Major economic player

N.D. – Minot Air Force Base contributed $622.3 million to the local area’s economy in fiscal year 2020.

This is a $62.9 million increase from the previous fiscal year when the base had an impact of $559.4 million.

2nd Lt. Rein Marie Northrop of the 5th Comptroller Squadron at Minot AFB, presented the fiscal year 2020 economic impact analysis at a Zoom meeting of the Minot Area Chamber EDC’s Military Affairs Committee on Thursday.

The economic data is calculated on regulations from the Air Force and is current as of Sept. 30, 2020. It is calculated with the annual payroll of the base, annual expenditures for construction, contracts and other procurements, and the value of indirect jobs created.

The base’s annual payroll in fiscal year 2020 totaled $419.6 million, including about $332 million for military and about $87 million for civilians.

Follow us on Google News

Follow us on Flipboard

Trending Slider

North Dakota Department of Transportation celebrated 20th year of Fall Transportation Technician Training Academy

K9 Lorace visited State Emergency Communications Center to thank dispatchers for their work

Paving work on 52nd Avenue nears completion as project stays on schedule

Bismarck Fire Department to host community open house at Fire Station Four on October 9

Intersection of Vermont Avenue and Burlington Drive to close for three weeks for road construction

Mom Ieft her chiIdren unattended when she Iost consciousness after using narcotics while driving, before her 7-year-old was found motionIess by her friend after the chiId was strangIed to death: police

Follow us on News Break

Categories

Major economic player

Related posts

North Dakota Senate votes for earlier Sunday alcohol sales

North Dakota National Guard may be deployed to the Middle East

Ranchers trying to fend off wildfires as extreme drought hits much of North Dakota

Agriculture Commissioner Doug Goehring clarified cannabidiol bill

After spending nearly 4 months in the NICU, 1-pound premature baby who suffered from countless health issues due to his early birth defied all odds and is now a thriving toddler

Push for fourth $1,400 stimulus check supported by more than 60 lawmakers as Americans struggle in pandemic