"Economic Impact Study: Minneapolis airport helps business, state economy"

Tuesday, March 1, 2005

Study: Airport helps business, state economy
The Minneapolis-St. Paul (MN) Business Journal


A new study shows that the Minneapolis-St. Paul International Airport has a
tremendous impact on the state's economy. 
 
The airport helps generate more than 150,000 jobs, $10.7 billion in annual
business revenue, almost $6 billion in personal income and $626.3 million in
state and local taxes, according to the study. 

"The Local and Regional Economic Impacts of the Minneapolis-St. Paul
Airport" study was conducted by John C. Martin Associates at the request of
the Metropolitan Airports Commission. 

According to a MAC press release, 6.5 million visitors came through the
Minneapolis-St. Paul airport in 2004. Those visitors spent nearly $3.7
billion in the Twin Cities visitor industry for food, lodging,
entertainment, merchandise and transportation, the study said. That spending
supported 87,161 jobs in the region. 

Other firms dependent on the airport and those that serve the visitors spent
another $1.3 billion on local purchases, supporting 15,837 jobs, the study
reported. 

The airport itself created $283.5 million in state taxes, $139.3 million in
county taxes and $6.9 million in local taxes.


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