Kirtland AFB Economic Impact on Local Economy
In fiscal year 2020, Kirtland Air Force Base and its major mission partners had an economic impact of over $7.4 billion, with $4.6 billion directly benefiting the Albuquerque region within 50 miles of the base. The base employs over 23,000 people and has an annual payroll of $2.25 billion. Kirtland also supports small businesses, with contracts totaling over $287 million.
Key Takeaways:
- Kirtland Air Force Base had an economic impact of over $7.4 billion in fiscal year 2020.
- The base employs over 23,000 people and has an annual payroll of $2.25 billion.
- Kirtland supports small businesses, with contracts totaling over $287 million.
- The base’s economic impact directly benefits the Albuquerque region.
- Kirtland Air Force Base plays a crucial role in the local community.
Overview of Kirtland Air Force Base
Kirtland Air Force Base, located southeast of Albuquerque, is the fifth-largest installation in the Air Force. Covering more than 50,000 acres, the base is home to 765 buildings valued at over $5.2 billion and has an extensive network of 351 miles of roads. Its significant presence in the local area makes a substantial economic contribution and contributes to the overall economic development.
The base’s economic contribution extends to various aspects of the local economy, accounting for over 10% of the region’s economic output. Additionally, Kirtland Air Force Base supports 13% of the local job market, providing employment opportunities and fostering economic growth in the surrounding community.
To illustrate the scale and impact of Kirtland Air Force Base, take a look at the following table:
| Value | |
|---|---|
| Total Base Acreage | 50,000 acres |
| Number of Buildings | 765 |
| Valuation of Buildings | $5.2 billion |
| Length of Roads | 351 miles |
As the table demonstrates, Kirtland Air Force Base exhibits substantial scale and investment. The base’s physical infrastructure is a key component of its ability to support operations effectively.
To further emphasize the base’s economic impact, it’s important to note that Kirtland Air Force Base contributes to the local economy not only through direct employment but also through its spending on procurement, contracts, and other economic activities.
Considering the base’s economic contribution and development, it is evident that Kirtland Air Force Base plays a vital role in driving the economic growth and prosperity of the local community.
Economic Impact Statistics
Kirtland Air Force Base has a significant economic impact on the local economy, contributing to its growth and prosperity. Let’s explore some key economic statistics that highlight the base’s influence.
In fiscal year 2018, Kirtland Air Force Base had an economic impact of $4.5 billion. This impact grew even further in fiscal year 2020, reaching $4.6 billion. This growth demonstrates the base’s continuing importance and contribution to the local economy.
One of the key factors contributing to this impact is the base’s annual payroll, which amounts to $2.25 billion. The base’s payroll plays a crucial role in supporting the livelihoods of thousands of employees and serves as a significant source of income for the local community.
In terms of employment, Kirtland Air Force Base employs over 23,000 people. These individuals are an integral part of the workforce, driving economic activity and supporting local businesses. Additionally, through its mission partners, the base supports over 2,000 additional jobs, further enhancing its economic influence.
The economic impact of Kirtland Air Force Base is substantial, accounting for more than 10% of the local economy. This economic contribution plays a vital role in the growth and stability of the greater Albuquerque area.
Now, let’s take a closer look at the detailed economic statistics in the table below:
| Year | Economic Impact (in billions) | Annual Payroll (in billions) | Total Employment |
|---|---|---|---|
| Fiscal Year 2018 | $4.5 | $2.25 | 23,000 |
| Fiscal Year 2020 | $4.6 | $2.25 | 23,000 |
The table provides a comprehensive overview of the economic impact of Kirtland Air Force Base over the years, highlighting its consistent contribution to the local economy.
Importance of Kirtland Air Force Base to the Local Community
Kirtland Air Force Base holds significant importance for the local community, contributing to the thriving local economy. The base’s employees play a vital role in driving economic growth by contributing to various economic sectors, such as real estate, taxation, and local businesses. Their active participation generates substantial economic benefits for the greater Albuquerque area, strengthening its economic landscape. Kirtland Air Force Base values its role within the community and appreciates the support it receives in return.
