Types of Economic Impact

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Presentation transcript:

Types of Economic Impact Direct: Revenue that is generated directly as a result of airport employment & the operation of airport businesses. Indirect: Measures the economic activity associated with the money spent at the airport & in the community. Induced: Multiplier effect that recognizes that money spent by an airport employee or business partner is recycled in the local community.

Economic Impact of Aviation in Arizona $32B Annually 185,000+ Jobs $7.1B Payroll Annually $1.8B Tax Revenue

Direct Economic Impact of Phoenix Sky Harbor International Airport 57,432 Jobs at the Airport $13B Payroll

Direct Economic Impact of Phoenix Deer Valley Airport 965 Jobs $72M Payroll

Phoenix Deer Valley Airport Partners Fixed Base Operator Flight Schools Phoenix Police Restaurant Self-Serve Aviation Fuel Arizona Game & Fish Aircraft Restoration

Opportunities for Airports FBO Flight Training Fuel Sales Restaurant Aircraft Maintenance Aircraft Interiors Propeller Repair Engine Repair Avionics Painting Services Agriculture Sightseeing Sky Diving Space Port Defense Contractors Manufacturing

Keys to Success Airport Infrastructure Affordable Ground Rent Rates “Destination” Community Engage Economic Development Department

Maximizing Local Airports: The Economic Impact of Aviation to Arizona’s Communities

140 acres surrounded by state trust land 811.5 square nautical miles 1,075 square statute miles Perimeter: 130 nautical miles 149.6 statute miles Unrestricted airspace Elevation from 3,179 to 7,005 feet FAA & NAS airspace Population is minimal

Thank You!