The numbers continue to be staggering:?Minot Air Force Base added $522.6 million into the local economy in fiscal year 2012, the largest economic impact in the base's history.
The past five years have seen fluctuating figures:
2008: $382.8 million
2009: $474 million
2010: $513.7 million
2011: $493.3 million
2012: $522.6 million
The annual report, presented last week at the Minot Area Chamber of Commerce's Military Affairs Committee meeting, is a strong reminder of the important role played by the base in the economy of Minot and the surrounding area. The annual payroll for military members, Air Force Reserve and civilians in fiscal year 2012 was more than $321 million, including more than $270.9 million for military members and $50.1 million for civilians.
Much of that money is, of course, spent in local businesses, from restaurants to gas stations to hotels to clothing stores to hardware stores to grocery stores. The impact of the base and its personnel is evident in every section of Minot's economy, and we expect the close relationship between the city and the base to continue well into the future.