Minot Air Force Base has a staggering annual economic impact of approximately $651.6 million on the city of Minot, North Dakota. This figure accounts for more than just military and civilian payroll; it encompasses construction, service contracts, procurements, and the creation of indirect jobs. Such extensive influence significantly bolsters the city’s economic stability and growth, threading through various local sectors like a vibrant tapestry.
Home to nearly 12,000 personnel, including 5,500 military members and 1,000 civilian employees, Minot AFB is a major catalyst for local economic activity. The base’s extensive economic footprint generates thousands of jobs and substantial payroll, supporting an array of regional industries. Indeed, Minot AFB has become an integral pillar of the city’s economy and community.
U.S. Air Force 1st Lieutenant Michael Reissfelder remarked on the significant bond between the base and the city, noting that, “The relationship between Minot AFB and the City of Minot is remarkably strong.” He highlighted the partnership’s monetary significance and its role in providing opportunities for Airmen while fostering local prosperity and growth.
The base’s payroll is a key contributor to this economic landscape, amounting to $451 million annually, with military payroll at $370 million and civilian payroll adding $81 million. This robust income not only sustains countless individuals, many of whom reside in the local area, but also stimulates the housing market and various retail and service businesses, thus enhancing the tax revenue crucial for Minot’s economy.
The base’s influence extends into local construction and service sectors, with $18 million allocated to construction contracts that boost local companies and workers. Additionally, approximately $13 million in service contracts provide critical maintenance and healthcare services essential for operational efficiency, thereby fuelling job creation and revenue streams for local enterprises.
Furthermore, procurement spending at Minot AFB contributes around $49 million on a broad spectrum of goods and services, from housing to healthcare. Altogether, these expenditures inject $80 million into the local economy, further reinforcing Minot’s financial vitality and supporting diverse sectors like education and retail.
Leanna Porter, a budget analyst for the 5th Comptroller Squadron, captured the essence of Minot’s appeal, stating that, “Minot is recognized as an exceptional place to live,” contributing to unparalleled opportunities for both children and adults. The impact of the Air Force Base underpins this community spirit and sets the stage for local prosperity.
Moreover, the ripple effect of the base’s activities sees around 2,000 indirect jobs created in areas such as retail and hospitality, adding an impressive $118 million to the total economic output. This extension underscores the comprehensive influence of Minot AFB on the community’s livelihood, illustrating the profound synergy between the base and the city.
Minot Air Force Base significantly impacts Minot’s economy, contributing roughly $651.6 million annually. The base supports around 12,000 personnel, including military and civilian jobs, and influences various sectors through payroll, construction, and procurement. Its presence fosters local prosperity and creates thousands of indirect jobs, solidifying its pivotal role in the community’s economic fabric.
In conclusion, Minot Air Force Base stands as a cornerstone of economic stability and growth for the city of Minot, generating an impressive annual impact of over $651 million. The base’s payroll, construction contracts, and procurement spending foster job creation and enhance the local economy. Its profound connection with the community ensures that both the base and the city thrive together, creating a vibrant quality of life for all residents.
Original Source: www.minot.af.mil
