Grissom Economic Impact Grows

Posted: Updated:
Grissom is home to the 434th Air Refueling Wing. (photo courtesy Grissom Air Reserve Base) Grissom is home to the 434th Air Refueling Wing. (photo courtesy Grissom Air Reserve Base)
GRISSOM AIR RESERVE BASE -

Grissom Air Reserve Base in Miami County is reporting significant growth. The base says the 434th Air Refueling Wing had a total economic impact of just over $134 million for fiscal year 2017, up from $122 million the previous year.

Grissom says it remains the largest employer in Miami County with a payroll of $66 million between military personnel and civilian pay. The base also expended more than $40 million in equipment, supplies, contracts and minor construction during the fiscal year, directly impacting local job creation by nearly $27 million.

"Anyone walking across the installation can see improvements made to the parking lots, lighting, computer systems and perimeter fencing," said Martin Foye, financial services officer for the 434th Air Refueling Wing. "It’s clear to anyone working on or with the base that our operations tempo is the highest in over a decade and the Air Force is making sure we are equipped not just for today, but that we have the latest technological systems in place to carry us well into the future."

Foye adds Grissom's economic impact extends beyond Miami County because the base recruits and hires employees from throughout the state and nation. He says most relocate closer to Grissom, but some commute from several counties away.

"Grissom Reservists come from the far reaches of Indiana each month and venture out into the surrounding communities for meals, entertainment and shopping that bring a boost to Cass, Howard and Miami counties on drill weekends," said Foye. "Those Reservists feel welcome in these communities and think of them as a second home."

Foye says Grissom's ability to manage and prioritize its funding makes it a highly-valuable asset for the local economy.

  • Perspectives

    • 3 Tips to Attract and Retain Employees in the Gig Economy

      The gig economy has been around ever since workers began looking for supplemental income, but, it has recently evolved with the introduction of technology. Companies emerging like Uber, Lyft and GrubHub, are changing the gig economy landscape of the workforce. The gig economy has attracted millennials and Gen Zers because of the flexibility and autonomy to work from anywhere, at any time.

    More

Subscribe

Name:
Company Name:
Email:
Confirm Email:
HTML
INside Edge
Morning Briefing
BigWigs & New Gigs
Life Sciences Indiana
Indiana Connections
INPower
Subscribe
Unsubscribe

Events



  • Most Popular Stories

    • (photo courtesy of Indianapolis International Airport)

      Indy Airport Showcases New Retail Offerings

      Indianapolis International Airport is celebrating the opening of the first wave of new retail offerings. The new stores are part of the airport's multi-year Concessions Refresh initiative, which aims to bring a greater mix of nationally-known brands, such as FAO Schwarz and Vineyard Vines, with more local offerings, including Natalie's Candy Jar and Fountain Square Market. In all, nine new retail stores opened Tuesday morning. In an interview with Inside INdiana Business...

    • (Image of downtown Shelbyville courtesy of Mainstreet Shelbyville Inc.)

      Shelbyville Unveils Major Downtown Redevelopment

      The city of Shelbyville is announcing what it calls a major downtown redevelopment project to boost overall quality of life. The project plans feature green spaces, increased parking, market-rate housing, and infrastructure for public entertainment and community events. 

    • The IU School of Informatics, Computing and Engineering will now be named for Fred Luddy for his $60M gift. (photo courtesy James Brosher/IU)

      $60M Gift to Fund AI Center

      An Indiana University alumnus who founded the information technology firm, ServiceNow, has given his alma mater $60 million to establish an artificial intelligence center. The university says the gift from cloud-computing pioneer Fred Luddy is the second largest in the history of the IU.

    • DePauw University ranked No. 20 on list of Best "Colleges"

      Small Indiana Colleges Rank High Nationally

      Indiana has two institutions of higher learning, with intentionally small enrollments, that rank in the top 30 in the nation for an overall experience.  The personal finance website, WalletHub, conducted a survey of what it calls the 2020 Best College Ranking. 

    • Transpo is South Bend's municipal bus system. (photo courtesy of Transpo)

      South Bend Launches Free Fare Program

      The city of South Bend has launched a new initiative to help a select number of residents who don’t have reliable and easy access to transportation get to work. The program is called Commuters Trust.