Metrics and Economic Impact

Sandia National Laboratories Director James Peery, City of Albuquerque Mayor Tim Keller, Sandia Senior Manager of Technology Partnerships and Business Development Mary Monson, Mid-Region Council of Governments Executive Director Dewey Cave, and Sandia Science & Technology Park Development Corporation Chairman of the Board Sherman McCorkle.

Park Metrics

     
Number of Employees* 2,038
Number of Companies & Organizations* 45
Number of Buildings* 27
Public and Private Investment in the Park since 1998** Public Investment $99.5M
Private Investment $386.1M
Total (Public and Private) $485.6M

*As of May 2024
**Through calendar year 2023

Economic Impact

Increase in Tax Revenue 2020-2021† 1998-2021††
Cumulative Impact on Taxable Consumer Spending $344.5M $4.0B
Cumulative Impact on Gross Receipts Tax Revenue to City of Albuquerque $6.1M $36.6M
Cumulative Impact on Gross Receipts Tax Revenue to the State of New Mexico $16.4M $166.1M
Increase in Wages
Cumulative Increase in Wage and Salary Disbursements Attributable to Park Activities $703.9M $7.2B
Salary Comparison
Average Salary for Each Full-Time Job in the Park $97K  
Average Salary for Each Full-Time Job in Albuquerque Metropolitan Area $54K  

†This reflects a two-year period
††The Mid-Region Council of Governments used the Regional Economic Models, Inc. (REMI) Model to do the assessment of the SS&TP’s impact from May 1998 through December 2021