Pr Preliminar liminary y Findings ndings Apri ril 2009 STUD - PowerPoint PPT Presentation

Pr Preliminar liminary y Findings ndings Apri ril 2009

STUD UDY OVE VERVI VIEW EW • Qua uantify tify the e value ue of the e Monta ntana na airp rpor ort t system • Spon onsored sored by MDT, , Aeron onauti autics cs Division ion • Majori rity ty FAA AA fun unde ded • 18 18 month nth study udy, , began an Fall l 2007 • Incl cluded ded extensi ensive e su survey y effor ort • As Assist sted ed by Morri riso son n Maierle le • Foll llowed ed FAA AA gui uidel eline ines • 120 airp rports ts analyzed yzed • Broch chures ures prepared red for 72 airp rpor orts ts • Iden entif tified ied qua uantitativ itative e and qua ualitat ative e benef enefit its

MONTANA AIRPORT SYSTEM • 7 Primar mary y Comme ommerci cial al Servic vice Ai Airp rpor orts ts • 8 Comme ommerci cial al Es Essenti ential al Ai Air Servi vice ce Ai Airp rpor orts ts • 20 High Volu lume me Gene neral al Aviation ion Ai Airp rpor orts ts (>10K 0K An Annual ual Opera rati tion ons) s) • 37 Selec lect t Genera neral l Aviation ion Ai Airp rpor ort • 48 Rur ural Ai Airp rpor orts ts • 120 Tot otal l Ai Airp rpor orts ts An Analyze yzed

MONTANA AIRPORT SYSTEM Montana Map Primary Commercial Airports Commercial EAS Airports High Volume GA & Other Select GA Airports

MONTANA AIRPORT SYSTEM • Montana’s commercial service airports enplane ane near arly ly 1. 1.48 48 million ion passen enger gers, s, including ding 786,600 ,600 annual visitor ors in 2007 • Over r 292,4 2,400 00 visitor ors s arrive e in Monta ntana na annually lly on genera neral l aviation ion aircraf aft • 344,0 ,000 00 annual l itiner nerant ant genera neral aviation ion oper erat ations ions • 4,432 432 regist istered red aircraf aft

METHODOLOGY What Benefits Are Measured in the Montana Economic Impact Study? • On On-airpor port t bus usine ness sses es • On On-airpor port t capital l imp mprovem emen ents ts • Visitor or spendin ending • Non on-aviation viation bus usine ness sses es depen pende dent nt on airp rports ts

METHODOLOGY What Metrics Are Used to Report Economic Benefits? • Jobs/e s/emplo loym ymen ent t (ful ull-ti time me equi uivalent) lent) • An Annual payrol oll/incom l/income • An Annual econo onomic mic out utput/ t/valu alue e of goods ods and se servi vices ces – Incl cludes des airp rport t related ed spend nding ng – Incl cludes des all visitor or spendin ending

METHODOLOGY How Was Data for the Study Gathered? • Sur urveys ys of all airp rpor orts ts and on-airp irpor ort t bus usine ness sses es • On On-sit ite e visits s to 35 airp rpor orts ts • Sur urveys ys of comm mmer ercial ial airline ne visi sitor ors • Sur urveys ys of transient nsient (visiting) siting) genera neral l aviation ion pilots ots/p /pas assen senger gers • Sur urveys ys of aviation ion depend penden ent t bus usine ness sses es • Second condary data so sour urces ces: : FAA AA, USFS, FS, BLM, M, Ho Hospi spitals tals

ECONOMIC MODELING First Round + Second Round = Total On-Airp On irpor ort t Tenant ants Direct Impacts Total Induced Economic Impacts Impacts Indirect Impacts Visitor ors Arriving iving on Aircra raft • Input/Output Econometric Model • IMPLAN Multipliers

METHODOLOGY What Factors Were Measured in the Direct Impact Category? • On On-airpor port t business sses es and tenants ts – FBOs – Airlines – Air Cargo go – Aerial al Applicat ator ors • Capital al imp mproveme ement nt projects ects (CIP IP) – FAA, MDT, , local l invest estme ment – CIP imp mpacts cts averaged ged over er multi-year r period od – CIP Impa mpacts cts at GA airp rports ts are transien ient t

METHODOLOGY What Factors Were Measured in the Indirect Impact Category? • Visitor or spendin ending g (comm ommer ercia cial l and genera neral aviation) ion) – Cumulativ lative e visitor or spending ing = indirect irect annual l econ onomic mic activi vity ty/o /output tput – $1 million on in visitor or spen endin ding g suppor orts ts 19 jobs – Jobs s suppor orted ed by visitor or spending ing are primar aril ily y in the e hosp spit itality/t lity/tour ouris ism m indust stry

METHODOLOGY How Are Induced (Multiplier) Impacts Estimated? • Mul ultipli lier ers us used d to measu sure re econom onomic c cycle le that t starts ts with h airp rpor orts ts/vi /visitor ors • Mul ultipli lier ers applied ed to both oth Direct ct and Indi dire rect ct Impa mpacts cts to estima imate e Induc duced ed Impacts cts • Modelin deling g proce cess s traces es re-sp spen ending ding of initial al dollar lars

