Fort Drum — home to the U.S. Army’s 10th Mountain Division, a light infantry division — recently issued an economic-impact statement for the fiscal year (FY) 2017. Fort Drum’s direct economic impact upon its surrounding community totaled $1.22 billion in FY 2017, up about $37 million, or 3 percent, from FY 2016. Payroll (military, civilians, contractors, […]
Fort Drum — home to the U.S. Army’s 10th Mountain Division, a light infantry division — recently issued an economic-impact statement for the fiscal year (FY) 2017.
Fort Drum’s direct economic impact upon its surrounding community totaled $1.22 billion in FY 2017, up about $37 million, or 3 percent, from FY 2016. Payroll (military, civilians, contractors, and retirees) increased by $13 million, as the military, civilian, and contractor population increased from 18,705 to 18,832, according to Fort Drum.
That broke a string of yearly declines in Fort Drum’s population and direct economic-impact dollars from 2011 to 2016.
Fort Drum Mountain Community Homes funding execution increased by about $18.6 million in FY 2017, stemming from the new construction of 155 company grade officer homes.
Fort Drum says it is the largest single-site employer in Northern New York with 15,110 soldiers and 3,722 civilians (including contractors) working on or near the military installation.
Military and civilian payrolls (including tenants and contractors) totaled about $731.5 million and $196.1 million, respectively.
Fort Drum says 3,092 retirees from all branches of military service live in the area (zip codes starting with 136) receiving a total of $5.2 million monthly, or $62.7 million per year, that flows “directly” into the local economy. In addition to military retirees, 278 retiree survivors live in the region and receive a total of $194,000 per month or $2.3 million per year.
Counting all of that, Fort Drum’s total payroll in FY 2017 was $992.7 million
