Colorado's
Competitiveness

Business
Climate

Workforce &
Talent

Cost of Living

Quality of Life

Manufacturing
& Tech

Colorado Scorecard

Business Climate

Regulatory Climate

Most Regulated States Ranking

6th
Number of State Regulations

195,557
Regulatory Burdens as Top Issue for Business

48%


(Unchanged)

Colorado's Economy

Colorado's GDP

$557

Billion

(Increasing)
GDP Per Capita​

$93,495


(Increasing)
Business Outlook on Colorado’s Economy​

32%

Right Track

67%

Wrong Track

(Declining)

Small & Emerging Businesses

Percent Small Business​

99.5%


(Unchanged)
New Business Startups

130,774


(Increasing)

Minority Owned Businesses

Black-Owned Businesses Ranking​

20th


(Unchanged)
Hispanic-Owned Businesses

14.4%


(Increasing)

Women-Owned Businesses

46.1%


(Increasing)

Veteran-Owned Businesses

6.2%


(Declining)

Most Regulated States Ranking

2024: 6th

Source: Colorado Chamber Regulation Impact Analysis Report

Number of State Regulations

2024: 195,557

Source: Colorado Chamber Regulation Impact Analysis Report

Regulatory Burdens as Top Issue for Businesses

2025: 48%
2023: 48%
2022: 26%

Source: Colorado Chamber Business Leader Survey

Colorado’s GDP

2024: $557 Billion
2023: $529 Billion
2022: $484 Billion
2021: $436 Billion

Source: U.S. Bureau of Economic Analysis

GDP Per Capita

2024: $93,495
2023: $90,002
2022: $82,877

Source: U.S. Bureau of Economic Analysis and U.S. Census

Colorado’s Economy is on the Right Track/Wrong Track

2025: 32% Right Track / 67% Wrong Track
2023: 40% Right Track / 60% Wrong Track
2022: 46% Right Track / 53% Wrong Track

Source: Colorado Chamber Business Leader Survey

Percent Small Business 2025: 99.5% 2024: 99.5% 2023: 99.5% 2022: 99.5% Source: U.S. Small Business Administration

New Business Startups

2024: 130,774
2023: 126,406
2022: 116,131
2021: 111,871

Source: U.S. Census

Black-Owned Businesses

2023: 20
2022: 20
2021: 37

Source: Merchant Maverick Data Report

Hispanic-Owned Businesses

2025: 14.4%
2024: 12.2%
2022: 11.6%
2022: 11.1%

Source: U.S. Small Business Administration

Women-Owned Business

2025: 44.6%
2024: 44.8%
2023: 44.7%
2022: 44.5%

Source: U.S. Small Business Administration

Veteran-Owned Businesses

2025: 6.2%
2024: 7.1%
2023: 7.2%
2022: 7.4%

Source: U.S. Small Business Administration