The Colorado Chamber Foundation released its 2025 Relocations Tracker examining business departures from the state.
The report compiles data on businesses that have left the state or reduced their presence, and outlines trends and factors influencing those decisions. It is intended to help stakeholders better understand economic shifts affecting Colorado’s business climate.
Since 2019, Colorado has recorded 98 company relocations or lost opportunities, including 27 in 2025 alone. According to the report, these actions are associated with more than 13,600 jobs lost to other states, where data is available.
Business leaders cited several contributing factors, including regulatory costs and recently enacted laws, as reasons some companies chose to scale back or relocate operations. In one example highlighted by the foundation, a company that initially planned to expand in Colorado instead moved to North Carolina after determining that new regulatory requirements made its operations unfeasible.
The tracker also notes that several energy and utility companies pointed to rising compliance costs and anticipated rate increases as reasons for leaving Colorado entirely. Other businesses cited development regulations when reducing planned projects in the state, while expanding operations elsewhere.
According to the report, many companies maintained some level of presence in Colorado but shifted significant operations or headquarters functions to other states, including Texas, California, Georgia, and Nebraska.
The Colorado Chamber Foundation, the research and education arm of the Colorado Chamber of Commerce, focuses on economic development, business climate analysis, and policy research aimed at supporting a competitive environment for employers across the state.
