Haaland on Sandia National Labs $3.3 Billion Economic Impact
WASHINGTON, D.C. – After Sandia National Labs released their economic impact report, Congresswoman Deb Haaland highlighted her role on the U.S. House Armed Services Committee as a key to ensuring the labs remain a strong economic driver in New Mexico’s First Congressional District. The committee oversees several of the Sandia National Laboratories’ missions that contribute to national security while creating jobs in the state.
“Sandia National Labs is at the forefront of innovation in the country, and today’s report is a testament to their role as a job creator and economic driver in New Mexico,” said Congresswoman Deb Haaland. “Not only do the labs employ nearly thirteen thousand people directly, but they are also making it easier for local businesses to grow and create jobs. I’ll use my role on the House Armed Services Committee to support Sandia National Labs and protect the jobs they create in our state.”
The report released today points to an increased economic impact from 2017, with $3.3 billion in total contributions to the economy including more than $317 million in spending going to small businesses in New Mexico. In recent years, Sandia National Labs increased outreach to local businesses and vendors to expand access to contracts and federal dollars in the state – this report reflects a $55 million increase in spending to New Mexico businesses from last year. Out of the $317 million in local, small business spending, ninety-five percent of those funds went to small businesses that are women-owned, veteran owned, or serve a disadvantaged area.
Sandia’s small-business program manager Paul Sedillo stated, “Looking forward to fiscal year 2019, Sandia is committed to seeking, growing and partnering with the small business community. Small businesses in our country, particularly here in New Mexico, have a major impact to Sandia and its mission. Our economy is stronger when small businesses are prospering, and Sandia is proud to be a part of those successes.”