Washington D.C. - A recently completed economic impact study of the Colorado defense sector shows Department of Defense (DoD) and corresponding activities produce a $36.6 billion economic impact on Colorado's economy.  The data shows the state's defense sector is a significant economic driver, especially in smaller counties across the state. Employment and incomes, sales, and tax revenues are all enhanced by DoD activities, especially when factoring income from military retiree and veteran pensions and compensation. Upon release of the report, Congressman Lamborn, a senior Member of the Armed Services Committee, issued the following statement:

"As this report proves, there can be no doubt that communities across Colorado gain a tremendous amount of benefits from the state's robust defense sector. Thanks to the appeal of our community and the welcoming, patriotic nature of our residents, we have been able to attract many different units, missions, and defense-related companies - in fact, Colorado Springs is one of the most-requested duty stations in the military. Many come to Colorado for a defense-related job, and, upon retiring, remain as a valued member of our community where their benefits continue driving the economy. And the fact so many of our Military missions and Defense-related industries are in forward-looking and growing technologies such as Space, Cyber, Missile Defense, Artificial Intelligence, Manufacturing, and Nano-Technology bodes well for the future of this sector in Colorado. The economic impact of defense spending has diversified our culture and our economy, bringing us professional, skilled, service-oriented men and women. It brings us good-paying job opportunities, in and out of uniform, which have driven cutting edge programs in our universities, healthcare industry, and created cross-industry synergies throughout the state.  As this report shows, our defense sector benefits all Coloradans."

Please find the study linked HERE.