June 19, 2008
Study Reveals Economic Impact of Local Airport
By Greeley Tribune, Colo.
Jun. 19--A recent study has revealed that the Greeley-Weld County Airport contributes more than $120.8 million to the annual economies of Greeley and Weld County.The study was a part of economic impacts of aviation throughout Colorado, performed by Wilbur Smith Associates through a Colorado Aeronautical Board grant. It examined the individual economic output of each of Colorado's 74 public airports, according to a prepared release.
In the past year, surveyors questioned tenants, users and local businesses throughout Greeley and Weld County. Their use, expenditures and employment were tied in numerous ways to the presence of the Greeley-Weld County Airport, the report found.
It showed the Greeley-Weld Airport is responsible for 1,766 jobs throughout the region, with a total annual payroll of more than $65 million and more than $120.8 million in annual economic output annually. A 1998 economic impact study showed that the airport was responsible for 349 jobs in the region, with a payroll of $8 million and $28 million of economic activity, the release stated.
Between 1996 and 2003, the airport underwent a $23 million expansion, the release stated.
The city of Greeley and Weld County jointly invested about $2.5 million in the expansion, in large part to ensure that the airport was capable of serving the region as an economic engine, the release stated.
The study also identified that statewide, the impacts of aviation account for more than 340,000 jobs, $11.1 billion in payroll, and $32.2 billion in economic output.
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