The tax-the-rich movement that has stirred ire among Silicon Valley billionaires and Seattle’s ultrawealthy has found its way to the Rocky Mountains.
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“This is just one more thing that’s going to drive these businesses either to leave or just not come here,” said Loren Furman, the chief executive officer of Colorado Chamber of Commerce. She said businesses are frustrated by an increasing number of rules and regulations in the state over the last 10 to 15 years.
There have been almost 100 corporate relocations or lost opportunites to other states from 2019 to 2025, the chamber found. Palantir Technologies Inc. moved its headquarters from Denver to Miami earlier this year. Asset manager TIAA closed its regional office in Denver and relocated positions to a new hub outside of Dallas.
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