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Report: LANL gives New Mexico economy $3B boost

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By SUSAN MONTOYA BRYAN Associated Press

ALBUQUERQUE (AP) — Responsible for infusing about $3 billion a year into New Mexico's economy, Los Alamos National Laboratory is being held up by lab officials, politicians and others as an example of the kind of high-tech economic drivers the state needs more of.

The lab on Thursday released the findings of an economic impact report prepared by the University of New Mexico Bureau of Business and Economic Research.

Aside from the federal funding that flows through the lab, employees' salaries and the purchasing of goods and services, analysts identified more than 24,000 direct and indirect jobs that are supported by the lab.

Scientists at the lab work on everything from national security to space exploration projects and problems related to public health and the environment.

Los Alamos Lab Director Thom Mason said the report underlines the lab's role as a major employer that has created good paying, high-tech jobs. He also pointed to the resulting ripple effect.

"Part of being a good neighbor is bolstering the economic well-being of the communities where we live and operate," he said.

The analysis looked at payroll, procurement and spending data for the 2016-2018 federal fiscal years.


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