[ The Real McCoy Online Home ]                                                                                                                        April 10, 2009
News

McCoy economic impact 
exceeds $1 billion

The total economic impact of Fort McCoy for fiscal year (FY) 2008 was an estimated $1.127 billion, up from an estimated $863.1 million for FY 2007.

Fort McCoy supported a training population of 127,919 personnel for FY 2008, which ran from Oct. 1, 2007-Sept. 30, 2008. The training population included reserve- and active-component personnel from throughout the military and troops processing for mobilization/demobilization.

Work force payroll, operating costs and other expenditures were $352.3 million for FY 2008 compared to $269.7 million for FY 2007.

The FY 2008 work force payroll was $159.38 million, operating costs were $180.12 million, and other expenditures were $13.05 million.

The work force payroll was $69.5 million for civilian employees and $89.88 million for military personnel.

Salaries for civilian contracted personnel are not included in these payroll 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 $260,706 to local governments (including land permit agreements and school district impact aid) and $12.79 million Soldier discretionary spending in local communities.

An additional $206.47 million was spent on contracts in FY 2008. 

New construction also has been occurring on the installation on a constant basis, with $218.8 million being expended for projects from FY 1990 to FY 2008.

A gross multiplier index (GMI) of 3.2 was used to determine the overall effect of the expenditures in the local economy for both FY 2007 and 2008.

The GMI determines how many times a dollar turns over within a region.

Nearly 4,200 personnel worked at Fort McCoy in FY 2008 1,604 civilians, 1,122 military and 1,464 contracted employees.

 

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