Economic Impact of State’s Airports gains Altitude
News Release
WATKINS – A new study by the Colorado Department of Transportation’s Division of Aeronautics shows the economic impact of the state’s 70 public-use airports has increased 30 percent from 2013 to 2018. Collectively, the airports are responsible for supporting $48.6 billion in business revenues, 345,661 jobs, $16.2 billion in payroll, and $27 billion in value-added.
“The increased economic impact of airports in Colorado underscores the importance and value of aviation statewide,” said CDOT Aeronautics Director David Ulane. “Under the direction of the Colorado Aeronautical Board, the Division of Aeronautics is proud to support Colorado’s airports and our aviation system as part of our state’s robust multimodal transportation network.”
The full Colorado Aviation Economic Impact Study will be released in April 2020. A Technical Memo detailing the study’s methodology can be found here. For the economic impact data for each airport sampled in the study and additional information, please visit the project website at ColoradoAviationSystem.com.
Under the Direction of the Colorado Aeronautical Board, the Colorado Department of Transportation’s Division of Aeronautics supports Colorado's multi-modal transportation system by advancing a safe, efficient, and effective statewide air and space system through collaboration, investment and advocacy. In partnership with the Federal Aviation Administration, 74 public use airports and a diverse group of aviation system users, the Division also works to promote aviation safety and education through the efficient administration of the Colorado Aviation Fund. For more information, check us out on YouTube, like us on Facebook and follow us on Twitter.
