A guide to help you understand the ins and outs of business in Colorado
Colorado is a western state in the Rocky Mountains. The capital and largest city in Colorado is Denver. Colorado is the eighth largest state in land mass, with the 21st largest population at an estimated 5.76 million people. 2019’s gross domestic product for Colorado was $392,986,000,000.
Some of the top industries in Colorado are manufacturing, aerospace, bioscience, creative industries, defense and homeland security, electronics, energy and natural resources, financial services, food and agriculture, health and wellness, infrastructure, tech and IT, tourism, and, transportation and logistics. Colorado has over 270 certified organic ranches and farms with more organic certified acres than any other state. Colorado also has the 4th densest concentration of cleantech jobs in the US; it ranks in the top 10 for both installed solar capacity and solar energy jobs. Furthermore, Colorado’s tech industry contributed 14% to the state’s GDP in 2017, with the 4th highest concentration of tech jobs in the country.
In 2019, Colorado imported $12,774 from Qatar. Colorado exported $11,974,131 to Qatar with its top exports being: nuclear reactors, boilers, machinery, optic, photo, medical/surgical instruments, and furniture, bedding, lamps, etc.
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In Colorado, the corporate income tax rate is 4.63%. Colorado has four free trade zones, located in Colorado Springs, Denver, Golden, and Limon. There are also 30 incentives that the state offers, like the Enterprise Zone Tax Credit and the Space to Create Program, to attract and support business in Colorado.