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

Most Recent Daily Airborne

Airborne On ANN

Airborne On YouTube/Hi-Def/Mac Friendly

Monday

Airborne 01.26.15

Airborne 01.26.15

Tuesday

Airborne 01.20.15

Airborne 01.20.15

Wednesday

Airborne 01.21.15

Airborne 01.21.15

Thursday

Airborne 01.22.15

Airborne 01.22.15

Friday

Airborne 01.23.15

Airborne 01.23.15

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

Airborne 01.26.15: Pirker Settles w/FAA, Harrelson's Polar Journey, FAA Sued

Also: Airborne Unlimited Under The Weather (In More Ways Than One), House GA Caucus, New CubCrafters Boss, NAB Featuring UAVs, House Checks FAA Cert Processes, FAA Goes Off On Slee>[...]

Quadcopter Down On White House Grounds

President And First Lady Were Not At The Residence At The Time Maybe there's a lesson here about not flying your quadcopter near the White House at three o'clock in the morning.>[...]

AD: PILATUS Aircraft Ltd. Airplanes

AD NUMBER: 2015-01-03 PRODUCT: Pilatus Aircraft Ltd. Model PC-7 airplanes.>[...]

AD: Airbus Airplanes

AD NUMBER: 2014-23-15 PRODUCT: All Airbus Model A318, A319, A320, and A321 series airplanes.>[...]

ANN's Daily Aero-Linx (01.27.15)

Air And Space Museum - Winglets Have you ever wondered why something that looks as simple as winglets are always cited as improving aerodynamics, efficiency, and fuel economy in ai>[...]

blog comments powered by Disqus



Advertisement

Advertisement

Podcasts

Advertisement

© 2007 - 2015 Web Development & Design by Pauli Systems, LC