The Minot Air Force Base adds 12 thousand people to the community.
For the City of Minot the impact of that extra population has wide ranging influences.
Over a half a billion dollars.
“It’s incredibly valuable,” said Jason Zimmerman, Business Banking Officer at First Western Bank & Trust.
That’s how much money is going back into the community from Air Force Base personnel.
“It’s positive impact and affect on all of us and all of our businesses in the community,” said Zimmerman.
Jason Zimmerman works at bank and says that a significant amount of their customers are military.
“Retired members of the military that stay in our community they will open up small businesses and sometimes they need a little money to do that,” said Zimmerman.
“There are a lot of jobs, indirect jobs that are supported here, a lot of population that wouldn’t be coming here simply because they come here for the base,” said Douglas Bauer, US Air Force Major.
But the base helps more than the bank. Real Estate is another entity that values the extra people.
“We’re probably 40% of our business actually comes from military people,” said Flint Forsberg, Brokers 12 Real Estate.
The Air Force Base population is just over twelve thousand people. Of that number, 40% live on the base and 60% live in the city.
“A lot of them that do buy houses are here for a period of time and turn around and they sell those houses which generates business for us,” said Forsberg.
:When an airmen is transferred to Minot Air Force Base, they bring their families, and together they spend money in our restaurants, hotels and other local businesses.
“We’ve spend 525,000 dollars in a year, just military members staying in hotels,” said Bauer.
People say it would be hard to imagine Minot without the base, that’s because its value is more than just dollars and cents.
Major Bauer says that the economic impact has stayed consistent for the past few years.