Tuesday, May 26, 2015

Study Reports Spokane Airports Have $791 Million Economic Impact

A new study says the Spokane International Airport, along with the Airport Business Park and Felts Field, generates $791 million in direct economic impact a year, according to a Spokesman-Review article.

The research, undertaken by Eastern Washington University’s Institute for Public Policy & Economic Analysis and economics faculty, looked at airport-based jobs, visitors and businesses that feed into the economy of Spokane and Kootenai counties, based on 2013 data.

The business park added another $113 million and Felts Field contributed $57.5 million directly to the local economy. That number is up $100 million from a previous study using 2008 data.

The study showed that Felts Field supports 295 jobs.
In comparison, Spokane International Airport supported 4,598 jobs. The study also showed that the business park was responsible for 1,025 jobs.

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About SRTC

SRTC is the federally designated Metropolitan Planning Organization (MPO) for Spokane County. Urbanized areas with populations exceeding 50,000 people are required to have an MPO. SRTC was formed to address the county's transportation planning needs. It provides coordination in planning between the public, cities, small towns, the county, the state, transit providers, and tribes.

SRTC offers services including transportation monitoring, transportation modeling, census information analysis, travel demand forecasting, historical traffic count analysis, geographic information systems, and trip generation rates.