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Unformatted text preview: ucts, which
posted its second-consecutive year of growth and
added about 300 jobs. Plastics and rubber products will continue to grow in 2012, adding 300
more jobs. Most of the other nondurable goods
industries are expected to remain stable in 2012.
This includes the largest other nondurable goods
subsector, chemical manufacturing. With 5,700
employees in 2011, Colorado’s chemical manufacturing companies have been challenged by tight
access to capital—bioscience venture capital has
decreased by about 40% in the past three years—
and a burdensome FDA approval process. Other
nondurables goods employment is expected to
increase slightly in 2012, to 15,000 workers. Durable Goods
About 65% of the employment in the Manufacturing Sector is found in durable goods industries.
Durable goods manufacturing includes the production of goods lasting longer than one year, such
as nonmetallic minerals, fabricated metals, computer and electronics, transportation equipment,
and other durable goods. Employment in durable
goods manufacturing grew 2.6% in 2011, the first
increase in Colorado since 2000. However, slowing
economic activity will contribute to a 1.7% de...
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