Colorado is known for many things, from the beautiful landscape to the amazing range of activities available, but did you know that it’s also home to one of the most innovative economies in the world? In recent years, Colorado has attracted a lot of online marketing entrepreneurs, offering fantastic opportunities for ambitious individuals and business partnerships.
If you’re considering moving to Colorado or expanding your business there, then you’ve probably already begun considering the state’s thriving tech community. If you’re unfamiliar, Colorado is the 10th largest state in the country and the 4th largest in terms of area, so there’s a lot of opportunity for those who choose to live, work, and play there.
One of the most prominent industries in Colorado is tourism, with many vacationing Europeans discovering the state in the late 1800s. Since the Great Depression, the number of annual visitors to Colorado has steadily risen, with about 6.5 million people traveling there each year, and this trend continues to this day. Nowadays, Colorado is also a popular destination for skiing and snowboarding in the winter, and in the summer, it’s a great place to be for hiking, biking, and boating. If you’re a fan of the outdoors, you couldn’t really ask for a better place to spend your time.
Although the economy in Colorado is predominantly based on tourism, the state’s burgeoning tech sector means there are now plenty of other opportunities for budding entrepreneurs. One of the main reasons behind the recent explosion in online marketing activity is the largely favorable business environment. Because of the state’s relaxed regulations, entrepreneurial spirit, and beautiful environment, many digital nomads have chosen to make Colorado their home. When planning your move, whether to the state or national level, it’s important to consider the varying business climates across various regions. This article will discuss some of the best parts of living in Colorado, as well as highlight a few key points to keep in mind if you’re considering setting up an online marketing operation there.
Attractive Cost of Living
One of the main reasons people choose to live in Colorado is the cost of living. The cost of living is remarkably low in comparison to other places in the country and the world, which means that even though you might earn less money, you won’t need to spend as much. According to data from costofliving.com, a site that compares various locations worldwide based on cost of living, Colorado has the 7th lowest cost of living in the country. For example, the cost of living in New York City is currently $13,800 per year, which is significantly higher than the cost of living in Colorado. With mortgage costs ranging from $12,000 to $14,000 per year and utility bills ranging from $1,200 to $1,600 per month, not including internet access or phone costs, moving to Colorado can certainly reduce your overall costs of living.
Mountain communities throughout Colorado are welcoming and have a largely positive attitude towards those from other parts of the country and the world. As a result, many people choose to move there and start the new life they’ve always wanted, regardless of whether or not they have a college degree. In some cases, they can even afford to buy a home with an outdoor pool, which is almost impossible outside of the state.
The Active Lifestyle
Another benefit of moving to Colorado is its lively recreational lifestyle. The state is home to some of the greatest resorts in the country, like Vail and Beaver Creek, which draw thousands of people from across the world to the mountains each year. If you’re looking for a quiet, relaxing week away from the hustle and bustle of the city, then you could certainly do much worse than Colorado.
For those who love a good ski run, winter in Colorado is an opportunity to enjoy one of the country’s greatest pastimes. Every winter, skiers and snowboarders from across the country flock to the state to participate in one of the country’s great outdoor sports. Although it can still technically snow in some parts of the country in the winter, Colorado is certainly one of the prime spots to experience the unique feeling that comes with skiing in the winter. In fact, it’s one of the main drawcards for those planning a vacation in the Midwest this winter!
The Community Of Like-Minded People
Finally, let’s not forget about the wonderful community of people who live in Colorado. It’s not only home to some of the most beautiful and adventurous landscapes in the country, but it’s also a hub for like-minded individuals who want to live life to the fullest. Because of this, those who embrace a more traditional lifestyle can often enjoy quality time with their family and friends in one of the country’s most popular sports towns, where they can cheer on the Colorado Avalanche (Avalanche.com) as they take on the competition.
Those who work in tech and innovation can further contribute to the growth of the industry, with many prominent entrepreneurs living in Colorado. Home to some of the most innovative companies in the country, like Dish, Inc. and Expedia, Inc., entrepreneurs in Colorado can enjoy the freedom to build a business that will change the world. Not only that, but with many high-quality educational institutions, like the University of Colorado, they can further their knowledge and gain the skills necessary to thrive in the industry.
The Business Environment
To conclude, let’s not forget about the business environment in Colorado. It’s a very welcoming community, with many traditional and non-traditional industries, so there’s a fantastic opportunity to begin a business in Colorado. According to the Small Business Administration, the state has a very high number of business start-ups, meaning there are plenty of opportunities for those who choose to make the state their new home. In fact, one of the main reasons behind the recent rise in popularity of online marketing in Colorado is due to the state’s open policy regarding business. As a result, many small businesses are able to grow exponentially and become a significant source of income, providing jobs to residents and attracting more businesses.
Based on the above, it’s quite obvious that Colorado is a great place to do business. The cost of living is low, enabling more people to participate in the industry, while the state has a welcoming and supportive business environment that encourages those with an entrepreneurial spirit to start a business and thrive there.