CNBC ranks Colorado No. 5

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CNBC correspondent Scott Cohn this morning featured Colorado as the fifth best state for business competitiveness.

CNBC ranks all 50 states in 10 categories. Colorado received 1,512 points out of a possible 2,500 points. Colorado’s strongest category is business friendliness, which measures the state’s legal and regulatory climate. It finished in sixth place in that category. Colorado also ranked No. 7 in workforce and quality of  life.

Cohn, however, said Colorado struggled in CNBC’s economy category, falling to No. 26 from No. 8 last year. Cohn said “after three years of steady growth, Colorado’s economy has lagged the national recovery the past two years, in part because of the sluggish construction industry.”

Peter Niederman, CEO of Kentwood Real Estate, was surprised and thrilled when he watched the report this morning.

“Of all the states, to see Colorado highlighted like this was quite remarkable,” Niederman said. “Watching the report, I was really proud of Colorado. I was excited  to get national attention like this.”

Virginia was ranked No. 1, followed, in order by Texas, North Carolina and Georgia.

Contact John Rebchook at JRCHOOK@gmail.com.

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John Rebchook

John Rebchook has more than 30 years of experience in writing and communications. As the Real Estate Editor for the Rocky Mountain News, he wrote about residential and commercial real estate for 26 years. He has won numerous awards for business stories and columns that he wrote, both as an individual and part of teams. In addition to real estate, he also covered economic development, banking and financing, the airlines, and cable TV for the Rocky. In addition, he was one of the original freelance writers for GlobeSt.com, covering commercial real estate for the Internet publication.

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