Colorado is the 11th Best State for Business 2012

No. 11 Colorado Taxation and Regulations Workforce Quality Living Environment Based on CEO Survey by ChiefExecutive.net Key Metrics State GDP  [...]

May 2 2012 by ChiefExecutive.net


No 11: Colorado

No. 11

Colorado

Taxation and Regulations
Workforce Quality
Living Environment

Based on CEO Survey by ChiefExecutive.net

Key Metrics
State GDP 

  • % Growth ’07-’10: 2.84
  • % Growth ’07-’10 v. Nat’l Avg. (-0.33%): 3.17

Unemployment

  • Unemployment Rate Dec. 2011 %: 7.90
  • Comparison with Nat’l Rate (8.50%): -0.60

Domestic Migration

  • Domestic Net Migration ’00-’09: 202,735
  • Rank: 10

State Government

  • Debt per Capita Fiscal Year ’10 ($): 3,335
  • State & Local Gov’t Employees per 10k Residents: 541.89

State-Local Tax Burden

  • Rate (%): 8.59
  • Compared to Nat’l Avg. (9.8%): -1.21
Key Companies
  • Newmont Mining
  • Liberty Global
Development Trend Indicator: Neutral
Business has backed health-insurance exchange; entrepreneurs still like the mountains.
CEO Comments
“Colorado is great for living and governance. Only problem is not on a coast.”

“Colorado’s local sales tax structure is ludicrous.”

Sources:
Bureau of Economic Analysis
Bureau of Labor Statistics
NewGeography.com
The Tax Foundation