Bioscience is a growing industry in Colorado with
more and more good-paying jobs
In 2003, Colorado committed to making the biosciences a key driver of the state’s economy. That commitment has led to a large and growing bioscience industry that’s producing jobs and creating family-sustaining wages — and not just for scientists.
Bioscience job growth in Colorado — up 11 percent from 2007-12, according to a 2014 Battelle/Bio study — has opened up positions at all points in the industry, including: sales and marketing, quality control, infrastructure maintenance, information technology, human resources, and research and development. Education and training requirements vary greatly depending on the job, the company’s size and the industry sector.
While many of these positions do require four-year degrees, an increasing number of the jobs now require two-year degrees or even a high school diploma and training, according to the Biotechnology Institute, founded by the Biotechnology Innovation Organization (BIO) to bridge the knowledge gap about the life sciences between the general public and biotechnology community.
The industry’s arms are wide open in Colorado. The number of bioscience industry establishments hit 1,589 in 2012, a 5.4 percent growth since 2007. And, perhaps best of all, the average annual wage in 2012 was $83,994, up 4.8 percent since 2007, according to the Battelle/BIO study.
Colorado has built a supportive ecosystem in the bioscience industry that helps ideas and small companies grow, innovate and bring commercially viable products to market. And that support and growth is not confined to the development of potentially life-saving drugs. Device, diagnostic and therapeutic products created in Colorado also have made a significant economic impact, generating more than $10 billion in the state’s economy each year, according to the Colorado BioScience Association. In addition, more than 75 acquisitions, financings and grants, totaling just under $4 billion, were reported within the 2014 calendar year, further developing the industry’s ecosystem.
If you’re in high school or already in college and interested in the biosciences — or know a student who would be interested — check with the school’s career office for job shadowing, internship opportunities and additional educational programs. People already in the workforce can check out the biotechnology offerings and trainings at your local community college.
Bioscience in Colorado truly is driving innovation, creating jobs with family-sustaining wages and saving lives. Regardless of your age or education level, you can play a part in the field. Consider becoming a part of it.
To learn even more, please visit:
Colorado BioScience on Facebook and Twitter @cobioscience
Biotechnology Innovation Organization on Facebook and Twitter @IAmBiotech
Also, you can find information on what the biotechnology industry is doing to find new treatments and therapies at www.discoveringcurescoalition.