Summary
The Base Realignment and Closure (BRAC) initiative is expected to change the landscape of the Fort Bragg Region which encompasses the largest army base in the United States, BRAC will add approximately 40,000 additional people, 8,554 jobs and $625 million in military construction expenditures to the region. This paper provides an analysis of the economic impact of recurring and non-recurring military expenditures on the economy of the Fort Bragg Region, The direct, indirect, and induced effects of these expenditures on output, employment, personal income, and indirect business taxes are presented here. It also identifies the major sectors that will be impacted by the increase in military expenditures.
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Extract
Economic Impact of Base Realignment and Closing On the Fort Bragg Region and the Largest Army Base in the United States
INTRODUCTION
The Base Reassignment and Closure (BRAC) initiative will transform the economy of the region. Fort Bragg is located 50 miles south of Raleigh and 10 miles northwest of Fayetteville. It occupies an irregular-shaped parcel of land, covering approximately 160,700 acres, that stretches into four counties and its influence extends far beyond the 7 additional counties that are in close proximity to Fort Brag...See the full content of this document
(Copyright 2011)
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