Economic Impact

New York Statewide Economic Impact Assessment: 2003 and 2011

R.A. Wiedemann & Associates was selected to serve as the project manager of a consulting team evaluating economic impacts of aviation in New York State. The first statewide assessment was in 2003. This study involved the estimation of IMPLAN impacts for 76 airports, including all 18 airline service facilities in the State. Significant coordination with the Port Authority of New York and New Jersey was handled by Mr. Wiedemann in developing updated impacts for JFK International and La Guardia. In addition to a technical report and executive summary, Mr. Wiedemann assisted on the production of a video that described the results of the study.  That video is now available for Internet streaming on the New York State Department of Transportation web site, along with the technical report and executive summary.  Two sets of numbers were generated to show the before and after-effects of the attacks of September 11, 2001.  It was shown that in addition to the priceless lives of Americans lost in the World Trade Center, roughly $3 billion in economic impacts were suffered.  Activity has recently regained its pre-2001 momentum, and aviation is one of the economic engines fueling the recovery.

Mr. Wiedemann followed up the 2003 study in 2010 with another statewide economic impact assessment. The results indicate that between 2003 and 2010, the impact of aviation grew significantly in the state.  Almost all of this growth was concentrated at the two Port Authority Airports – JFK International and LaGuardia. This most recent study involved the development of surveys for general aviation airports and for their tenants, site visits to commercial airports, and surveys of more than 900 businesses in the state.  The technical report and executive summary assessed methods of increasing airport revenues and focused on targets that increased economic impacts such as aviation manufacturing, air passenger enplanements, air cargo, and business aviation.  The new study examined the impact of the recent recession that began in December of 2007.

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