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Mar 23, 2011

Release Number: 1103-01

By:

Fort Drum Public Affairs

Fort Drum Releases 2010 Economic Impact Statement

March 23, 2011

 

Release Number: 1103-01

 

By: Public Affairs

 

Fort Drum Releases 2010 Economic Impact Statement

 

Fort Drum, NY - Fiscal year 2010 once again marked significant investment by Fort Drum in Northern New York's Drum Country.

 

A detailed review of the economic impact Fort Drum had on the North Country's tri-county area over the last fiscal year shows

$1,505,857,420 billion dollars was leveraged in support of the 19,447 Soldiers and 19,810 Family members who call Fort Drum and the North Country home.

 

Since fiscal year 1988, this Army installation has infused more than $15,270,200,204 billion dollars into the local economy.

 

"Our investments here total more than 15 billion dollars, and having seen the extraordinary high level of support we receive from the North Country community - I don't hesitate to say it's been worth every penny," said Col. Noel Nicolle, Fort Drum Garrison Commander.

 

Fort Drum is the largest employer in Northern New York with 19,447 Soldiers and 4,826 Civilian workers with payrolls totaling $973,775,901 and $193,129,138 respectively.

 

Retirees from all military branches who live in the 136XX zip code number 2,262. They are paid a total of $3,611,000 a month ($43,332,000 a year) which flows into our local economy.

 

Housing for our Soldiers and Families has a major impact on the North Country economy. Fort Drum spent $1,807,091 million dollars on Army Community Housing in LeRay Heights and added another $1,189,280 million dollars on the Domestic Lease Program during FY 10.

 

Fort Drum posted another strong year in 2010 with contracts for construction, supplies and services totaling just over $154,926,813 million dollars, with $37,340,650 million dollars of that money being spent in the tri-county area.

 

The Army Corps of Engineers awarded construction contracts totaling $63,780,212 million dollars which includes contractor pay for work at Fort Drum.

 

"We are a unique post because we rely on our community for health care and educating our children.  That translates into an excellent standard of care and access to New York State's exceptional educational system.  It's a win-win," said Nicolle.

 

Area school districts received $17,919,524 million dollars in federal impact aid for the loss of traditional revenue sources due to a federal presence such as the military families who call the North Country home. In addition, Fort Drum authorized just over $529,000 thousand dollars in tuition assistance to local colleges. Approximately 565 Soldiers used the tuition assistance program to enroll in traditional and distance learning college courses.

 

The 2010 Fort Drum Economic Impact Statement is available at this link:

http://www.drum.army.mil/SiteCollectionDocuments/FY10EIB.pdf 

 

 



Media with inquiries regarding this press release should call Julie Cupernall, Fort Drum Public Affairs, 315-772-8286 or email julie.cupernall@us.army.mil.

 

 





Contact
 
Media Relations Officer
usarmy.drum.imcom-atlantic.mbx.pao@mail.mil
 
 
Telephone
315-772-7267
 
 
Main Office
Public Affairs Office
10012 S. Riva Ridge Loop
Fort Drum, New York
13602-5028
 
 
Telephone
(315) 772-5461
 
 
Fax
(315) 772-8295




Photograhy Release Information
 
Images on the Fort Drum Public Affairs Web site are cleared for release and are considered in the public domain. Request credit be given as "Photo Courtesy of Fort Drum Public Affairs" and credit to individual photographer whenever possible.


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