![]() ![]() Top industries for small business in Colorado You just walk down the main street downtown and you bump into founders of other companies, or you hear people talking about raising money.”ĭid you know?: Colorado is one of the states where it’s legal to partake in the growing cannabis industry. “ Tech startups, natural food startups, biotech, aerospace – it runs the gamut in terms of people starting different businesses. “Here in Boulder, it’s a very entrepreneurial community, for sure,” said Tim Segraves, co-founder of real estate analytics company Revaluate. Of that group, many are young entrepreneurs, and small business owners in Colorado report no shortage of startups in the area. Census Bureau estimates, Colorado’s population grew by almost 783,000 from 2010 to 2021, reaching a total of about 5.8 million people. With the appeal of an outdoor lifestyle and booming economic activity, largely within the tech and cannabis industries, Colorado has become a popular place to relocate.Īccording to U.S. Colorado’s business worldĬolorado ranked 14th on Motley Fool and The Ascent’s 2021 list of the best states in which to start a business, as it’s extremely business-friendly and a thriving hub for growing companies and startups. In communities eager to welcome small businesses and support local entrepreneurs, with disposable incomes riding high, many locals believe obtaining access to capital will only get easier with time. The major metropolitan areas have experienced unprecedented growth for several years now, creating more economic opportunities for entrepreneurs of all stripes.Įntrepreneurs in Colorado are excited about the fast-paced economic environment, and they’re largely optimistic about the future of the Centennial State. Robust economic activity raises the cost of living, and the price of real estate throughout Colorado has exploded. ![]() Colorado’s small businesses employ about 1.2 million people, and companies with fewer than 100 employees employ about 600,000 people in the state. ![]() Overall, about 466,600 jobs opened across the U.S. Colorado’s overall economyĪccording to the Small Business Administration’s (SBA) Office of Advocacy, Colorado gained more than 25,000 new jobs in 2021. We even asked a few of Colorado’s 653,000 small business owners about the challenges and opportunities of operating in their state. In this installment, we cover the economic and small business environment in Colorado. To help set up our readers for success, Business News Daily is reporting on the small business environment in every state in the United States. #Setting up a llc in colorado how to
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