Bioscience in Colorado

The 14,000 foot view of Colorado Bioscience is pretty amazing—home to over 600 bioscience companies, top research institutions and venture capital investment—the climate is perfect for collaboration and growth. On the ground, Colorado has some of the most educated, driven and healthy people in the country.  It is THE place for success.

Colorado Bioscience grew 1.8% from 2009 to 2010, compared to a 2.4% decline nationwide.

Colorado employs 20,000 people in the bioscience industry, creating 100,000 direct and indirect jobs, translating into $7 billion in payroll.*

Over 600 bioscience companies are located in Colorado including biotechnology, medical device, diagnostic, agricultural-bio, and pharmaceutical companies.*

Average annual wage is $74,161.*
 
Colorado research institutions spin out 20 new bioscience companies each year on average collectively.

Colorado’s medical device sector is the sixth-largest in the nation.

The State’s $56 million Bioscience Discovery Evaluation Grant Program awards funding for emerging and early stage companies and commercialization infrastructure, a nationally recognized model of innovative state life science economic development legislation.

Colorado ranks second in Small Business Innovative Research (SBIR) grants.
 -Toward a More Competitive Colorado, Sixth Edition Metro Denver EDC

The Denver market ranks 12th as a top emerging life science cluster in the U.S.
 -Jones Lang LaSalle, 2011 Global Life Sciences Cluster Report

Colorado ranks 10th among the nation’s best tax climates for small businesses and entrepreneurs.
 -*Metro Denver EDC Bioscience Colorado Industry Cluster Profile  

 

More Rankings 2011

Colorado ranked 3rd for economic competitiveness
Among the 50 states in the Beacon Hill Institute’s latest State Competitiveness Report 2011
The Beacon Hill Institute Colorado No. 2 in 2010, and No. 6 in 2009. The latest report calls it one of a handful of “perennially successful states.”  

Forbes rates Colorado 5th-best state for business 2011
Forbes report on the best states for business

Colorado was ranked ninth in the nation in the annual Small Business Survival Index by the Small Business & Entrepreneurship Council 2011

CNBC rated Colorado the nation’s fifth-best state for business, following Virginia, Texas, North Carolina and Georgia 2011