Economic Impact of the School for Advanced Research on the Economies of Santa Fe County and the State of New Mexico

The School for Advanced Research (SAR) in Santa Fe, New Mexico commissioned the UNM Bureau of Business and Economic Research to estimate its economic impact in fiscal year 2012 (FY12) on Santa Fe county and the state. The author used an IMPLAN (V. 3) modeling system to estimate three main indicators: economic output (expenditures), labor income, and employment. Highlights of the study’s findings: $2.47 million (87%) of SAR expenditures in FY12 were supported by out-of-state revenue sources; direct, indirect, and induced economic impacts included nearly $4 million of output, and generated over $2.31 million of labor income. In addition, SAR revenues supported 57 New Mexico jobs. SAR operations and capital projects generated an estimated $95,575 in gross receipts tax revenue across the state. The report also discusses the intangible benefits of SAR. Illustrated with color photos, graphics, and tables.School for Advanced Researc