The overall economic impact of Peterson Air Force base grew 5.1 percent last year – thanks to more employees, more military construction expenses and an increase in jobs and salary for positions indirectly supported by the Air Force base.
Peterson estimates that it had a $1.2 billion impact to the regional economy last year, an increase from $1.1 billion the year before.
The base has 11,277 civilian and military employees and supports an annual payroll of more than $500 million annually. Last year, the base spent more than $516 million in construction, services, materials and equipment.
The analysis provided by Peterson estimates the base created nearly 5,000 jobs in the local community, with an average salary of $43,814.