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Posts Tagged ‘economic impact’

OEA Grants to Help Virginia, Kentucky Bolster Defense Economies

  • August 25, 2015
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The commonwealths of Virginia and Kentucky plan to use new grants from DOD’s Office of Economic Adjustment (OEA) to support companies and workers affected by defense cutbacks and boost defense-related economic development. Virginia’s $5.4 million community planning grant will be used to assist communities, businesses and employees in defense-related areas respond to reductions in DOD spending; expand entrepreneurship opportunities for defense-related employees and businesses; and support displaced defense contractors seek other employment opportunities, according to a press release from Gov. Terry McAuliffe (D). “Virginia has taken the lead in identifying businesses potentially impacted by the recent defense reductions and worked with state, community and business leaders to develop meaningful programs to address the issues,” McAuliffe said. “With these funds, Virginia will provide direct support to companies as they transition to alternative markets …

Diverging Fortunes for Two Maine Shipyards

  • August 18, 2015
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Officials at Portsmouth Naval Shipyard in Kittery, Maine, are hiring hundreds of engineers, technicians, ship fitters and fabricators as they try to expand the facility’s workforce from 4,700 to 5,350 by the end of September. The hiring spree comes as the shipyard attempts to alleviate a maintenance backlog for the Navy’s fleet of nuclear submarines stemming from recent budget constraints, reports the Press Herald. Earlier this month, senior Navy officials highlighted the shipyard’s bright future. They cited the billions of dollars in work servicing attack submarines that Portsmouth has secured, as well as the pending confirmation of Adm. John Richardson as the new chief of naval operations as positive signs …

Las Cruces Hosts Navy Flight Training Squadron

  • August 7, 2015
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Student aviators from Naval Air Station Corpus Christi, Texas, returned to Las Cruces International Airport, N.M., last week for the 12th time since 2001 for two months of training flights. Officials from Las Cruces are particularly excited this year after Navy officials last fall decided not to come to the city for winter training flights over concerns about fuel service operations at the airport. A fueling error had been blamed for the crash last year of an air ambulance, reported the Las Cruces Sun-News. The Navy typically brings student pilots to Las Cruces for training from January until March. “The Navy has an open invitation to come to Las Cruces for its training exercises, and we consider it a privilege to host them here,” said Mayor Ken Miyagishima …

Hampton Roads Shipyard to Lay off 1,500-Plus Workers

  • July 26, 2015
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Newport News Shipbuilding, the largest industrial employer in Virginia, told employees last week it plans to lay off at least 1,500 workers through 2016 in response to a temporary drop in work. “We do not yet know the extent of the reductions, but in 2015, it will be more than 500 people. In 2016, it will likely be more than 1,000 people,” shipyard employees were told in a letter from the company’s president, Matt Mulherin. “The layoffs this fall will be followed by more in 2016 “as workload drops across the yard,” the letter said …

Fargo Leaders Highlight Assets of ‘Hooligans’

  • July 24, 2015
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Leaders from the Fargo, N.D., business community believe this week’s visit by Air Force Secretary Deborah Lee James strengthened the long-term outlook for the North Dakota Air National Guard’s “Happy Hooligans.” The military support group of the Fargo Moorhead West Fargo Chamber of Commerce touted the importance of the 119th Wing’s Predator unmanned aerial vehicle and intelligence targeting missions, and encouraged the secretary to consider the base for future manned flying missions, reported Inforum. Officials also pointed out that the National Guard unit has not experienced difficulties retaining Predator support specialists, a problem the rest of the Air Force is dealing with. Most significantly, the chamber gained James’ support for building a $7.3 million facility for the wing’s intelligence unit …

Anchorage’s Civilian Economy Could Use Several Thousand Veterans

  • July 23, 2015
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While the Army’s plan to cut 2,600 soldiers from Joint Base Elmendorf-Richardson will have some negative effects on Anchorage’s economy, transitioning personnel who elect to stay in the area will boost the local labor pool and have an opportunity to significantly benefit the region, according to a commentary published in the Alaska Dispatch News. Anchorage employers from a range of sectors have said they have job openings that are difficult to fill because of a lack of qualified candidates, write Bill Popp, president and CEO of the Anchorage Economic Development Corp., and Julie Saupe, president and CEO of Visit Anchorage. The city has only 8,500 unemployed workers. “The troops and their families who are facing the upcoming military drawdown are professional, skilled workers, and we have the jobs for them right here in Anchorage and Alaska. The Army’s loss is Alaska’s gain …

Revised Relocation of Marines Would Lessen Impact to Guam, Review Concludes

  • July 21, 2015
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The Navy last week released its environmental review for a revised realignment of Marines from Okinawa to Guam agreed to in 2012, signaling the likely resumption of the Navy’s effort to ready Guam to accommodate the arrival of about 5,000 Marines. As a result of the scaled-down move, the cantonment area, housing and live fire training range needed to accommodate the relocation will be confined to the military’s existing footprint on Guam, according to the final supplemental environmental impact statement. The Navy’s original plan called for the acquisition of 1,688 acres of land from either the local government or private landowners, reported the Pacific Daily News. “This is a very important step forward in the relocation effort, and the Department of Defense has worked diligently to address the core concerns that were raised by our community,” said Guam Delegate Madeleine Bordallo …

With New Tanker, Reservists to Fill Expanded Role at McConnell AFB

  • July 19, 2015
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McConnell Air Force Base is looking to add 400 Reservists to the 931st Air Refueling Group as the installation located outside of Wichita, Kan., prepares for the arrival of the next generation aerial tanker KC-46A over the next several years. The 931st now has more than 650 Reservists to support one Reserve squadron with 24 crews. With the arrival of the KC-46A, the unit will expand to three squadrons of 18 crews, reported the Wichita Eagle. The increased staffing can be expected to magnify the group’s $51 million annual economic impact. About 28 percent of McConnell’s current reservists commute from other states to fulfill their weekend duties, either by driving or flying commercial airlines …

Anchorage Officials Temper Forecast of Army Cuts’ Impact

  • July 17, 2015
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Following last week’s announcement that Joint Base Elmendorf-Richardson would lose 2,631 soldiers — 59 percent of the Army’s population — over the next two years, local economists feared the realignment would deliver a serious blow to the region’s economy. “It’s going to take a big chunk out of the Anchorage economy,” Scott Goldsmith, professor emeritus of economics at the University of Alaska Anchorage Institute of Social and Economic Research, told the Alaska Dispatch News. The area could lose 6,000 jobs — including direct and indirect — and likely send the economy into a recession, Goldsmith predicted …

Army Cutbacks Based on Comprehensive Analysis, McHugh Says

  • July 16, 2015
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The stationing decisions the Army announced last week needed to shrink the service’s active-duty end strength by 40,000 soldiers were based on months of analysis covering an array of factors including the time it takes to deploy soldiers and the strategic location of installations, Secretary John McHugh said Wednesday. “We came out with a ranking, and the decisions that we made were driven in very large measure by those rankings,” McHugh told Syracuse.com. “So it was not just an exercise in whimsy. It was a very precise process, as it should be …

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