Sandia National Laboratories' spending hit an all-time high for fiscal year 2023, contributing nearly $4.8 billion to the economy.
(Graphic by Lloyd Wilson) click on thumbnail for high resolution image.
Sandia National Laboratories' economic impact for fiscal year 2023 reached an all-time high of nearly $4.8 billion, surpassing the previous year by $559 million.
That impact is evident in the 1,200 new jobs added in the last year, the $114 million in gross receipts taxes paid to the state of New Mexico, and the $1.08 billion paid to the small business suppliers who help provide critical components for Sandia to fulfill its mission.
"For more than seven decades, Sandia Labs' dedication to outstanding service has significantly contributed to the national good. Our collaboration with a wide range of suppliers has been crucial to our achievements. Engaging with small businesses fuels creativity, creates jobs and introduces advancements that enhance the quality of life," Labs Director James Peery said.
Sandia's leadership will discuss its economic impact and highlight some of the successes with small businesses during a news conference Thursday, Jan. 11.
"Small businesses are the backbone of the U.S. economy and the capabilities they offer are vital to our national security mission. Sandia continues to be committed to small businesses both nationally and locally here in New Mexico," said Zach Mikelson, small business program manager. "The partnership between Sandia and small businesses strengthens our community and ensures support for Sandia's mission for years to come."
What: Sandia National Labs 2023 economic impact news conference
When: Thursday, Jan. 11, 9:30 a.m.
Where: Innovation Parkway Office Center
1611 Innovation Parkway S.E.
Albuquerque, NM, 87123
