Sandia Lab's Joint BioEnergy Institute in Emeryville, California (Sandia National Lab)
An analysis of economic output generated by Sandia National Laboratories shows the lab contributes nearly $1 billion to the California economy, particularly in and around its Livermore campus in the Bay Area. The report was prepared by the Center for Economic Development (CED) at California State University in Chico.
The CED report defines economic output as revenue to all private businesses and public organizations. Sandia Lab directly generates some $319 million in direct expenditures, including $155 million in employee compensation and benefits, $163 million in purchases and contracts with California businesses, and $1.4 million in state corporate taxes.
These direct expenditures are then re-spent in California’s economy, generating a multiplier effect that adds another $636 million in revenues, including $25 million to the California state treasury. Together, the direct and indirect spending generated by Sandia Lab totals $955 million.
The CED analysis says the economic benefit from Sandia Lab supports some 4,800 jobs in California. The total financial impact on households in the state is $497 million, including direct employee compensation, plus another $342 million in payroll, self-employment, and related income paid by other California businesses and organizations.
About half of Sandia Lab’s economic impact is felt in the San Francisco Bay Area, home to the lab’s Livermore campus and other nearby facilities. CED estimates the Bay Area receives $474 million in economic benefit from Sandia Lab, supporting some 2,500 jobs, and $304 million in household income.
In addition to its Livermore campus, Sandia Lab’s other primary location is in Albuquerque, New Mexico. The lab conducts R&D in national security, energy and environmental technologies, and economic competitiveness.
Read more. Study: Energy Dept Lab Generates $271 Million for State
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