Economic Impact of Fort Hood

The economic impact of Fort Hood is estimated at $7.1 billion in the Central Texas region.

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On May 13, 2008, State Comptroller Susan Combs announced the following:

Fort Hood has a tremendous impact on Central Texas and the state as a whole – $10.9 billion – and it is expected to continue to grow.

The new impact figure was announced Tuesday, May 13, by Susan Combs, Texas State Comptroller, and Lt. Gen. Ray Odierno, commander of III Corps and Fort Hood. The conference was held in the III Corps headquarters building on the post.

Comptroller Combs also announced that the annual economic impact on the Central Texas region, those communities surrounding Fort Hood, is $7.1 billion.

Figures from the Comptroller’s office detail $4.4 billion in direct expenditures from Fort Hood, including military and civilian payrolls, contracts and purchases, construction costs, expenditures on school district impact aid and environmental initiatives.

“When indirect impacts of Fort Hood’s spending are considered, the statewide impact is $10.9 billion, 78.3 percent higher than the $6.1 billion impact the state showed in 2004,” Combs said.

The chart below shows the detailed data.