Boulder’s aerospace industry an economic boon | SummitDaily.com
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Boulder’s aerospace industry an economic boon

BOULDER ” University of Colorado economists say a booming aerospace industry in Boulder will help the city weather the recession.

Thousands of people are employed by aerospace companies in Boulder County, home to companies like Ball Aerospace and Lockheed Martin. Boulder Economic Council Executive Director Frances Draper said the industry is a big spender and job creator.

“The aerospace industry in general has a higher economic multiplier than a lot of other industries,” Draper said.

A 2004 study by CU’s Leeds School of Business showed that about 2,100 astronomers and aerospace engineers are employed in Boulder County but that only counted four of the largest companies.

Boulder also has federal labs like the National Oceanic and Atmospheric Administration and the National Center for Atmospheric Research, and there’s dozens of smaller high-tech companies as well.

“There’s a lot of very good things going on in (aerospace),” said Scott Tibbitts, who founded the aerospace company Starsys. “It’s more significant than anybody has any idea.”

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Information from: Daily Camera, http://www.dailycamera.com/


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