Top States for Business

11. Colorado

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Colorado Score and Ranking

CATEGORY 2025 SCORE 2025 RANK 2024 RANK 2025 GRADE
ECONOMY2392116C
INFRASTRUCTURE2401112B+
WORKFORCE222711B
COST OF DOING BUSINESS1083839D+
BUSINESS FRIENDLINESS1482232B-
QUALITY OF LIFE1611223B-
TECHNOLOGY & INNOVATION166914B+
EDUCATION513128C+
ACCESS TO CAPITAL411216B-
COST OF LIVING124746F
OVERALL13881116

Economic Profile

Governor: Jared Polis, Democrat

Population: 5,957,493

GDP growth (Q1 2025): -0.4%

Unemployment rate (May 2025): 4.8%

Top corporate tax rate: 4.4%

Top individual income tax rate: 4.4%

Gasoline tax: 46.58 cents/gallon

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

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

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