Digital Economy Preparedness: How Colorado Ranks In U.S.
Amid the new coronavirus pandemic, businesses and industries around the country have been forced to change their work processes to stay afloat. The ability to adapt to the digital world will shape a state's ability to recover economically.
Colorado is the 7th most digitally prepared state to take its economy online, according to a new report by StorageCafe. The study analyzed ten metrics to predict economic success.
Colorado’s economy ranks No. 4 nationwide in the concentration of high-tech workers, with a share of 10.5 percent of its workforce employed in tech, the data shows. Our state also ranks 4th for how much its tech sector contributes to GDP — 14.3 percent.
Don’t miss the latest news updates in Colorado. Sign up for free Patch news alerts and newsletters for what you need to know daily.
With one of the best digital infrastructures in the country, Colorado has more than 90 percent broadband coverage and a 40.9 mbps internet speed — surpassing the U.S. average of 36.1 mbps.
Our state was ranked 3rd in the country for personal tech availability —around 98 percent of Colorado households have an internet subscription and nearly 93 percent own a computer, according to the report. Our state had the highest share of its population working from home — nearly 8 percent — prior to the coronavirus outbreak.
Denver is the 9th most technologically well-prepared metro area in the nation, the data shows.
Best states for digital economy:
Massachussetts
California
Washington
New Jersey
Maryland
New York
Colorado
Virginia
Utah
New Hampshire
Read the full StorageCafe report here.
Read more:
This article originally appeared on the Denver Patch
