|
FORT
HOOD
Fort
Hood
, known as "The Great Place," is the largest training post in the
world and the largest single location employer in the State of
Texas
. Located just 20 miles west of Belton,
Fort
Hood
’s has a $6 billion annual economic impact to the
Central Texas
area. Approximately 45,000 soldiers are assigned to
Fort
Hood
. The large concentration of military dependents strongly influences the area's
business climate. See www.hood.army.mil
Almost 1,000 soldiers
exit the army each month, providing local employers with a never ending supply
of highly trained employees. With advanced high-tech training, these soldiers
provide an experienced and well-disciplined labor pool. Click here for a
Labor Study Executive Summary.
Fort
Hood's Economic Impact
|
|
|
Spending
Category |
Actual
Expenditures |
Economic
Impact |
|
Payroll |
$2.1 billion |
$4.7 billion |
|
Contracts &
Construction |
$686.6 million |
$1 billion |
|
Technical Support |
$92 million |
$125.3 million |
|
Impact Aid to
Schools |
$50.2 million |
$138.5 million |
|
Total Economic
Impact |
|
$6.09 Billion |
|
Source:
Texas State Comptroller's Office, 3/05 |
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