Economic Impact

City of Albuquerque Mayor Tim Keller, Sandia National Laboratories Director Steve Younger, NNSA Sandia Field Office Manager Jeff Harrell, Sandia Science & Technology Park Executive Director Jackie Kerby Moore, Sandia Science & Technology Park Development Corporation Chairman of the Board Sherman McCorkle, and the Mid-Region Council of Governments Executive Director Dewey Cave.

Park Metrics

     
Number of Employees 2,059
Number of Companies & Organizations 47
Number of Buildings 26
Public and Private Investment in the Park since 1998 Public $89.0M
Private $295.8M
Total (Public and Private) $384.8M

Economic Impact

Increase in Tax Revenue 2016-2017* 1998-2017**
Cumulative Impact on Taxable Personal Consumption $388.7M $3.1B
Cumulative Impact on Gross Receipts Tax Revenue to City of Albuquerque $6.6M $22.5M
Cumulative Impact on Gross Receipts Tax Revenue to the State of New Mexico $15.4M $123.4M
Increase in Wages
Cumulative Increase in Wage and Salary Disbursements Attributable to Park Activities $747.7M $5.4B
Salary Comparison
Average Salary for Each Full-Time Job in the Park $98K  
Average Salary for Each Full-Time Job in Albuquerque Metropolitan Area $46K  

*This reflects a two-year period.
**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 2017.