Charlotte Douglas International Airport Adding $16.2 Billion To Our Region

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Yesterday the Charlotte Douglas International Airport held a special unveiling for their new economic impact study.

They paid UNC Charlotte $79,000 to tear apart mountains of data to determine exactly what kind of benefit the airport was having on our region.

According to the study, the airport adds approximately $16.2 billion to the Charlotte region, from both direct spending and indirect spending – including factors that were consistent with standard Federal Aviation Administration (FAA) guidance.

Direct Impacts
(Airport tenants, contractors, American Airlines, general aviation)
Jobs

29,185

Payroll

$1.45 billion

Output

$4.31 billion

Indirect Impacts

(Regional employers, hotels, visiting passengers)

Jobs

195,225

Payroll

$10.07 billion

Output

$11.9 billion

Total 224, 410 $11.52 billion $16.21 billion

 

The airport’s total impact on the region’s economic output has increased by a staggering 67% since the study was last performed – up from $9.7 billion in 2005.

The Charlotte Douglas International Airport is currently undergoing a massive $2.5 billion makeover, adding more passenger and flight capacity, and making drop-offs and pickups quicker and easier. This should also drastically increase the economic impact on our region for years to come.

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