ANNUAL REPORT 2007 THE UNIVERSITY OF NEW MEXICO

[economic impact]
25
UNM: AN ECONOMIC ENGINE
Among the Bureau of Business and Economic
Research’s findings in its independent
analysis of UNM’s economic impact:
• 41.2% of UNM’s expenditures were funded
by out-of-state revenue sources.
• More than 80% ($581.6 M) of outside
dollars stayed in state as direct purchases
from New Mexico businesses.
• The total economic impact of the outof-state
dollars UNM brought into New
Mexico in fiscal year 2007 amounts to:
- Almost $1.1 B in total output
- An additional $429.6 M in personal
income to New Mexico citizens; and
- An additional 11,439 full-time
equivalent jobs.
• UNM’s out-of-state funding generates
approximately $50 M* in tax revenues.
“ The University of New Mexico
is a significant contributor
to New Mexico’s economy
and has a significant impact
resultinG from its ability to
attract out-of-state funds.”
Bureau of Business and Economic
Research, December 2007
REVENUE SOURCES FY2007
58.8%
41.2%
>80%
In-state
Out-of-state
Out-of-state revenue source
FY2007 dollars remaining in
New Mexico
* Analysis conducted after the initial study was
released based on the conclusions and figures
included in the 2007 study.