Jobs and Revenue Lost If New York Closes Airports (Green Deal)

Even small airports bring in the $$$$$

The total economic impact of the airport in 2012 was more than a half billion dollars. The impact takes into consideration not only jobs, income and taxes, but also incorporates the money the airport spends for daily operations and capital expenses. Additionally, the study conducted by Boyd Group International, factors in transportation cost savings.

The Akron-Canton Airport generated an estimated $50.7 million in local, state, federal, sales and excise tax revenues in 2012. These taxes support many programs that aim to improve the quality of life in the community, such as the support of schools, infrastructure improvements and further economic development.

The airport and its tenants directly employed 1,821, and total employment generation equaled 3,086. The average annual income of those employees reached $57,400, in 2012….

Here is just a snippet of the economic impact of New York airports:

In total, New York’s commercial airports, which includes LaGuardia, John F. Kennedy International, Newark Liberty International and New York Stewart International, flew 138 million passengers in 2018, a 3.8 percent increase.

LaGuardia — based in Cortez’s district – employs 12,000 individuals directly and as many as 136,000 indirectly, totaling $6.8 billion in wages and $18.7 billion in economic activity for New York and New Jersey, according to data from the New York Port Authority

(FOX)




Passenger operations at JFK International Airport have an estimated impact of $30.4 billion on the region, while LaGuardia Airport had a $11.2 billion impact and Newark Liberty International Airport was at $16.5 billion.

Cargo at JFK alone is an $8.8 billion bump.

To handle the massive number of travelers and goods, JFK employs 38,232 workers. Newark employs 20,268 followed by LaGuardia at 11,977….

(CRAIN’S)

Think of all the jobs lost, continued revenue, taxes, and the like if Cortez gets her way:

ANDREW CUOMO’S Press Room:

Two New Major International Terminals Will Add 4 Million Square Feet to Airport’s North and South Sides, Increasing Airport’s Capacity by at Least 15 Million Passengers Annually and Transforming Traveler Experience from Curb to Gate

Historic Investment Advances Governor’s JFK Vision Plan for a Unified, Modern Airport with World-Class Passenger Amenities, Expanded Taxiway and Gate Capacity, State-of-the-Art Security, Streamlined Roadway Access and Centralized Ground Transportation Options – See Renderings Here

First New Gates Will Go Live in 2023 with Project Completion in 2025; 90 Percent of $13 Billion Plan Represents Private Investment

Includes 30 Percent MWBE Goal for Contracts and Financing Interests; Extensive Community Opportunities to be Created, Including Local Office to Assist with Contracting and Job Placement to Open in Jamaica this Fall……

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