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Colorado
Resources Page
Following the Talent: How the Search for Highly Skilled Workers Affects a Location DecisionCompanies that seek highly educated, talented labor need to consider locating in places that attract this caliber of worker. More |
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Colorado Targets Aerospace, Bioscience, Clean Energy for Expansion“Our good new stems from the new direction in the Colorado Office of Economic Development and International Trade (COEDIT) and the new administration of Governor Bill Ritter,” says Matt Cheroutes, director of communications and external affairs for COEDIT. “Governor Ritter’s Colorado Promise identified an industry-wide approach to economic development, choosing key industries for growth to set the course.” More |
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A conversation with…Don Elliman, Executive Director, Colorado Office of Economic Development and International Trade (COEDIT)“We welcome the formation and development of new products, and new manufacturing technologies. In the renewable-energy arena, Colorado is filled with natural resources, from abundant and consistent wind and solar energy to plenty of agricultural opportunities and very high mandates for our utilities.” More |
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A Discussion With Colorado Governor Bill RitterBill Ritter isn’t afraid of hard work. He’s been rolling up his sleeves and getting his hands dirty since he got a full-time job in construction when he was only 14 years old. That blue-collar job funded his college education and a law degree that led him to a new career as Denver’s District Attorney and, finally, Governor. More |
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Colorado
At A Glance
POPULATION:
4,861,515 (2007)
Corporate Income Tax: 4.3 percent (single factor sales)
LABOR FORCE: 2,744,800 (2008)
RIGHT TO WORK: ModifiedTRADITIONAL INDUSTRIES: Agriculture/food processing, natural resources, mining, oil and gas, tourism
EXPANDING INDUSTRIES: Renewable energy, defense and aerospace, business services (including networking, and Internet services), biosciences, and healthcare servicesCOLLEGE GRADUATES: (Age 25 and over) 36.5%
BASIC BUSINESS TAXES:Corporate Income Tax: 4.3 percent (single factor sales)
State Sales and Use Tax: 2.9 percent, up to 5 percent local, average 6.2 percent statewide
Property Tax: Assessed locally at 29 percent of market value for commercial property and 7.96 percent for residential (2007)BUSINESS INCENTIVES:
Quality Investment Capital Program (fixed-rate financing for small business)
Job Creation Performance Incentive Fund
Rural Development Loan Program
Community Development Block Grant Revolving Loan Fund
Program
Community Development Block Grant Funds Infrastructure
Program
Colorado Economic Development
Commission
Enterprise zone credits
Colorado First & Existing Industry
Customized Job Training
Programs
SPONSOR PROFILES:
