Economic Impact Study Results are in for JWA
Orange County’s John Wayne Airport has recently released the results of the 2012 Economic Impact Study of Airport operations. The point of the study was to measure the direct, indirect and induced economic impact of the airport on Orange County as well as the three neighboring counties of Los Angeles, Riverside and San Bernardino during the 2012 calendar year.
The study, which was conducted by InterVISTAS Consulting LLC, had 4 key findings according to an airport press release:
- Economic Output (Spending Impacts): $6 billion. The dollar value of industrial output produced; reflects spending by firms, organizations and individuals.
- Employment: 43,000 jobs. Full time, part time and seasonal jobs.
- Earnings: $1.7 billion. Wages, salaries and benefits associated with employment tied to the Airport.
- Gross Domestic Product (GDP): $3.3 billion. A measure of the money value of final goods and services produced locally as a result of economic activity.
The day to day operation of the airport including airlines, ground handling, airport operations, airport concessions and air traffic control creates some 22,000 jobs with around $790 million in wages and salaries. If you look beyond the direct jobs at the airport to the jobs indirectly impacted due to the location of the airport, such as jobs at hotels, taxis, restaurants and entertainment in the region, the airport impacts over 43,000 jobs. This creates $6 billion in economic output which can all be attributed to the John Wayne Airport.
Shawn Nelson, Chairman of the Orange County Board of Supervisors, said this about the study results,
“This study confirms that John Wayne Airport is a powerful economic engine for Orange County. By connecting Orange County with destinations throughout the United States, Canada and Mexico, JWA connects local business and tourism with economic opportunity – and supports the prosperity of our entire community.”
The bottom line, Orange County John Wayne Airport is a significant economic engine for the region. Even with changes to the airline industry, John Wayne is positioned to continue to be an economic force in the area.
A copy of the full study can be found here: http://www.ocair.com/reportspublications/EconomicImpact/JWAEconomicImpactStudy2013.pdf