Sandia Science & Technology Park in Albuquerque, New Mexico has generated $1.89 billion in economic impact



$1.89B Impact From Sandia Tech Park
By Kevin Robinson-Avila / Journal Staff Writer on Tue, Aug 28, 2012

Copyright © 2012 Albuquerque Journal

Sandia Science & Technology Park in southeast Albuquerque has generated $1.89 billion in spending on taxable goods and services since it opened in 1998, according to a new report from the Mid-Region Council of Governments.

The park, which now houses 33 companies and directly employs 2,470, has contributed $73.4 million in gross receipts taxes to the state, and $10.4 million to the city since opening. The average full-time salary at the park was $74,949 in 2011, or nearly twice the average in the Albuquerque area.

Local officials and Sandia National Laboratories representatives presented the biennial report at a news conference Tuesday at the park, which is run as a public and private-sector partnership to promote high-tech industry and jobs.

“It’s been a home run,” said Mayor Richard Berry at the event. “Regardless of what side you come down on about what the government’s role should be (in the economy), this is a great example of what it can be.”

Click here for full article in the Albuquerque Journal [Note: you have to answer a simple question for access.]

Read the full SS&TP economic impact report – Download (pdf)

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