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Statewide Aviation Economic Impact Study Update

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Statewide Aviation Economic Impact Study Update FLORIDA Statewide Aviation Economic Impact Study Update TECHNICAL REPORT AUGUST 2014 FLORIDA STATEWIDE AVIATION ECONOMIC IMPACT STUDY UPDATE August 2014 Florida Department of Transportation Aviation and Spaceports Office This report was prepared as an effort of the Continuing Florida Aviation System Planning Process under the sponsorship of the Florida Department of Transportation. A full technical report containing information on data collection, methodologies, and approaches for estimating statewide and airport specific economic impacts is available at www.dot.state.fl.us/aviation/economicimpact.shtm. More information on the Florida’s Aviation Economic Impact Study can be obtained from the Aviation and Spaceports Office by calling 850-414-4500. Florida Department of Transportation – Aviation & Spaceports Office Statewide Aviation Economic Impact Study Update August 2014 TABLE OF CONTENTS CHAPTER 1: EXECUTIVE SUMMARY INTRODUCTION .....................................................................................................................1-1 OVERVIEW OF AVIATION’S ECONOMIC IMPACT IN FLORIDA ............................................1-1 TYPES OF AVIATION ECONOMIC IMPACT MEASURED ......................................................1-2 APPROACH TO MEASURING AVIATION ECONOMIC IMPACT IN FLORIDA ........................1-2 AIRPORT ECONOMIC IMPACTS ............................................................................................1-2 VISITOR ECONOMIC IMPACTS .............................................................................................1-3 CONSTRUCTION ECONOMIC IMPACTS ...............................................................................1-3 AIR CARGO ECONOMIC IMPACTS ........................................................................................1-4 AVIATION EDUCATION ECONOMIC IMPACTS .....................................................................1-4 MILITARY AVIATION ECONOMIC IMPACTS ..........................................................................1-5 AVIATION-RELATED BUSINESS ECONOMIC IMPACTS .......................................................1-5 FEDERAL AVIATION ADMINISTRATION (FAA) ECONOMIC IMPACTS ................................1-6 FLORIDA STATEWIDE ECONOMIC IMPACTS .......................................................................1-6 TOTAL ANNUAL ECONOMIC IMPACTS OF COMMERCIAL SERVICE AND GENERAL AVIATION AIRPORTS IN FLORIDA ........................................................................................1-6 SUMMARY ..............................................................................................................................1-7 CHAPTER 2: INTRODUCTION CHAPTER 3: SOCIOECONOMIC OVERVIEW OF FLORIDA INTRODUCTION .....................................................................................................................3-1 POPULATION ..........................................................................................................................3-1 GROSS STATE PRODUCT AND INDUSTRY MIX ..................................................................3-8 EMPLOYMENT ........................................................................................................................3-8 PER CAPITA PERSONAL INCOME ........................................................................................3-9 SUMMARY ............................................................................................................................ 3-10 CHAPTER 4: ECONOMIC IMPACTS OF AIRPORTS INTRODUCTION .....................................................................................................................4-1 APPROACH TO ESTIMATING ECONOMIC IMPACTS FOR STUDY AIRPORTS ...................4-1 The Economic Modeling Process for On-Airport Tenant Impacts ..........................................4-1 Data Requirements for the Economic Modeling Process for On-Airport Benefits ...................4-2 SURVEYS AND DATA COLLECTION METHODS ...................................................................4-3 On-Airport Tenants and Businesses (Direct Impacts) ........................................................... 4-3 Study Multipliers/Induced Impacts .........................................................................................4-4 EMPLOYMENT, PAYROLL, AND OUTPUT IMPACTS FOR STUDY AIRPORTS ....................4-5 On-Airport Tenant Employment Impacts ...............................................................................4-5 On-Airport Tenant Payroll Impacts ........................................................................................4-6 On-Airport Tenant Output Impacts ........................................................................................4-7 SUMMARY FOR ON-AIRPORT TENANTS .............................................................................4-7 Table of Contents i Florida Department of Transportation – Aviation & Spaceports Office Statewide Aviation Economic Impact Study Update August 2014 CHAPTER 5: ECONOMIC IMPACTS OF AIRPORTS INTRODUCTION .....................................................................................................................5-1 APPROACH TO ESTIMATING INDIRECT ECONOMIC IMPACTS FOR VISITORS ................5-1 Data Requirements for the Economic Modeling Process .......................................................5-2 Commercial Service Visitors .................................................................................................5-3 General Aviation Visitors .......................................................................................................5-6 Study Multipliers/Induced Impacts .........................................................................................5-9 VISITOR EMPLOYMENT, PAYROLL, AND OUTPUT IMPACTS .............................................5-9 Visitor Employment Impacts ................................................................................................ 5-10 Visitor Payroll Impacts ......................................................................................................... 5-10 Visitor Output Impacts ......................................................................................................... 5-11 SUMMARY FOR VISITOR IMPACTS .................................................................................... 5-12 CHAPTER 6: ECONOMIC IMPACTS OF AIRPORT CONSTRUCTION INTRODUCTION .....................................................................................................................6-1 APPROACH TO ESTIMATING ECONOMIC IMPACTS OF AIRPORT CONSTRUCTION .......6-1 The Economic Modeling Process for Airport Construction Impacts .......................................6-1 Data Requirements for the Economic Modeling Process For On-Airport Construction ..........6-2 SURVEYS AND DATA COLLECTION METHODS ...................................................................6-3 Airport Construction (Direct Impacts) .....................................................................................6-3 Study Multipliers and Induced Impacts ..................................................................................6-3 CONSTRUCTION-RELATED EMPLOYMENT, PAYROLL, AND OUTPUT IMPACTS .............6-3 Construction Employment Impacts ........................................................................................6-4 Construction Payroll Impacts .................................................................................................6-4 Construction Output Impacts .................................................................................................6-4 SUMMARY FOR AIRPORT CONSTRUCTION IMPACTS .......................................................6-5 CHAPTER 7: ECONOMIC IMPACTS OF AIR CARGO INTRODUCTION .....................................................................................................................7-1 TRENDS AFFECTING AIR CARGO ACTIVITY IN FLORIDA ...................................................7-1 ECONOMIC IMPACT OF AIR CARGO METHODOLOGY .......................................................7-3 Data Requirements and Collection ........................................................................................7-3 Key Assumptions for Calculating Economic Impacts .............................................................7-5 STUDY RESULTS ...................................................................................................................7-7 Results Related to On-Airport Air Cargo Activity ...................................................................7-7 Results Related to Off-Airport Air Cargo Activity ...................................................................7-9 The Economic Impact of USPS Mail in Florida .................................................................... 7-12 AIR CARGO SUMMARY ........................................................................................................ 7-14 CHAPTER 8: ECONOMIC IMPACTS OF AVIATION EDUCATION INTRODUCTION .....................................................................................................................8-1 APPROACH TO ESTIMATING ECONOMIC IMPACTS OF AVIATION EDUCATION ..............8-1 The Economic Modeling Process for Economic Impacts Related to Aviation Education ........8-2 Data Requirements for the Economic Modeling Process for Aviation Education Economic Impacts .................................................................................................................................8-2
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