Dec 07 2024 2 mins
Colorado has seen significant developments across various sectors in recent months. The state's economy remains strong, with Colorado ranking fourth in the nation for best economy, best business environment, and employment, according to U.S. News & World Report[2].
The 2024 legislative session delivered key initiatives to support businesses and workers. Notably, the session advanced historic investments to strengthen Colorado's workforce and create affordable housing near job centers. The state also cut taxes and increased certainty for business leaders, positioning Colorado as a prime location for businesses to start and grow[2].
In terms of specific policy changes, the Colorado Office of Economic Development and International Trade (OEDIT) identified key areas to support business growth, including increasing the supply and reducing the cost of housing. The session also introduced a multi-year $74 million refundable tax credit program to leverage Colorado's private sector and academic research innovation, particularly in quantum technology[2].
On the environmental front, the 2024 Climate Change in Colorado report highlighted significant trends and projections for the state's climate and hydrology. The report noted that temperatures in Colorado have been warmer than average in recent years and are expected to continue warming, with statewide annual average temperatures projected to increase by 2.5 to 5.0 degrees Fahrenheit by 2050 compared to the late 20th century[3].
Looking ahead, Colorado is poised to continue its economic growth and environmental efforts. The First Regular Session of the Seventy-fifth General Assembly is set to begin, which will likely address ongoing issues such as housing affordability and climate change mitigation[1]. Additionally, the state's focus on supporting key industries, such as quantum technology, will continue to shape Colorado's economic landscape. As the state moves forward, it will be important to monitor these developments and their impact on Colorado's communities and environment.
The 2024 legislative session delivered key initiatives to support businesses and workers. Notably, the session advanced historic investments to strengthen Colorado's workforce and create affordable housing near job centers. The state also cut taxes and increased certainty for business leaders, positioning Colorado as a prime location for businesses to start and grow[2].
In terms of specific policy changes, the Colorado Office of Economic Development and International Trade (OEDIT) identified key areas to support business growth, including increasing the supply and reducing the cost of housing. The session also introduced a multi-year $74 million refundable tax credit program to leverage Colorado's private sector and academic research innovation, particularly in quantum technology[2].
On the environmental front, the 2024 Climate Change in Colorado report highlighted significant trends and projections for the state's climate and hydrology. The report noted that temperatures in Colorado have been warmer than average in recent years and are expected to continue warming, with statewide annual average temperatures projected to increase by 2.5 to 5.0 degrees Fahrenheit by 2050 compared to the late 20th century[3].
Looking ahead, Colorado is poised to continue its economic growth and environmental efforts. The First Regular Session of the Seventy-fifth General Assembly is set to begin, which will likely address ongoing issues such as housing affordability and climate change mitigation[1]. Additionally, the state's focus on supporting key industries, such as quantum technology, will continue to shape Colorado's economic landscape. As the state moves forward, it will be important to monitor these developments and their impact on Colorado's communities and environment.