Tue, Jan 15, 2013
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.
Dual Boasts GPS Support for iOS or Android Platforms While at the AOPA 2013 convention, ANN CEO and Editor-In-Chief, Jim Campbell met with Greg Lukins, Vice President of Business D>[...]
AD NUMBER: 2014-08-02 PRODUCT: Certain Airbus Model A300 B4-600 and A300 B4-600R series airplanes.>[...]
AD NUMBER: 2014-08-03 PRODUCT: Certain Bombardier, Inc. Model CL-600-2C10 (Regional Jet Series 700, 701, & 702) airplanes, Model CL-600-2D15 (Regional Jet Series 705) airplanes>[...]
All About Military Aviation Features well-illustrated articles on all major post-war combat aircraft, a directory of the world's air forces, air show reports and calendar and speci>[...]
An onboard weather detection system that senses electrical discharges that suggest the presence of thunderstorm cells.>[...]