THE ECONOMIC IMPACT

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(No Transcript)
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THE ECONOMIC IMPACT OF ANNISTON ARMY DEPOT ON
CALHOUN AND SURROUNDING COUNTIES 2003
Prepared by William T. Fielding, Ph.D. Dean,
College of Commerce and Business
Administration Jacksonville State University
Through Center for Economic Development and
Business Research Jacksonville State University

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Economic Impact of Anniston Army Depot (AAD) on
Calhoun County and Surrounding Counties 2003
Overview

• General Observations and Methodology
• Total Economic Impact
• Impact on Local Governments
• Impact on Local Employment
• Impact on Financial Institutions

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Economic Impact of AAD on Calhoun County and
Surrounding Counties 2003 General Observations
and Methodology

• Impact areas include Calhoun, Etowah, Talladega,
  and St. Clair
• Population of impact area 361,000
• Primary data for calculations from three sources
• Expenditure survey of AAD employees
• Local government officials
• AAD officials

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Total Economic Impact of AAD on Calhoun County
and Surrounding Counties 2003 1.1 Billion

• Direct local expenditures
• By Anniston Army Depot (excl wages and salaries)
  391,400,000
• By Employees 124,861,032
• Total Direct Impact
  516,261,032
• Impact Multiplier (2.2) 2.2
• Total Impact 1.1Billion
• Approximately 11 of total business volume in
  area

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AAD Impact on Local Business Property
278,618,079

• Value of local business real
• property due to AAD - 186,973,616
• Value of local business
• inventory due to AAD - 91,644,463

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AAD Impact on Study Area Employment 18,045

• Direct Employment by AAD 4,969
• Indirect Employment due to AAD 13,076

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AAD Tax Expenditures and Receipts21.5 Million
(Net Gain)

• Cost to local Governments for providing
• municipal public school services 11.5
  Million
• Taxes paid directly and indirectly by AAD
• related persons living in study area 33
  Million

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AAD Impact on Local Financial Sector96 Million

• Estimated deposits by AAD-related persons, total
  savings deposits and demand deposits

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Economic Impact of Anniston Army Depot on Calhoun
County and Surrounding Counties 2003 Summary

• Total Economic Impact 1.1 Billion
• Impact on Local Business Property
  278,618,078
• Impact on Local Employment 18,045
• Impact on Local Governments (Net Gain) 21.4
  Million
• Impact on Financial Institutions 96 Million