Economy
See also: Economy of New Mexico| Largest Employers in Albuquerque | |
|---|---|
| 1 | Kirtland Air Force Base |
| 2 | University of New Mexico |
| 3 | Albuquerque Public Schools |
| 4 | Sandia National Laboratories |
| 5 | Presbyterian Health System |
| 6 | State of New Mexico (Government) |
| 7 | Lovelace Health System |
| 8 | Intel Corporation |
| 9 | PNM Resources |
| 10 | Bank of Albuquerque (BOK Financial) |
Albuquerque lies at the center of the New Mexico Technology Corridor, a concentration of high-tech private companies and government institutions along the Rio Grande. Larger institutions whose employees contribute to the population are numerous and include Sandia National Laboratories, Kirtland Air Force Base, and the attendant contracting companies which bring highly educated workers to a somewhat isolated region. Intel operates a large semiconductor factory or "fab" in suburban Rio Rancho, in neighboring Sandoval County, with its attendant large capital investment. Northrop Grumman is located along I-25 in northeast Albuquerque, and TempurPedic is located on the West Mesa next to I-40.
The solar energy and architectural-design innovator Steve Baer located his company, Zomeworks, to the region in the late 1960s; and Los Alamos National Laboratory, Sandia, and Lawrence Livermore National Laboratory cooperate here in an enterprise that began with the Manhattan Project. In January 2007, Tempur-Pedic opened an 800,000-square-foot (74,000 m2) mattress factory in northwest Albuquerque. SCHOTT Solar, Inc., announced in January 2008 they will open a 200,000-square-foot (19,000 m2) facility manufacturing receivers for concentrated solar thermal power plants (CSP) and 64MW of photovoltaic (PV) modules. The facility closed in 2012.
Forbes Magazine rated Albuquerque the best city in America for business and careers in 2006 and the 13th best (out of 200 metro areas) in 2008.
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Famous quotes containing the word economy:
“The basis of political economy is non-interference. The only safe rule is found in the self-adjusting meter of demand and supply. Do not legislate. Meddle, and you snap the sinews with your sumptuary laws.”
—Ralph Waldo Emerson (1803–1882)
“Even the poor student studies and is taught only political economy, while that economy of living which is synonymous with philosophy is not even sincerely professed in our colleges. The consequence is, that while he is reading Adam Smith, Ricardo, and Say, he runs his father in debt irretrievably.”
—Henry David Thoreau (1817–1862)
“Wise men read very sharply all your private history in your look and gait and behavior. The whole economy of nature is bent on expression. The tell-tale body is all tongues. Men are like Geneva watches with crystal faces which expose the whole movement.”
—Ralph Waldo Emerson (1803–1882)