Colorado’s Bioscience Discovery Evaluation Grant Program has created 598 jobs in the state, with payroll exceeding $44 million, according to the Colorado BioScience Association and the Colorado Office of Economic Development and International Trade.
Appropriated funding to date for the program 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, said Holli Baumunk, the association’s president and chief executive.
Another $68 million has been leveraged through follow-on investment, grants and matching funds, providing 8.3 times the state’s funding, Baumunk said.
“Bioscience continues to play a critical role in the growth of Colorado’s knowledge-based economy,” Baumunk said.
