Colorado
Colorado
In the development of new medicines, clinical trials are conducted to prove therapeutic safety and effectiveness and compile the evidence needed for the Food and Drug Administration (FDA) to approve treatments. And the biopharmaceutical sector is committed to bringing new treatments and cures to patients. This commitment to innovation supports high-quality jobs and is a vital part of every state’s economy and our global economic competitiveness.
In Your State
Economic Impact In Your State: Colorado
Economic Impact
$23.4B
Total output supported by biopharmaceutical sector
$1.6B
Tax Revenue Generated
79,217
Total Jobs
14,703
Direct Jobs
847
Total Clinical Trials
$237.5 million
Invested in Clinical Trials
14,947
Total Economic Impact of Clinical Trial Investments
$706.9 million
Invested in Clinical Trials
Programs and Initiatives in Your State: Colorado
State programs and initiatives to promote biopharmaceutical industry development
- Accelerating Innovation, Commercialization & Entrepreneurial Development
- Building Advanced Manufacturing
- Building Research Capacity and/or R&D Infrastructure
- Economic Innovation Incentives
- STEM Education & Workforce Development
- Targeted Strategies
- Venture Financing
Programs and Initiatives
16
Patents per 1,000 people in Science & Engineering
Percentage of Workforce Employed in High-Tech Jobs