Tampa Executive Airport (VDF) the MONEY HOW the MONEY IS CIRCULATED

The following graphic is an example of how activity at Florida airports generates economic impacts throughout the state. THE ECONOMIC IMPACT OF ACME AIR IS PAID $1 MILLION TO REPAIR AIRCRAFT Tampa Executive Airport (VDF) THE MONEY HOW THE MONEY IS CIRCULATED $450,000 Acme Air uses $450,000 of the $1 million to pay DIRECT their workers, including wages and benefits. PAYROLL DIRECT PAYROLL & TAXES: $600,000 $150,000 Acme Air pays $150,000 of the $1 million to local, TAXES state, and federal taxes. Acme Air pays $210,000 of the $1 million to $210,000 Florida businesses that support their operations, SUPPLIER PURCHASES such as machine shops and computer stores. $100,000 of the $210,000 $100,000 is paid to workers as wages INDIRECT PAYROLL and benefits. SUPPLIER $80,000 $80,000 of the $210,000 is PURCHASES: GOODS/SERVICES spent on goods and services. $400,000 $30,000 $30,000 of the $210,000 is BUSINESS TAXES paid to business taxes. Acme Air pays $190,000 of the $1 million to $190,000 businesses located outside Florida. This money LEAKAGE is expelled from the state economy. Employees from Acme Air and other in-state $110,000 businesses use $110,000 of their earnings on TAXES & SAVINGS taxes and personal savings. Employees from Acme Air and other in-state $330,000 businesses spend $330,000 of their wages on IN STATE PURCHASES goods and services at Florida businesses. INCOME $80,000 Florida businesses pay $80,000 of the $330,000 RE- INDUCED PAYROLL to their workers as wages and benefits. SPENDING: $550,000 $200,000 Florida businesses spend $200,000 of the GOODS/SERVICES $330,000 on goods and services. $50,000 Florida businesses pay $50,000 of the $330,000 BUSINESS TAXES to business taxes. $110,000 $110,000 is lost to Florida’s economy through LEAKAGE out of state purchases. VDF DIRECT PAYROLL & TAXES SUPPLIER PURCHASES INCOME RE-SPENDING $450,000 $150,000 $100,000 $30,000 $80,000 $50,000 DIRECT BUSINESS INDIRECT BUSINESS INDUCED BUSINESS PAYROLL TAXES PAYROLL TAXES PAYROLL TAXES Value Added = $860,000 FLORIDA DEPARTMENT OF TRANSPORTATION STATEWIDE AVIATION Airport Profile Economic Impact Study TAMPA EXECUTIVE AIRPORT Florida’s Statewide Benefits From Aviation Tampa Executive Airport is located in Hillsborough Florida realizes significant economic benefits from aviation. The Florida County, approximately eight miles from downtown Department of Transportation completed a comprehensive economic Tampa. The airport has two runways, with the impact analysis to measure these benefits. Benefits measured in the longest runway measuring 5,000 feet. The airport FDOT study considered on-airport impacts, visitor spending impacts, and accommodates multi-engine and business jet multiplier impacts. general aviation aircraft. Florida’s 129 public-use airports (including 20 commercial service facilities) The airport primarily supports corporate and are a major economic engine of the State’s economy. The aviation system business general aviation for local and keeps Florida connected to the global marketplace while simultaneously transient users. The airport is an ideal driving local economies. Florida’s airports provide space and infrastructure landing location for corporate jets and for important activities such as manufacturing, logistics, tourism, and is Tampa’s premier urban airport for emergency response. Below is a summary of the total statewide economic executives. The airport is also the county’s impact as well as the impact of District 7. base for mosquito control and the sheriff’s STATEWIDE Total Economic Impact aviation units. The Civil Air Patrol uses the On-Airport airport for disaster relief operations and $175 billion emergency services, including oil spills and $72,014,206,000 search and rescues. The airport also supports Visitor Spending $ aerial advertising such as blimps. Flight schools located at the airport offer $90,732,534,000 flight training and career education. Several businesses located at the airport that provide aircraft painting, aircraft maintenance, and fixed base Industry Reliance operator (FBO) services, contribute to its economic impact. $2,281,049,000 Military $9,815,780,000 On-Airport Impacts Total Employment Total Economic Impact $36,630,000 1,297 DISTRICT 7 Multiplier Total Payroll $19 On-Airport billion Impacts $55,122,000 $75,436,000 $5,813,602,000 Visitor Spending Total Output 7 Impacts $147,686,000 Visitor Spending $ $35,619,000 $12,561,293,000 Military Previous versions of this Study used different terminology to communicate results. The following terms $1,018,478,000 were updated: Direct Impacts changed to On-Airport Impacts and Indirect Impacts changed to Visitor Spending Impacts. For more information regarding the results and methodology of this economic impact study, please visit https://www.fdot.gov/aviation/economicimpact.shtm.

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