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Economic Impact of Military Construction (MILCON)

Economic Impact of Military Construction (MILCON). NASMRM Break-out F MILCON/BRAC. Economic Impact of Military Construction. Job Creation – Every $1.0M in construction equals 60 jobs created. 16 on the job site 17 off site 27 induced in the community.

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Economic Impact of Military Construction (MILCON)

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  1. Economic Impactof Military Construction(MILCON) NASMRM Break-out F MILCON/BRAC

  2. Economic Impactof Military Construction Job Creation – • Every $1.0M in construction equals 60 jobs created. • 16 on the job site • 17 off site • 27 induced in the community Based on US Dept of Labor and WV Contractor's Association Data

  3. Economic Impactof Military Construction Based on US Dept of Labor and WV Contractor's Association Data

  4. Economic Impactof Military Construction Turnover – • Every dollar in construction rolls over 2.4 times in the first year • Investment to Return Ratio Based on US Dept of Labor and WV Contractor's Association Data

  5. Economic Impactof Military Construction Based on US Dept of Labor and WV Contractor's Association Data

  6. Economic Impactof Military Construction State Savings – • Partnering with other Federal agencies saves the state 25% of the project. Based on US Dept of Labor and WV Contractor's Association Data

  7. Economic Impactof Military Construction Based on US Dept of Labor and WV Contractor's Association Data

  8. QUESTIONS?

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