Study: University of New Mexico adds $3B in economic output
ALBUQUERQUE, N.M. (AP) — Research shows the University of New Mexico is responsible for nearly 25,000 jobs, $3.5 billion in annual employee compensation and another $3 billion in economic output.
A study released Tuesday looked at operations, student expenditures, alumni productivity and technology transfer during the past fiscal year. University officials say the study marked the first of its kind to quantify the economic contributions of the entire university system.
The system is made up of the Albuquerque main campus and Health Sciences Center along with branch campuses in Taos, Valencia County, Los Alamos and Gallup.
The report was commissioned by STC.UNM, the university’s technology-transfer and economic-development organization.
University President Garnett Stokes says learning and discovery missions that are central to universities like UNM are also interconnected to the mission of driving economic and social prosperity.