The economic impact of Sandia National Laboratories on Central New Mexico and the State of New Mexico Fiscal Year 1998
Sandia National Laboratories (SNL) is a Department of Energy federally funded national security laboratory that uses engineering and science to ensure the security of the Nation. SNL provides scientific and engineering solutions to meet national needs in nuclear weapons and related defense systems, energy security, and environmental integrity. SNL works in partnerships with universities and industry to enhance their mission and transfer technology that will address emerging national challenges for both government and industry. For several years, the U.S. Department of Energy (DOE) Albuquerque Operations Office (AL) and New Mexico State University (NMSU) have maintained an inter-industry, input-output (I/O) model with capabilities to assess the impacts of developments initiated outside the economy such as federal DOE monies that flow into the state, on an economy. This model will be used to assess economic, personal income and employment impacts of SNL on Central New Mexico and the State of New Mexico. Caution should be exercised when comparing economic impacts between fiscal years prior to this report. The I/O model was rebased for FY 1998. The fringe benefits coefficients have been updated for the FY 1996 and FY 1997 economic impacts analysis. Prior to FY 1993 two different I/O base models were used to estimate the impacts. New technical information was released by the Bureau of Economic Analysis (BEA), U.S. Department of Commerce in 1991 and in 1994 and was incorporated in FY 1991, FY 1993, and FY 1994 I/O models. Also in 1993, the state and local tax coefficients and expenditure patterns were updated from a 1986 study for the FY 1992 report. Further details about the input-output model can be found in ''The Economic Impact of the Department of Energy on the State of New Mexico--FY 1998'' report by Lansford, et al. (1999). For this report, the reference period is FY 1998 (October 1, 1997, through September 30, 1998) and includes two major impact analyses: The impact of SNL activities on Central New Mexico and the economic impacts of SNL on the state of New Mexico. For purposes of this report, the Central New Mexico Region includes: Bernalillo, Sandoval, Valencia, and Torrance Counties (Figure 1). Total impact represents both direct and indirect resending by business, including induced effects (resending by households). The standard multipliers used in determining impacts result from the inter-industry, input-output models developed for the four-county region and the state of New Mexico.
- Research Organization:
- USDOE Albuquerque Operations Office, Albuquerque, NM (US)
- Sponsoring Organization:
- USDOE Albuquerque Operations Office (US)
- OSTI ID:
- 769575
- Resource Relation:
- Other Information: PBD: 9 Aug 1999
- Country of Publication:
- United States
- Language:
- English
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