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Sandia Labs spending, economic impact up in 2015

ALBUQUERQUE, N.M. — Sandia National Laboratories spent roughly $983 million on goods and services in fiscal year 2015, up nearly $21 million from the previous year, and New Mexico businesses received more than $381 million, or 39 percent of the total, according to the labs’ latest economic impact report.

U.S. small businesses received more than 52 percent of the available dollars, or about $519 million in Sandia contracts, with the New Mexico share totaling $259 million, or 68 percent of the total New Mexico contracts.

Compared with fiscal year 2014, spending was up more than $19 million with New Mexico businesses and about $18 million with the state’s small companies. Total U.S. small business spending increased about $64 million.

“These numbers show that Sandia continues to be a driving force in New Mexico’s economy,” said Don Devoti, manager of the labs’ Small Business Utilization Department. “We continue to set aggressive small business and supplier diversity goals and work diligently to meet or exceed those goals.”

Small businesses, diverse suppliers wanted

Sandia reaches out to local businesses through a variety of programs. It holds public forums with suppliers and civic leaders to discuss contracting opportunities and lists contracts on its Business Opportunities website. It provides information to small and diverse business owners about doing business with Sandia and seeks qualified suppliers.

The 2015 Sandia National Laboratories Economic Impact report breaks down Sandia’s spending and spotlights its role in the economy. The 2015 data, reflecting actual payments made, is based on Sandia’s fiscal year from Oct. 1, 2014, to Sept. 30, 2015.

Full article by Sandia Labs News Releases

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