Fort McCoy News June 24, 2016

FY 2015 economic impact exceeds $842 million

Fort McCoy's total economic impact for fiscal year (FY) 2015 was an estimated $842.6 million, down from the $944.7 million reported for FY 2014, garrison officials announced.

The data was compiled by Fort McCoy's Plans, Analysis and Integration Office.

Fort McCoy supported training for a record 155,237 personnel in FY 2015, which ran from Oct. 1, 2014, to Sept. 30, 2015.
The training population included reserve- and active-component personnel from throughout the military.

Soldiers with the 1st Squadron, 4th Cavalry Regiment of Fort Riley, Kan., operate Bradley Fighting Vehicles at Fort McCoy during fiscal year 2015.
Soldiers with the 1st Squadron, 4th Cavalry Regiment of Fort Riley, Kan.,
operate Bradley Fighting Vehicles at Fort McCoy during fiscal year 2015.

File photo

Workforce payroll, operating costs, and other expenditures totaled $263.3 million for FY 2015 compared to $295.2 million for FY 2014.

Fort McCoy's funding peaked in FY 2010, with subsequent decreases in overall funding and execution as a result of the decline of Overseas Contingency Operations and American Recovery and Reinvestment Act (Stimulus) funding.

A total of 2,036 personnel worked at Fort McCoy in FY 2015 — 1,326 civilians, 391 military, and 319 contract employees.

Approximately 74 percent of the workforce lives within Monroe County. The total FY 2015 workforce payroll for civilian and military personnel was $131.5 million.

FY 2015 operating costs of $115.2 million included utilities, physical plant maintenance, repair and improvements, new construction projects, purchases of supplies and services, as well as salaries for civilian contract personnel working at Fort McCoy.

Other expenditures accounted for $16.5 million and covered more than $1 million in payments to local governments (including land permit agreements, school district impact aid, etc.) as well as $15.5 million in discretionary spending in local communities by Soldiers at Fort McCoy for training.

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.

More information on the installation's economic impact can be found in the Fort McCoy Executive Summary online at www.mccoy.army.mil/AboutUs/Data/ExecutiveSummary.pdf.

   (Article prepared by the Fort McCoy Public Affairs Office.)