0-7066: Developing a Small Airport Economic Impact Estimator
0-7066: Developing a Small Airport Economic Impact Estimator
Knowing the current economic impact of an airport is critical to both airport sponsors and the Texas Department of Transportation (TxDOT). While TxDOT periodically commissions a statewide economic impact study, the ability to provide updated or more precise economic impact values to airport sponsors and other stakeholders is needed. A number of factors have led to the need for a more up-to-date accounting of an airport’s economic impact, such as: Some airports’ not being included in the statewide study (or incomplete information being used). Privacy concerns with respect to the financial/economic data because the airport may only have one tenant or business, making it identifiable. Changes in an airport’s activity levels since the last statewide study was performed. An airport’s desire to have a more detailed analysis than that allowed when looking at 300 airports at one time. Having updated and current numbers is important because many local officials use the airport’s economic impact values to justify the authorization of grant-matching funds for state and federal airport grants. This allows the officials to better leverage local funds for airport improvements.
Dokumentinformationen
0-7066: Developing a Small Airport Economic Impact Estimator
2020
2 pages
Report
Keine Angabe
Englisch
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