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America's Top States For Business 2013

#7 Colorado

Denver, Colorado
Bridget Calip | Flickr | Getty Images
Denver, Colorado
Category
Score
2013 Rank
2012 Rank
Cost of Doing Business 180 37 40
Workforce 196 10 5
Quality of Life 202 15 8
Infrastructure & Transportation 198 23 23
Economy 268 7 33
Education 86 15 27
Technology & Innovation 232 8 8
Business Friendliness 134 17 8
Cost of Living 19 32 33
Access to Capital 20 11 4
Overall 1535 7 8

ECONOMIC PROFILE

Governor: John Hickenlooper (D)

Population: 5,187,582

GDP growth: 2.1 percent

Unemployment rate (May 2013): 6.9 percent

Top corporate rate: 4.63 percent

Top Individual tax rate: 4.63 percent of federal taxable income

Gasoline tax: 22 cents/gallon

Bond rating/outlook: Aa1/Stable

Major private employers: University of Colorado-Boulder, Lockheed Martin, Denver International Airport, Western Union Co., Exempla St. Joseph Hospital, University of Boulder, Memorial Hospital North, Century Link, Hewlett-Packard, Keystone Lodge

Economic profile sources: American Petroleum Institute (April 2013), Bureau of Economic Analysis (2012), Bureau of Labor Statistics (May 2013 release), CareerOneStop, Moody's Investors Service (senior-most tax-backed ratings), National Governors Association, Tax Foundation (2013), U.S. Census Bureau (2012 estimate)

Top States For Business 2013

From the Governors

Video

  • South Dakota, More Than Just Gorgeous Views

    South Dakota is the winner of the annual "America's Top States for Business" study. CNBC's Scott Cohn reports on the state's economy and its stunning views.

  • Ranking America's Workforces

    CNBC's Scott Cohn reveals how other states fared when it came to their workforce, including a look at education level, retraining programs and union membership.

  • Why South Dakota is Top State for Business

    The cost of doing business was one of the key reasons the Mount Rushmore State captured the top ranking as the best state for business, reports CNBC's Scott Cohn.