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Colorado Score and Ranking
| CATEGORY | 2024 SCORE | 2024 RANK | 2023 RANK | 2024 GRADE |
|---|---|---|---|---|
| INFRASTRUCTURE | 247 | 12 | 10 | B+ |
| WORKFORCE | 225 | 11 | 9 | C+ |
| ECONOMY | 216 | 16 | 32 | C+ |
| QUALITY OF LIFE | 181 | 23 | 8 | C+ |
| COST OF DOING BUSINESS | 100 | 39 | 38 | D+ |
| TECHNOLOGY & INNOVATION | 168 | 14 | 10 | B+ |
| BUSINESS FRIENDLINESS | 120 | 32 | 18 | C- |
| EDUCATION | 60 | 28 | 21 | B- |
| ACCESS TO CAPITAL | 48 | 16 | 12 | B- |
| COST OF LIVING | 10 | 46 | 35 | F |
| OVERALL | 1375 | 16 | 11 |
Economic Profile
Governor: Jared Polis, Democrat
Population: 5,877,610
GDP growth (Q1 2024): 2.3%
Unemployment rate (May 2024): 3.8%
Top corporate tax rate: 4.4%
Top individual income tax rate: 4.4%
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
