Colorado Places Fourth in Forbes List of Best States for Business
Posted by TheHomeCart.com on Tuesday, October 26th, 2010 at 8:51am.According to Forbes’s latest list, Colorado is once again the fourth best state for business. Although the state landed a number six position in 2008, this marks the second year in a row that Colorado was placed in the number four position.
A number of factors are taken into consideration when developing the Forbes annual list of the best states for business. These factors include:
* Business costs (including labor, taxes and energy)
* Labor supply
* Regulatory environment
* Economic climate
* Growth prospects
* Quality of life
When it comes to the category of labor supply, Colorado came in the number one position. In terms o f growth prospects and economic climate, the state was ranked as sixth in both categories, while the state’s quality of life ranking came in at number nine. The state didn’t fair quite so well in the regulatory environment category, however, as it came in at number 15. Furthermore, the state came in at below the median in terms of business cost, a category in which the state ranked at 33rd.
While all of these factors are taken into consideration when determining the final ranking, business climate is the one that is weighed the most heavily.
“Even in this tough economy, Colorado has remained aggressive, disciplined and focused when it comes to supporting businesses and encouraging economic growth,” said Colorado Governor Bill Ritter in a statement. “Today’s ranking by Forbes shows that our strategies and investments in emerging and innovative industries like clean energy, healthcare, aerospace, biosciences and technology are working. We still have many challenges ahead, but we are indeed moving forward.”
The top ten states included on the list, in order, were:
* Utah
* Virginia
* North Carolina
* Colorado
* Washington State
* Oregon
* Texas
* Georgia
* Nebraska
* Kansas
Rounding out the bottom five were Hawaii, Michigan, Mississippi, Rhode Island and, in last Place, Maine.
Our select team here with TheHomeCart.com and Brokers Guild - Cherry Creek Ltd is committed to meeting all of your Colorado real estate needs. We use the latest technology and utmost degree of customer service to enhance your real estate buying and selling experience. Our team services the Colorado Front Range from Colorado Springs, through the Denver Metro up to Fort Collins. We specialize in offering relocation assistance for local, national and international buyers of homes and properties here in colorful Colorado. For more information about buying or selling your Denver area home, please contact us here at TheHomeCart.com.
Print
Share2 Responses to "Colorado Places Fourth in Forbes List of Best States for Business"
Congratulations on the CO accolades! One question (and really I'm not trying to be facetious here): if the state gets high ratings for labor does that mean that there's an ample supply of it available for those who want to start businesses in CO. In other words, is there a good supply of high-qualified workers in CO? And is the unemployment rate high? I ask this only because Madison WI has extremely low unemployment and it seems like a Herculean task trying to locate good help these days. Just one question, but hopefully not too baffling! ;-)
Posted on Sunday, November 7th, 2010 at 7:59 PM.
Leave a Comment
Area Quick Search
Latest Blog Entries
Fort Collins Real Estate Market Trends April 2013
Fort Collins real estate market has picked up over the past 15 months. Interest rates are low, homes are still affordable, and the economy is growing stronger each day. Fort Collins Real Estate Trends April 2013 The total inventory of homes…
Read Full Post...Events of All Types at the Pepsi Center
The Pepsi Center is one of the best choices for all types of entertainment in the Denver area. It's also the home of Colorado Avalanche, the Colorado Mammoth and the Denver Nuggets. Over 200 events are held here every year, including some of the best…
Read Full Post...A One of a Kind Denver Music Event
The Denver Day of Rock is presented by Concerts for Kids on May 24th. The goal is to raise awareness of the children in Denver and the event is free. With five stages of live music found throughout downtown, you can enjoy many different performers on…
Read Full Post...Colorado Springs Real Estate Trends & Statistics April 2013
The nation has been reporting a soar in home prices throughout the United States. Some particularly hard hit areas are feeling a long over-due sense of relief. Values are still good, interest rates are still low, and homes are going…
Read Full Post...Boulder Real Estate Trends & Statistics - April 2013
Home buyers and investors across the world are taking an interest in the US real estate market, and this is the said to be a buyer’s opportunity that will be remembered in history. Interest rates are low, home prices on an upswing,…
Read Full Post...
That's interesting, congratulations to Colorado!
Posted on Sunday, October 31st, 2010 at 10:04 PM.