New Mexico Technology Companies Show Over 30% Growth from 2014
June 17, 2019 – New Mexico’s Flying 40 technology stars leapt to new heights this year with more than 30 percent growth in collective revenue and employment.
Most grew in the double digits, but some showed spectacular growth of up to 1,000 percent or more.
Taken together, this year’s technology tigers collectively reported $974 million in revenue and 4,957 employees. That’s up from $744 million and 3,709 jobs in 2014.
“As a group, all these companies are contributing nearly $1 billion directly to our economy each year, and they employ nearly 5,000 people,” said Randy Wilson, chief financial officer of the Sandia Science and Technology Park Development Corp., a principal sponsor and organizer of the annual Flying 40 awards.
The awards, which began in 1998, aim to recognize the achievements of some of New Mexico’s top-performing technology companies, while celebrating their critical contributions to the state’s economy.