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Plant City Airport (PCM) the MONEY HOW the MONEY IS CIRCULATED

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Plant City Airport (PCM) 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 Plant City Airport (PCM) 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. PCM 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 PLANT CITY AIRPORT Florida’s Statewide Benefits From Aviation Plant City Airport is located in Hillsborough County, Florida realizes significant economic benefits from aviation. The Florida about 18 miles east of Tampa. The airport has one Department of Transportation completed a comprehensive economic runway that measures 3,950 feet. The airport impact analysis to measure these benefits. Benefits measured in the accommodates multi-engine general aviation FDOT study considered on-airport impacts, visitor spending impacts, and aircraft and serves the general aviation needs of multiplier impacts. the region. Florida’s 129 public-use airports (including 20 commercial service facilities) The airport primarily supports recreational are a major economic engine of the State’s economy. The aviation system flying by general aviation pilots. The airport keeps Florida connected to the global marketplace while simultaneously was originally established to support the driving local economies. Florida’s airports provide space and infrastructure transport of locally farmed strawberries for important activities such as manufacturing, logistics, tourism, and and has continued to support the local emergency response. Below is a summary of the total statewide economic agriculture industry over the last 60 impact as well as the impact of District 7. years. The airport also supports the STATEWIDE Total Economic Impact local community by hosting the annual On-Airport Plant City Chamber Planes, Trains, and $175 billion Automobiles event, which regularly attracts $72,014,206,000 several thousand attendees. The Experimental Visitor Spending $ Aircraft Association (EAA) holds meetings at the $90,732,534,000 airport and offers flights to youth to introduce them to aviation. Cars and taxis are available to serve those visiting the area, while the airport’s fixed Industry Reliance base operator is available to serve users’ needs. $2,281,049,000 Military $9,815,780,000 On-Airport Impacts Total Employment Total Economic Impact $16,292,000 327 DISTRICT 7 Multiplier Total Payroll $19 billion Impacts $17,858,000 On-Airport $20,985,000 $5,813,602,000 Visitor Spending Total Output 7 Impacts $38,515,000 Visitor Spending $ $1,239,000 $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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