5 Most Business Friendly States in the US

Page 5 of 5

1. Colorado

Number of Business Applications (2023): 138,867

GDP per capita (2023): $257,442.13

Corporate Income Tax Rate (2024): 4.4%

Insider Monkey Score: 4.5

Colorado ranks first on our list of the most business friendly states in the United States. Colorado has a corporate income tax rate of 4.4% for all income levels. The state logged nearly 140,000 new business applications in 2023.

At Insider Monkey, we delve into a variety of topics, ranging from the most profitable industries to business aspects; however, our expertise lies in identifying the top-performing stocks. Currently, Artificial Intelligence (AI) technology stands out as one of the most promising fields. If you are looking for an AI stock that is more promising than NVDA but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.

READ NEXT: $30 Trillion Opportunity: 15 Best Humanoid Robot Stocks to Buy According to Morgan Stanley and Jim Cramer Says NVIDIA ‘Has Become A Wasteland’

Disclosure: None. Insider Monkey focuses on uncovering the best investment ideas of hedge funds and insiders. Please subscribe to our free daily e-newsletter to get the latest investment ideas from hedge funds’ investor letters by entering your email address below.

Page 5 of 5