Thursday, February 03, 2011

Colorado's Bioscience Discovery Evaluation Grant Program Creates 598 New Jobs in the State, with Payroll Exceeding $44 million

The Colorado BioScience Association (CBSA) and The Colorado Office of Economic Development and International Trade (OEDIT) have jointly released results of the Bioscience Discovery Evaluation Grant Program (BDEGP) at the CBSA's Third Annual "Bioscience Day at the Capitol" event. The announcement is made by Holli Baumunk, CBSA President & CEO, who says the BDEGP has more than met expectations since its inception in 2006, providing the state a significant return on investment.

Baumunk explains: "Appropriated funding to date for the BDEGP has totaled $14 million; $10.8 million has been awarded as of August 2010, and $5.5 million has been appropriated for each of the next two years. The program has created 598 direct and indirect jobs in the state, resulting in a payroll of more than $44 million. Another $68 million has been leveraged through follow-on investment, grants and matching funds, providing 8.3 times the state’s funding."

Link to the Business Wire release

Link to BDEGP Overview

Link to pdf of the complete report

No comments:

Post a Comment