Description: Economic Impact *The loss of 538 military personnel represents 12% of the 4,465 assigned here. That loss represents payroll of $2 1,109,320. *The loss of 3 1 civilian personnel from the base represents 3.7% of the total. That loss equates to a payroll decrease of $91 8,340. *The loss of 305 indirect jobs (school teachers, clerks, dental assistants, etc.) represents an estimated payroll loss of $6,839,625 (305 x 22,425 which is the per capita income level of Elmore County according to the U S Census 2002) *Approximately 550 living units would be affected, either owned units that would be for sale or rentals that would become vacant. This would undoubtedly result in a downturn in the real estate market for the area *The school district would see a reduction in Impact Aid from DoD based on the specific number of children no longer enrolled here.
Date: June 21, 2005
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