FOR IMMEDIATE RELEASE
February 24, 2021
Airport Manager, Jon Glass, firstname.lastname@example.org
The Tullahoma Airport contributes $21,000,000 to the Economy
TDOT Releases the 2019 Aviation Economic Impact Study
Nashville, TN – The Tennessee Department of Transportation has completed a year-long Statewide Aviation Economic Impact Study, finding Tennessee’s public-use airports contribute $40 billion to the state’s economy and support 220,936 jobs in Tennessee. There are 6 commercial service airports and 72 general aviation airports in Tennessee.
The study analyzed the economic impacts at Tullahoma Airport and found the airport contributes $21,000,000 to the state’s economy. The study analyzed the economic impacts of on-airport activities, off-airport activities, multiplier impacts, and freight/cargo. Examples of on-airport activities include economic impacts from business tenants, airport construction spending, and airport employment. Off-airport impacts include visitor spending. Visitor spending at Tullahoma Airport generated $1,500,000 in revenue to the state in 2019. Analysis found that on-airport impacts generated 149 jobs, $7,500,000 in payroll, and $11,500,000 in business revenue.
“I am very happy to see the economic impact the Airport contributes to Tullahoma. I look forward to the Airport attracting more business and employees for our area with the 100 – acre Airport Business Park,” said Tullahoma Mayor Ray Knowis.
Tullahoma Airport falls in Region 2 of the state’s airports, which stretches from the Kentucky border to the Georgia and Alabama line, with 24 counties and 19 airports. Tullahoma Airport ranks 2nd behind Chattanooga’s Lovell Field in Economic impact in Region 2.
This Economic Impact Study represents the 2019 annual economic impact of the aviation system on the state’s economy. Therefore, the study is a good representation of the annual economic impact of the aviation system during a non-pandemic world.
Tennessee’s 78 public-use airports are critical components of the state’s transportation network, linking and providing access to regional, national and global transportation systems – TDOT Commissioner Clay Bright.
“A safe, secure, efficient and resilient aviation system is essential to our state’s physical, economic, and social health. This report recognizes aviation as a driver of the economy, including economic recovery,” said TN Aeronautics Director, Michelle Frazier.
Tullahoma Airport is an asset to our local community and Tennessee’s $40 billion aviation industry. Airports serve as a catalyst for people to conduct business, serve clients, and ship cargo. Having a well maintained and diverse aviation system supports a robust economy.