Economic Impact Analysis of Spaceport America 2019-2024

This report is a comprehensive economic impact analysis of Spaceport America conducted by the Center for Border Economic Development and Arrowhead Center at New Mexico State University for the years 2019 to 2024. It builds upon a previous study completed in 2022 and provides updated estimates for economic impacts generated by the operations of Spaceport America, its tenants, and related visitor spending. The analysis utilizes IMPLAN economic modeling software to assess the economic activity in Doña Ana County and Sierra County in southern New Mexico, with spillover effects measured using Multi-Regional Input-Output (MRIO) methodology. The report details significant infrastructure investments made to support the spaceport's operations and highlights the growth in direct jobs and economic output over the specified period. It also discusses the competitive environment of the space launch industry and the strategic advantages of Spaceport America, including its FAA licensing for both vertical and horizontal launches. The findings indicate a positive economic impact on New Mexico, with increased job creation and tax revenue.