[ The Real McCoy Online Home ]                                                                                                                     March 14, 2008
News

Economic report puts McCoy's overall impact at $957.4 million

      The total economic impact of Fort McCoy for fiscal year (FY) 2007 was an estimated $957.4 million, up from the $897.3 million figure reported in FY 2006.

      Fort McCoy supported a training population of 112,703 personnel for FY 2007, which ran from Oct. 1, 2006-Sept. 30, 2007. The training population included reserve- and active-component personnel from throughout the military and troops processing for mobilization/demobilization.

      The expenditures, including the work force payroll, operating costs and other expenditures, were $299.2 million for FY 2007 compared to $280.4 million for FY 2006.           

      The FY 2007 work force payroll was $89.1 million, operating costs were $198.3 million, and other expenditures were $11.8 million.

      The work force payroll was $65.5 million for civilian employees and $23.5 million for military personnel. Salaries for civilian contracted personnel are not included in these totals.

      Operating costs included costs for utilities, physical plant maintenance, repair and improvements, new construction projects, and purchases of supplies and services.

      Other expenditures included $520,000 to local governments (including land permit agreements and school district impact aid) and $11.3 million Soldier discretionary spending in local communities. An additional $151 million was spent on contracts in FY 2007.             

      The installation also has been adding new construction on a constant basis, with $208.3 million being expended for projects from FY 1990 to FY 2007.

      A gross multiplier index (GMI) of 3.2 was used to determine the overall effect of the expenditures in the local economy. The GMI determines how many times a dollar turns over within a region. The estimated total impact was $957.4 million.

      More than 3,200 personnel worked at Fort McCoy in FY 2007. The breakout was 1,524 civilians, 503 military and 1,251 contracted employees.

 

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