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New Study Project Major Growth In Regional Economic Impact From Central Coast Military Base

(Photo Courtesy SpaceX)
A SpaceX Falcon 9 rocket at Vandenberg Air Force Base. The base has been renamed Vandenberg Space Force Base.

Research projects $1.5 billion dollar growth over next decade

A new study shows the economic impacts of a Central Coast military base on the region could increase by $1.5 billion dollars over the next decade.

The research commissioned by the regional economic impact organization REACH suggest Vandenberg Space Force Base could add more than 1900 new jobs a year for the next decade. The study shows other impacts include base personnel who retire but stay in the areas, and tourists attracted by rocket launches.

The report was done by Cal Poly San Luis Obispo, and commissioned by REACH. It suggests the base's economic impact could go from $4.5 to $6 billion dollars by 2030.

By the way, Friday was the day Vandenberg Air Force Base officially became Vandenberg Space Force Base. The name change reflects its role as a part of the new branch of the U.S. Military, the U.S. Space Force.