Economic Impact
Park Metrics*
| Park Metrics | Results | |
|---|---|---|
| Number of Companies & Organizations | 40 | |
| Number of Employees | 2,155 | |
| Number of Buildings | 25 | |
| Available Space (out of 1.1 Million sq. ft.) | 48,986 | |
| Available Land (out of 340 acres) | 215 | |
| Funds-In and In-Kind Services to Sandia from Park Companies since 1998 | $17.8 M |
|
| Contracts from Sandia Procurement to Park Companies since 1998 | $459 M |
|
| Contracts between Park Companies since 1998 | $12.5 M |
|
| Public and Private Investment in the Park since 1998 | Public | $89 M |
| Private | $286.5 M |
|
| Total (Public and Private) | $375.5 M |
|
*Company and building data were updated in October 2015. Funds-In, contracts, and investment data were updated in December 2015.
Economic Impact Assessment (1998-2015)**
| Jobs Created*** | Results | |
|---|---|---|
| Direct Jobs Created by Entities in the Park | 2,470 | |
| Indirect Jobs Created as a Result of the Park | 4,123 | |
| Total Jobs Created (Direct Plus Indirect) | 6,593 | |
| Increase in Tax Revenue | ||
| Cumulative Impact on Taxable Consumption (Goods and Services) | $2.6 B | |
| Cumulative Impact on Gross Receipts Tax Revenue to the State of New Mexico | $103 M | |
| Cumulative Impact on Gross Receipts Tax Revenue to City of Albuquerque | $15 M | |
| Increase in Wages | ||
| Cumulative Increase in Wage and Salary Disbursements Attributable to Park Activities | $4.4 B | |
| Salary Comparison | ||
| Average Salary for Each Full-Time Job in the Park | $83 K | |
| Average Salary for Each Full-Time Job in Albuquerque | $42 K | |
**The Mid-Region Council of Governments used the Regional Economic Models, Inc. (REMI) PI+ Model to do the assessment of the SS&TP’s impact from May 1998 through December 2015.
***The SS&TP had their highest levels of employment in 2011. These figures reflect peak impacts of the SS&TP since its inception in 1998.
NOTE: Park was founded in 1998
