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 ….. o New Development and approximately 420 Jobs o $37M in Business Revenue o $22M in Personal Incomes and Revenues The Business Opportunities on the Horizon o UAS/Drone Center for Innovation - 2019 o New Corporate Jet Center 2020 o New Cargo Ramp and FEMA Distribution 2021 The City Water and Utilities are a key component o Water - summer 2019 o 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
Joint Use FEMA/Cargo Cargo & FEMA Facility Direct/Indirect Impacts- Cargo 2021 2019 2021 Incre Impact Summary Total Jobs Jobs- 1620 +300 18% Direct Jobs 148 Induced Jobs 62 Bus Rev- $78M 28% +$22M Indirect Jobs 91 Pers. Inc/Rev Total Jobs 300 $84M +$15M 17% State/LocalTax $15M +$3.4M 22% Personal Income ($1,000) Direct $5,230 $28M 39% Local Purch. - +$11M Induced $5,156 Indirect $4,834 Total $15,220 Total Investment $15M Business Revenue ($1,000) $22,706 Local Purchases ($1,000) $11,210 Net Local Investment $1M FAA/MAA AIP Funding $8M State and Local Taxes ($1,000) $3,439 PPP/FEMA $6M
Corporate Jet Center
Corporate Jet Center Corporate Jet Center Direct/Indirect Impacts- Jet Ctr 2021 Impact Summary Total Jobs 2019 2021 Incre Direct Jobs 32 Jobs- 1620 +67 4% Induced Jobs 15 Indirect Jobs 19 Bus Rev- $78M +$8.9M 11% Total Jobs 67 Pers. Inc. &Rev $84M +$3.9M 5% Personal Income ($1,000) Direct $1,478 State/Local Tax $15M +$1.1M 7% Induced $1,435 Indirect $993 $28M +$2.2M 8% Local Purch. - Total $3,906 Business Revenue ($1,000) $8,987 Partner Investment $6M Local Purchases ($1,000) $2,291 State and Local Taxes ($1,000) $1,143
UAS/Drone Center of Innovation
UAS/Drone Center of Innovation UAS/Drones Direct/Indirect Impacts- UAS Ctr 2021 Drone Center On-site and Visitor 2019 2021 Incre Impact Summary Total Jobs Jobs- 1620 +53 4% Direct Jobs 25 Induced Jobs 14 11% Bus Rev- $78M +$6.7M Indirect Jobs 15 Total Jobs 53 5% Pers. Inc. &Rev $84M +$3.9M Personal Income ($1,000) State/Local Tax $15M +$.9M 7% Direct $1,623 Induced $1,574 Local Purch. - $28M +$1.7M 8% Indirect $740 Total $3,937 Public-Partnership Investment $1M Business Revenue ($1,000) $6,757 Local Purchases ($1,000) $1,702 State and Local Taxes ($1,000) $962
2021 Economic Impact Direct/Indirect Impacts (7yrs) 2014 2021 Incre 2019 Jobs 48% 1370 1620 2040 Business Revenue 36% $84M $78M $115M Person. Inc &Rev $65M $84M $106M 63% State/Local Tax $7M $15M $20M 185% Local Purchasing $28M 68% $25M $42M
Visual 7yr Data Jobs 2500 Goal 500 Jobs by 2022 2040 2000 1500 1620 1370 420 1000 New Jobs 2021 48% 500 0 2014 2019 2021 Jobs- Bus Rev- Pers. Inc. &Rev State/Local Tax Local Purch. -
Visual 7yr Data Personal Income and Revenue 160 140 $106M 120 100 80 60 63% $65M 40 20 0 2014 2019 2021
Visual 7yr Data Business Revenue 140 $115M 120 100 80 $84M $78M 60 40 7% 36 % 20 0 2014 2019 2021
Visual 7yr Data State/Local Tax 25 20 $20M 15 10 185% 5 $7M 0 2014 2019 2021
Visual 7yr Data Local Purchasing 50 45 $43M 40 35 30 25 20 $25M 15 68% 10 5 0 2014 2019 2021
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
Infrastructure Development 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 New Airport Crash Fire Rescue Building Open in Summer 2019 New ARFF w/ Restaurant and Observation Deck
Infrastructure Development Maybe not in 2021 2019 will Bring….
Infrastructure Development Opening Summer 2019
Joint Use FEMA/Cargo 2021
Infrastructure Development 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 Project Challenge “fiscal recovery”
The Future is First Class at SBY Regional Airport
Name is the Same…but with a new Vision!
Thank you- and Visit us website flySBYairport.com twitter @flySBYairport facebook salisburyregionalairport@flySBYairport 12/10/2018
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