Sandia National Laboratories bought more than $500 million in goods and services from New Mexico companies in fiscal year 2010. Thatâ¿¿s up 40 percent from the previous year, according to the labâ¿¿s new report on its economic impact in New Mexico in 2010, released during a Sandia-sponsored economic impact summit in Albuquerque on Tuesday. The $500 million that went to local companies accounts for about 50 percent of the $1 billion-plus that Sandia spent in FY 2010 on the procurement of goods and services, said Sandia President and Director Paul Hommert in a prepared statement. â¿¿Sandia National Laboratories has a long and distinguished record of encouraging and partnering with highly qualified, diverse small business suppliers who assist us in achieving our national security mission,â¿ Hommert said. â¿¿We are fully committed to continuing this track record.â¿ Don Devoti, manager of Sandiaâ¿¿s Small Business Utilization Department, said the increase in purchases from New Mexico companies reflects Sandiaâ¿¿s outreach efforts to local suppliers, such as holding town halls and supplier engagement summits, and meeting with business organizations, chambers of commerce and business owners. â¿¿Weâ¿¿re being more transparent in our operations and letting those companies know we really want their business,â¿ Devoti said. â¿¿I think that exposure and our efforts to open up Sandia and our procurement process to the local community has paid off.â¿ Overall, the report shows Sandia spent $1.3 billion in New Mexico on labor and non-contract-related payments. Another $950 million was spent on contract-related payments, $68 million on New Mexico corporate taxes and $66 million through procurement card purchases by Sandia employees, who use cards similar to credit cards to purchase low-priced commercial goods and services. Economic models indicate that Sandia purchases and salaries have nearly a $7 billion total impact on the local economy, or three times more than what is actually spent, according to the report.