October 4, 2011
The Manassas Regional Airport produced $234.6 million in overall economic activity for Prince William County and Manassas City.
Editor’s Note: The following information is a press release issued by the director of the Manassas Regional Airport and is unedited.
A new Virginia Department of Aviation Economic Impact Study indicates that the Manassas Regional Airport contributes $234,610,000 to the local economy.
The independent report reveals that in 2010 the Manassas Regional Airport contributed the following to the economies of Prince William County and the City of Manassas:
Produced $234.6 million in overall economic activity
Generated $69,873,000 in payroll
Created 1,056 jobs
“The Airport is one of most significant economic and strategic assets developed by forward thinking leaders of Manassas,” said Mayor Harry J. Parrish II. “The recent economic growth at the airport has expanded the value of that asset.”
The Airport’s economic contributions was calculated from data collected through a survey of on-airport tenants, visitors, airport officials, off-airport businesses, and data from U.S. government agencies and IMPLAN, a widely accepted economic modeling system.
“Manassas Regional Airport has maintained a dynamic and growing economic development presence even during the Great Recession and the worst economic conditions in 80 years,” said Lawrence D. Hughes, City Manager.
The Virginia Department of Aviation (DOAV) commissioned the study to identify the economic benefits associated with the 66 public-use airports, which include nine commercial service and 57 general aviation airports serving communities throughout Virginia. The study focused on the economic impacts created by the airports, the visitors who travel through the airports and the in-state companies that rely on the airports to support and conduct their business. The study was headed by ICF SH&E and was partially funded by the Federal Aviation Administration.
The Manassas Regional Airport is the busiest General Aviation (GA) airport in the Commonwealth of Virginia. It is located 30 miles from Washington, DC and is a designated FAA Reliever. It is home to over 400 based aircraft and twenty-three businesses. In 2010 the airport had over 95,000 operations.
http://manassas.patch.com/articles/manassas-airport-pumps-over-2m-into-local-economies
Source: MANASSAS PATCH
Date: 2011-10-04