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Ranking based on business environment, access to resources and costs

Colorado Springs is the 9th best City in America to start a business, according to a study released today by WalletHub. The study compared the “relative startup opportunities” in 100 U.S. Cities based on 20 metrics in three categories: Business Environment, Access to Resources and Business Costs.

“This ranking speaks to an incredible amount of very intentional work by the City, the business community and the Colorado Springs Chamber & EDC to create an environment that is welcoming to businesses and that puts them in the best possible position to succeed,” said Mayor John Suthers. 

“Entrepreneurship drives innovation throughout our business community and across all industries. I echo Mayor Suthers’ remarks that the ranking is a testament to intentional work across agencies and organizations,” said Johnna Reeder Kleymeyer, president and CEO, Colorado Springs Chamber & EDC. “This is a big win, and we’re not taking our foot off the pedal, so to speak. We’re all continuing this work to ensure we remain a top place to start a business.”

Categories where Colorado Springs excelled included office space affordability (2nd), corporate taxes (8th) and job growth between 2016-2020 (16th).

Read the full methodology and ranking.

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