Will blue states ever learn?
And yes, Colorado is a blue state.
AI software company Palantir announced it moved its headquarters to Miami, FL, after spending six years in Denver, CO.
Palantir produces software for defense agencies and large companies.
Palantir, founded by Peter Thiel in 2003, relocated from California to Colorado in 2020. CEO Alex Karp criticized Silicon Valley “for its ‘woke mob’ and anti-patriotism” while praising Denver as “sane” and “pleasant.”
I guess not anymore:
In left-leaning states like California and Colorado, “the regulatory and tax environment is simply becoming too much of a hurdle,” Andrew Rocco, a stock strategist at Zacks Investment Research, told MarketWatch. Last fall, 65% of senior executives surveyed by the Colorado Business Roundtable claimed state policy was having a negative impact on business.
Colorado isn’t as bad as California.
The state ranked #11 in CNBC’s 2025 rankings of top states for business, an improvement from #16 in 2024.
However, CNBC gave Colorado a D+ for cost of doing business, an F in cost of living, and a C for the economy.
Yikes.
In December 2025, the Colorado Chamber of Commerce’s Colorado Scorecard for 2025 received bad news when 45% of the business leaders who participated said they planned “to invest out of state.”
That F Colorado earned from CNBC for the cost of living? Yeah, the business leaders cannot bring in talent. From Vail Daily:
Poverty and homelessness in Colorado also increased among both adults and children in 2024 for the second and third years in a row, respectively. Furman said the state’s rising cost of living has become impossible to overlook as employers struggle to compete for talent and grow their businesses.Roughly 50% of Colorado business leaders surveyed by the chamber blame housing attainability as a significant barrier to attracting and retaining workforce talent, which only hinders the state’s competitiveness.Annual homeowners’ insurance, another significant expense for Coloradans, saw rates increase by an average of $1,912 in 2025 — a 47% rise from the previous year — according to 2024 data from Insurify. Colorado’s yearly cost of $5,984 makes it the 4th most expensive state in the nation.
[Featured image via YouTube]
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