Colorado’s economy has been among the strongest in the country and consistently ranks high in comparison to other states.
However, increased regulations, taxes and fees at the state and local level have raised the cost of doing business and creating jobs in Colorado. While Colorado may show signs of a good recovery, anti-business policies keep piling up. According to the Common Sense Institute’s Free Enterprise Report, the “future performance of Colorado’s free enterprise system is highly uncertain. Public policy decisions over the coming months and years will determine whether that system will flourish and keep Colorado competitive.”
Sustainable economic growth can be maximized when we achieve a business-friendly regulatory balance and support consistent fiscal policies that incentivize innovation, job attraction, and retention. Colorado competes for jobs with other states and globally, and we need to be mindful of how we are positioned in the wider marketplace for future residents and employers as it relates to the total cost of doing business in the state.