Copyright © 2018 Albuquerque Journal
The University of New Mexico generates $3.1 billion in economic output annually – the bulk of it from operational spending, according to a new analysis released Tuesday.
But the $3.1 billion figure also includes impact of alumni in the workforce, spending by out-of-state students, and UNM’s technology transfer and economic development activities. The report’s author Kelly O’Donnell said that makes it the most “comprehensive” examination of how UNM affects the state’s economy.
Those categories accounted for a total of 24,985 jobs and $3.5 billion in annual employee compensation in fiscal year 2017, according to the report.