The Budget Office of the 5th Bomb Wing Comptroller presented its annual economic impact analysis report for Minot Air Force Base at a meeting of the Minot Area Chamber EDC Military Affairs Committee on Thursday, February 1, 2024.
The group revealed that the total economic impact of MAFB (Minot Air Force Base) in 2023 was $621,623,570.
“Minot isn’t Minot without Minot Air Force Base, and the release of the economic impact statement each year really lays out the impact the base has on the community and state,” Brekka Kramer, President | CEO of the Minot Area Chamber EDC, shared. “We are forever grateful for all who serve and what they do for our community and nation.”
The report estimated Minot AFB is responsible for 6,411 jobs on the base itself, and another 1,995 indirect positions in the Minot area. It is approximated that the total worth of base affiliated jobs are worth $117 million.
In addition to the monetary significance on the local economy, Minot AFB officials also highlighted the base population and demographic information that often inspires local initiatives and activities. Overall, 11,827 people made up the Minot Air Force Base population that include military personnel, their families, and civilian employees on base.
Kramer highlighted how the report offers only a glimpse into the tremendous significance that Minot Air Force Base holds for the Minot area. “Having concrete numbers is a fantastic way to see the way that the base supports the local economy. However, Minot Air Force Base contributes so much more in its mission to protect our nation and for all who serve and call the Minot area home, whether that be for a few months or a lifetime. We are extremely lucky to have so many supportive people bringing new perspectives to the community and sharing the Magic in Minot,” she said.