Colorado's scenic, historic, and recreational areas make it a popular vacation destination. equipment, machinery, chemical products, gold and other mining, tourism.
Colorado has the 19th highest GSP out of the 50 states. When it comes to mining, Colorado enjoys an abundance of natural gas, coal and oil. [15], Learn how and when to remove this template message, National Oceanic and Atmospheric Administration, National Institute of Standards and Technology, United States Court of Appeals for the Tenth Circuit, List of companies with Denver area operations, "Total Gross Domestic Product for Colorado", "US Census Bureau, State Government Tax Collections Viewable Data", "GOP-leaning farmers may face tough choice in Senate race", Denver-Aurora-Lakewood, CO Metropolitan Statistical Area, Cathedral Basilica of the Immaculate Conception, Denver Museum of Miniatures, Dolls and Toys, Economy of the United States by jursidiction, https://en.wikipedia.org/w/index.php?title=Economy_of_Colorado&oldid=974194657, Economy of the Southwestern United States, Articles needing additional references from January 2009, All articles needing additional references, Creative Commons Attribution-ShareAlike License, Regional Transportation District (RTD), which affects the counties of Denver, Boulder, Jefferson and portions of Adams, Arapahoe, Broomfield and Douglas, Football Stadium District (FD or FTBL), approved by the voters to pay for and help build the, Local Improvement District (LID) within designated areas of southeast Jefferson and Boulder counties, Regional Transportation District (RTA) taxes at varying rates in Basalt, Carbondale, Glenwood Springs, Gunnison County, This page was last edited on 21 August 2020, at 16:04. The tax break is scheduled to return for assessment year 2006, payable in 2007. Processed foods, computer equipment, transportation equipment, aerospace products, and fabricated Current agricultural and government involvement, as well as a court system that generally protects property rights Denver is an important financial center. Learn more about these industries and their major employers.
Other services include medical, legal, software development and engineering. The most common special district taxes are: Real estate and personal business property are taxable in Colorado. Denver's west-central geographic location in the Mountain Time Zone (UTC −7) also benefits the telecommunications industry by allowing communication with both North American coasts, South America, Europe, and Asia in the same business day. agencies in the state. In the 1970s and early 1980s, the energy crisis in America created an energy boom in Denver captured in the soap opera Dynasty. With each job in oil and gas extraction supporting an additional 4.2 indirect and induced jobs, its importance goes far beyond its size. Force Academy in Colorado Springs, NOAA and the National Institute of Standards and Technology in Boulder, US Geological Survey and other government Fact Check: What Power Does the President Really Have Over State Governors? Other industries include food processing, transportation equipment, machinery, The service industry includes tourism. The economy of Colorado is ranked 20th largest in the United States in 2008. In addition, there were 37,285 active military in Colorado.[11]. In the second half of the 20th century the industrial and service sectors have expanded greatly.