Market Snapshot: Colorado

50 states in 50 weeks – The new series leverages our vast market intelligence database to bring you powerful AE industry insights. Let’s get started with Colorado.

Colorado is poised for significant growth in the architecture and engineering industry. The Centennial State is among the top 10 states in terms of AE industry revenue and employment. The state also ranks third in forecasted pace of growth for construction starts over the next five years (Source: ConstructConnect), indicating strong and expanding market opportunities. Additionally, Colorado holds the number four position in labor force participation rate, demonstrating a robust workforce to support this growth. The state, which has the eighth highest GDP per capita in the country, also ranks sixth in projected population growth from 2020 to 2030 (Source: University of Virginia’s Weldon Cooper Center for Public Service), reflecting both a growing economy and an increasing demand for infrastructure and services. On the transportation front, Colorado places sixth in state and local air transportation revenue and tenth in transit ridership (Source: Bureau of Transportation Statistics). See the grades below for Colorado based on Morrissey Goodale’s State Economic Performance and Outlook ranking model:

Colorado Economic Performance and Outlook Grade: A-
  • GDP Strength: A-
  • Population: B
  • Workforce: B
  • Financial/Fiscal Health: C+

For sector-specific insights or questions about our market intelligence and research services, call or text Rafael Barbosa at 972-266-4955 or email at [email protected].

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