Florida Defense Industry Economic Impact Analysis

Military activity in Florida has long been a major source of employment for state residents, sales revenue for companies, and tax revenues for state and local government. Aggregate Department of Defense spending flowing directly into the State of Florida during fiscal year 2002 amounted to $21.7 billion in wages, pensions and other transfers, goods and services. The principal finding of this study is that fiscal year 2002 defense-related spending was responsible for $44 billion (in 2003 dollars) in output, or gross state product, in Florida.

 

The University of West Florida's Haas Center for Business Research and Economic Development completed the following report on the economic impact of defense spending in the state of Florida in 2003. An updated report is currently in the works.

 

The Florida Defense Alliance, an organization created within Enterprise Florida, in 1998 to ensure that Florida along with its military bases, and its military host communities are improving base efficiencies as the United States continues its Defense Realignment and Base Capabilities Assessments. www.floridadefense.org


The Economic Impact Analysis


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