ALBUQUERQUE, N.M. — The Sandia Science & Technology Park continues to expand its role as a major economic driver in central New Mexico, with a new report showing billions of dollars in economic activity generated since the park opened nearly three decades ago.
According to an analysis by the Mid-Region Council of Governments, companies located in the park have generated $8.6 billion in wages, supported nearly 6,600 jobs, and created $4.85 billion in taxable consumer spending since the park was established in 1998.
Located adjacent to Sandia National Laboratories and Kirtland Air Force Base, the park was created to strengthen partnerships between private industry and the national laboratory while attracting technology-focused companies and high-paying jobs to New Mexico.
The report shows that in 2025 alone, companies in the park generated approximately $246 million in wages and $403 million in taxable consumer spending across the region.
The park also experienced significant growth over the past year, adding six new tenants and increasing its roster to 47 companies located in 27 buildings.
New companies joining the park include businesses focused on advanced manufacturing, critical minerals, aerospace testing, nuclear security, geothermal technology, and energy storage.
Officials say employee salaries continue to rise as well. In 2025, the average salary for workers in the park reached $115,000, well above the Albuquerque metro area’s average annual wage of roughly $64,000.
The recent opening of CAMINO, the Center for Advanced Manufacturing and Innovation, is expected to create additional opportunities for collaboration between private industry and Sandia National Laboratories. The facility serves as a hub for design, prototyping, and manufacturing technologies that support national security missions.
Since opening in 1998, the park has attracted approximately $681 million in private investment and $105 million in public investment.
Economic benefits extend beyond Albuquerque and Bernalillo County, with impacts reaching Sandoval, Valencia, Torrance, and southern Santa Fe counties.
Officials say the continued growth of the park demonstrates the success of its public-private partnership model and its role in supporting innovation, technology development, and economic growth throughout New Mexico.
