The National Institute of Standards and Technology (NIST) selected the Leeds School of Business to conduct a study of its operations in Gaithersburg, Maryland and Boulder, Colorado. The study found that NIST contributed $1.6 billion to the Maryland economy and $319 million to the Colorado economy in 2016, largely through employment impacts and purchase in the local supply chain. NIST, a part of the U.S. Department of Commerce, promotes scientific innovation by advancing measurement science and standards and has produced five Nobel laureates over the past two decades, including CU Boulder affiliates Eric Cornell (2001), Jan Hall (2005) and David Wineland (2012).