Colorado Resources Page

What the Latest Tech Hubs Funding Means for Site Selection Executives

Area Development Research Desk

Manufacturing executives must consider the diverse locations, supply chain resilience, workforce development, and governance structures of the Tech Hubs. Aligning new facility plans with these hubs can enhance competitiveness, reduce operational risks, and contribute to long-term growth.

2023's Leading Metro Locations: Hotspots of Economic Growth

Area Development Research Desk
Steve Kaelble, Staff Editor, Area Development

The leading metro areas are those poised for long-term growth and are often hubs of high-tech industry, where workers may benefit from an affordable cost of living.

Innovation Corridors Have Economic Assets Driving Business Growth

Steve Kaelble, Staff Editor, Area Development

By actively putting together the resources needed for innovative companies to survive and thrive, innovation districts and corridors have found a recipe for success.

Another Look at Rural Economies

Drew Repp, Content Manager, Emsi

Some communities are doing well, some are turning things around, some still have an uphill battle ahead of them. And this points to perhaps the biggest problem with our approach to rural economies: we lump all rural places into the singular “rural America” bucket.

Mid-size Markets Competing for Business and Winning

David Hickey, Managing Director, Hickey & Associates

Workforce availability with the necessary skills and local partnerships are two trends driving investment to mid-size markets.

Investment Follows Talent to Mid-Size Markets

Drew Repp, Content Manager, Emsi

The affordability of mid-sized communities has made them attractive to tech-savvy workers who, in turn, are drawing business investment to those locales.

Explaining the Emergence of Smaller and Western Metros

Joshua Wright, VP, Economic and Workforce Development, Emsi

With fast-growing populations and diverse economies, states in the West and Mountain region are showing significant economic growth, while smaller metros are benefitting from their larger urban neighbors’ spillover effect.

STEM Grads: At the Core of the Tech Location Decision

Steffen Kammerer, Senior Vice President, Technology Practice Group, JLL

The search for tech talent is leading companies to look at some traditional as well as surprising locations and also putting workspace buildout in a new perspective.

Tech Firms Find New Opportunity in Emerging Hotspots

Steffen Kammerer, Senior Vice President, Technology Practice Group, JLL

“Hidden gems” like Sacramento and Albany are winning more industry interest thanks to affordable, talent-rich ecosystems.

Leading Locations for 2017: West Coast "Tech" Cities Top List, Smaller MSA's Show Workforce Chops

Area Development Research Desk
Mark Crawford, Staff Editor, Area Development

It’s not surprising to see larger MSAs at the top of the list due to their economic diversity and advantages of scale. But, mid-size and small cities built upon clusters that are in high demand, and where a prime workforce exists, can also be economic powerhouses.

2017 Gold & Silver Shovel Awards Recognize States Compiling Healthy Rosters of New and Expanded Facilities

Geraldine Gambale, Editor, Area Development Magazine
Steve Kaelble, Staff Editor, Area Development

The work of economic development is a complicated mix of salesmanship, customer service, technical and legal expertise, communications, relationship-building, and a healthy dose of good fortune.

Regional Report: High-Tech and Clean-Tech Companies Driving Growth in the Mountain States

Mark Crawford, Staff Editor, Area Development

Although their economies have been traditionally resource-based, the Mountain States also have flourishing high-tech and alternative-energy sectors.

Regional Talent Attraction Study Results: It’s Not All About Core Cities

Joshua Wright, VP, Economic and Workforce Development, Emsi

As many regions have become equally or more concerned with supporting existing companies than with recruiting new businesses, attracting and retaining talent has become a focal point. Which counties are standing out with high net migration and skilled job growth?

Cloud Adoption Multiplying Data Center Demand

Geraldine Gambale, Editor, Area Development Magazine

The rising reliance on digital content and data sovereignty laws are driving demand for data center space.

Leading Locations for 2016: San Francisco-Redwood City-South San Francisco Ranks First Among MSAs

Steve Kaelble, Staff Editor, Area Development
Area Development Research Desk

For the sixth year, Area Development has tackled the question with a multifaceted approach that crunches a wide variety of data to arrive at rankings in four vital factors — Prime Workforce, Economic Strength, Year-Over-Year Growth, and Five-Year Growth.

Project Announcements

Ardent Mills Expands Commerce City, Colorado, Production Operations

08/29/2024

Philip Morris International Plans Aurora, Colorado, Manufacturing Operations

07/19/2024

Omni Federal Establishes Colorado Springs, Colorado, Operations

04/29/2024

Invictus International Consulting Plans Colorado Springs, Colorado, Operations

03/01/2024

Goose Gear Plans Grand Junction, Colorado, Headquarters

02/12/2024

All News Items 

Tips: Send Us Business Expansion or Relocation News

COLORADO at a glance

POPULATION: 5,192,076 (US Census, ACS estimate 2013)

LABOR FORCE: 2,804,659 (US Census, ACS estimate 2013)

RIGHT TO WORK: Modified

TRADITIONAL INDUSTRIES:Healthcare and social services, accommodation and food services, educational services, professional and technical services

EXPANDING INDUSTRIES: Mining, quarrying, oil and gas extraction; educational services; finance and insurance; healthcare and social services

COLLEGE GRADUATES: (Age 25 and over) 36.7% (2008–2012)

BASIC BUSINESS TAXES:
Corporate Income Tax: Corporate Income Tax: Corporate Income Tax: 4.63 percent flat rate (single factor sales)

State Sales and Use Tax: 2.9 percent + local sales tax

Property Tax: Assessed at 29 percent of market value for commercial and industrial property and 7.96 percent for residential (2012)

BUSINESS INCENTIVES:

Job Growth Incentive Tax Credit

Strategic Cash Fund

Enterprise Zone Tax Credits

Local Government Incentive

Job Training Grant Programs

Public Infrastructure Grants

Biotechnology Sales and Use Tax Refund

Manufacturing Sales and Use Tax Exemption

Aviation Development Zone Tax Credit

BUSINESS FINANCING:

Advanced Industries Accelerator Programs

Colorado Capital Access - SSBCI

Cash Collateral Support - SSBCI

Colorado Credit Reserve

Regional Tourism Act

Venture Capital Authority

Community Block Grants

Certified Capital Companies

Bioscience Discovery Evaluation Grants

Principal Manufacturing industries

Food Manufacturing

16.61%
Computer and Electronics

13.2%
Petroleum and Coal Products

10.08%
Beverage & Tobacco Products

9.92%
Machinery Manufacturing

7.42%
Chemical Manufacturing

7.38%
Transportation Equipment

6.53%
Fabricated Metal Product

5.59%

Source: Sales Data 2012 - EMSI