An economic development magazine has named Colorado one of the top 10 in its "Best States for Business" ranking.
Colorado leaped five spots in the annual standings of Chief Executive magazine’s list, taking eighth place this year. The magazine’s competitive selection placed the Centennial State 27th for taxation and regulation, 10th for workforce quality and No. 1 for living environment.
The ranking highlighted the state’s growing cybersecurity industry as well as its status as "a lab experiment for legalized recreational marijuana."
Among the state’s big job wins this year, the magazine highlighted:
BP’s establishment of its new Lower 48 headquarters in Denver.Amazon’s announcement it would open a one-million-square-foot fulfillment center and create 1,000 jobs in Aurora.Smuckers’ announcement that it would construct a $340 million manufacturing facility in Longmont and create 250 jobs to produce its Uncrustables snacks.Vertafore’s announcement of relocation of its headquarters from Bothell/Seattle to Denver and hiring up to 500 new employees.Western Union’s announcement that it would relocate its headquarters to the Denver Tech Center.
Texas topped the list, followed by Florida; North Carolina and South Carolina tied for third.
In last place? That would be California, where taxation and regulation landed low marks.