Economic Impact

Park Metrics*

Park MetricsResults
Number of Companies & Organizations 37
Number of Employees 2,292
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 $17.7 M
Contracts from Sandia Procurement to Park Companies since 1998 $408 M
Contracts between Park Companies since 1998 $10.4 M
Public and Private Investment in the Park since 1998 Public $89 M
Private $279 M
Total (Public and Private) $368 M

*Company and building data were updated in October 2014. Funds-In, contracts, and investment data were updated in December 2013.

Economic Impact Assessment (1998-2013)**

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) $2.3 B
Cumulative Impact on Gross Receipts Tax Revenue to the State of New Mexico $89 M
Cumulative Impact on Gross Receipts Tax Revenue to City of Albuquerque $13 M
Increase in Wages
Cumulative Increase in Wage and Salary Disbursements Attributable to Park Activities $3.8 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 2013.
***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.
****Since Park was founded in 1998