US Interior Department activities generated $8B for Colorado

State

FILE – In this Feb. 13, 2017 file photo, a petroleum industry storage tank borders a ranch, left, near a drilling rig, right, with the Front range of the Rocky Mountains rising up in the background, near Mead, Colo. (AP Photo/Brennan Linsley, file)

GRAND JUNCTION, Colo. (AP) — Activities managed by the U.S. Department of Interior resulted in about $8 billion contributed to Colorado’s gross domestic product during the 2018 federal fiscal year.

The contributions came primarily from energy and mineral development.

The Grand Junction Daily Sentinel reports that the Interior Department released a report Tuesday confirming the total economic output in the state resulting from department activities was more than $12 billion, the fourth-highest output nationwide.

Department officials say the increase from 2017 was largely driven by growth related to the energy and minerals sector.

Officials say that sector accounted for about $6 billion of GDP and about $9 billion in total economic output.

Officials say department activities supported about 66,000 jobs in Colorado last year.

Officials say payroll, major grants and payments, and grazing and timber were other economic contributors to the state.


Information from: The Daily Sentinel

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