The purpose of the report is to estimate the economic impacts of NMSU on the economy of the State of New Mexico for the calendar year 2010. Since the focus of the study is on the state economy, in-­state sources of funding such as state appropriations and the spending of resident students have been excluded from the analysis. The economic impacts of institutions of higher education arise from several sources including: (1) the purchases goods and services made by the university; (2) expenditures of the university on construction; (3) the expenditures of students; (4) the expenditures of university faculty and staff; (5) the expenditures of visitors from out-­‐of-­‐state to the university campuses; (6) the additional earnings of university graduates who remain in the state after graduation; (7) in-­‐state travel expenditures; (8) and the economic development activities of the university.