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NGA: State Financing Strategies to Address the Economic Impacts of BRAC

Military installations are a major source of economic stability for states and localities across the nation. When the U.S. Department of Defense (DoD) reorganizes its military installation infrastructure through the Base Realignment and Closure (BRAC) process, the economic impact can place a great deal of strain on the local community. The current round of BRAC will impact military communities in different ways as some bases close and other bases expand as a result of mission growth. Since states and localities ultimately are affected by BRAC, it is best if they work together with the federal government to plan and implement economic development strategies tailored to their specific needs.

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