Colorado
USA
Overview
Colorado is a state in the United States encompassing most of the Southern Rocky Mountains as well as the northeastern portion of the Colorado Plateau and the western edge of the Great Plains. Colorado is part of the Western United States, the Southwestern United States, and the Mountain States. Colorado is the 8th most extensive and the 21st most populous of the 50 United States. The United States Census Bureau estimates that the population of Colorado was 5,540,545 on July 1, 2016, an increase of 10.17% since the 2010 United States Census.
EDO Spotlight
| Regional Marketplace | Colorado (Coming Soon) |
|---|---|
| EDO Website | Colorado Office of Economic Development |
| SelectUSA Contact | Fred Johnson |
Companies
Projects
Incentives
CBDG-DR Grant and Loan Fund Grants
Every year, the State of Colorado receives an allocation of federal funds to use for both community and economic development efforts within the state. OEDIT receives approximately one-third of this allocation of funds, using this allocation specifically for economic development efforts via the state’s Business Loan Funds.Colorado Creative Districts Grants
This program offers vetted districts across the state access to grant funding, tailored technical assistance, networking and training programs, and access to advocacy tools to support the growth and infrastructure of the state’s creative economy.Strategic Fund Incentive Grants
This discretionary program offers cash grants ranging from $2,500 to $5,000 for each new job created and retained for one year. To qualify, a business must create jobs that pay an average wage that is at or above 100% of the average wage of the county where the project is located. Local governments must provide matching funds for a business to be eligible for this program.Colorado FIRST and Existing Industry Job Training Programs (CFEI) Job Training
Colorado FIRST program offers job training grants of up to $1,200 per job for businesses that are expanding in or relocating to Colorado. Grants of up to $1,000 per job are available to qualified existing businesses that are implementing new technologies. A minimum of 40% of the total training costs must be covered by the company.CBDG Business Loan Funds Low Interest Financing
Colorado has 14 Business Loan Fund locations, which have service areas covering the majority of the state’s rural areas. These 14 programs are responsible for promoting and fostering economic development efforts at the local level by providing financial assistance in the form of loans and loan guarantees to businesses in their respective regions.Enterprise Zone Program Special Zoning
These tax incentives encourage businesses to locate and expand in designated economically distressed areas of the state.Aviation Development Zones Tax Credits
The Aviation Development Zone (ADZ) is a calendar-year performance-based job creation incentive program. Businesses must create net new jobs within a recognized ADZ at an airport before requesting credits.Job Growth Incentive Tax Credit (JGITC) Tax Credits
Businesses that create at least 20 new jobs with wages at or above the average wage of the county where the project is located may receive a corporate income tax credit. The credit is equal to 50% of the FICA or payroll taxes the company pays for new hires.Sales and Use Exemptions Tax Exemptions
An exemption of state sales and use taxes is available for purchases of manufacturing machinery, machine tools, and parts.Relevant Links
24
fdi rank
90,800
fdi jobs
4.3%
of total private employment from fdi
770
global employers
11.3%
5 year growth in fdi employment
10.3%
5 year growth in private sector employment
FDI Employment by Industry
FDI Employment by Country
4,517,848,217
exports ($)
5,544,276,158
imports ($)
35
state-local tax burden rank
Census Data
| Population | |
|---|---|
| Population estimates, July 1, 2016, (V2016) | 5,540,545 |
| Population estimates base, April 1, 2010, (V2016) | 5,029,324 |
| Population, percent change - April 1, 2010 (estimates base) to July 1, 2016, (V2016) | 10.20 |
| Population, Census, April 1, 2010 | 5,029,196 |
| Age and Sex | |
| Persons under 5 years, percent, April 1, 2010 | 6.80 |
| Persons under 18 years, percent, April 1, 2010 | 24.40 |
| Persons 65 years and over, percent, April 1, 2010 | 10.90 |
| Female persons, percent, April 1, 2010 | 49.90 |
| Race and Hispanic Origin | |
| White alone, percent, April 1, 2010 | 81.30 |
| Black or African American alone, percent, April 1, 2010 | 4.00 |
| American Indian and Alaska Native alone, percent, April 1, 2010 | 1.10 |
| Asian alone, percent, April 1, 2010 | 2.80 |
| Native Hawaiian and Other Pacific Islander alone, percent, April 1, 2010 | 0.10 |
| Two or More Races, percent, April 1, 2010 | 3.40 |
| Hispanic or Latino, percent, April 1, 2010 (b) | 20.70 |
| White alone, not Hispanic or Latino, percent, April 1, 2010 | 70.00 |
| Population Characteristics | |
| Veterans, 2011-2015 | 391,725 |
| Foreign born persons, percent, 2011-2015 | 9.80 |
| Housing | |
| Housing units, April 1, 2010 | 2,212,898 |
| Owner-occupied housing unit rate, 2011-2015 | 64.30 |
| Median value of owner-occupied housing units, 2011-2015 | 247,800 |
| Median selected monthly owner costs -with a mortgage, 2011-2015 | 1,577 |
| Median selected monthly owner costs -without a mortgage, 2011-2015 | 419 |
| Median gross rent, 2011-2015 | 1,002 |
| Families and Living Arrangements | |
| Households, 2011-2015 | 2,024,468 |
| Persons per household, 2011-2015 | 255.00 |
| Living in same house 1 year ago, percent of persons age 1 year+, 2011-2015 | 80.80 |
| Language other than English spoken at home, percent of persons age 5 years+, 2011-2015 | 16.90 |
| Education | |
| High school graduate or higher, percent of persons age 25 years+, 2011-2015 | 90.70 |
| Bachelor's degree or higher, percent of persons age 25 years+, 2011-2015 | 38.10 |
| Health | |
| With a disability, under age 65 years, percent, 2011-2015 | 7.20 |
| Persons without health insurance, under age 65 years, percent | 9.20 |
| Economy | |
| In civilian labor force, total, percent of population age 16 years+, 2011-2015 | 67.60 |
| In civilian labor force, female, percent of population age 16 years+, 2011-2015 | 62.60 |
| Total accommodation and food services sales, 2012 ($1,000) (c) | 13,617,654 |
| Total health care and social assistance receipts/revenue, 2012 ($1,000) (c) | 29,488,161 |
| Total manufacturers shipments, 2012 ($1,000) (c) | 50,447,098 |
| Total merchant wholesaler sales, 2012 ($1,000) (c) | 77,034,971 |
| Total retail sales, 2012 ($1,000) (c) | 67,815,200 |
| Total retail sales per capita, 2012 (c) | 13,073 |
| Transportation | |
| Mean travel time to work (minutes), workers age 16 years+, 2011-2015 | 25 |
| Income and Poverty | |
| Median household income (in 2015 dollars), 2011-2015 | 60,629 |
| Per capita income in past 12 months (in 2015 dollars), 2011-2015 | 32,217 |
| Persons in poverty, percent | 11.50 |
| Businesses | |
| All firms, 2012 | 547,352 |
| Men-owned firms, 2012 | 284,554 |
| Women-owned firms, 2012 | 194,508 |
| Minority-owned firms, 2012 | 85,849 |
| Nonminority-owned firms, 2012 | 85,849 |
| Veteran-owned firms, 2012 | 51,722 |
| Nonveteran-owned firms, 2012 | 469,524 |
| Geography | |
| Population per square mile, 2010 | 49 |
| Land area in square miles, 2010 | 103,642 |