Colorado Ranks No. 3 in CNBC’s Annual Ratings of Best States to Do Business

CNBC rated Colorado No. 3 among top states in which to do business, citing our skilled workforce and economy. But looking at this illustration, could they have had something else in mind?

George Kavallines/CNBC

CNBC rated Colorado No. 3 among top states in which to do business, citing our skilled workforce and economy. But looking at this illustration, could they have had something else in mind?

CNBC has rated Colorado No. 3 among top states for doing business, trailing only No. 1 Utah and Texas in its annual rankings of all 50 states.

The survey examines 60 measures of competitiveness, developed with input “from a broad and diverse array of business and policy experts, official government sources, the CNBC Global CFO Council and the states themselves,” across 10 broad categories: Workforce, cost of doing business, infrastructure, economy, quality of life, technology & innovation, education, business friendliness, cost of living and access to capital.

Colorado scored best among the states for workforce, ahem, as in first, and economy, where we were rated second. We were dinged for cost of doing business (37) and cost of living (32),  with infrastructure (29) and education (25) nothing to write home about.

Colorado ranked third in CNBC's annual ratings of best states to do business. Neighbor Utah finished first, and Rhode Island last.

CNBC

Colorado ranked third in CNBC’s annual ratings of best states to do business. Neighbor Utah finished first, and Rhode Island last.

According to the survey, Colorado also ranked in the top 10 for technology & innovation, business friendliness and access to capital.

Texas soared on its economy (1) and infrastructure (2), while Utah’s economy ranked 3rd, for it’s only specific category top 10 finish, while doing well enough across the board to finish in top place. Minnesota and North Carolina rounded out the top five.

The bottom five: Maine, Mississippi, West Virginia, Hawaii and Rhode Island. Along about now, you may be wondering what happened to No. 49 Hawaii, which represents paradise for many. CNBC tells it straight: “Quality of life in the Aloha State can’t be beat. But neither can costs, which are the highest in the nation.”

In addition to Colorado’s prime spot on the list, CNBC also published a commentary from Gov. John Hickenlooper, giving him the opportunity to brag about how we did it.

“Years ago I had a crazy idea to start a beer joint in Denver,” the governor begins. “It certainly seemed like a far-fetched venture. Even my own mother wouldn’t invest. But much like Coloradans and the West, tell us we can’t do something and we will prove you wrong.”

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