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An Economic Asset for Colorado
As a premier pharmaceutical research, development and manufacturing facility, Roche Colorado is a valuable economic asset for the State of Colorado. The cumulative economic impact from Roche Colorado in 2005 was over $61.7 million. Everyone, from Roche Colorado employees and contractors to state and local governments, share in the economic benefits of our presence here in Colorado.
Roche Colorado Workforce Expenditures
Workforce Education
Roche Colorado presently employs a workforce of over 371 men and women. It also is a highly educated workforce, with 41 percent college graduates and 12 percent having attained doctoral degrees.
In order to attract and retain the highest quality professionals, Roche Colorado provides each of its employees with a generous compensation and benefits package. The average annual salary for a Roche Colorado employee is $66,806. This ranges from an average salary of $64,000 for our manufacturing personnel to $91,000 for our chemists.
Workforce Wages
In total, the 2005 workforce payroll for Roche Colorado was $28.1 million. Roche Colorado also paid $10.4 million in employee benefits, including comprehensive health care coverage and retirement programs.
In addition to our internal workforce expenses, Roche Colorado had a budget of $3.1 million in 2005 for contract service expenses.
Roche Colorado Capital Investments
The high technology research and manufacturing work Roche Colorado performs demands that we continually invest in sophisticated equipment and facilities. This includes significant capital investments that enable us to produce the world's most complex pharmaceutical compounds.
In all, Roche Colorado's 2005 capital investment budget was $9.6 million. This included equipment purchases as well as third-party engineering and construction expenses. Over the past five years, the annual capital investment at Roche Colorado has exceeded $25 million.
Another significant expense for Roche Colorado is supplies. Most critically, this entails the raw materials for producing pharmaceutical products. In total, Roche Colorado purchased over $5.8 million of supplies in 2005. It is estimated that between $2 million and $4 million of these supplies came directly from Colorado companies.
Roche Colorado Tax Payments
2005 Total Economic Impact:
$61.7 Million
With all of its capital investments, equipment purchases, supply orders and workforce expenses, Roche Colorado bears a significant tax load. In all, Roche Colorado paid over $4.7 million in 2005 state and local taxes.
Roche Colorado Charitable Activities
Roche Colorado is committed to serving as a model corporate citizen. Meeting this goal entails operating our facility safely and in an environmentally sustainable manner.
Further, Roche Colorado recognizes that it must make direct contributions toward helping to meet community needs. To this end, Roche Colorado employees contribute hundreds of work hours toward local philanthropic and education initiatives.
Roche Colorado also makes direct financial contributions to non-profit organizations and cultural institutions in our community. These contributions support such important human service agencies as United Way, with Roche Colorado matching one-for-one every dollar that our employees contribute during the annual United Way pledge campaign.
