2019 Economic Forecast December 7, 2018 Presented by Dawn RH - - PowerPoint PPT Presentation

Airport Vision, Projects & Economic Engine

2019 Economic Forecast December 7, 2018

Presented by Dawn RH Veatch, Manager SBY Regional Airport

Vision for the Future

The Next 5 years will bring …..

• New Development and approximately 420 Jobs
• $37M in Business Revenue
• $22M in Personal Incomes and Revenues

The Business Opportunities on the Horizon

• UAS/Drone Center for Innovation -

2019

• New Corporate Jet Center

2020

• New Cargo Ramp and FEMA Distribution

2021 The City Water and Utilities are a key component

• Water - summer 2019
• And we are exploring Natural Gas and Solar

Economic Impact from SBY

Direct/Indirect Impacts 2014 2019

– Jobs- 1370 1620 – Business Revenue- $84M $78M – Personal Income &Revenue $65M $84M – State and Local Taxes $ 7M $15M – Local Purchasing - $25M $28M

Economic Impact Piedmont Airlines

SBY Regional Airport Largest Employer

• Headquarters
• Maintenance Base
• High paying technical and skilled jobs
• New Fleet 100% regional jet operation

Industrial Park with Cargo Ramp

Impact Summary Total Jobs Direct Jobs 148 Induced Jobs 62 Indirect Jobs 91 Total Jobs 300 Personal Income ($1,000) Direct $5,230 Induced $5,156 Indirect $4,834 Total $15,220 Business Revenue ($1,000) $22,706 Local Purchases ($1,000) $11,210 State and Local Taxes ($1,000) $3,439

Cargo & FEMA Facility Total Investment $15M Net Local Investment $1M FAA/MAA AIP Funding $8M PPP/FEMA $6M

Joint Use FEMA/Cargo

Direct/Indirect Impacts- Cargo 2021 2019 2021 Incre Jobs- 1620 +300 18% Bus Rev- $78M +$22M 28%

• Pers. Inc/Rev

$84M +$15M 17% State/LocalTax $15M +$3.4M 22% Local Purch. - $28M +$11M 39%

Corporate Jet Center

Corporate Jet Center

Impact Summary Total Jobs Direct Jobs 32 Induced Jobs 15 Indirect Jobs 19 Total Jobs 67 Personal Income ($1,000) Direct $1,478 Induced $1,435 Indirect $993 Total $3,906 Business Revenue ($1,000) $8,987 Local Purchases ($1,000) $2,291 State and Local Taxes ($1,000) $1,143

Corporate Jet Center Partner Investment $6M Direct/Indirect Impacts- Jet Ctr 2021 2019 2021 Incre Jobs- 1620 +67 4% Bus Rev- $78M +$8.9M 11%

• Pers. Inc. &Rev

$84M +$3.9M 5% State/Local Tax $15M +$1.1M 7% Local Purch. - $28M +$2.2M 8%

UAS/Drone Center of Innovation

Impact Summary On-site and Visitor Total Jobs Direct Jobs 25 Induced Jobs 14 Indirect Jobs 15 Total Jobs 53 Personal Income ($1,000) Direct $1,623 Induced $1,574 Indirect $740 Total $3,937 Business Revenue ($1,000) $6,757 Local Purchases ($1,000) $1,702 State and Local Taxes ($1,000) $962

UAS/Drones Public-Partnership Investment $1M

UAS/Drone Center of Innovation

Drone Center Direct/Indirect Impacts- UAS Ctr 2021 2019 2021 Incre Jobs- 1620 +53 4% Bus Rev- $78M +$6.7M 11%

• Pers. Inc. &Rev $84M

+$3.9M 5% State/Local Tax $15M +$.9M 7% Local Purch. - $28M +$1.7M 8%

2021 Economic Impact

Direct/Indirect Impacts (7yrs)

2019 Incre Jobs 1370 1620 2040 48% Business Revenue $84M $78M $115M 36%

• Person. Inc &Rev

$65M $84M $106M 63% State/Local Tax $7M $15M $20M 185% Local Purchasing $25M $28M $42M 68% 2014 2021

Visual 7yr Data

500 1000 1500 2000 2500

2014 2019 2021

Jobs

Jobs- Bus Rev-

• Pers. Inc. &Rev

State/Local Tax Local Purch. -

Goal 500 Jobs by 2022

420 New Jobs 2021 2040 1370 48% 1620

Visual 7yr Data

20 40 60 80 100 120 140 160

2014 2019 2021

Personal Income and Revenue

$65M $106M 63%

Visual 7yr Data

20 40 60 80 100 120 140

2014 2019 2021

Business Revenue

$84M $115M $78M

36%

7%

Visual 7yr Data

5 10 15 20 25

2014 2019 2021

State/Local Tax $7M $20M 185%

Visual 7yr Data

$25M $43M 68%

5 10 15 20 25 30 35 40 45 50

2014 2019 2021

Local Purchasing

Airport Expansion & Improvement

Runway Extension Master Plan

Critical to SBY continued Development and Growth

Critical Aircraft at 8000’RWY- new length

• B-757 loaded to west coast and Central

America and Caribbean – non-stop

• EMB 145LR- Piedmont w/out restrictions
• Corporate Jets Long Haul

Terminal Improvements Increasing the Passenger Experience

– New Passenger Lounge and Food & Beverage – New seating in the Lobby – New Iconic photos of our Community – Increased charging outlets – Refurbishing the Restrooms – Adjusting Parking Fee

Infrastructure Development

Safety and Capacity Enhancements

• New ARFF (Crash Fire Rescue ) Facility
• UAS/Drone Center for Innovation
• New Runway Extension to 8000’
• New Cargo Ramps & FEMA Area
• Increasing awareness of our Opportunities

Infrastructure Development

Infrastructure Development

New ARFF w/ Restaurant and Observation Deck

New Airport Crash Fire Rescue Building Open in Summer 2019

Infrastructure Development

Maybe not in 2021 2019 will Bring….

Infrastructure Development

Opening Summer 2019

Joint Use FEMA/Cargo

2021

Challenges

• Easton and Georgetown, OC, Manassas

– Recapturing our lost business opportunities

• Developers and Investors

– New Box Hangars – Public Pvt Partnership – Most Airport Sponsors build community hangars

New Strategies for Competition

Infrastructure Development

Infrastructure Development

Project Challenge “fiscal recovery”

The Future is First Class at SBY Regional Airport

Name is the Same…but with a new Vision!

website flySBYairport.com twitter @flySBYairport facebook salisburyregionalairport@flySBYairport

12/10/2018

Thank you- and Visit us