1st Lt. Mike Reissfelder, deputy budget officer of the 5th Comptroller Squadron, presented the economic impact report at the Minot Area Chamber EDC’s Military Affairs Committee meeting held at Minot State University on Thursday. The information is as of Sept. 30, 2024.

The annual report includes the annual payroll of military members and civilians employed at the base, expenditures and value of indirect jobs created.

According to the report, fiscal year 2024 economic impact was 4.8% higher than fiscal year 2023. Key factors in the analysis include an increase of 7.5% in the active-duty annual payroll and a decrease of 4.3% in the total of construction/services contracts/procurements.

According to Minot AFB information, “To produce the data, the 5th Bomb Wing Comptroller Squadron gathers information related to Minot AFB’s organizational purchases, contracts, utilities, construction, along with number of personnel and their payroll from multiple different sources. All that data is then compiled and analyzed according to official Air Force directorates. Following Department of Defense standards, multipliers, like the Indirect Jobs multiplier, were developed based on the size of the employment base for each region surrounding an installation and the mission set of the installation.”

Minot Air Force Base’s 91st Missile Wing and Vandenberg Space Force Base’s 576th Flight Test Squadron, coordinate with other agencies during the simulated electronic launch of a Minuteman III (SELM) at Minot Air Force Base on Sept. 17, 2024. U.S. Air Force photo by Senior Airman Alexander Nottingham.

The total annual payroll of Minot AFB was $451.9 million in fiscal year 2024. This includes $369.2 million for military personnel, $1.6 million for Air Force Reservists, $67.7 million for civilians paid with appropriated funds and $13.3 million for other civilians.

In fiscal year 2023, the yearly payroll was $420.3 million.

Annual expenses for construction and service contracts, and other procurements, totaled $80.6 million.

The value of indirect jobs created had a dollar value of $118.9 million with 2,015 indirect jobs created. Indirect jobs show how base money ripples through the local economy.

The base had a total yearly population of 12,825 people. That number includes 5,480 military members, 6,346 family members of active-duty military members and 999 civilians employed at the base.

According to the report, 1,512 military retirees live in the Minot area. Military retirees are not included in the analysis; however, they had a $42.7 million impact on the Minot area in fiscal year 2024.

The bottom line, according to the report, is the total impact of Minot AFB can be valued at $652 million.