Aviation is an important component in North Carolina’s economy, according to a recently completed economic impact study that shows the state’s 72 publicly owned airports contribute nearly $26 billion to the state’s economy and support more than 108,000 jobs. The contribution represents 6% of the state’s gross domestic product.
“Aviation and aerospace continue to be an integral part of North Carolina’s economic engine,” said N.C. Department of Transportation’s Division of Aviation Director Richard Walls. “As our state continues its investment in aviation, aerospace companies continue to invest in North Carolina, with new manufacturing plants and technology.”
According to the report:
- North Carolina airports support more than $4 billion in personal income for aviation-related jobs;
- State and local governments received more than $770 million in sales, property, corporate and personal taxes due to airport activity; and
- The local property tax related to airport activities is about $277 million.
The Division of Aviation commissioned the Institute for Transportation Research and Education (ITRE) at North Carolina State University to compile the 2012 Economic Contribution of Airports in North Carolina report on how aviation impacts the state’s economy. According to the report, the state’s 63 general aviation and nine commercial service airports provide a vital link to regional, national and international markets.
For more information: NCDOT.gov/aviation