By Economic Development Research Group for the Fort Drum Regional Liaison Organization, 2001, 2004 and 2008
The Fort Drum army base in Watertown, NY has grown significantly in the past twenty years, and with that, the surrounding regional economy has changed. In 2001, the Development Authority of the North Country hired a team of Nutter Associates and Economic Development Research Group to assess economic effects of the major army base on the surrounding three-country region in northern New York State.
The study examined impacts on the regional economy, as well as population, employment, schools, hospitals, housing, retailing, and, local government. The initial study used the REMI economic forecasting and policy analysis model. The project team subsequently developed a spreadsheet model that could be used to estimate impacts of future changes in base deployment and activity levels on regional employment and income, as well as tax revenues and costs within the region.
In 2004 and again in 2008, staff of Economic Development Research Group recalibrated the economic and fiscal impact model using new data from the IMPLAN modeling system and new data on municipal, county and state finances. The latest update added features to account for longer deployments of military personnel overseas and movement of spouses and families during those periods.