The following graphic is an example of how activity at generates economic impacts throughout the state. THE ECONOMIC IMPACT OF ACME AIR IS PAID $1 MILLION TO REPAIR AIRCRAFT Executive (TMB) 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.

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 TMB Value Added = $860,000 FLORIDA DEPARTMENT OF TRANSPORTATION STATEWIDE AVIATION Airport Profile Economic Impact Study

MIAMI EXECUTIVE AIRPORT Florida’s Statewide Benefits From Aviation Miami Executive Airport is located in Miami-Dade Florida realizes significant economic benefits from aviation. The Florida County, about 17 miles southwest of downtown Miami. Department of Transportation completed a comprehensive economic The airport has three runways, with the longest impact analysis to measure these benefits. Benefits measured in the measuring 6,000 feet. The airport’s location makes it FDOT study considered on-airport impacts, visitor spending impacts, and one of the busiest general aviation airports in Florida. multiplier impacts. Miami Executive Airport primarily supports Florida’s 129 public-use airports (including 20 commercial service facilities) recreational flying, business activity, and are a major economic engine of the State’s economy. The aviation system flight training. Additionally, the airport plays keeps Florida connected to the global marketplace while simultaneously an important role as a reliever for Miami driving local economies. Florida’s airports provide space and infrastructure International Airport. Due to its proximity to for important activities such as manufacturing, logistics, tourism, and the Florida Turnpike and Miami metro area, emergency response. Below is a summary of the total statewide economic the airport provides fast and easy access to impact as well as the impact of District 6. recreational and business activities in the region. STATEWIDE Total Economic Impact Multiple flight training schools are located on- On-Airport site, and the airport also accommodates flight training $175 billion operations from other airports. The airport also stages relief efforts during $72,014,206,000 natural disasters, supports mosquito spraying, and hosts large community Visitor Spending $ events. Government operations, such as the Miami-Dade Police and Fire $90,732,534,000 Rescue are based at the airport. Other tenants include several aircraft maintenance businesses, air charter operators, and fixed-base operators. Industry Reliance $2,281,049,000

Military On-Airport Impacts Total Employment $9,815,780,000 $48,700,000 993 Total Economic Impact Multiplier Total Payroll DISTRICT 6 Impacts $36 $51,700,000 On-Airport billion $25,400,000 Visitor Spending Total Output $19,901,216,000 Impacts $81,300,000 Visitor Spending $ $7,200,000 $15,455,223,000 Source: The Economic Impact of Miami International Airport and the General Aviation Airports within the Miami-Dade Airport System. Martin Military and Associates. February 3, 2017. Previous versions of this Study used different terminology to communicate results. The following terms $583,953,000 6 were updated: Direct Impacts changed to On-Airport Impacts and Indirect Impacts changed to Visitor For more information regarding the results and methodology of this economic Spending Impacts. impact study, please visit https://www.fdot.gov/aviation/economicimpact.shtm