Posts Tagged ‘economic impact’

The Army’s plan to reduce its end strength and realign its forces over the coming years will not substantially affect the environment but will result in significant impacts to a variety of economic measures in communities neighboring 21 installations, according to an assessment of potential changes to the service’s force structure scheduled to occur by 2020. Economic impacts could include reduced employment, income, regional population and sales, according to a Federal Register notice published Friday. The analysis evaluated the Army’s plan to trim its active duty end strength from 562,000 at the end of fiscal 2012 to 490,000 by FY 2020. It examined the potential impacts that could occur at posts expected to experience a gain or loss exceeding 1,000 military personnel …

The Solano County Board of Supervisors was scheduled this week to approve an economic diversification study intended to craft a strategy to reduce the local economy’s reliance on Travis Air Force Base in northern California. If the board approves the study, the county would receive a $370,000 grant from DOD’s Office of Economic Adjustment. The county would be required to contribute a 10 percent in-kind match of $41,000, which would be provided by staff managing the project …

New York Gov. Andrew Cuomo (D) last week awarded $2.9 million to local municipalities and community organizations to help preserve the state’s military installations as tens of billions of dollars in federal defense spending is threatened. The state’s military installations provide more than 10,000 direct jobs, $688 million in direct wages and a $1.9 billion economic impact …

The commonwealth of Massachusetts is providing $2.5 million in infrastructure grants to upgrade the main road leading to the Army Natick Soldier Systems Center outside of Boston, Lt. Gov. Timothy Murray announced this week. The award stems from the work of the state Military Asset and Security Strategy Task Force that the governor created in February to support Massachusetts’ six military installations …

San Antonio didn’t earn the moniker “Military City USA” for nothing. The economic impact of the military accounted for $27.7 billion and 189,000 jobs, directly and indirectly, in the region in 2011, city officials reported Thursday. The study, sponsored by the city’s Economic Development Department and Office of Military Affairs, found that DOD accounts for over 132,000 direct jobs in San Antonio, with Joint Base San Antonio the largest single employer in the community employing more than 92,000 personnel …

The Navy accounted for an additional $1.5 billion in economic activity in the Hampton Roads region of Virginia during fiscal 2011, primarily due to an increase in procurement over the previous year. The total direct impact of the Navy in FY 2011 was $15.0 billion, including $8.6 billion in payroll and $6.4 billion in procurement expenditures …

Minnesota has no major installations and little weapons manufacturing, but state officials still are anxious about possible job cuts and loss of federal revenue that would result if automatic defense cuts are imposed starting in January. The state could lose 4,911 defense-related jobs and $425 million in economic output in 2013, according to a study done earlier this year for the Aerospace Industries Association. Despite a lack of traditional defense suppliers, plenty of companies in Minnesota have DOD as a customer …

Dayton officials have made it clear they are not leaving anything to chance when it comes to future BRAC rounds after hiring a former vice chief of staff of the Air Force and multiple consulting firms as part of an effort to preserve and attract new missions to Wright-Patterson Air Force Base. “You can’t start early enough for the base closure process,” said Michael Gessel, vice president of federal government programs for the Dayton Development Coalition …

Defense budget uncertainties and “pressures on current and projected business” have forced Northrop Grumman to lay off almost 600 workers, a company spokesman said Monday in a statement to the Los Angeles Times…

Communities near Robins Air Force Base have watched the installation lose almost a thousand jobs this year, but like for many defense communities, the worst may still be ahead, a reality Bob McMahon says he understands as he becomes the first full-time president and CEO of 21st Century Partnership. The partnership is an alliance of private- and public-sector leaders from across central Georgia…