New Data Shows Colorado’s BioScience Industry Outpaced National Growth Since 2001 and Continued Adding Jobs Overall Since 2007
Quoting New Battelle/BIO Report: "Colorado’s bioscience industry is large and has outpaced national growth since 2001 by continuing to add jobs overall since 2007. Its companies employ nearly 27,000 with the large and highly specialized state medical device and equipment subsector growing by 16 percent since 2001. Job growth in research, testing, and medical labs has also driven overall sector growth since 2001."
Denver, CO, July 08, 2012 --(PR.com)-- Colorado now ranks in the second tier of Bioscience States, out of five tiers, and is only one of three states that grew more than 1,000 new jobs in its Medical Device sector. The announcement is made by Holli Riebel, President and CEO of the Colorado BioScience Association (CBSA), who references Battelle/BIO industry data released last week in Boston: “Further, in the Medical Device sector, our state showed over 16.1% growth in employment from 2001-2010; 14.7% from 2007- 2010."
According to the new data, the number of Colorado's Medical Device establishments grew by 19.5% since 2001. Other areas of growth were Ag-bio which grew 46.9% in employment from 2001-2010 and 28.6% from 07-2010. Research and Testing in Colorado also grew at 1.9% from 2007-2010. Drugs and Pharmaceuticals declined by .5% from 01-2010 but at a slower rate nationally which declined at 3.1%. From 07-10 Colorado declined in this sector by 5.5% but again at a slower decline than the national rate of -7%.
In total, Colorado's Bioscience Industry grew 4.6% in employment from 2007-2010 to nearly 27,000 total jobs, compared to a national decline in jobs in the industry by -1.4% in the same period, and a -6.8% decline in employment in the private sector nationally.
The "Battelle/BIO State Bioscience Industry Development 2012" report was released at the BIO International Convention in Boston. The Project Team assembling the information included Battelle, the world’s largest nonprofit independent research and development organization; BIO—Biotechnology Industry Organization—representing more than 1,100 biotechnology companies, academic institutions, state biotechnology centers and related organizations across the United States and in more than 30 other nations; and PMP Public Affairs Consulting, Inc., an independent consulting firm serving the public and constituent relations needs of bioscience-related companies and associations.
The full report is available at http://www.bio.org/sites/default/files/v3battelle-bio_2012_industry_development.pdf - the Colorado specific pages are 56 and 57.
Growth Continues in 2012
Colorado's robust Bioscience Industry, as exemplified by the report, is further demonstrated with these local company expansions announced to-date in 2012:
Bal Seal Engineering - June 2012
AlloSource - May 2012
Covidien PLC - March 2012
DaVita - January 2012
DaVita Clinical Research - July 2012
In addition to specific companies, Colorado is also expanding its industry infrastructure. The Fitzsimons Redevelopment Authority will open its new 37,000 square-foot Accelerator building at the Bioscience Park Center in July. The original Incubator building opened in 2000 and now houses 35 companies in different stages of development. The expansion will enable companies to move into larger, long-term space. The new space includes:
* Built-to-suit spaces with access to incubator services and amenities
* World class resources at your finger tips
* Collaborative environment with complimentary business and networking opportunities
The Park is designed to foster a collaborative environment—by having established companies in close proximity to incubator startups will further promote an essential atmosphere that makes the Colorado Science & Technology Park at Fitzsimons an important hub in the overall growth of Colorado’s bioscience industry.
“These elements together with over 600 bioscience companies, led by the best in the industry, generate a critical mass that really puts Colorado on the map. We're proud to announce our industry achievements and create a dialog with investors and partners that Colorado is a great place for bioscience," Riebel explains.
