CNBC recently ranked Colorado eighth in the nation for business after scoring all 50 states on 51 measures of competitiveness.
The measures were developed with input from business groups including the National Association of Manufacturers and the Council on Competitiveness. States received points based on their rankings in each metric. CNBC then separated those metrics into 10 broad categories, weighting the categories based on how frequently they are cited in state economic development marketing materials. In doing so, states are ranked based on the criteria they use to sell themselves.
Some of the 10 categories ranked in the study were the cost of doing business, work force, the quality of life, economy, education, technology and innovation, transportation and infrastructure, and access to capital.
Colorado ranked highest among the top 10 states in the cost of doing business, earning a score of 40, as well as in the economy and cost of living categories, scoring a 33 in both. It also did well in education, scoring a 27, and infrastructure/transportation, in which it earned a score of 23. Its lowest scores were a 4 in access to capital, a 5 in work force, and 8’s in quality of life and technology/innovation.
See how Colorado’s scores measured up to the rest of the top 10 states for business:
RE/MAX of Boulder, Inc