Cherry Point's economic impact on region dips slightly

harrier

An AV-8B Harrier flies in the sky at Cherry Point. The base released a report indicating its economic impact on the area in 2013 was $2.16 billion, about $35 million less than 2012.

Ken Buday/Havelock News
Published: Wednesday, June 4, 2014 at 16:01 PM.

Cherry Point released its annual economic impact report last week, showing slight decreases in overall workforce and total economic impact in the last fiscal year.

According to the new report, the combined total of procurement construction, maintenance and service contracts, utilities, education, training and travel, health and medical contributions, concessionaire revenue opportunities, and military and civilian salaries was $2.16 billion in 2013, about $35 million less than in 2012. Economic impact in 2011 was $2.05 billion.

Fiscal year 2013 salaries of military and civilians totaled $1.21 billion, down from $1.23 billion in 2012 and $1.29 billion in 2011.

Total workforce at Cherry Point in 2013 was 14,520, down from 14,693 in 2012 and 14,915 in 2011.

Col. Chris Pappas III, commanding officer at Cherry Point, wrote in the report that the slightly lower numbers for the year were in part due to “endured complications from sequestration and personnel furloughs.”

“Together with our tenant commands, we continue to play a vital role in the economic stability of Eastern North Carolina, significantly contributing to the economic health of the entire state,” Pappas said in the report.

Despite the dip, Havelock Mayor Will Lewis said the base was still the biggest economic engine in Havelock and Eastern North Carolina.



1 2 3
Next

Reader comments posted to this article may be published in our print edition. All rights reserved. This copyrighted material may not be re-published without permission. Links are encouraged.

COMMENTS
▲ Return to Top