Crossword Genius

State business then load or shift! (8)

Ross

I believe the answer is:

colorado

'state' is the definition.
(Colorado is an example)

'business then load or shift' is the wordplay.
'business' becomes 'co'.
'then' is a charade indicator (letters next to each other).
'shift' indicates an anagram.
'load'+'or'='loador'
'loador' with letters rearranged gives 'lorado'.
'co'+'lorado'='COLORADO'

(Other definitions for colorado that I've seen before include "US state in the Rocky Mountains" , "US state (with a beetle)" , "Denver's state" , "Boulder's state" , "US state has a strangely cool road" .)

I've seen this clue in The Telegraph.
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