Colorado's
Competitiveness

Business
Climate

Workforce &
Talent

Cost of Living

Quality of Life

Manufacturing
& Tech

Colorado Scorecard

Business Climate

Business Sentiment

Colorado’s Economy​

40%

Right Track

60%

Wrong Track

(Declining)
Regulatory Burdens as Top Issue for Business

49%


(Increasing)

GDP

$484

Billion

(Increasing)
GDP Per Capita​

$74,167


(Increasing)

Small & Emerging Businesses

Percent Small Business​

99.5%


(Unchanged)
New Business Startups

116,131


(Increasing)

Minority Owned Businesses

Black-Owned Businesses Ranking​

20th


(Improving)
Hispanic-Owned Businesses

11.6%


(Increasing)

Women-Owned Businesses

44.7%


(Increasing)

Veteran-Owned Businesses

7.2%


(Declining)

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

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

Source: Colorado Chamber Business Leader Survey

Regulatory Burdens as Top Issue for Businesses

2023: 49%
2022: 26%

Source: Colorado Chamber Business Leader Survey

GDP

2022: $484 Billion
2021: $436 Billion

Source: U.S. Bureau of Economic Analysis

GDP Per Capita

2022: $74,167
2021: $70,715

Source: U.S. Bureau of Economic Analysis

Percent Small Business

2022: 99.5%
2021: 99.5%

Source: U.S. Small Business Administration

New Business Startups

2022: 116,131
2021: 111,871

Source: U.S. Census

Black-Owned Businesses

2022: 20
2021: 37

Source: Merchant Maverick Data Report

Hispanic-Owned Businesses

2022: 11.6%
2021: 11.1%

Source: U.S. Small Business Administration

Women-Owned Business

2022: 44.7%
2021: 44.5%

Source: U.S. Small Business Administration

Veteran-Owned Businesses

2022: 7.2%
2021: 7.4%

Source: U.S. Small Business Administration