Research: Economic Engine and Medical move.
Position | A Special Research Report Prepared for Commerce Bank - Colorado Bioscience Park Aurora and access to University of Colorado Health Sciences Center - Brief Article |
Great things often happen when medical researchers have plenty of room to experiment in laboratories that are located near a major academic medical center. Such logistics are hard to find in this day and age, but Fitzsimons will be one of the few in the United States where top-notch facilities will be readily available.
Researchers will be within walking distance of the University of Colorado's health education programs and enjoy collaborating with some of the country's top health care professionals. Moreover, researchers at private biotech firms located in Colorado Bioscience Park Aurora will have access to the same extraordinary resources and networking. Ultimately, patients will benefit greatly from the dynamic interaction between scientists and medical professionals.
During the past 10 years, the University of Colorado Health Sciences Center has intensified its emphasis on research. As such, federal grants and contracts have increased dramatically from $74 million a decade ago to $200 million today, and that number is growing. For every additional $1 million in grants that UCHSC receives, 37 new jobs are created in Colorado, according to the U.S. Department of Commerce.
As research dollars and the job market grow, so does the interest in the private sector. According to national research, the No. 1 factor in the success of biotechnology firms...
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