To best understand the impacts presented below, view the “Defense Economy” tab first, then view the “Personnel Reductions” tab. Viewing the data in this order is important as the Personnel Reduction impacts are a sub-set of the Defense Economy. When viewing the “Fiscal”, “Education” and “Housing” tabs, keep in mind each respective impact is associated with the personnel reductions. The impacts under each tab are inclusive of the direct, indirect and induced economic effects derived from the changes in defense spending over time for each respective region. To select the region of interest, please click on the appropriate black bar below. For a glossary of economic terms and industrial definitions, click on the “Glossary” button in the header above.
Note: The annual impacts depicted in the tables below are cumulative. In order to determine the impact for a specific year, subtract the preceding year from the year in question. For example, in order to determine the impact in 2017, subtract 2016 from 2017 for the given indictor. Also, all estimated impacts should be seen as occurring within the context of natural growth occurring outside of the Defense Economy.
The data presented below represents the Defense Economy within the selected region. The Defense Economy includes the impacts from Fort Benning operations expenditures (active duty and DoD civilian employees), Fort Benning procurement contracts (private-sector contractors) and transfer payments (veterans benefits and military retiree pension payments) flowing into the region. The region’s Defense Economy, as it is presented here, demonstrates the economic value of the installation to the region in 2015 and provides a 5-year forecast of how these impacts changes as a result of the personnel reductions realized in 2016.
The data tables below isolate the economic impacts associated with the personnel reductions. These impacts are based on Fort Benning’s estimation that a reduction of approximately 2,800 active duty personnel from Fort Benning’s permanent assigned force structure will occur throughout FY 2016. Additionally, based on dependent estimates provided by the installation, it is projected that approximately 6,350 dependents are tied to those personnel departing the region. Furthermore, the installation reports that it will reduce its base support spending by approximately $5.4 million in FY 2017. The impacts identified in the tables below estimate how the loss in purchasing power from the 2,800 military families and the projected decline in procurement contracts ripple through the selected region’s economy beginning in 2016 and out through 2020.
The loss of 2,800 military families to the region will impact the regional tax base both from property values and the decline in consumption patterns across the economy. In the tables presented below, estimated fiscal impacts are provided on a percentage basis. The fiscal impacts associated with consumption losses are modeled for Automobile, Retail, Food Services and Drinking Establishments, and Accommodations.
Based on data provided by the local school districts, it was estimated that close to 10% of K-12 public school enrollment across Phenix City, Muscogee, Chattahoochee and Russell counties are military dependent. The tables below provide the estimated impacts to enrollments resulting from the personnel reductions. Furthermore, impacts to personal consumption expenditures across a variety of educational services is estimated.
With approximately 30% of all exiting personnel residing off-post, it is estimated the regional housing market will be impacted in a variety of ways. The data presented in the tables below represent how a select number of housing indicators are estimated to be impacted as result of the departing personnel leaving the region.