A new "State Competitiveness Report," issued by Boston's Beacon Hill Institute (“BHI”), ranks Colorado as second among the fifty states for economic competitiveness.   Massachusetts is third, followed by Wyoming, Minnesota, Nebraska, Utah, South Dakota, Iowa and New Hampshire.  The rankings are based on indicators grouped in the categories of government and fiscal policy, security, infrastructure, human resources, technology, business incubation, openness, and environmental policy. 

Michael Porter of the Harvard Business School describes the report as “the micro-foundations of prosperity.” According to the report, “the BHI State Competitiveness Index identifies what is needed to cultivate, for example, a solid base of scientists and engineers, or what a state needs to do to improve human capital or how it may need to build smart roads that cut down on travel-time-to-work, the sort of problem that impedes productivity.”

In May, American Legislative Exchange Council, an advocacy group representing conservative state legislators, published an annual report indicating that Colorado has the nation's second-best economic outlook.

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