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Collier County Airports Economic Impact Rises 30 Percent

Post Date:06/06/2019 2:30 PM

Collier County Airports Economic Impact Rises 30 Percent
 

Florida realizes significant economic benefits from aviation. The Florida Department of Transportation (FDOT) does a comprehensive economic impact analysis to measure those benefits. The benefits measured in the FDOT study consider on-airport, visitor spending, and multiplier impacts. 

The FDOT’s recently released findings of its statewide airport economic impact assessment shows the economic impacts of Collier County’s three county-owned and operated airports increased significantly compared to the FDOT’s last report in 2014. 

• Marco Island Executive Airport (MKY) 
o On-airport Impacts: $11.0 million – up from $4.5 million
o Total Output: $31.7 million– up from $27.6 million
• Immokalee Regional Airport (IMM) 
o On-airport Impacts: $19.4 million – up from $16 million 
o Total Output: $39.1 million – up from $27.7 million
• Everglades Airpark (X01) 
o On-airport Impacts: $960,000 – up from $435,000
o Total Output: $2.3 million – up from $1.1 million

Combined, Collier County’s general aviation facilities play an integral role in the economic development and growth of the county with total output of the three county airports up from $56 million in 2014, to $73 million, or more than 30 percent since the 2014 study. 

Airport officials credit the increase to the Collier County Airport Authority’s ongoing commitment to attracting new business, increasing aeronautical activity, and reinvesting in capital assets. Recent improvement projects include the rehabilitation of taxiways in Immokalee, the addition of new revenue generating equipment, and several vital planning initiatives at all three airports. A multi-phase terminal redevelopment project underway at the Marco Island Executive Airport aims to construct a new, state-of-the-art, two-story terminal building and expand the aircraft parking apron, all while increasing safety and utilization at the airport.

The Collier County airports have welcomed several new businesses, including the Culinary Accelerator @ Immokalee, along with new flight school and aircraft charter operations in Marco Island. Aeronautical activity also remains at record highs, with year-over-year fuel sales up more than 16 percent across the three airports over the same period in fiscal year 2018. 

“Our team has worked diligently to foster a business-friendly environment which has permitted growth in both aeronautical and non-aeronautical activity” said Justin Lobb, Airports Manager for the Collier County Airport Authority. “This ultimately allows for the reinvestment of revenues in vital capital improvement initiatives, thus furthering our position as premier general aviation gateways to southwest Florida and the Paradise Coast.” 

Florida’s 129 public-use airports are a major economic engine of the state’s economy. Florida’s airports provide space and infrastructure for important activities such as manufacturing, logistics, tourism, and emergency response. Statewide, the total economic impact of the industry is approximately $175 billion. The total economic impact in District 1, which includes Collier County, is approximately $13 billion.  

For more information, contact Justin Lobb, Collier County Airports Manager, at (239) 642-7878.
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