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With major Department of Defense and NASA research activities, Colorado is an emerging leader in national research and development that is at the forefront of the dual-use technology and innovation.
Dual-use can refer to any technology that can satisfy more than one goal at any given time. Thus, expensive technologies that would otherwise only serve military purposes can also be utilized to benefit civilian commercial interests when not otherwise engaged, such as the Global Positioning System (GPS).
| Basic Information | |
|---|---|
| 2010 Industry Jobs | 38,166 |
| 2020 Industry Jobs | 44,962 |
| Total Change | 6,796 |
| Total % Change | 17.81% |
| Current Average Earnings per Worker | $102,030 |
| Economic Indicators | |
|---|---|
| 2010 Location Quotient | 1.85 |
| 2020 Location Quotient | 1.81 |
| Shift Share: Regional Competitiveness Effect | -1,123 |
| Shift Share: Industrial Mix Effect | 2,958 |
| Description | 2010 Jobs | 2020 Jobs | Change | % Change | Current EPW |
|---|---|---|---|---|---|
| Regional Total | 38,166 | 44,962 | 6,796 | 18% | $102,030 |
| State Total | 177,900 | 198,670 | 20,770 | 12% | $93,689 |
| National Total | 8,067,167 | 9,420,450 | 1,353,283 | 17% | $86,397 |
Source: EMSI Complete Employment - 3rd Quarter 2010
Buckley Air Force Base in Aurora announced that its economic impact to the region is above $1billion for the seventh year in a row.