8. Colorado (Tie)

The Centennial State is focused on innovation. Its workforce is dynamic and capital is abundant, but high business taxes and cost of living can make things rocky.

Category
Score
2014 Rank
2013 Rank
Cost of Doing Business 177 35 37
Workforce 215 5 10
Quality of Life 202 12 15
Infrastructure & Transportation 185 29 (Tie) 23
Economy 280 8 7
Education 72 28 (Tie) 15
Technology & Innovation 230 9 8
Business Friendliness 135 16 (Tie) 17
Cost of Living 17 34 32
Access to Capital 25 1 (Tie) 11
Overall 1538 8 (Tie) 7

Economic Profile

Governor: John Hickenlooper, Democrat

Population: 5,268,367

GDP growth: 3.8 percent

Unemployment rate (May 2014): 6 percent

Top corporate tax rate: 4.63 percent

Top individual income tax rate: 4.63 percent

Gasoline tax: 40 cents/gallon

Bond rating/outlook: Aa1/stable

Major private employer: Wal-Mart

Economic profile sources: Federation of Tax Administrators, American Petroleum Institute, Moody's Investor Service, Bureau of Economic Analysis, Bureau of Labor Statistics, Denver Business Journal

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