Evaluating states to invest in is not an easy thing. There are many factors to consider before investing in anything. This article endorses Colorado for livability, the strength of the local economy and the role of state government in business.
Colorado’s Natural Beauty
Colorado is great place to invest because people want to live there. The Huffington Post and CNN put Louisville as the number two small town to live in the country. Denver and Colorado Springs both frequently top lists of places to live the US. Money Magazine lists five towns or cities in Colorado in the top 100 places to live in the US.
It is really no surprise that Colorado ranks so highly. Colorado combines the culture of cosmopolitan cities with the rugged beauty of the Rocky mountains. The winter offers high level skiing at world renowned location like Aspen, Vail and Telluride. The summer gives residents access to tens of thousands of acres of beautiful state and national parks. Talented people are flocking to Colorado to access fishing, hiking, hunting and camping
Growing IT, Software and Start-up Cultures
Colorado is great place to live because of a high concentration of well paying technology jobs. According to the Denver Post, there were 162,000 people employed in the field of technology in 2012. Companies like IBM, Hewlett Packard and Sun Microsytems all have operations in the area. Technology employs 8.7% of the economy making Colorado has third highest concentration of IT sector employees in the country. These high paying jobs are responsible for Colorado having the 11th highest per capita GDP at $51,940 (2010).
Booming Energy Market
Colorado has a booming renewable energy because there are over 300 companies that specialize in finding sustainable ways to power the planet. Small start-ups and large companies alike flock to Colorado, employing an idealistic group of citizens who care about the environment. Signs of the boom are everywhere. The Danish company VESTAS is in the process of building a wind turbine facility that will employ 3000 people. Conoco Philips is creating a biofuel research center that will be one of the biggest of its type in the country. SunEdison, one of the biggest solar energy producers in the country, completed the largest solar facility in country. And many analysts think this is just the beginning!
Colorado is a capital of research and development. Biosciences and Nanotechnology are drivers of growth in the economy. Colorado is the third largest location for nanotechnology research in the country. Colorado uses its technologically advanced position to bring in a large amount of federal money for research. The state is 5th in appropriations from the National Science Foundation. Colorado University is a top ten research university in the country. Colorado also has the largest renewable energy research facility in the country.
Colorado is a good place to invest because the state is positioned for explosive economic growth. With a boom of jobs in renewable energy and IT it is hard to see why economy will not continue to grow. Not only that, but the State and its residents have a proven dedication to maintaining the integrity of the environment, which means its beauty and livability will be sustained into the foreseeable future.
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