Fort Riley’s 2024 Economic Impact Report: Over $2 Billion Contribution
Overview of the Economic Impact
The recent report from Fort Riley highlights ā¢a staggering economic contribution exceeding $2 ābillion for the year 2024. This substantial figure underscores the installation’s vital role in bolstering not only the local economy but also extending its influence on a ābroader scale.
Key Financial Contributions
Fort Riley’s operations directly inject over ā¢$1.7 billion into the economy, āwhich includesā£ salaries paid to military personnel, civilian employees, and contracts āawarded to local businesses. In addition ā¢to these ā£direct impacts, an estimated $300ā£ million circulates within adjacent communities due to increased consumer spending by base āpersonnel and their families.
Employment ā£Opportunities Created
The presence of Fort Riley generatesā¢ numerous employment opportunities across various āsectors. With approximately 27,000 individuals associated with military serviceāboth active-duty members āand civiliansāthe base serves as a significant employer in the āregion. Additionally, ancillary jobs arise through contracting services and retail establishments that cater to baseā inhabitants.
Broaderā Community Benefits
Beyond mere financial figures, Fort Riley ā¤contributes extensively towards community infrastructure demands. The facility provides essential resources for education and healthcare institutions inā¢ nearby areas while also sponsoring events ā£that foster community engagement and partnershipsā between service members and civilians.
Recent Statistical Highlights
Key statistics from this year’s report illustrate a growth trend:
- Total Economic Output: >$2 billion
- Direct Salaries Paid: >$1.7 ā£billion
- Consumer Spending Boost: Estimated at $300 million
- Jobs Supported: Approximately 27,000 individuals connected directly orā¢ indirectly
Conclusion: A Catalyst ā¤for Growth
Fort Riley stands as a critical pillarā of support for both local economies and broader regional development efforts. The continued investment by military operations not only strengthens financial metrics but also helps cultivate robust ācommunity relationsāa relationship vital for ongoingā¤ prosperity ā£in Kansas and beyond.
