2008-07-14
(July 10, 2008) – The total contribution from the Kalamazoo/Battle Creek International Airport to the region’s economy in 2008 is estimated at $175 million.
The study, which was conducted by the W.E. Upjohn Institute for the Kalamazoo County Aeronautics Board of Trustees, and analyzed the airport’s direct and indirect contributions to the area’s economy. Direct impacts include economic activities that would not occur in the absence of the airport, including revenue from airlines, airport concessionaires, cargo handlers and other airport operations. Indirect impacts are the increased cost of doing business in the Kalamazoo-Portage area.
This study estimates the economic impact of the Kalamazoo-Battle Creek International Airport on the greater Kalamazoo-Battle Creek region. If the airport did not exist in 2008, it’s estimated that the region would lose close to 1,350 jobs, and personal income would shrink by $46.2 million. The region’s Gross Regional Product—the value of all goods and services generated in the region—would decline by $105.3 million. Additionally, total sales of goods and services in the region would fall by $175.2 million in 2008.
For the full Economic Impact Study following this link:
http://azoairport.com/secondary/admin.php?page=1
