New independent analysis calculates Laboratory’s economic contribution to state at $3.7 billion
Economists calculate influence on job creation, tax revenue and related industries
A joint analysis recently released by two New Mexico academics determined that Los Alamos National Laboratory contributes more than $3.7 billion to the state and regional economies.
This analysis differs from the annual Economic Impact on New Mexico report, which only lists hiring figures and dollars spent directly by the Lab. By contrast, this report calculates the indirect and induced contributions of those same expenditures, presenting a more comprehensive picture of Laboratory’s effect on the seven counties surrounding it (Los Alamos, Mora, Rio Arriba, Sandoval, San Miguel, Santa Fe and Taos) and the New Mexico economy as a whole.
