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Grand Strand South Carolina Department of Commerce Division of Aeronautics 2553 Airport Blvd West Columbia, South Carolina 29170 PO Box 280068 Columbia, South Carolina 29228-0068 Grand Strand (803) 896-6260 or (800) 922-0574 www.scaeronautics.com Airport Prepared by: www.wilbursmith.com Aviation Benefits Everyone Methodology GRAND STRAND AIRPORT There is a strong relationship between South Carolina’s econ- A methodology approved by the Federal Aviation Administra- Grand Strand Airport is a general aviation airport owned and operated by Horry IMPACT omy and aviation. The state’s system of airports is essential tion (FAA) was used to calculate the economic impacts associ- County Department of Airports. The airport, located along US 17 in the Grand Strand MEASURES in the global market place. Airports in South Carolina have ated with South Carolina’s civilian airport system and its four region provides general aviation access to South Carolina’s picturesque Grand Strand helped to both lead and sustain growth and economic diver- military airfields. Airport related economic impacts were iden- beaches. The Grand Strand Airport has one asphalt runway. Runway 5/23, measuring Economic impacts are expressed in sification. Airports support the state’s economy and are also tified for three categories: direct, indirect, and multiplier. 5,996 feet long by 100 feet wide. terms of jobs/employment, payroll/ economic generators. Residents, businesses, and visitors rely earnings, and total annual economic on the airport system to support health, welfare, and safety Direct impacts are those associated with on-airport employers, The airport generates $3.5 million in direct output, of which $1.1 million is paid to activity or output. needs. South Carolina’s military airfields are also important to business, and tenants. Direct impacts occur as a result of the approximately 45 direct full-time jobs. Additionally, 29,030 general aviation visitors our national security. provision of aviation services. Indirect impacts are those tied arrive at the airport each year, generating another $2.4 million in indirect aviation- to spending by visitors who arrive in South Carolina through related output. Including the multiplier effect, the airport tenants and visitors at Jobs/Employment Grand Strand Airport generate $10.1 million in total economic output, of which $3.7 South Carolina is served by a diversified system of airports. one of the public commercial or general aviation airports. As million in payroll is paid to 137 full-time equivalent jobs. Thousands of jobs in South Caro- The state’s 6 commercial service and 54 general aviation air- direct and indirect impacts are released into the local, regional lina are created by businesses, ten- ports are essential underpinnings to South Carolina’s diversi- and statewide economies, additional multiplier impacts are Regular airport activities include flight training, recreational flying, aerial advertis- ants and other activities that are fied business base, its growing population, and its bourgeon- created. The economic impacts created by the multiplier effect ing, aircraft maintenance, charter services, and other supporting provision related located on commercial service or ing tourism industry. In addition, South Carolina is home to re-circulate until the benefits ultimately leak outside South to the health, welfare, and safety of the community. As one of the region’s busiest general aviation airports or at one four busy military airfields. Commercial aviation includes all Carolina. Multipliers that are specific to South Carolina were airports with an air traffic control tower, Grand Strand provides an aviation alternative of the four military airfields. In scheduled airline flights, charter flights, and flights flown by used to complete the economic impact analysis. to Myrtle Beach International for recreational and business travelers. addition, spending by visitors who air cargo companies. All other flights by civilian aircraft are arrive in South Carolina using one classified as general aviation. Operations by military aircraft of the commercial service or general constitute the remainder of the state’s annual aviation activity. aviation airports supports additional employment. Payroll/Earnings Aviation in South Carolina supports an estimated 65,533 jobs. All of these jobs have annual salaries that contribute to the payroll/earnings benefits. It is estimated that on an annual basis, public commercial service and general aviation airports South Carolina’s Total Annual Economic Benefits from Aviation and the four military airfields are $3.5 million responsible for $1.9 billion in pay- South Carolina also realizes additional tax benefits from avia- roll/earnings benefits. tion. When taxes on fuel, personal property, and income are considered, airports, airfields, aviation related activities and Annual Economic Activity/ those employed by aviation contribute at least $73.6 million to Output the tax base of the state. Fuel taxes and property taxes alone $4.2 million account for an estimated $18.9 million in annual tax receipts Airports, the military airfields and for the state and its counties. From a state perspective, it is 10.1 million related aviation activities all require projected that approximately 12 percent of the taxes being col- $ the purchase of goods and services. lected from aviation fuel and property taxes will be returned to Expenditures in this category are the state’s aviation fund. $2.4 million in addition to those identified in Total Employment 65,533 Jobs the earnings or payroll category. A first class airport system is essential to South Carolina. A These impacts are expressed as total strategic program to invest in, maintain, and grow commercial annual economic activity or output. Total Payroll $1.9 billion and general aviation airports is critical to South Carolina’s eco- Total Employment 137 Jobs For South Carolina, this annual ben- nomic future. Total Payroll $3.7 million efit is estimated at $4.3 billion. Total Economic Activity $4.3 billion Total Economic Activity $10.1 million Aviation Benefits Everyone Methodology GRAND STRAND AIRPORT There is a strong relationship between South Carolina’s econ- A methodology approved by the Federal Aviation Administra- Grand Strand Airport is a general aviation airport owned and operated by Horry IMPACT omy and aviation. The state’s system of airports is essential tion (FAA) was used to calculate the economic impacts associ- County Department of Airports. The airport, located along US 17 in the Grand Strand MEASURES in the global market place. Airports in South Carolina have ated with South Carolina’s civilian airport system and its four region provides general aviation access to South Carolina’s picturesque Grand Strand helped to both lead and sustain growth and economic diver- military airfields. Airport related economic impacts were iden- beaches. The Grand Strand Airport has one asphalt runway. Runway 5/23, measuring Economic impacts are expressed in sification. Airports support the state’s economy and are also tified for three categories: direct, indirect, and multiplier. 5,996 feet long by 100 feet wide. terms of jobs/employment, payroll/ economic generators. Residents, businesses, and visitors rely earnings, and total annual economic on the airport system to support health, welfare, and safety Direct impacts are those associated with on-airport employers, The airport generates $3.5 million in direct output, of which $1.1 million is paid to activity or output. needs. South Carolina’s military airfields are also important to business, and tenants. Direct impacts occur as a result of the approximately 45 direct full-time jobs. Additionally, 29,030 general aviation visitors our national security. provision of aviation services. Indirect impacts are those tied arrive at the airport each year, generating another $2.4 million in indirect aviation- to spending by visitors who arrive in South Carolina through related output. Including the multiplier effect, the airport tenants and visitors at Jobs/Employment Grand Strand Airport generate $10.1 million in total economic output, of which $3.7 South Carolina is served by a diversified system of airports. one of the public commercial or general aviation airports. As million in payroll is paid to 137 full-time equivalent jobs. Thousands of jobs in South Caro- The state’s 6 commercial service and 54 general aviation air- direct and indirect impacts are released into the local, regional lina are created by businesses, ten- ports are essential underpinnings to South Carolina’s diversi- and statewide economies, additional multiplier impacts are Regular airport activities include flight training, recreational flying, aerial advertis- ants and other activities that are fied business base, its growing population, and its bourgeon- created. The economic impacts created by the multiplier effect ing, aircraft maintenance, charter services, and other supporting provision related located on commercial service or ing tourism industry. In addition, South Carolina is home to re-circulate until the benefits ultimately leak outside South to the health, welfare, and safety of the community. As one of the region’s busiest general aviation airports or at one four busy military airfields. Commercial aviation includes all Carolina. Multipliers that are specific to South Carolina were airports with an air traffic control tower, Grand Strand provides an aviation alternative of the four military airfields. In scheduled airline flights,
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