(The Center Square) – Multiple companies have announced expansions in Colorado , bringing new jobs and opportunities to the state.

That comes as Colorado recently ranked fifth nationally as a top entrepreneurial state, according to a study by Wave Connect.

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It found that across all 50 states, Colorado processed over 2,200 business applications per 100,000 residents.

“Most Colorado entrepreneurs are entrepreneurship-driven and employ a considerable number of local workers,” the report found. “Colorado has an excellent 82% startup survival rate, while residents show the sec

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