Economic growth and prosperity are driven by innovation. Based on a new report titled “Enterprising States: Policies that Produce,” Colorado is one of the top 10 states for entrepreneurship and innovation. Colorado also ranks 8th as a ‘future boom state.’
Researchers looked at 33 state performance criteria in the categories of economic performance, exports, innovation and entrepreneurship, taxes and regulations, talent pipeline and infrastructure. Here’s how Colorado ranked in some of the areas:
#2 high-tech share of all businesses
#3 business birth rate
#4 entrepreneurial activity
#5 STEM (science, technology, engineering, math) job concentration
#7 median family income
#8 bridge quality
#8 educational attainment
#8 high school advanced placement intensity
#9 short-term job growth
#9 small business survival index
#15 broadband provider availability
#15 road quality
#16 business tax climate
#16 higher-ed degree output
#16 long-term job growth
#18 economic output per job
#19 academic research and development intensity
#24 productivity growth
You can find the full report here.