Report: US nuclear lab gives New Mexico economy $3B boost

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stockimg LANL - Los Alamos National Labs_1520204014871

(KRQE/File Photo) LANL – Los Alamos National Labs

LOS ALAMOS, N.M. (AP) – Los Alamos National Laboratory supports more than 24,000 direct and indirect jobs and infuses more than $3 billion a year into New Mexico’s economy through federal funding and spending by employees and vendors.

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.

Lab Director Thom Mason says the report underlines Los Alamos’ role as a major employer that has created good paying high-tech jobs. He also says the lab’s need for goods and services from local businesses results in a ripple effect for the economy.

The analysis looked at payroll, procurement and spending data for the last three federal fiscal years.

The birthplace of the atomic bomb, Los Alamos is one of the nation’s premier nuclear labs.

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