HomeMy WebLinkAbout2016 Economic Impact Studey for MT Airports - Laurel Municipal Airport 4 9
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Montana's Airports Support Our State
Montana's airports play an integral role in our transportation system by
providing access to destinations within the state,throughout the country,
and across the globe.Airports also offer significant economic benefits
to our communities by supporting jobs;generating payroll; paying taxes;
and triggering spending at local, regional, and state levels.
The importance of airports goes beyond transportation and
economics.Airports offer services and other attributes of
value that cannot always be easily measured in dollars and cents.
Residents and visitors use airports for leisure and business travel, and
airports serve as the base for a wide range of critical activities such as
wildland firefighting, search and rescue operations, and training for future
aviators.Airports are the starting point for aircraft that conduct utility
inspections, provide medical evacuation services,and transport staff
and executives for business activity.
To better understand the value of Montana's airports from the perspective of both economics and community
benefits,the Montana Department of Transportation (MDT)conducted a comprehensive study of the state's
aviation facilities.The study analyzed the contributions of the Montana airport system, including aviation-
related and non-aviation-related businesses,visitor spending, capital expenditures on construction, and
additional spin-off(or"multiplier")effects.The study also examined specific activities and uses at each
airport to identify how these facilities support Montana's residents and visitors.
Methodology
This study expresses the economic benefits of Montana's airports in terms of jobs, payroll, and total
annual economic impact derived from the activities that occur at aviation facilities. Direct impacts include
those from on-airport businesses,construction-related activities, and spending from visitors who travel
through an airport.Airports host on-airport businesses that serve aircraft or passengers such as:
Administration Parking Air tours
Military Concessions Air cargo
Airlines Car rental
Maintenance General aviation
Additionally, airside and landside construction projects require STATEWIDE IMPACTS
continuous investments, many of which are high-dollar, long-term Aviation is a vital key to
undertakings. Because commercial service and general aviation Montana's economic activity
airports are essential to visitors' abilities to conduct business or and transportation network.
vacation in Montana, airports support the hospitality industry The public-use airports
through lodging, restaurant, retail,and entertainment spending. in the state contribute:
Airports'direct impacts also have spin-off effects throughout
Montana, as dollars spent at an airport and by visitors off-airport
are re-spent locally, regionally, and statewide.Spin-off effects are 23,849
caused when a portion of direct business revenues are used to
purchase goods and services in Montana(i.e., indirect effects)
and when the portion of revenues paid as wages to workers are
spent within the state(i.e., induced effects). _Economic Impact
Combined, direct impacts and spin-off effects compose the
total contribution of an individual airport and determine the
statewide impact of Montana's airport system.
irport89000
Construction
$345,
III Laurel Municipal Airport
(6S8)is a general aviation
airport two miles north of Laurel
in Yellowstone County,Montana.The
Visitor Spending airport serves an agricultural community
$737,000 in southeast Montana less than 15 miles
southwest of Billings.
Laurel Municipal Airport is one of the busiest
general aviation airports in the state,with 90 to
100 based-aircraft located at the facility.Activities
include recreational flying,agricultural spraying,
corporate and business aviation,and aerial wildland
firefighting.Northern Sky Aviation,the airport's fixed-
base operator(FBO),provides flight training for fixed-
III wing aircraft and rotorcraft and maintenance services.
Like many general aviation airports in the state,Laurel
Municipal Airport serves its local community and is an
important asset to the region.
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$2,4169
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III
11,084,000
Alternative accessible formats of this document will be provided on request. Persons who need an alternative
format should contact the Civil Rights Bureau, Department of Transportation, 2701 Prospect Avenue, PO Box
201001, Helena, MT 59620.Telephone 406-444-9229.Those using a TTY may call 1(800)335-7592 or through
the Montana Relay Service at 711.
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This document is printed at state expense. Information on the cost of producing this publication may be
obtained by contacting the Department of Administration.