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Flagler County Airport (FIN)

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Flagler County Airport (FIN) THE ECONOMIC IMPACT OF Flagler County Airport (FIN) Aviation’s Benefit for Florida Florida’s economic well-being is intrinsically entwined with its vibrant airport system and its robust aviation industry. The aviation system in Florida allows the state to capitalize on an increasingly global marketplace. Aviation in Florida both sustains and leads economic growth and development. Airports in Florida are important economic engines, and support vital health, welfare, emergency, and safety-related services. Florida’s system of commercial service and general aviation airports are important to businesses throughout the state. Air travel is essential to tourism, Florida’s number one industry. Protecting and investing in airports throughout Florida will support the aviation industry and the economic benefits described in this report. With continued support, Florida’s dynamic aviation system will continue to provide a significant economic return in the years to come. Florida Department of Transportation Aviation and Spaceports Office www.dot.state.fl.us/aviation FIN Florida’s Statewide Benefits from Aviation Flagler County Airport Located south of SR 100 on the east side of Flagler County, the airport is just one mile west of a full interchange with Interstate 95 and three miles east of U.S. Highway 1. With two 5,000-foot paved runways, two heliports, and one water runway, the airport accommodates Florida realizes significant annual economic benefits from aviation. The Florida every type of general aviation aircraft, from the largest corporate jets to single-engine Department of Transportation completed a comprehensive economic impact aircraft, rotorcraft, seaplanes, and airships, as well as military aircraft. The Airport Traffic Control Tower (ATCT) has continually ranked as one of the busiest Federal Contract Towers analysis to measure these benefits. Benefits measured in the FDOT study since it was commissioned in 2009. At the end of 2013, it was the busiest in Florida and considered direct and indirect economic impacts and induced impacts that the third busiest in the entire nation. Forecasts approved as part of the on-going Airport result from the multiplier effect. A summary of Florida’s annual economic Master Plan project operations to increase at an annual growth of 2.2 percent through the year 2033. Flight training activities are a large component of this activity due to several benefits from aviation follows: flight schools located at the airport as well as in the nearby Daytona Beach area. However, itinerant general aviation operations, comprising of private, business/corporate, and air charter flights, have been, and are projected to remain, the segment with the most growth. The airport also supports recreational/sport flying, banner towing, medical flights, and Impact Category environmental patrol operations. Total Total Payroll Total Output AIRPORTS Many businesses in the local area as well as the surrounding region utilize the airport due Employment (BILLIONS) (BILLIONS) to its facilities, services, and proximity along the east coast of Florida. The combination of airside and landside access make the airport an attractive location for both aviation VISITORS ARRIVING BY AIR 170,107 $8.1 $36.3 and non-aviation companies. In fact, the airport recently opened up the flightline along the crosswind runway to support the demand for additional development space. The new CONSTRUCTION AT AIRPORTS 765,225 $20.7 $67.2 access road, utilities, and taxiway improvements have created the Flagler County Airport Commerce Centre. This area provides approximately 130 acres of both aviation and non- MILITARY AVIATION 17,388 $0.6 $2.2 aviation space, including the ability to support industrial/flex development sites up to ten acres in size. All of the aviation and commercial activities are important to the airport’s revenue stream and local economy. AIR CARGO 137,482 $6.4 $12.8 The annual economic impact of Flagler County Airport is associated with direct impacts that AVIATION EDUCATION 129,587 $5.0 $10.3 come from tenants/businesses located at the airport and construction projects that are undertaken by the airport or by on-site businesses. Indirect impacts are associated with AVIATION BUSINESSES 11,891 $0.5 $1.0 spending from visitors who arrive in the area via general aviation aircraft. FEDERAL AVIATION ADMINISTRATION 76,217 $2.8 $13.6 DIRECT IMPACTS TOTAL ANNUAL ECONOMIC BENEFITS 4,534 $0.4 $0.6 $21,456,000 TOTAL EMPLOYMENT 613 1,312,431 $44.5 $144.0 MULTIPLIER IMPACTS TOTAL PAYROLL $26,271,000 $17,766,000 INDIRECT TOTAL OUTPUT IMPACTS $61,125,000 $13,398,000.
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