ALBUQUERQUE, N.M. — For the first time, Sandia National Laboratories’ contributions to the economy have topped $4.2 billion in a fiscal year, supporting individuals, families and businesses at an unprecedented level. Total spending in fiscal year 2022, which ended Sept. 30, was $312 million more than the previous fiscal year. The spending includes labor, subcontracts, […]
Tag Archives: Technology Readiness Gross Receipts Tax Credit
Economic impact: Sandia Labs tops $4.2B in spending for first time, added 480 jobs in FY22
January 11, 2023 – 11:59 am
Cheers to five more years
April 14, 2022 – 5:00 am
ALBUQUERQUE, N.M. — An initiative that helps businesses transform New Mexico national laboratories’ technologies into viable products and services will continue driving innovations to market into 2027. Passed by the state legislature and signed into law by Gov. Michelle Lujan Grisham in March, the bill graduates the pilot Technology Readiness Gross Receipts Tax Credit Initiative into a […]
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 […]
NM companies may receive up to $150K in technical assistance
August 28, 2020 – 5:00 am
ALBUQUERQUE, N.M. — Eligible New Mexico companies can submit statements of intent to work with scientists and engineers at Sandia or Los Alamos national laboratories through a new program to advance technologies derived from the labs into market-ready products and services. The Technology Readiness Gross Receipts Tax Credit Initiative allows selected companies to receive up […]
From innovation to industry
March 16, 2020 – 2:31 pm
ALBUQUERQUE, N.M. — A recently signed New Mexico law enables Sandia and Los Alamos national laboratories to assist in turning transferred technology into viable products and services, which could boost innovation and create jobs, according to Sandia business development experts. The Technology Readiness Gross Receipts Tax Credit is a three-year pilot technology maturation program that […]