BRD Study Shows NREL Boosted State Economy
Article
North American Wind Power
February 15, 2011
An analysis by the University of Colorado shows that the U.S. Department of Energy’s National Renewable Energy Laboratory (NREL) in Colorado is a $714 million annual boost to the state's economy.
The presence of the U.S. Department of Energy’s National Renewable Energy Laboratory (NREL) in Colorado is a $714 million annual boost to the state's economy, according to data compiled in a soon-to-be-released analysis by the University of Colorado.
The examination of NREL’s economic impact on Colorado by the Business Research Division of the University of Colorado’s Leeds School of Business used the Insight Colorado Model to quantify the economic and fiscal impacts of NREL. Economic benefits refer to dollars generated and distributed throughout the economy due to the existence of an establishment.