What's the Military worth to Townsville

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What's the Military worth to Townsville

AT LAST, we know just how much the military means to the Townsville economy - more than $1b.

That's according to a James Cook University economics lecturer Dr Riccardo Welters.
At the moment, Defence is worth $300m in wages every year, locally produced goods and services to the tune of $150m and goods and services produced elsewhere but supplied locally worth $65m.
Indirectly Defence is responsible for another $656m annually in the Townsville economy.
And that's BEFORE 3RAR moves to Townsville at the end of next year.
When 3RAR arrives, it will mean another $490m in direct spending and an incredible injection of $643m in indirect spending.

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