Illinois DOT Study Shows Value Of Airports | Aero-News Network
Aero-News Network
RSS icon RSS feed
podcast icon MP3 podcast
Subscribe Aero-News e-mail Newsletter Subscribe

Airborne Unlimited -- Recent Daily Episodes

Episode Date

Airborne Unlimited-
Monday

Airborne-Unmanned w/AUVSI-
Tuesday

Airborne Unlimited-
Wednesday

AMA Drone Report-
Thursday

Airborne Unlimited-
Friday

Airborne On ANN

Airborne 06.18.18

Airborne-UnManned 06.19.18

Airborne 06.20.18

AMA Drone Report 06.21.18

Airborne 06.22.18

Airborne-YouTube

Airborne 06.18.18

Airborne-UnManned 06.19.18

Airborne 06.20.18

AMA Drone Report 06.21.18

Airborne 06.22.18

Tue, Jan 15, 2013

Illinois DOT Study Shows Value Of Airports

One Hundred Sixteen Facilities Bring Over $40 Billion In Economic Impact

Airports in Illinois add over $40 billion to the state's economy, according to a study released recently by the Illinois Department of Transportation. When all of the impacts of Illinois’ 116 public-use airports are added together, 337,419 total jobs can be traced to the aviation industry. These employees receive $12.8 billion in total payroll and generate $40.9 billion in total economic activity, according to the report's executive summary.

The economic benefits associated with aviation in Illinois were estimated using a standard econometric modeling process that has been approved by the FAA. This economic input-output model estimates economic benefits in terms of jobs, payroll and economic output. This methodology has been used to successfully quantify the value of airports and airport systems throughout the United States.

The study also found that in addition to substantial annual economic benefits, Illinois’ airports support numerous qualitative benefits. Qualitative benefits are related to health, welfare, and safety and cannot be easily assigned dollar values. Airport-related qualitative benefits help to improve the overall quality of life in Illinois. Examples of qualitative benefits at Illinois’ airports include: 

  • Facilitating emergency medical transport
  • Providing support to law enforcement
  • Supporting aerial surveying, photography, and inspection operations
  • Conducting search-and-rescue operations
  • Supporting the U.S. military and other government organizations
  • Providing youth outreach activities

Commercial airlines in Illinois served 84 million total passengers in 2010 while general aviation aircraft conducted an estimated 2.4 million operations. Those airlines also moved approximately 2 million tons of air cargo through Illinois’ airports, delivering valued goods and products to and from the marketplace.

FMI: www.illinoisairportsmeanbusiness.com

Advertisement

More News

AMA Drone Report 06.21.18: NC Drone Summit, AMA v Raleigh Regs, Yuneec Typhoon H

Also: ERAU UAS Program, UK Drone Rescue, ANN/AMA Oshkosh Coverage, Fat Shark 101 The North Carolina Department of Transportation is planning a Drone Summit and Flight Expo for Augu>[...]

AMA Drone Report 06.21.18: NC Drone Summit, AMA v Raleigh Regs, Yuneec Typhoon H

Also: ERAU UAS Program, UK Drone Rescue, ANN/AMA Oshkosh Coverage, Fat Shark 101 The North Carolina Department of Transportation is planning a Drone Summit and Flight Expo for Augu>[...]

Airborne 06.20.18: SubSonex Heads For RENO!, Elvis' BizJet, Chambliss-Red Bull

Also: P&W Geared Turbofan, Tamarack Aerospace, King Air 350ER XP67A Upgrade, NATA Annual Mtg Sonex Aircraft will collaborate with High Performance Aircraft Group to showcase th>[...]

Airborne-Unmanned 06.19.18: Mexican UAV Fights Crime, Spokane Drones, Ikhana!

Also: K2 & Robotic Skies, Autonomous Aerial Vehicles Competition, K State Grad Cert, Commercial Drones at JFK A drone operated by authorities in Ensenada, Mexico, led to a sign>[...]

ANNouncement: Now Accepting Applications For Oshkosh 2018 Stringers!!!

An Amazing Experience Awaits The Chosen Few... E-I-C Note: There's very little we can say yet, but there is a reason why this may be THE year to throw in with ANN to cover the extr>[...]

blog comments powered by Disqus



Advertisement

Advertisement

Podcasts

Advertisement

© 2007 - 2018 Web Development & Design by Pauli Systems, LC