30-04-2025
Fort Drum injects $2.55 billion into NNY economy in 2024
FORT DRUM, N.Y. (WWTI) – Fort Drum put in a $2.55 billion contribution into the Northern New York economy in 2024.
The installation, which is the area's largest employers, released its Fiscal Year Economic Impact Statement for 2024. The post reported that $1.9 billion was spent in the tri-county region of Jefferson, Lewis and St. Lawrence counties.
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The increase was 1.3-percent from that of the previous fiscal year.
Base officials said the rise can be attributed to additional tuition assistance, federal aid to local schools and cost of living adjustments, among other factors.
Fort Drum has contributed almost $36 billion to the local economy since data was first collected with the 1988 fiscal year.
The economic impact came from payroll of military and civilian employees on the base. As Fort Drum is the largest single-site employer in the area, payrolls to these individuals as well as contractors and retirees made up the largest portion of the 2024 fiscal year's economic impact. This totals around $1.6 billion, which is an increase of 3.3% from the previous fiscal year.
Area school districts received Department of Defense impact aid totaling just over $39 million in the last fiscal year as they continued to educate and enrich the lives of Fort Drum affiliated students. This represents an increase of 11.5-percent from the 2023 fiscal year.
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