Businesses flee as Colorado turns deep socialist blue

.

The socialist wave reshaping the Democratic Party reached Colorado on Tuesday, as three far-left candidates defeated more centrist Democrats in races for governor and Congress. The results confirmed what has been apparent for some time: Colorado is no longer a business-friendly purple state. It is now a deep-blue Democratic stronghold willing to sacrifice growth, jobs, and technological dynamism in pursuit of left-wing policy goals.

That shift was visible across the ballot. Attorney General Phil Weiser defeated Sen. Michael Bennet (D-CO) in the Democratic gubernatorial primary, while Melat Kiros ousted 15-term Rep. Diana DeGette (D-CO) in Denver’s safely Democratic 1st District. Even in Colorado’s competitive 8th District, state Rep. Manny Rutinel defeated the more centrist Shannon Bird, showing the party’s leftward turn is not confined to its safest seats.

Colorado’s sharp left turn did not happen overnight. The state voted Republican as recently as 2004, but Democrats have now carried it in five straight presidential elections, including Joe Biden’s 13.5-point win in 2020, the first double-digit major-party presidential victory there since 1984. Even as Donald Trump improved nationally, Colorado Democrats gained ground. Democrats now control every statewide office and both legislative chambers, while voters have approved abortion rights, same-sex marriage, and new taxes.

Colorado’s leftward lurch has not been ignored by the state’s business community. In April, more than 230 business and community leaders warned state officials that “the foundation of Colorado’s technology and business leadership is deteriorating.” The Colorado Chamber Foundation separately found that since 2019 — the year Democrats took full control of state government — at least 98 companies have left Colorado, reduced their presence, or chosen other states for expansion, costing the state more than 13,600 jobs. For a state that once boasted of being a pro-growth, libertarian-leaning Mountain West alternative to California, that is a telling sign. Colorado’s politics are beginning to produce the same business anxieties long associated with the West Coast’s deep-blue states.

Palantir’s decision to leave Denver for Miami is the clearest case study. When the data analytics giant moved its headquarters from Palo Alto to Denver in 2020, CEO Alex Karp cited Silicon Valley’s “increasing intolerance and monoculture.” Six years later, in February 2026, Colorado was obviously becoming a similar monoculture without the advantages to attract people and corporations wanting to create wealth.

Palantir, Colorado’s most valuable publicly traded company, was worth hundreds of billions of dollars when it left, making its move to Florida more than a symbolic embarrassment. The Common Sense Institute estimated the relocation would cost Colorado 724 jobs, $106 million in annual gross domestic product, and $178 million in output. It is proof that Colorado’s Democrat-controlled policy environment is no longer merely alienating legacy industries. It is driving them from the state.

The new wave of socialist Democrats is apparently just fine with that. Asked by a local journalist if she was disappointed to see Palantir leave, Kiros said she was “excited to see them leave” and added that she hoped Lockheed Martin and Suncor would leave too. Lockheed Martin employs more than 14,000 people in Colorado, while Suncor says its Commerce City refinery supports 5,000 direct and indirect jobs. This is the kind of large employment base most elected officials try to protect, not frighten away.

SECURING THE BORDER JUST BECAME MORE IMPORTANT

Kiros’s biography reflects the new politics reshaping Colorado. Raised in Denver after her family immigrated from Ethiopia, she later followed the path of progressive legal professionals through law school and a New York law firm before returning to Colorado politics. Colorado has always been a magnet for ambitious young people, but the newest wave has helped turn the state sharply left. The result is a state that is more expensive, more regulated, and less hospitable to employers.

Colorado’s story should be a warning to other once-purple states. Low taxes, light regulation, and openness to business are easy to take for granted until they are gone. Colorado can continue down the path of California-style leftism, but it should not be surprised when companies, jobs, and families that once fueled its growth choose to go somewhere else.

Related Content