Oct 14, 2010 3:13 PM by Bea Karnes

Colorado makes Top 5 for Best Places for Business

Forbes is giving Colorado high marks for starting an running businesses.

For the second year in a row, Forbes has ranked Colorado as the fourth best state for businesses and for fostering economic growth. CNBC has rated Colorado the third best state two years in a row.

"Even in this tough economy, Colorado has remained aggressive, disciplined and focused when it comes to supporting businesses and encouraging economic growth," Gov. Ritter said. "Today's ranking by Forbes shows that our strategies and investments in emerging and innovative industries like clean energy, healthcare, aerospace, biosciences and technology are working. We still have many challenges ahead, but we are indeed moving forward."

The Forbes ranking puts Colorado first for labor supply, sixth for overall economic climate and growth prospects, and ninth for quality of life.

The Best States for Business

  1. Utah
  2. Virginia
  3. North Carolina
  4. Colorado
  5. Washington
  6. Oregon
  7. Texas
  8. Georgia
  9. Nebraska
  10. Kansas

Bottom 5

46. Hawaii
47. Michigan
48. Mississippi
49. Rhode Island
50. Maine


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