ALBUQUERQUE, N.M. — Sandia National Laboratories’ impact on the State of New Mexico will be the focus of the Labs’ first-ever Economic Impact Summit scheduled for 1:30 p.m. Thursday at the Albuquerque Convention Center, East Building, San Miguel Room.
The purpose of the summit is to enhance the partnership between Sandia and the greater Albuquerque business and civic communities through public awareness and dialogue regarding the effect Sandia has on the New Mexico economy, which is believed to be about three times the total amount it spends on purchases and salaries. The afternoon event will be highlighted by the release of the 2008 Sandia Economic Impact on the State of New Mexico brochure.
About 150 business, education and civic leaders along with elected and government officials, and representatives from Sandia are expected to attend.
The event begins with networking from 1-1:30 p.m., followed by welcome by Matthew J. O’Brien, Sandia’s chief financial officer and vice president of business operations. Summit host is Carol Yarnall, director of Sandia’s Supply Chain Management Center. As part of the summit, a panel will review the various aspects of the brochure. Panelists and topics include:
• Karen Gillings, director of Sandia’s Human Resources Center — FY08 human resources issues addressed in the brochure
• Jackie Kerby Moore, manager of Sandia’s Technology & Economic Development Department — the New Mexico Small Business Assistance Program and the Sandia Science & Technology Park
• George Friberg, senior director of the Technology Ventures Corporation (TVC) — FY08 TVC activities
• Bruce McClure, manager of Sandia’s Community Involvement Department — Sandia’s United Way donations, community involvement and employee and retiree volunteer efforts
Additional agenda items include a description of Sandia’s Procurement Center, release and review of Sandia’s 2008 Small Business & Socio-Economic Report and small business success stories at Sandia.
Event cosponsors are the City of Albuquerque and Mayor Martin Chavez, the Greater Albuquerque Chamber of Commerce, the American Indian Chamber of Commerce of New Mexico, the Albuquerque Hispano Chamber of Commerce and the African-American Chamber of Commerce of New Mexico.
A sneak peak at the FY08 Sandia Economic Impact
Sandia employed 9,137 regular and temporary employees of which 8,158 worked at the New Mexico site.
Sadia maintains a diverse workforce. At the New Mexico site, the workforce was comprised of 68 percent men, 32 percent women and 30 percent minorities.
Last year Sandia spent nearly $1.02 billion on labor and non-contract-related payments, nearly $71 million on procurement card purchases, more than $54 million on the New Mexico Corporate Tax, and nearly $987 million on contract related payments.
Last year Sandia had contracts with many small businesses. Here is a breakdown of Sandia’s FY08 contract related payments made to specific socio-economic business categories:
- $59.7 million to women-owned small businesses
- $32.2 million to small disadvantaged businesses
- $12.1 million to veteran-owned small businesses
- $2.2 million to service disabled veteran-owned small businesses