Fort McCoy News March 13, 2015

FY 2014 economic impact exceeds $900 million

Fort McCoy's total economic impact for fiscal year (FY) 2014 was an estimated $944.7 million, up from the $902.4 million reported for FY 2013, garrison officials announced.

Photo for economic impact article
More than 145,000 personnel trained on post during fiscal year 2014. The installation's estimated economic impact was $944.7 million. File photo by Tom Michele

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

Fort McCoy supported training for 145,171 personnel in FY 2014, which ran from Oct. 1, 2013, to Sept. 30, 2014. The training population included reserve- and active-component personnel from throughout the military.

Workforce payroll, operating costs, and other expenditures totaled $295.2 million for FY 2014 compared to $282 million for FY 2013. The increase reflects that no sequestration reductions or furloughs occurred in 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 2,215 personnel worked at Fort McCoy in FY 2014 — 1,362 civilians, 368 military, and 485 contract employees.

Approximately 70 percent of the workforce lives within Monroe County. The total FY 2014 workforce payroll for civilian and military personnel was $125.6 million.

FY 2014 operating costs of $154.8 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 $14.8 million and covered $247,113 in payments to local governments (including land permit agreements, school district impact aid, etc.) as well as $14.5 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.

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