Sandia Labs releases economic impact report
Feb. 25, 2014
ALBUQUERQUE, N.M. (AP) — Sandia National Laboratories says it spent about $975 million dollars on goods and services during the last fiscal year, and more than 40 percent of that went to New Mexico businesses.
The federal lab released its annual economic impact report Monday.
One of Sandia's managers, Don Devoti, says 2013 was a challenging year for the national economy and for small businesses in New Mexico. Still, he says Sandia's spending was up $79 million.
Lab officials say models suggest the effect Sandia has on New Mexico's economy could be about three times the total amount it spends on purchases and salaries.
The report also shows nearly $60 million went to the state of New Mexico for gross receipts taxes and more than $70 million was spent through procurement card purchases.