauske said when an incident occurs, his guards are required to call the police. In the past, departments were quick to respond. Now, officers might not even show up.
Back in Cherry Creek, LeMasters said the BID first hired security when the pandemic hit. Without anyone on the street, merchandise in stores was “extremely vulnerable.”
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