Colorado plastics executive Noel Ginsburg is dropping out of the governor's race in his home state, citing a lack of fundraising to be competitive.
Ginsburg, the CEO of Denver-based Intertech Plastics Inc. and CEO of the youth apprenticeship program Careerwise Colorado, entered the Democratic primary for Colorado governor in late 2016 but dropped out March 20.
"I don't believe I have the resources to be fully competitive," Ginsburg told the Denver Post.
The paper said Ginsburg pushed back against some of the proposals from other candidates in the Democratic primary, such as full-day kindergarten or having the state's electric grid run on 100 percent renewables, calling them impractical.
"The proposals we make shouldn't be made on what is vote-getting, it should be based on what is possible," he said.
An online news source, The Colorado Independent, said Ginsburg raised about $800,000, and added some of his personal funds, but that he was dwarfed by fundraising by other candidates in the Democratic field. It was the plastics executive's first run for public office.
"If I had $1 million that I could put on TV and the type of communications [needed], I'd be in this race because my message does resonate," he told the media outlet. "The problem is I don't have the resources to get it out in a way that would allow me to compete."
He said he planned to stay involved in politics and said this race has helped him "understand more of what's necessary" to mount a viable campaign.