Ec Impact Marquee

Economic Impact Report

2024 Economic Impact on New Mexico

Developing new business, strengthening existing companies, contributing to a diverse economy

The Laboratory invests and partners in economic development initiatives and programs that help stimulate business growth, create jobs, and strengthen our communities. 

182 projects with New Mexico small businesses 14.1m New finance attracted 371 jobs created or retained 4.8m with salaries totaling

One of the Laboratory’s initiatives, the New Mexico Small Business Assistance program (NMSBA) assists for-profit businesses in New Mexico with access to subject matter experts and cutting-edge technologies at Los Alamos and Sandia national laboratories to solve technical challenges.

For every $1 tax credit invested in the NMSBA the state of New Mexico recieves a return of $1.77
 *Surveys, conducted by a third-party contractor, were performed with participating clients in each program six months to one year after project completion. This information is based on CY 2023 data.
Hydrosonics

Through the NMSBA program, Laboratory researchers helped Albuquerque-based Hydrosonics develop electrolyzers for small-scale, affordable on-site hydrogen production that fully integrates with renewable energy sources.

Contact

Economic Development

Patrick Duran | (505) 989-6908 | Economic and Workforce Development at LANL

Technology Engagement & Entrepreneurship

Mariann Johnston | (505) 667-4391 | Email | Feynman Center

Dwi M0426

Workforce Development

Investing to develop local talent for the Laboratory and the region

A skilled workforce is crucial to the future of the Laboratory and Northern New Mexico. The Laboratory is working with education, business and government partners to ensure the projected workforce needs for the Laboratory and the region are met — strengthening the local economy.

New pipeline programs address critical skills for a growing workforce:

  • The Laboratory has four formal partnerships with regional colleges for workforce development pipeline programs.
  • In partnership with NNSA, the Laboratory also provided funding for additional workforce development programs at 11 regional colleges.
  • Agreement with Northern New Mexico College under the Department of Energy’s Mentor Protégé Program builds capacity for the college and supports workforce development in IT and cybersecurity areas. The NNSA’s Pipeline Development Program provided $376,675 to the project.
The 1,378 union employees make up 8% of the Laboratory workforce
A chart showing the distribution of union employees across various fields at LANL
*Other includes insulators, roofers, masons.

Contact

Workforce Development

Rebecca Estrada | (505) 989-6908 | Workforce Development at LANL

Employment Header


Employment

Providing solutions to the most pressing issues facing the nation

Los Alamos National Laboratory is a workplace that attracts, inspires, and develops world-class talent to ensure a vital future workplace. Diversity fuels our innovative, agile, and principled workforce which is essential to solving problems of global importance.

16,547 total employees (not including contractors)
A chart showing total emoployees by county

Not including contractors. *Other NM: Chaves, Cibola, Colfax, Curry, Dona Ana, Eddy, Grant, Guadalupe, Lea, Lincoln, Luna, McKinley, Mora, Otero, San Juan, San Miguel, Socorro, Sierra, Torrance, and Valencia

39.2% of Los Alamos Employees are native New Mexicans. 28.7% of our regular/term employees have at least one degree from a New Mexico college or university. $5.24 billion total laboratory budget for fiscal year 2024
A chart showing salary distribution by main counties, totalling $1.96B

Contact

Community Partnerships Office

Kathy Keith | (505) 989-6908 | Email | Community at LANL

Facilities Featured

Small Business Procurement

Purchasing quality products and services from small businesses while ensuring that the needs of the Laboratory and its customers are met.

Payments made to suppliers as a result of Laboratory procurements help drive economic growth in New Mexico and the nation. The staff in our Small Business Program and procurement personnel work closely with small businesses to learn about the goods and services available to the Laboratory and inform them about subcontracting requirements and opportunities.

The Laboratory spent $1.05 billion on procurement in New Mexico, $636,005,537 with New Mexico small buisinesses.

Procurement from New Mexico small business by category

A chart showing the distribution of procurement funds by specialized demographic categories
*Ohkay Owingeh, San Ildefonso. A single small business can qualify for more than one category.
Overall, the laboratory spent $942,641,333 on goods and services with small buisinesses

Overall procurement from small businesses by category

Chart showing overall US spending by special demographic categories
$138.3 million payment in New Mexico Gross Receipts Tax. $1,874,515,490 Total Laboratory procurement spending (includes awards for subcontracted goods and services, and Purchase Card acquisitions)

Contact

Small Business Program

Yvonne Gonzales | (505) 667-4419 | Email | Business at LANL

*The data in this report have been derived from the Laboratory’s financial systems for payments made in fiscal year 2024 (October 1, 2023, through September 30, 2024), unless otherwise noted. ROSY ID #2445dd67

Economic Impact CTA Banner 24