May 1, 2012
Los Alamos, Sandia National Laboratories recognize New Mexico small businesses for innovation
LOS ALAMOS, New Mexico, April 30, 2012—Ten projects developed by New Mexico small businesses using technical expertise and assistance of Los Alamos National Laboratory and Sandia National Laboratories will be recognized at the 11th Innovation Celebration Tuesday (May 1) sponsored by the New Mexico Small Business Assistance Program at Encantado Resort in Tesuque.
The researchers from LANL and Sandia Labs, who assisted the companies, will receive a medal from NMSBA.
Among the businesses to be recognized are:
Since its inception, the NMSBA has provided 1,876 New Mexico small businesses with nearly $30 million in technical assistance. The program created and retained more than 2,300 jobs at an average salary of $38,000. Through the assistance of the NMSBA, these companies also saw their revenue increased by more than $107 million, while their operating costs decreased by $63.6 million. These companies in turn invested $35 million in other New Mexico goods and services and received $41 million in new funding and financing.
Los Alamos National Laboratory, a multidisciplinary research institution engaged in strategic science on behalf of national security, is operated by Los Alamos National Security, LLC, a team composed of Bechtel National, the University of California, The Babcock & Wilcox Company, and URS for the Department of Energy's National Nuclear Security Administration.
Los Alamos enhances national security by ensuring the safety and reliability of the U.S. nuclear stockpile, developing technologies to reduce threats from weapons of mass destruction, and solving problems related to energy, environment, infrastructure, health, and global security concerns.
LANL news media contact: Steve Sandoval, (505) 665-9206, email@example.com