ALBUQUERQUE, N.M. — To say that the technology and products Sandia National Laboratories researchers have helped imagine, innovate and industrialize have had a massive impact on the country would be an understatement. Two studies commissioned by Sandia and the National Nuclear Security Administration show Sandia’s work has had an overall economic impact of $140 billion […]
Tag Archives: economic impact
Invitation: Sandia Labs’ 20-year economic impact announcement
March 27, 2024 – 5:00 am
ALBUQUERQUE, N.M. — To say that the technology and products that Sandia National Laboratories researchers have helped imagine, innovate and industrialize have had a massive impact on the country would be an understatement. Two studies commissioned by Sandia and the National Nuclear Security Administration show Sandia’s work has had a staggering $140 billion economic impact […]
Invitation: 2023 Sandia economic impact marks biggest ever
January 8, 2024 – 10:00 am
ALBUQUERQUE, N.M. — Sandia National Laboratories’ economic impact for fiscal year 2023 reached an all-time high of nearly $4.8 billion, surpassing the previous year by $559 million. That impact is evident in the 1,200 new jobs added in the last year, the $114 million in gross receipts taxes paid to the state of New Mexico, […]
Sandia Science & Tech Park continues to strengthen economy
August 10, 2022 – 5:00 am
ALBUQUERQUE, N.M. — A new, independent report concluded that the Sandia Science & Technology Park continues to be a major contributor to Albuquerque’s regional economy. Since it was established in 1998, companies and organizations in the research park have paid nearly $7.2 billion in wages and generated more than $4 billion in taxable personal consumption, […]
Economic impact: Sandia spends $3.9B, exceeds small-business goals
January 12, 2022 – 5:00 am
ALBUQUERQUE, N.M. — Supporting a growing workforce and a wide range of businesses, Sandia National Laboratories contributed an all-time high of $3.9 billion into the economy during fiscal year 2021. This is about $139 million over the previous fiscal year. The spending includes labor, subcontracts, purchases and other expenditures. “We are proud of the story […]
CRADAs, licenses lead to billions in economic impact since 2000
April 15, 2021 – 10:32 am
ALBUQUERQUE, N.M. — Cooperative Research and Development Agreements and patent license agreements between Sandia National Laboratories and outside partners led to billions in economic impact and supported tens of thousands of high-paying jobs every year for the last two decades, according to a recent study on national economic contributions. CRADAs and licenses signed with 223 […]
Economic Impact: Sandia Labs injects $3.76B into economy
January 27, 2021 – 5:00 am
ALBUQUERQUE, N.M. — Driven by the purchasing of goods and services and payroll, Sandia National Laboratories injected an all-time high of more than $3.76 billion into the economy in fiscal year 2020. “It’s no secret that the second half of the year was tough on a lot of people and businesses, especially smaller companies, which […]
Sandia Science & Tech Park spurs economic growth
August 12, 2020 – 5:00 am
ALBUQUERQUE, N.M. — A new, independent report has concluded that the Sandia Science & Technology Park contributed significantly to the local economy in 2018-19 by adding 310 jobs and generating increases in economic activity and tax revenue to the city and New Mexico. The report by the Mid-Region Council of Governments presents the park’s economic […]
Economic Impact: Sandia Labs spends $3.68B
January 15, 2020 – 12:02 pm
ALBUQUERQUE, N.M. — Sandia National Laboratories pumped an all-time high of nearly $3.68 billion into the economy in fiscal year 2019 by spending on goods, services, payroll, taxes and other payments, Labs Director James Peery announced today. “Sandia is proud of the past success but will not rest,” Peery said. “We will keep building on […]
Sandia Labs spending tops $1 billion on goods and services, economic impact booms in FY18
January 17, 2019 – 9:54 am
ALBUQUERQUE, N.M. — Sandia National Laboratories spent nearly $1.3 billion on goods and services in fiscal year 2018, with spending on New Mexico companies up by $55 million compared to the previous year, according to the labs’ latest economic impact report. “We had a really good year and topping $1 billion with nearly half a […]
Sandia Science & Technology Park celebrates 20 years, announces positive economic impact
August 24, 2018 – 10:45 am
ALBUQUERQUE, N.M. — The Sandia Science & Technology Park, home to 26 buildings, 47 companies and organizations and more than 2,050 jobs celebrated its 20th anniversary Friday and highlighted the park’s economic impact through 2017. Sandia National Laboratories Director Steve Younger joined Albuquerque Mayor Tim Keller at SolAero Technologies Corp. to release findings of a […]
Small, NM businesses key factor in Sandia’s 2017 economic impact
January 10, 2018 – 9:05 am
ALBUQUERQUE, N.M. — Sandia National Laboratories increased its spending with small companies in New Mexico and nationwide in fiscal year 2017, according to the labs’ latest economic impact report. “These annual numbers show that Sandia continues to make a positive impact on the New Mexico and national economies, particularly through utilization of small businesses,” said […]
NM construction companies awarded $135 million in Sandia contracts
May 25, 2017 – 5:00 am
ALBUQUERQUE, N.M. — Fourteen New Mexico companies, most of them small businesses, have been chosen to provide about $135 million in general, electrical, mechanical and civil construction work at Sandia National Laboratories. The companies are subcontractors for the labs and will compete for individual construction projects as they occur, said Krista Smith, senior manager of […]
Sandia’s solar glitter closer to market with new licensing agreement
January 31, 2017 – 5:00 am
ALBUQUERQUE, N.M. — An Albuquerque company founded by a Sandia National Laboratories scientist-turned-entrepreneur has received a license for a “home-grown” technology that could revolutionize the way solar energy is collected and used. The licensing agreement was signed Jan. 23 between mPower Technology Inc. and Sandia for microsystems enabled photovoltaics (MEPV). “This is an important milestone,” […]
Small, NM businesses key factor in Sandia’s 2016 economic impact
January 12, 2017 – 5:00 am
ALBUQUERQUE, N.M. — Sandia National Laboratories spent more than $1 billion on goods and services in fiscal year 2016, up more than $56 million from the previous year, and New Mexico businesses received more than $381 million, or 37 percent of the total, according to the labs’ latest economic impact report. U.S. small businesses received […]