News Release: CO-LABS Releases Economic Impact Study of Federal Research Laboratories
March 31, 2011
Today, CO-LABS released the broader economic Impact Study of federal research laboratories
in Colorado including data referenced by the U.S. Department of Energy’s National
Renewable Energy Laboratory (NREL) in February. NREL’s impact on Colorado’s economy tripled in just three years boosting Colorado’s annual economy $714 million, according
to the study prepared by the University of Colorado.
Together the federal laboratories in Colorado with their affiliates contributed $1.5
billion to the state economy in fiscal year 2010, and accounted for more than 16,000
direct and indirect jobs. The $1.5 billion impact is a 36% increase over the $1.1
billion impact for fiscal year 2007, when the last conducted survey and analysis were
completed. The full study and news release are available at www.co-labs.org
CO-LABS, a consortium of federally-funded scientific laboratories, universities, businesses,
local governments, and community leaders, was organized to establish Colorado as a
global leader in research, technology innovation, and commercialization.