People who live in this state or are considering a move to this state are likely aware of the growing population of entrepreneurs who have started companies here. For many reasons, cities like Denver and Boulder are high on the list of great places to start a business.
According to a list compiled by Forbes, Metro Denver was named the fifth best place for business and careers. USA Today puts the Boulder/Denver area in their top 10 places to start a technology business, and CNBC rates the state of Colorado as the eighth best state in which to start any business. With such a positive showing on these lists, it is no wonder that all sizes of companies, from startups to global corporations, are choosing to call this state home.
Sources indicate that because the state is popular with venture capitalists that are willing to invest in innovative startup companies, smaller companies with a focus on technology are coming to Colorado in droves. The financial resources that are available are a huge draw for businesses that need a willing investor to help them get off the ground.
There are also large, well-established companies that have decided to relocate into Colorado. According to reports, the reasons for these moves may likely have something to do with the quality of life, the desirable cost of living and positive business relationships that are found here. These companies also likely realize that Colorado is already home to a large number of ground-breaking companies focused on areas related to energy, bioscience, green technology and healthy living solutions.
Deciding where to build a business is just one step in the complex process of starting and establishing a successful company. There are many other difficult decisions that need to be made, and business owners understand that making the right decisions is essential in starting or expanding a company. With the help of a business and commercial attorney, these decisions can become easier to make.
Source: 9News.com, “Is Denver the next Silicon Valley?” Jack Maher, March 26, 2013
- Our Colorado law firm works with business owners throughout the process of establishing and growing a business. For more information, please visit our page on business planning and formation.