Posted: Fri Jun 17, 2005 01:00:28 am
Joined: 17 Jun 2005
Location: Carmel, IN
For those who didn't hear a few weeks ago, the proposed latest round of the Base Realignment and Closure Commission has called for the consolidation of sites within the Defense Finance and Accounting Service (DFAS). This means that the big DFAS facility in Lawrence (NE of Indy), aka the Major Bean center, is slated to gain a net 3500 jobs.
This will be huge for Indy. These are, for the most part, mid to high salary, white collar jobs. And using the multiplier that most economists use when calculating the downstream effect of this kind of jobs gain (usually 4 or 5), this could mean a net gain of nealy 20,000 jobs. (The multiplier basically accounts for the fact that people who move into a metro area shop at stores, get haricuts, use doctors, banks, etc., etc., and the creation of some jobs in one part of a local economy leads to the creation of additional jobs to support the added population). This kind of thing doesn't happen everyday. If the BRAC plan goes through as planned, Indy wins big.