Contact inhibition is a cell property that limits the migration and proliferation of cells in crowded environments. However, its role in the emergence of the collective behaviors observed experimentally is not clear. Here we investigate the growth dynamics of a cell colony composed of migrating and proliferating cells on a substrate using a minimal model that incorporates the mechanisms of contact inhibition of locomotion and proliferation. We find two distinct regimes. At early times, when contact inhibition is weak, the colony grows exponentially in time, fully characterized by the proliferation rate. At long times, the colony boundary moves at a constant speed, determined only by the migration speed of a single cell and independent of the proliferation rate. Our model illuminates how simple local mechanical interactions give rise to contact inhibition, and from this, how cell colony growth is self-organized and controlled on a local level. arXiv:1810.00546v2 [q-bio.CB]