This independent analysis from two New Mexico academics (Dr. Robert Grassberger, Assistant Professor Emeritus of Organization, Information and Learning Sciences at UNM, and Dr. Jay M. Lillywhite, Assistant Dean for Economic and Rural Development, College of Agricultural, Consumer, and Environmental Sciences at NMSU) used data provided by the Laboratory for Fiscal Year 2022 to estimate the Laboratory's economic and fiscal contributions to the region. Read the news release here.
The analysis explores direct, indirect and induced contributions to the economy from the Laboratory’s expenditures for FY22 and makes preliminary calculations for the Laboratory’s FY23 contributions. It also provides profiles of New Mexico small businesses that have benefited from the Laboratory’s policies to support underrepresented or disadvantaged businesses.
This analysis differs from the report issued annually by the Laboratory on its economic impact: the Laboratory report only outlines dollar amounts spent directly by the Laboratory and the number of employees hired by the Laboratory, while this independent analysis calculates the indirect and induced contributions from that expenditure and hiring, presenting a more comprehensive and much more detailed view of the overall contribution of the Laboratory to the state’s economy.