The business climate in Colorado is strong and welcoming to entrepreneurs. Looking at the Kauffman Foundation rankings, Colorado shows up as second on The Index of Mainstreet Entrepreneurship; fifth in Startup Activity and seventh on the Index of Growth. With those numbers, it is easy to say that entrepreneurship in Colorado is alive and well.
As Colorado consistently outperforms the nation's economy, large firms, and young companies are optimistic about the future. In a survey conducted by the University of Colorado Boulder, Leeds School of Business, expectations for sales, profits, hiring and capital expenditures all remained above neutral.
The state boasts an entrepreneurial culture and business climate that favors new business. The number of successful businesses leads to an extensive network of support for those who are ready to launch. The entire study is available online for those who want an interesting read.
Boulder is taking the top honors for startups with recent articles in Forbes citing the city as the number one spot for female entrepreneurs with the most women-owned businesses. It seems that Colorado is regularly recognized for a tolerance for risk as well as consumer support where many Coloradoans consider it their civic duty to buy local whenever possible.
And take a look at Boulder-based Stryd; a local company that makes wearable power meters that clip on the shoe and measure metrics such as running technique, stride and muscle intensity. On August 29th, Stryd won the top award at the Global Innovation in Sports Competition hosted in Rio de Janeiro and judged by the likes of Nike and Under Armour.
Throughout the state, changes that are impacting business startup are evident. Building starts are indicators for the growth that is underway. You can start a business efficiently and with less capital in a state that is welcoming growth and opportunity. Is the time right for you to join the trend? Comment your idea below.