About Colorado BioScience Association
CBSA is a not-for-profit organization providing services and support for Colorado's bioscience industry. With more than 350 members, CBSA actively works to promote the growth of the industry by advocating for a better business environment, growing the state's biotech workforce, fighting for policies that support a strong bioscience industry in the state, and speaking with a single voice on behalf of the industry. For more information, visit http://www.cobioscience.com
CBSA also is found on these social media sites:
Twitter: http://www.twitter.com/COBioscience
LinkedIn Group: http://www.linkedin.com/groups?about=&gid=98468&trk=anet_ug_grppro
Facebook Fan Page: http://www.facebook.com/ColoradoBioScienceAssociation
News Feed: http://coloradobio.blogspot.com
YouTube Channel: http://www.youtube.com/COBioscience
Pinterest: http://pinterest.com/COBioscience
Contacts:
Mae Desaire, Director of Marketing, Colorado BioScience Association - http://www.cobioscience.com – 720-382-5918, mdesaire@cobioscience.com
Maggie Chamberlin Holben, APR, Absolutely PR – http://www.absolutelypr.com – 303-984-9801, maggie@absolutelypr.com
According to the new data, the number of Colorado's Medical Device establishments grew by 19.5% since 2001. Other areas of growth were Ag-bio which grew 46.9% in employment from 2001-2010 and 28.6% from 07-2010. Research and Testing in Colorado also grew at 1.9% from 2007-2010. Drugs and Pharmaceuticals declined by .5% from 01-2010 but at a slower rate nationally which declined at 3.1%. From 07-10 Colorado declined in this sector by 5.5% but again at a slower decline than the national rate of -7%.
In total, Colorado's Bioscience Industry grew 4.6% in employment from 2007-2010 to nearly 27,000 total jobs, compared to a national decline in jobs in the industry by -1.4% in the same period, and a -6.8% decline in employment in the private sector nationally.
The "Battelle/BIO State Bioscience Industry Development 2012" report was released at the BIO International Convention in Boston. The Project Team assembling the information included Battelle, the world’s largest nonprofit independent research and development organization; BIO—Biotechnology Industry Organization—representing more than 1,100 biotechnology companies, academic institutions, state biotechnology centers and related organizations across the United States and in more than 30 other nations; and PMP Public Affairs Consulting, Inc., an independent consulting firm serving the public and constituent relations needs of bioscience-related companies and associations.
The full report is available at http://www.bio.org/sites/default/files/v3battelle-bio_2012_industry_development.pdf - the Colorado specific pages are 56 and 57.
Growth Continues in 2012
Colorado's robust Bioscience Industry, as exemplified by the report, is further demonstrated with these local company expansions announced to-date in 2012:
Bal Seal Engineering - June 2012
AlloSource - May 2012
Covidien PLC - March 2012
DaVita - January 2012
DaVita Clinical Research - July 2012
In addition to specific companies, Colorado is also expanding its industry infrastructure. The Fitzsimons Redevelopment Authority will open its new 37,000 square-foot Accelerator building at the Bioscience Park Center in July. The original Incubator building opened in 2000 and now houses 35 companies in different stages of development. The expansion will enable companies to move into larger, long-term space. The new space includes:
* Built-to-suit spaces with access to incubator services and amenities
* World class resources at your finger tips
* Collaborative environment with complimentary business and networking opportunities
The Park is designed to foster a collaborative environment—by having established companies in close proximity to incubator startups will further promote an essential atmosphere that makes the Colorado Science & Technology Park at Fitzsimons an important hub in the overall growth of Colorado’s bioscience industry.
“These elements together with over 600 bioscience companies, led by the best in the industry, generate a critical mass that really puts Colorado on the map. We're proud to announce our industry achievements and create a dialog with investors and partners that Colorado is a great place for bioscience," Riebel explains.
About Colorado BioScience Association
CBSA is a not-for-profit organization providing services and support for Colorado's bioscience industry. With more than 350 members, CBSA actively works to promote the growth of the industry by advocating for a better business environment, growing the state's biotech workforce, fighting for policies that support a strong bioscience industry in the state, and speaking with a single voice on behalf of the industry. For more information, visit http://www.cobioscience.com
CBSA also is found on these social media sites:
Twitter: http://www.twitter.com/COBioscience
LinkedIn Group: http://www.linkedin.com/groups?about=&gid=98468&trk=anet_ug_grppro
Facebook Fan Page: http://www.facebook.com/ColoradoBioScienceAssociation
News Feed: http://coloradobio.blogspot.com
YouTube Channel: http://www.youtube.com/COBioscience
Pinterest: http://pinterest.com/COBioscience
Contacts:
Mae Desaire, Director of Marketing, Colorado BioScience Association - http://www.cobioscience.com – 720-382-5918, mdesaire@cobioscience.com
Maggie Chamberlin Holben, APR, Absolutely PR – http://www.absolutelypr.com – 303-984-9801, maggie@absolutelypr.com
Contact
Colorado BioScience Association
Maggie Holben
303-984-9801
http://www.cobioscience.com
Maggie Holben
303-984-9801
http://www.cobioscience.com
Contact
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