The Regional Economic Impact of Camp Dodge
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The Department of Economic Science was founded in 1898 to teach economic theory as a truth of industrial life, and was very much concerned with applying economics to business and industry, particularly agriculture. Between 1910 and 1967 it showed the growing influence of other social studies, such as sociology, history, and political science. Today it encompasses the majors of Agricultural Business (preparing for agricultural finance and management), Business Economics, and Economics (for advanced studies in business or economics or for careers in financing, management, insurance, etc).
History
The Department of Economic Science was founded in 1898 under the Division of Industrial Science (later College of Liberal Arts and Sciences); it became co-directed by the Division of Agriculture in 1919. In 1910 it became the Department of Economics and Political Science. In 1913 it became the Department of Applied Economics and Social Science; in 1924 it became the Department of Economics, History, and Sociology; in 1931 it became the Department of Economics and Sociology. In 1967 it became the Department of Economics, and in 2007 it became co-directed by the Colleges of Agriculture and Life Sciences, Liberal Arts and Sciences, and Business.
Dates of Existence
1898–present
Historical Names
- Department of Economic Science (1898–1910)
- Department of Economics and Political Science (1910-1913)
- Department of Applied Economics and Social Science (1913–1924)
- Department of Economics, History and Sociology (1924–1931)
- Department of Economics and Sociology (1931–1967)
Related Units
- College of Agricultural and Life Sciences (parent college)
- College of Liberal Arts and Sciences (parent college)
- College of Business (parent college)
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Abstract
This study measures the economic impact of state and federal government operations located at Camp Dodge. The analysis benefitted from detailed fiscal 2013 expenditure information from federal and state activities at the facility to estimate the total, multiplied‐through economic impact of the facility for the central Iowa economy. Of the major findings: Camp Dodge is home to 1,184 jobholders, both military and civilian, who earned collectively $77.86 million in labor income in 2013. The facility attracted nearly 385, 000 visitors for training or instruction. Those visitors were estimated to spend $35.4 million on retail and services in central Iowa during their stay. The facility required construction activities as well as purchases of equipment. Combined capital development or accumulation at the facility was $7.9 million in fiscal 2013. When these data were properly classified and entered into an input‐output model of the central Iowa economy, they produced the multiplied‐through summaries of the economic impact of the facility for the region.