major effect on the local economy. According to some estimates, Holloman accounts for half of the Alamogordo economy. According to the 49th Fighter Wing Public Affairs office, as of January 2008 Holloman directly employs 6,111 person with a gross payroll of $266 million. It indirectly creates another 2,047 jobs with a payroll of $77 million. The estimated amount spent in the community, including payroll, construction projects, supplies, services, health care, and education, is $482 million.
The first F-22 Raptor assigned to Holloman AFB arrives on June 2, 2008
An estimated 6,700 military retirees live in the area. Counting both USAF and German Air Force personnel there are 1,383 active military and 1,641 military dependents living on base and 2,765 active military and 2,942 military dependents living off base.
Future Combat Systems is a wide-ranging modernization project of the US Army. Much of the work will be done at Fort Bliss, with some at White Sands Missile Range and some at Holloman Air Force Base. Alamogordo is expected to get some economic benefit due to its proximity to these three bases.
Otero County Economic Development Council is a nonprofit organization founded in 1984. Its focus has generally been on job creation and recruiting and expanding businesses in Otero County, including helping them satisfy business regulations in New Mexico and lining up funding. Its role expanded in 2000, when Alamogordo passed an Economic Development Gross Receipts Tax. OCEDC continues to work to attract businesses, but now it also helps develop the incentive packages that will be paid by the new tax, and a portion of the tax receipts go to fund OCEDC's operating expenses. Formal economic development plans have been adopted by Alamogordo and by Otero County.
OCEDC has recruited several new employers by using financial incentives. A 1-800-Flowers call center opened in November 2001 and received $1.25 million in city rent abatements, a 50%
