Economic Impact of Whiting Field

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Presentation transcript:

Economic Impact of Whiting Field

Labor Force Total Employment Impact on Employment 24,706 Single-Year Impact Private Employment Total Employment Labor Force 24,706 178,283 11,021 115,886 6,973 69,882 10-Year Total of Jobs-Year

Impacted by Whiting Field are in Private Industry Impact on Employment 71% of Jobs Impacted by Whiting Field are in Private Industry

Employment by Industry Private Industry Employment Health Care (12%) Hotels, Restaurants (8%) Other (5%) Prof, Sci, Tech (4%) Waste Management (3%) Retail (16%) Construction (14%)

Government Employment

Impact on the Economy $1.29 Billion $1.9 $1.2

10-Year Impact $21.8 Billion $20.3 $12.6

Population Loss 9,100 retirees Contractors, Federal Civilian Workers Military Dependents Nearly 3,000 school-aged children Military Personnel 87% of whom are 40 years old or younger

Opportunity for Growth Corpus Christi’s Training Air Wing 4 was absorbed by Whiting Field 600 new pilots a year 1,169 new jobs 520 of which would be private industry 3,677 new population $82.4 million in Value Added (GDP) to the Economy $129 million in Output

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