Sandia National Laboratories grows small business spending

Sandia National Laboratories hit a new high in fiscal year 2019 with almost $3.68 billion spent, according to economic impact data released Wednesday morning.

Overall spending saw an increase of more than $363 million compared to the previous fiscal year, and New Mexico payroll topped $1.2 billion. Small businesses received $784 million during the period.

New Mexico businesses also received over $509 million in subcontracts, or about 39 percent of the total amount paid to subcontractors. The amount…

Source: The Business Journal