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Colorado boosted with Coors' input.

Colorado boosted with Coors' input

Adolph Coors Co. annually pumps more than $928 million of economic vitality into the Colorado economy, according to a recently-released study.

The economic impact--which equates to more than $700 for each of the state's 1.3 million households--is derived from taxes, retail sales, capital spending, company purchases and other sources.

Utilizing 1990 data, the study concluded that an estimated 28,000 jobs in Colorado depend on Coors. The economic base created and maintained by the company in the state is large enough to provide full employment for a city with a population of more than 50,000.

In 1990, the study reported, Coors contribution to Colorado's economy included: $505 million in retail sales; $105 million in taxes; $223 million in company purchases; $65 million in capital spending; and employees' personal savings of $30 million.

Coors officials noted that it has such a large impact on Colorado because its headquarters and 12 of the company's 35 facilities nationwide are based in the state, as are 8,000 of its 11,700 employees.
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Title Annotation:Adolph Coors Co.
Publication:Modern Brewery Age
Date:Dec 9, 1991
Words:176
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