LOS ALAMOS, N.M. (KRQE) – Los Alamos National Laboratory says they have a big impact on New Mexico’s economy.
According to a news release, the laboratory spent $396 million in contracts with New Mexico businesses. Of those contracts, $289 went to small businesses which they say is $20 million more than two years ago.
In 2019 the company increased its contracts with businesses that are categorized as disadvantaged, women-owned, veteran-owned, and HUB-zone located. A single business may qualify for more than one category.
- Disadvantaged: 52.2 percent in FY 2019, up from 19.6 percent in FY 2018
- Women-owned: 45.8 percent in FY 2019, up from 11.5 percent in FY 2018
- HUB zone-located: 12.4 percent in FY 2019, up from 6.1 percent in FY 2018
- Veteran-owned: 7.5 percent in FY 2019, up from 1.1 percent in FY 2018