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NREL's economic benefit to Colorado totals $814.8 million in FY 2012
Date:2/27/2013

itures excluding salaries, benefits, construction, rents and other categories in FY 2012, about 90 percent remained within the state of Colorado, and 30 percent remained in Jefferson County.

For Jefferson County, the $274.6 million economic impact from NREL down 4.9 percent from 2011 was derived from operations, employment, one-time expenditures on construction, and spending by visitors.

Total salary compensation for NREL's employees was $192.7 million, down 3.1% from the year before. Of the staff, 68% were involved in core research and development occupations such as engineers, scientists, analysts, postdoctoral researchers, and IT professionals. Thirty-two percent were employed in business support operations in such areas as human resources, budgeting, administration, communications and legal.

The Alliance for Sustainable Energy, LLC, which manages and operates NREL for the U.S. Department of Energy, asked the Business Research Division of the Leeds School of Business at CU to measure objectively the economic and fiscal impacts of the lab for FY 2012. The study is online at http://www.nrel.gov/news/pdfs/nrel_report_january_2013.pdf

The study's authors looked at several factors: economic benefits, public costs, capital expenditures, operating expenditures, and secondary or multiplier effects in coming up with the final economic impact number. Among the findings:

NREL had approximately 13,730 visitors in FY 2012. The 2,400 overnight visitors stayed an average of 1.9 nights and each spent an average of more than $400, a boost of almost $1 million to the local accommodations and food-service industry. More than 1,900 people attended NREL forums in FY 2012, and more than 1,000 attended NREL workshops. In addition, in FY 2012, NREL sponsored 20 events of the World Renewable Energy Forum, which brought thousands of scientists from around the
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Contact: David Glickson
david.glickson@nrel.gov
303-275-4097
DOE/National Renewable Energy Laboratory
Source:Eurekalert

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