News ItemSandia Science & Technology Park (SS&TP) Economic Impact Analysis

Dec 2, 2014 –

The SS&TP hosted a news conference on November 19 to announce the results of an economic impact analysis conducted by the Mid-Region Council of Governments (MRCOG). MRCOG assessed the research park’s economic impact from its inception in May 1998 through the end of 2013. The new, independent report highlights that the SS&TP has benefitted the local economy for nearly 17 years through job creation, increases in state and local tax revenues, and higher-than-average wages for its employees when compared with the average wage in the Albuquerque metro area. The results were delivered by City of Albuquerque Mayor Richard J. Berry. Remarks were also provided at the news conference by Rob Leland, Sandia National Laboratories; Dewey Cave, MRCOG; Sherman McCorkle, SS&TP Development Corporation; Mayling Armijo, Bernalillo County; and Jackie Kerby Moore, Sandia/SS&TP. Hong Hou and EMCORE Corporation were also recognized as one of the SS&TP’s greatest success stories. Hong’s leadership at EMCORE created hundreds of jobs that continue to fuel the community. “The Park has provided us with a true home to grow,” said Hong. For a complete copy of the analysis, visit https://sstp.org/wp-content/uploads/SSTP-Ecomomic-Handout-Final.pdf