|
By providing the platform and support for
military operations since the transformation
of the Alamo, the City of San Antonio has
become known as Military City USA. From a
review of the history of the military in San
Antonio it shows land and support provided
to the Military by the City has been and
continues to be a good investment for its
citizens of San Antonio. The data
below shows the current economic impact of
the Military in San Antonio and the
continued growth expected from recent and
projected BRAC actions.
Economic
Impact
In 2006, DD
activities in San Antonio registered an
economic impact of $13,297,753,428.
The breakdown of this activity is shown in
Table 1.
|
Table 1:
Economic Impact by Activity |
|
|
|
Activity |
Impact |
|
Civilian and
Military Personnel |
$5,404,922,849 |
|
Retirees and
Beneficiaries |
$2,183,049,308 |
|
DoD Contracts |
$5,531,744,931 |
|
Purchase Card |
$178,036,340 |
|
Total |
$13,297,753,428 |
As can be seen
in the table, contracting activity, which
includes spending by the military bases as
well as economic activity generated by
private sector companies receiving DoD
contracts, accounts for the largest impact,
with spending by civilian and military
personnel accounts for the second largest
impact.
Economic
Impact of BRAC
The Base
Realignment and Closure (BRAC) activities
that are scheduled to occur in San Antonio
by September 2011 could arguably be one of
the largest economic development projects
the city has ever seen. San Antonio is
expected to receive 4,886 new personnel and
their families, 9,000 additional students
per year, and $2.1 billion in construction
of military facilities as San Antonio
becomes the home of military medicine.
By comparison, Toyota and its suppliers
invested $1.1 billion in new manufacturing
facilities and created 4,100 new jobs.
The estimated
economic impact of BRAC through 2011 is
$5,652,821,961. The impact from the
new operations is estimated to be
$621,163,961 with the balance of the impact
($5,031,658,000) resulting from the
construction activity.
Employment due
to the new operations is anticipated to
increase by another 4,886 direct jobs, and
when the multiplier impacts are included an
additional 1,330 jobs will be supported.
The full-time equivalent employment
resulting from the employment through 2011
is estimated to be 46,339. It is worth
noting that this does not mean that 46,339
new jobs will be created from the
construction activity, but rather, the
activity will support this number of
full-time equivalent positions over the
period of the construction. For
example, a construction worker may work on
the job each year from the beginning, which
would be captured in this estimate, but we
would not count the fact the he or she works
on the site in 2008 and 2009, say, as two
new jobs. Furthermore, this estimate
includes multiplier effects, so this is not
the direct employment resulting from the
construction activity.
Earnings will
increase by $2,174,628,569. New
operations will increase earnings by
$324,876,979 with additional earnings
resulting from the multiplier effects of
$193,387,590. The construction
activity will generate earnings through 2011
of $1,656,364,000. |
