Top States for Business 2021

8. Colorado

The Centennial State features a tech-savvy workforce worth celebrating, but high costs can be a downer.

Colorado Score and Ranking

Category 2021 Score 2021 Rank 2019 Rank 2021 Grade
Cost of Doing Business1543837D+
Life, Health & Inclusion23214--B-
Business Friendliness962911C
Access to Capital1221611B
Technology & Innovation12767A-
Cost of Living263434D+

Economic Profile

Governor: Jared Polis, Democrat

Population: 5,807,719

GDP growth (Q1 2021): 7.9%

Unemployment rate (May 2021): 6.2%

Top corporate tax rate: 4.55%

Top individual income tax rate: 4.55%

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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