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Posts Tagged ‘economic impact’

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 …

Local Officials Prepare for Cutbacks at Ft. Hood

  • July 15, 2015
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After learning last week that Fort Hood would lose 9 percent of its military population as the Army continues to downsize, officials in central Texas began to address the likely impacts. On Monday, a spokesperson for Killeen said the city had taken into account the pending personnel cutbacks and had budgeted accordingly. “There will absolutely be an impact. Everybody is being conservative,” spokesperson Hillary Shine told KXXV. The school district could experience a drop in enrollment and associated funding from the federal government, but the school system had not yet come up with an estimate of the likely changes …

Executives Concerned about Impact of Ft. Benning Cuts on Local Real Estate Market

  • July 12, 2015
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The conversion of a brigade combat team at Fort Benning into a much smaller maneuver battalion task force as the Army eliminates 40,000 active-duty soldiers over the next three years will harm most sectors of the economy of Columbus, Ga., and surrounding areas. Real estate executives are particularly concerned about the pending loss of 3,402 soldiers at the post. “When you talk about 3,400 troops and then the civilians that will go with that, probably around 2,000, it’s pretty devastating to the apartment investment community,” said Will White, a partner in the Columbus-based apartment development and management company Greystone Properties …

Four Installations Slated for Modest Gains under Army Restructuring

  • July 12, 2015
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With only six installations slated to lose more than 1,000 soldiers as a result of the Army’s latest round of restructuring, many of the 30 communities bracing for severe cuts in personnel were greatly relieved that local installations would suffer a reduction of no more than 400 military personnel. “Today’s announcement could have been much worse, in light of the president’s plan to reduce our military end strength by 40,000 troops,” Rep. John Fleming (R-La.) said last week after the Army announced that Fort Polk would lose 388 soldiers …

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