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February 22, 2013

News

McCoy’s estimated economic impact exceeds $1 billion

Fort McCoy’s total economic impact for fiscal year (FY) 2012 was an estimated $1.02 billion, down slightly from the $1.31 billion reported for FY 2011. Fort McCoy supported a training population of 122,171 personnel for FY 2012, which ran from Oct. 1, 2011 to Sept. 30, 2012.

The training population included reserve- and active-component personnel from throughout the military.

Work force payroll, operating costs and other expenditures were $317.5 million compared to $409 million for FY 2011. The number reflects a decrease in sustainment, restoration and modernization and stimulus funding.

The total FY 2012 work force payroll for civilian and military personnel was $124.5 million; operating costs were $180.5 million, and other expenditures were $12.5 million.

Operating costs included utilities, physical plant maintenance, repair and improvements, new construction projects, and purchases of supplies and services. Salaries for civilian contracted personnel working at McCoy also are included in operating costs.

Other expenditures included $306,000 to local governments (including land permit agreements, school district impact aid, etc.) and $12.2 million Soldier discretionary spending in local communities.

A gross multiplier index (GMI) of 3.2 was used to determine the overall effect of the expenditures in the local economy. The GMI measures the number of times a dollar turns over within a region.

A total of 2,874 personnel worked at Fort McCoy in FY 2012 — 1,549 civilians, 454 military and 871contracted employees.

New construction figures from FY 2009 to FY 2012 were $29.9 million. A total of $251.7 million in contracts were incurred in FY 2012.

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