5. Colorado

With low unemployment, the Centennial State needs more millennials—or workers of any age—to support its great economy.

Interior of a commercial medical and recreational marijuana grow facility in Denver, Colorado.
Jon Paciaroni | Getty Images
Interior of a commercial medical and recreational marijuana grow facility in Denver, Colorado.
Category
Score
2018 Rank
2017 Rank
Grade
Workforce 295 5 4 A+
Infrastructure 197 29 28 C+
Cost of Doing Business 142 37 38 C-
Economy 228 8 13 A-
Quality of Life 213 9 14 (Tie) B
Technology & Innovation 164 7 7 A
Education 132 11 12 B+
Business Friendliness 95 17 8 (Tie) B-
Access to Capital 81 11 12 A-
Cost of Living 17 34 32 D+
Overall 1564 5 6 -

Economic Profile

Governor: John Hickenlooper, Democrat

Population: 5,607,154

GDP growth (Q4 2017): 3.2 percent

Unemployment rate (May 2018): 2.8 percent

Top corporate tax rate: 4.63 percent

Top individual income tax rate: 4.63 percent

Gasoline tax: 22 cents/gallon

Bond rating: (Moody's/S&P): Aa1, stable/AA, stable

Major private employers: Wal-Mart, Centura Health, Dish Network Corp.

Economic profile sources: U.S. Census Bureau, U.S. Bureau of Economic Analysis, U.S. Bureau of Labor Statistics, Federation of Tax Administrators, American Petroleum Institute (excluding 18.40 cent/gallon federal tax), Moody's Investor Service, S&P Global Market Intelligence

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