Texas comptroller: Red River Army Depot had $1.7B economic impact in 2019

Texas

TEXARKANA — The Texas Comptroller of Public Accounts analyzed the impact of U.S. military installations within Texas and determined the Red River Army Depot had an economic impact of $1.7 billion in 2019.

Red River Army Depot also provided 10,566 jobs, according to the comptroller.

The analysis was conducted at the request of the Texas Military Preparedness Commission, and the total impact across the state of U.S. military installations was $123.6 to the Texas economy in 2019 and supported 630,000 jobs.

“The military installations in Texas are a vital contribution to our strategic national defense and provide a significant economic impact on the entire state economy,” said Texas comptroller Glenn Hegar. “In most cases these bases and the men and women who work there are the lifeblood of their communities – supporting local businesses, buying homes and creating the fabric of their neighborhoods. But the economic impact can be felt by every Texan and supports jobs in a wide variety of industries and sectors of the state economy. I applaud the Governor’s efforts to ensure continued support for these important installations.”

Dennis Lewis, the TMPC commissioner appointed by Texas governor Greg Abbott, says they have been working for a long time to ensure the Red River Army Depot is able to withstand the changes that come from the federal government.

A few volunteers in this community have been working behind the scenes for a long time to ensure that we retain jobs, prepare for workload shifts, and are in a good position should another BRAC ever come along. Red River Army Depot is one of the largest economic drivers for our region, and it is imperative we continue to work to protect and grow this sector of our local industrial base. A loss of more than 10,000 jobs (direct and indirect) would cripple our local economy and directly affect our quality of life.”

Governor Abbott called the bases such as Red River Army Depot “a key driver of the Texas economy.”

Said Abbott: “Now more than ever, these jobs add critical stability for communities focused on economic recovery following the COVID-19 pandemic. That is why I will continue to work with the Texas Legislature and TMPC to ensure that military installations in Texas keep adding unmatched value for our nation.”

The comptroller’s economic impact analysis is a conservative estimate of the economic importance of the Red River Army Depot to Texas.