What is the economic impact of Fort Monmouth on the surrounding area?
Fort Monmouths economic impact on New Jersey is measured at $3.24 billion with responsibility for 22,774 New Jersey jobs for Fiscal Year 2004 according to an analysis by fort personnel. The analysis relied upon a still-valid methodology used by the New Jersey Commerce and Economic Growth Commission in a similar analysis it completed in cooperation with Fort Monmouth in 2002. The analysis of overall economic impact includes the direct effect of $478.4 million for payroll and benefits received by the forts military and civilian employees, as well as the $864.6 million in contracts awarded by fort organizations to New Jersey companies or to companies of other states for work performed at Fort Monmouth. Along with estimated spending by government travelers to Fort Monmouth, aid paid to local schools and estimated private sector pay received by family members of Fort Monmouth employees, direct expenditures from Fort Monmouth to New Jersey amounts to $1.415 billion. The total estimated econo