Small Business Support
Kirtland Air Force Base recognizes the importance of supporting small businesses as an essential driver of economic growth and development. The base actively promotes opportunities for businesses owned by women, minorities, veterans, and those situated in Historically Underutilized Business Zones (HUBZones).
These small businesses play a crucial role in supporting the operations of Kirtland AFB and contribute significantly to the local economy. Through contracts totaling over $287 million, Kirtland AFB provides business opportunities that contribute to the growth and success of these enterprises.
Supporting small businesses not only fosters economic growth but also creates job opportunities within the community. By collaborating with these small businesses, Kirtland AFB drives innovation, diversity, and a thriving entrepreneurial spirit in the local economy.
Kirtland AFB Small Business Contracts (2020)
| Category | Contract Value |
|---|---|
| Women-Owned Businesses | $120 million |
| Minority-Owned Businesses | $85 million |
| Veteran-Owned Businesses | $57 million |
| HUBZone Businesses | $25 million |
The table above illustrates the breakdown of small business contracts awarded by Kirtland AFB in 2020. These contracts provide substantial economic benefits to various business sectors and contribute to the overall economic growth of the local community.
Workforce and Payroll
Kirtland Air Force Base has a diverse workforce that plays a vital role in the local economy. The base employs over 23,000 people and has an annual payroll of $2.25 billion, providing stable income for individuals and families in the Albuquerque area. This workforce includes uniformed military members, federal civilians, and contract workers, contributing to the overall economic growth of the region.
Looking ahead, Kirtland Air Force Base’s workforce is projected to expand further. Mission partners like Sandia National Laboratories are expected to add over 2,000 jobs, creating additional employment opportunities and stimulating economic growth. As the base continues to grow, it will continue to have a positive impact on the city of Albuquerque and the state of New Mexico.
By employing a diverse range of skilled professionals and supporting the economy through substantial payroll contributions, Kirtland Air Force Base serves as a cornerstone for economic development and prosperity in the local community.
Benefits of Kirtland’s Workforce:
- Stimulates economic growth in the Albuquerque area
- Provides stable income for over 23,000 individuals
- Supports local businesses and communities through consumer spending
- Contributes to the overall prosperity of the state of New Mexico
Facilities and Infrastructure
Kirtland Air Force Base boasts extensive facilities and infrastructure that support its mission and personnel. These assets contribute to the base’s economic development and showcase its significance in the area.
The base covers more than 50,000 acres, encompassing a wide range of facilities and amenities. Among them are:
- 765 buildings, covering nearly 8 million square feet of space
- 351 miles of roads
- Five fire stations
The value of these facilities is remarkable, amounting to over $5.2 billion. This investment underscores the commitment of Kirtland Air Force Base to maintaining modern and secure infrastructure that meets the needs of its personnel and supports its mission objectives.
Furthermore, the presence of fire stations ensures the safety and well-being of both military and civilian personnel on the base and in the surrounding areas.
Conclusion
Kirtland Air Force Base plays a vital role in the economic development and prosperity of the greater Albuquerque area. With a total economic impact surpassing $7.4 billion in fiscal year 2020, the base significantly contributes to the local economy. This impact is reflected in the employment opportunities it provides, supporting over 23,000 jobs and boasting an annual payroll of $2.25 billion.
Moreover, Kirtland Air Force Base’s commitment to the community extends beyond its direct economic contributions. By fostering and supporting small businesses, the base actively contributes to the growth and success of these enterprises. Contracts with small businesses, totaling over $287 million, create opportunities for women, minorities, veterans, and businesses in Historically Underutilized Business Zones (HUBZones).
Overall, Kirtland Air Force Base’s economic analysis highlights its substantial benefits to the local economy. The base’s presence and support for small businesses contribute not only to financial growth but also to the overall well-being of the greater Albuquerque region. The economic impact of Kirtland Air Force Base continues to be a driving force for economic growth and stability in the area.
