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Impact of Los Alamos National Laboratory on the Economies of Northern New Mexico and the State as a Whole

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Please use this identifier to cite or link to this item: http://hdl.handle.net/1928/12602

Impact of Los Alamos National Laboratory on the Economies of Northern New Mexico and the State as a Whole

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Title: Impact of Los Alamos National Laboratory on the Economies of Northern New Mexico and the State as a Whole
Author: Bhandari, Doleswar
Subject(s): Los Alamos National Laboratory
Economic impact analysis
Employment
Income
Econometric models
New Mexico
Los Alamos, New Mexico
IMPLAN System software
Retirees
Tax revenue
Abstract: The UNM Bureau of Business and Economic Research (BBER) was commissioned by Los Alamos National Laboratory (LANL) to estimate its economic impacts on northern New Mexico – Los Alamos, Santa Fe, Rio Arriba, Sandoval, Taos, San Miguel, and Mora counties – and for the state, for fiscal year 2009. The study concludes that LANL injected more than $1.4 billion directly into the northern New Mexico economy during FY 2009. These injections provided more than 11,200 direct jobs, nearly $1.1 billion labor income, and $1.4 billion economic output to the region. LANL’s expenditures also indirectly supported approximately 9,300 jobs, more than $317 million in labor income and $932 million economic output in this region. In addition, a total of 3,050 LANL retirees with $140 million in pension benefits are estimated to have supported an additional 821 jobs. The impact of $1.6 billion LANL in-state expenditures in FY 2009 is estimated to have created 11,685 jobs directly with $1.1 billion in labor income; these expenditures in the state also indirectly supported 11,956 jobs (indirect and induced) with $433 million in labor income. The direct, indirect, and induced economic activity associated with LANL’s operations and construction generated a total of $128 million in gross receipts tax revenues. The IMPLAN Version 3 economic impact model was used to estimate the indirect and induced impacts of LANL.
Date: 2011-03
Publisher: University of New Mexico, Bureau of Business and Economic Research
Description: "The Bureau of Business and Economic Research wishes to express its appreciation to the Los Alamos National Laboratory for funding this study."
URI: http://hdl.handle.net/1928/12602

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