Colorado Small Businesses: Five Fast Facts

March 13, 2024

Delaney Sexton
Contributing Editor

Colorado Small Businesses: Five Fast Facts

  • More than 30,000 new small businesses opened from March 2021 to March 2022.
  • Over 360,000 new jobs were created by small businesses during that same period.
  • In 2021, $2.2 billion in loans were issued to businesses with revenues of $1 million or less.
  • Colorado’s largest small business industry is Professional, Scientific, and Technical Services, making up 17% of Colorado’s small businesses.
  • 87.8% of all Colorado exporters were small businesses.

Source:
SBA Office of Advocacy 2023 Colorado Small Business Profile