When Colorado Sun Tofu (no relation) moved its manufacturing plant to Trinidad about three years ago, its new owners were excited to expand in a charming rural community and diversify beyond their two restaurants in Denver.
There were some snags, like finding a local contractor. But other issues, like the state handling plumbing and electricity permitting, weren’t apparent until more recently.
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Last spring, the Colorado Chamber of Commerce shared a dismal report: Nearly 100 companies had left Colorado or chose another state since 2019. The state has become more expensive compared to its peer states (including Utah, Idaho and Arizona), and is the sixth-most regulated, if you count all the laws (Texas and California have more).
Read more here.