174th Attack Wing Economic Impact Data Released
By Major Sandra Stoquert, 174th Attack Wing
/ Published December 07, 2014
HANCOCK FIELD AIR NATIONAL GUARD BASE, SYRACUSE, N.Y -- The 174th Attack Wing (ATKW) released its Economic Impact Analysis for Fiscal Year 2014 on December 4, outlining more than $115.4 million in estimated total economic impact that affects upstate New York, the surrounding Syracuse area, and beyond.
"This amount includes payroll, construction, service contracts, supplies and equipment, as well as the estimated dollar value of the jobs our presence creates. Having a number of detachments and tenets strengthens our impact on a variety of communities across the state and beyond," said Capt. Melissa Forsyth, 174th Attack Wing comptroller.
The 174th ATKW spent $75 million on payroll, $9 million in construction, $5.9 million in services, and $7.5 million supplies and equipment material and indirectly created an estimated 396 jobs worth $18.0 million, according to the report.
The report includes units that are located on Hancock Field which consists of the 17th Attack Wing, the Military Entrance Processing Station, the Army and Air Force Exchange Service, and Columbia College. Payroll expenditures include pay and allowances for over 1,300 military personnel and over 400 civilian employees.
This year's $115.4 million economic impact was an increase from last year. "Last year we had an economic impact of $111.3 million. The increase this year was primarily due to a couple of large construction projects," said Forsyth.
The construction projects for fiscal year 2014 included a new hangar located on Wheeler-Sack Army Airfield and a newly constructed Field Training Facility located on Hancock Field.