Read verified reviews from business owners, find state/local incentives, and understand key decision data.

Target Industries

Advanced Manufacturing

The advanced manufacturing sector in Boulder, Colorado, is characterized by its integration of cutting-edge technology and innovative manufacturing processes. This sector is bolstered by Boulder's strong emphasis on research and development, driven by the presence of leading research institutions and a highly educated workforce, making it a key player in the region's diverse and dynamic economy.

Technology

The IT/Technology sector in Boulder, Colorado, stands out for its high concentration of employment, driven by a highly-educated workforce and a robust culture of entrepreneurship. This region is known for being a hub for software development and tech innovation, attracting both established companies and startups, and is recognized nationally for its significant contribution to the IT and tech industry.

Healthcare

The healthcare sector in Boulder is a vital part of the local economy, distinguished by its innovative approach to medical technology and services. This sector benefits from the city's strong focus on bioscience and research, with various healthcare providers, research institutions, and biotech companies contributing to advanced healthcare solutions and services.

Tax Rates

Sales Tax: The sales tax rate is 8.845%, which equates to $8.845 per $100.

 

Corporate Income Tax: The corporate income tax rate is 4.55%, translating to $4.55 per $100.

 

Property Tax: The property tax rate is approximately 0.5%, or $0.50 per $100.

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Business Incentives

Job Growth Incentive Tax Credit

This program offers a state income tax credit equal to 50% of the FICA paid on new job growth each year. It's designed to support businesses that are creating new jobs in Colorado, making it particularly beneficial for expanding manufacturing companies.

Strategic Fund Job Growth Incentive

This incentive provides cash payments to companies that create and sustain new permanent jobs in Colorado for at least one year. It's an attractive option for manufacturing businesses focused on long-term job creation and workforce stability.

Advanced Industries Accelerator Program

Targeted at businesses in Colorado's advanced industries, including manufacturing, this program supports job creation and innovation. It offers assistance to companies developing advanced technologies, making it ideal for manufacturing firms at the forefront of technological innovation.

Business Climate Overview

Boulder, Colorado, is nestled in the foothills of the Rocky Mountains, approximately 25 miles northwest of Denver. This prime location offers easy access to major highways, including the nearby U.S. Route 36, which connects Boulder to Denver and the wider Interstate network. Its proximity to both natural landscapes and urban centers makes Boulder a unique and attractive location for both residents and businesses.

Demographics: Boulder is known for its highly educated workforce, with a significant portion of the population holding bachelor's degrees or higher. This is reflective of the city's emphasis on education and innovation. The population is diverse, with a mix of students, professionals, and families, contributing to a vibrant community atmosphere.

Wages: The median household income in Boulder is significantly higher than the national average, reflecting the city's affluent and highly educated population. Similarly, the median rent in Boulder is above average, which can be attributed to the high demand for housing in this desirable location.

Key Industries: Boulder is renowned for its strong tech industry, with numerous startups and established tech companies based in the area. Additionally, the city has a robust outdoor recreation economy, supported by its proximity to the mountains, and a growing biotech sector. Education and research are also key industries, fueled by the presence of the University of Colorado Boulder.

Quality of Life: Boulder offers an exceptional quality of life, with access to a wide range of outdoor activities such as hiking, biking, and skiing in the nearby Rocky Mountains. The city is also known for its vibrant cultural scene, with numerous festivals, art shows, and a strong emphasis on sustainable living. Boulder's commitment to health and wellness is evident in its numerous parks, trails, and recreational facilities.

Education: The University of Colorado Boulder is the centerpiece of the city's educational landscape, offering a wide range of undergraduate and graduate programs. Additionally, Boulder County is home to several community colleges, including Front Range Community College, which provides further educational opportunities for residents.

Businesses: Boulder is home to a number of top corporations and companies, including Ball Aerospace, which plays a significant role in the aerospace industry, and outdoor gear company Outdoor Research. The city also hosts a thriving startup scene, with many small businesses and tech startups choosing Boulder as their home base.

Economic Development Organizations: The Boulder Economic Council is a key player in local economic development, focusing on attracting and retaining businesses in key industries. Additionally, the Boulder Chamber of Commerce plays a crucial role in supporting the business community through networking events, resources, and advocacy efforts.

Map

Boulder, CO image

Our Team

Joe Hovancak photo
Joe Hovancak

Vice President of Economic Vitality

Boulder Economic Council
joseph.hovancak@boulderchamber.com
(720) 823-2339

Matt Wiggins photo
Matt Wiggins

Senior Director of Economic Vitality and Special Projects

Boulder Economic Council
matt.wiggins@boulderchamber.com
(720) 823-2339

Media

FAQ

Boulder's thriving ecosystem for tech startups is driven by its highly-educated workforce, presence of major research institutions, and a culture of innovation. The city's focus on technology and its status as a hub for software development and tech innovation make it an ideal location for tech businesses.
Boulder's healthcare sector is supported by its strong focus on bioscience and research. The city's various healthcare providers, research institutions, and biotech companies contribute to innovative medical technology and services, making it a vibrant environment for healthcare-related businesses.
Boulder offers incentives like the Job Growth Incentive Tax Credit, which provides a tax credit equal to 50% of FICA paid on new job growth, and the Strategic Fund Job Growth Incentive, offering cash payments for sustaining new permanent jobs. The Advanced Industries Accelerator Program is also available, supporting businesses in advanced sectors like manufacturing.
Boulder's proximity to major highways and Denver International Airport offers easy access for business travel. Its location in the Rocky Mountains fosters a dynamic economy with key industries like outdoor recreation, adding to its appeal for businesses seeking a balance of accessibility and lifestyle.
Boulder's relatively young population and high percentage of residents with advanced degrees create a dynamic and skilled workforce. This demographic makeup is particularly conducive to industries that require a high level of education and innovation, such as technology and healthcare.