Open AccessThe economic impact of Sandia National Laboratories on central New Mexico and the State of New Mexico, Fiscal year 1995
Author(s) -
Robert R. Lansford,
L.D. Adcock,
L.M. Gentry,
S. Ben-David
Publication year - 1996
Language(s) - English
Resource type - Reports
DOI - 10.2172/417605
Subject(s) - personal income , economic impact analysis , state (computer science) , business , real estate , fiscal year , economics , agricultural economics , economic growth , finance , demographic economics , computer science , microeconomics , algorithm
Central NM: funding was about $1.5 billion in FY95, yielding a total economic impact of $4.3 billion, about 10.5% of total economic activity in the region. Total personal income impact was over $1.1 billion in FY95, nearly 9% of personal income in the 4 counties. The employment multipler 3.90 means that the 8,118 average employment level resulted in a total impact of 31,643, and in effect, nearly one of every 10 jobs was created or supported by SNL. State of New Mexico: The $1.5 billion funding supported a total economic impact of $4.4 billion, about 5% of total economic activity. Total personal income imapcts were nearly $1.15 billion or nearly 4% of personal income in the state. The employment multipler of 3.97 for the state meant that the 8,153 average employment level supported a total impact of 32,339; thus, in effect, one of every 23 jobs in the state was created or supported by SNL. About 75% of the jobs created indirectly by SNL in the central region and in the state occurred in the trade, services, and finance/insurance/real estate sectors