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ALBUQUERQUE (AP) — Sandia National Laboratories says it spent about $975 million dollars on goods and services during the last fiscal year, and more than 40 percent of that went to New Mexico businesses.
The federal lab released its annual economic impact report Monday.
One of Sandia’s managers, Don Devoti, says 2013 was a challenging year for the national economy and for small businesses in New Mexico. Still, he says Sandia’s spending was up $79 million.
Lab officials say models suggest the effect Sandia has on New Mexico’s economy could be about three times the total amount it spends on purchases and salaries.
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