Top States for Business 2023

11. Colorado

Ron and Patty Thomas | Getty Images

Colorado Score and Ranking

CATEGORY2023 SCORE2023 RANK2022 RANK2023 GRADE
WORKFORCE24591B
INFRASTRUCTURE2311016B
ECONOMY1663211D+
LIFE, HEALTH & INCLUSION240812B
COST OF DOING BUSINESS1093836D+
TECHNOLOGY & INNOVATION197109B+
BUSINESS FRIENDLINESS1101816B-
EDUCATION722111B
ACCESS TO CAPITAL341222B
COST OF LIVING163534D+
OVERALL1420114

Economic Profile

Governor: Jared Polis, Democrat

Population: 5,839,926

GDP growth (Q1 2023): 1.90%

Unemployment rate (May 2023): 2.80%

Top corporate tax rate: 4.40%

Top individual income tax rate: 4.40%

Gasoline tax: 40.40 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, American Petroleum Institute (including 18.40 cent/gallon federal tax), Moody's Investor Service, S&P Global Market Intelligence

Choose CNBC as your preferred source on Google and never miss a moment from the most trusted name in business news.