The Maryland Department of Business and Economic Development (DBED) recently tasked the Regional Economic Studies Institute (RESI) of Towson University with determining the economic impact of the state's military installations. The results were announced yesterday by DBED Secretary Mike Gill at the Maryland Military Installation Council meeting.
RESI estimates that Maryland's military installations generated $51.8 billion and supported 350,411 jobs during fiscal year 2012. Additionally, thousands of visitors to the facilities spent more than $123.3 million.
Fifteen Maryland military facilities were analyzed duringthe study, including:
- Joint Base Andrews
- Aberdeen Proving Ground
- Fort Detrick
- Fort George G. Meade
- National Maritime Intelligence Center
- Naval Support ActivityBethesda
- Patuxent River Naval Air Station
- Curtis Bay Coast Guard Yard
- Maryland National Guard
- Naval Research LabChesapeake Bay
- Naval Support ActivityAnnapolis
- Naval Support Warfare CenterCarderock
- Naval Support Warfare CenterIndian Head
- Army Research LaboratoryAdelphi
- Army Corps of EngineersBaltimore
The FY2012 results show a significant increase since the FY2008 results, generating 264,000 jobs and $35.5 billion in economic impact.
Read the full Maryland Military Installation Economic Impact Study on our website.