EXAMPLE AIRPORT Billings ngs Logan n In Inte ternati rnational onal Airpor rport • Direct rect On Ai Airp rpor ort t Tenan nant t Impa mpacts cts • Sur urvey y Data Indi dica cates – 32 Bus usiness ness & Governm ernment nt Tenan nants ts On Ai Airp rpor ort – $90.3 0.3 Million on An Annual ual Out utput ut – 674 Em Emplo loyees es – $27.5 .5 Million on An Annu nual l Pa Payrol oll

EXAMPLE AIRPORT Billings ngs Logan n In Inte ternati rnational onal Airpor rport • Direct rect On Ai Airp rpor ort t Constr nstructi tion on Impa mpacts cts • Sur urvey y Data and Model del Indic dicat ate: e: – $11.0 .0 Million on in Avera rage ge CIP On Ai Airp rpor ort – 147.5 .5 Em Employee ees – $5.22 .22 Million on in An Annual ual Pa Payroll ll

EXAMPLE AIRPORT Billings ngs Logan n In Inte ternati rnational onal Airpor rport • Indirect ndirect Comme ommerci cial al Servi vice ce Visitor or Imp mpact acts Total Annual Number of Annual CS Annual CS Estimated Days Visitor Enplanements CS Visitors Stayed Expenditures 415,300 207,650 664,480 $60,740,100 • Sur urvey y Data Indi dica cates – 50% of Enp Enplani ning ng Pax Pax at BIL L are Visitor ors – 3.2 2 Days Stayed d on Average age – $91 Ex Expend enditure ture Per Visitor or Per Day

EXAMPLE AIRPORT Billings ngs Logan n In Inte ternati rnational onal Airpor rport • Indirect ndirect Comme ommerci cial al Servi vice ce Visitor or Imp mpact acts • $60.7 0.74 4 Million on Sup uppor orts ts – 1, 1,165 65 Jobs s in the e Visitor or Indu dustr try – $22.7 2.7 Million on in An Annual ual Pa Payroll ll

EXAMPLE AIRPORT Billings ngs Logan n In Inte ternati rnational onal Airpor rport • Indirect ndirect Gene neral al Aviation ion Visitor or Impac acts ts Total Annual Annual GA Number of True Transient Estimated GA Visitor Days Stayed Arrivals Visitors Expenditures 8,270 33,080 62,852 $6,285,200 • Sur urvey y Data Indi dica cates – 4 Pax Pax per Gener neral al Aviation ion Ai Aircraf aft – 1. 1.9 9 Days Stayed d on Average age – $100 00 Ex Expenditure enditure Per Person son

EXAMPLE AIRPORT Billings ngs Logan n In Inte ternati rnational onal Airpor rport • Indirect ndirect Gene neral al Aviation ion Visitor or Impac acts ts • $6.29 .29 Million on Genera nerates – 120.5 0.5 Jo Jobs in the e Visi sitor or Indust dustry – $2.34 .34 Million on in An Annual ual Pa Payroll ll

EXAMPLE AIRPORT Billings ngs Logan an In Inte ternat rnational ional Airpor rport Indiv ividu idual al Airpor rport t Brochure hure Summa ummary y Table ble

Statewide Economic Impact Impacts of All Airports First-Round Total Employment 12,134.5 18,743.5 Payroll $360.2 Million $600.0 Million Output $941.7 Million $1.55 Billion

Statewide Economic Impact • Ai Airp rpor orts ts in Monta ntana na sup uppor ort t nearly arly 18 18,750 750 jobs s which ich repres resents nts 4 percen ent t of all jobs bs in the e State. e. • Tot otal al econ onom omic c imp mpact ct for Monta tana na airp rports ts compr pris ises es 4.5 percent of Montana’s Gross State Product

Statewide Economic Impact Breakout by Airport Category 0% 2% 1% 4% 5% Primary (7) Commercial EAS (8) High Vol. GA (20) Select GA (37) GA CIP (57) Rural (48) 88%

Statewide Economic Impact Primary CS Airport Impacts First-Round Total Employment 10,865.0 16,623.5 Payroll $321.9 Million $534.2 Million Output $822.9 Million $1.35 Billion

Statewide Economic Impact Commercial EAS Airport Impacts First-Round Total Employment 528.5 861.5 Payroll $16.9 Million $28.4 Million Output $47.5 Million $79.7 Million

Statewide Economic Impact High Volume GA Airport Impacts First-Round Total Employment 492.0 820.5 Payroll $13.8 Million $23.3 Million Output $38.6 Million $63.8 Million

Statewide Economic Impact Select GA Airport Impacts First-Round Total Employment 257.5 529.5 Payroll $2.9 Million $5.1 Million Output $22.5 Million $37.0 Million

Statewide Economic Impact Rural GA Airport Impacts First-Round Total Employment 4 9 Payroll $142,600 $266,100 Output $288,200 $478,200