Updated
Updated · NewsRadio 740 KTRH · Jul 23
45% of Colorado Business Leaders Plan Out-of-State Investment as State Ranks 48th in New Firms
Updated
Updated · NewsRadio 740 KTRH · Jul 23

45% of Colorado Business Leaders Plan Out-of-State Investment as State Ranks 48th in New Firms

2 articles · Updated · NewsRadio 740 KTRH · Jul 23

Summary

  • A Colorado Chamber of Commerce survey found 45% of business leaders operating in the state plan to invest their next dollar elsewhere, underscoring deepening concern over the local economy.
  • Colorado ranks 48th out of 50 in new business formation and last in net openings of physical business establishments per 1,000 residents, the report said, reinforcing the survey's warning signs.
  • The discussion also pointed to weak GDP growth, slowing net domestic migration and rising utility rates that are squeezing small businesses and shrinking the state's labor pool.
  • Business advocates said the figures should pressure state leaders to pursue a more business-friendly, bipartisan response as concerns grow over Colorado's longer-term economic trajectory.

Insights

Once a top destination, why do 45% of Colorado's business leaders now want to invest their next dollar elsewhere?
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