Metrics and Economic Impact

Sandia National Laboratories Director James Peery, City of Albuquerque Mayor Tim Keller, Sandia Science & Technology Park Executive Director Jackie Kerby Moore, 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* 2,374
Number of Companies & Organizations* 50
Number of Buildings* 26
Public and Private Investment in the Park since 1998** Public Investment $90M
Private Investment $306M
Total (Public and Private) $396M

*As of August 2020
**Through calendar year 2019

Economic Impact

Increase in Tax Revenue 2018-2019† 1998-2019††
Cumulative Impact on Taxable Personal Consumption $461.8M $3.7B
Cumulative Impact on Gross Receipts Tax Revenue to City of Albuquerque $8.8M $32M
Cumulative Impact on Gross Receipts Tax Revenue to the State of New Mexico $19.8M $147.5M
Increase in Wages
Cumulative Increase in Wage and Salary Disbursements Attributable to Park Activities $887.8M $6.4B
Salary Comparison
Average Salary for Each Full-Time Job in the Park $95K  
Average Salary for Each Full-Time Job in Albuquerque Metropolitan Area $49K  

†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 2019