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TEMPE, Ariz. — The Phoenix-Mesa Gateway Airport helped generate $685 million in economic benefits last year, and the airport supports more than 4,000 jobs in the region. That’s according to a new study from the W. P. Carey School of Business at Arizona State University, which looks at how the airport contributes to the local economy.
The study examined the direct spending from both on-airport activity and air visitors’ activity off the airport in fiscal year 2010. That summed up to $378.5 million. When added together with the successive rounds of re-spending that money, the total came out to $685 million for the fiscal year.
“A well-functioning airport serves as a portal that welcomes commerce and visitors into the region,” says Research Professor Lee McPheters, who headed up the study on behalf of the L. William Seidman Research Institute at the W. P. Carey School of Business. “Compared to just two years ago, visitor spending from travelers arriving at the Phoenix-Mesa Gateway Airport is up by more than 80 percent. These air visitors alone spent more than $68 million last year, and that created more than 1,000 local jobs.”
In his breakdown, McPheters describes how the airport truly benefits not only the rapidly growing East Valley area, but also Maricopa and Pinal counties overall. Here are some specific details:
The numbers are especially impressive when you consider that on-airport economic activity increased 121 percent and off-airport spending went up 86 percent from fiscal year 2008 at the Phoenix-Mesa Gateway Airport. During the same time period, on-airport employment rose 45 percent, and off-airport visitor-related jobs went up 94 percent. All of this happened during one of the worst times recorded in Arizona’s economic history.
W. P. CAREY SCHOOL OF BUSINESS
The W. P. Carey School of Business at Arizona State University is one of the top-ranked and largest business schools in the United States. The school is internationally regarded for its research productivity and its distinguished faculty members, including a Nobel Prize winner. Students come from 99 countries and include 60 National Merit Scholars. For more information please visit wpcarey.asu.edu and http://knowledge.wpcarey.asu.edu.
PHOENIX-MESA GATEWAY AIRPORT
The Airport was established in 1994 and is owned and operated by the Phoenix-Mesa Gateway Airport Authority, which consists of the Gila River Indian Community, Gilbert, Mesa, Phoenix and Queen Creek. Gateway Airport offers nonstop passenger service via Allegiant Air with flights to more than 25 cities nationwide. For more information, visit phxmesagateway.org.