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BUSINESS CLIMATE


State and local taxes are a major component for assessing the overall business friendliness of a community. Depending on their operations, some businesses prefer locations with lower property taxes while others may look more at income or sales tax levels.  Manufacturing operations with significant investments in physical property can face major competitive hurdles due to costs incurred by high property taxes. Sales-based operations, including retail, may be limited by high sales taxes, which although often passed off to customers may drive business away. Income tax rates affect all businesses and residents, with both tending to choose lower tax locations when possible.
 
Longmont benefits from the highly competitive business climate in Colorado, which has some of the lowest income tax rates in the West, making it an attractive location for businesses and residents.
 
Boulder County has a high concentration of small businesses, demonstrating both local policy support for small businesses and a strong cultural preference for local businesses. Boulder County has 89.2% of all businesses having 20 or fewer employees, compared to 86.4% nationally and 88.3% in Colorado.

Longmont Economic Development Partnership
630 15th Avenue, Suite 100A
Longmont, CO 80501
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