At the request of the Texas Military Preparedness Commission (TMPC), the Texas Comptroller of Public Accounts has analyzed the economic impact of Red River Army Depot on the Texas economy. The Comptroller estimates that Red River Army Depot contributed $2.1 billion to the Texas economy in 2015.
Data used in this analysis was provided by Red River Army Depot to the TMPC, which forwarded it to the Comptroller’s Data Analysis staff. Red River Army Depot also submitted additional data directly to Comptroller staff, at their request, for clarification. Exhibit 1 lists the data submitted by Red River Army Depot for the purposes of this analysis.
Data submitted to Texas Military Preparedness Commission:
Data submitted to Texas Comptroller of Public Accounts:
Education Impact Aid 1 — $17,404
Source: Red River Army Depot 2
Comptroller Data Analysis staff applied data submitted by Red River Army Depot 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||16,936|
|Gross domestic product 6||$1,308,481,000|
|Disposable personal income 7||$898,101,000|
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 Red River Army Depot to Texas, the Comptroller acknowledges there is potential for additional positive economic impact to the state.