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Commerce City ranks high for new businesses

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By The Staff

COMMERCE CITY — According to a recent study by consumer finance website, NerdWallet, Commerce City ranks among the top 20 best places to start a new business in Colorado.

Commerce City finished 13th in rankings, which are determined by crunching Census data and comparing it to key factors like business climate, average revenue of businesses, percentage of businesses with paid employees and businesses per 100 people, local economic health, median annual income, median monthly housing costs and unemployment rate.

According to NerdWallet author, Jonathan Todd: “Colorado is scoring with big business, and it’s due to a triad of factors that lure in entrepreneurs — and that also falls trippingly from the tongue: technology, talent and tourism.”

Todd cited a U.S. Chamber of Commerce Foundation report that ranked Colorado first in the nation in terms of loans provided for small business, as well as the state’s concentration of technology businesses. The annual survey also put Colorado on top of the list in terms of talent pool, business climate, infrastructure and economic performance. 

Other North Metro cities to make the list included Fort Lupton (26th), Brighton (56th), Federal Heights (68th), Northglenn (78th) and Thornton (81st).

Greenwood Village was named the best city overall in Colorado to start a new business, while Denver ranked 29th overall.