Economic Impact | Sandia Science & Technology Park

Park Metrics		Results*
Number of Companies & Organizations		33
Number of Employees		2,233
Number of Buildings		23
Occupied Space		976,025 sq ft
Developed Land		106 acres (of 340)
Funds-In and In-Kind Services from Park Companies to Sandia (i.e. CRADAs, Licensing Agreements, WFOs)		$18,418,476
Contracts from Sandia Procurement to Park Companies		$383,030,016
Contracts between Park Companies		$9,412,297
Public and Private Investment in the Park	Public	$69,797,901
	Private	$285,735,794
	Total (Public and Private)	$355,533,695

Jobs Created		Results*
Direct Jobs Created by Entities in the Park		2,284
Indirect Jobs Created as a Result of the Park		5,441
Total Jobs Created (Direct Plus Indirect)		7,725
Increase in Tax Revenue
Cumulative Impact on Taxable Consumption (Goods and Services)		$1,214,344,969
Cumulative Impact on Gross Receipts Tax Revenue to the State of New Mexico		$57,519,508
Cumulative Impact on Gross Receipts Tax Revenue to City of Albuquerque		$8,231,707
Increase in Wages
Cumulative Increase in Wage and Salary Disbursements Attributable to Park Activities		$2,262,753,211
Increase in Revenue to State of New Mexico as a Result of Personal Income Tax (5% Rate)		$113,137,661
Salary Comparison
Average Salary for Each Full-Time Job in the Park		$71,612
Average Salary for Each Full-Time Job in Albuquerque		$39,342
*Since Park was founded in 1998