At the request of the Texas Military Preparedness Commission (TMPC), the Texas Comptroller of Public Accounts has analyzed the economic impact of Fort Hood on the Texas economy. The Comptroller estimates that Fort Hood contributed $35.4 billion to the Texas economy in 2015.
Data used in this analysis was provided by Fort Hood to the TMPC, which forwarded it to the Comptroller’s Data Analysis staff. Exhibit 1 lists the data submitted by Fort Hood for the purpose of this analysis.
Total supported population:
Education Impact Aid — $62,953,276
Source: Fort Hood 2
Comptroller Data Analysis staff applied data submitted by Fort Hood as inputs using the REMI (Regional Economic Models, Inc.) model for the State of Texas to generate estimates of the installation's contributions to state-level employment, gross domestic product, output and disposable personal income (Exhibit 2). 3
|Total employment 4||201,538|
|Gross domestic product 6||$21,025,080,000|
|Disposable personal income 7||$12,237,052,000|
Source: REMI Model for Texas
The Texas Comptroller of Public Accounts recognizes that military installations impact the state economy in tangible ways that may be difficult to measure. Each installation's distinctive characteristics contribute to the Texas economy but, while instrumental to the state's economic growth, cannot always be quantified. Although the estimated contributions presented above provide a strong indicator of the economic importance of Fort Hood to Texas, the Comptroller acknowledges there is potential for additional positive economic impact to the state.