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.
The study analyzed the economic impacts at Ellington Airport and found the airport contributes $9.1M 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 Ellington Airport generated $477,000 in revenue to the state in 2019. Analysis found that on-airport impacts generated #45 jobs, $3.2M in payroll, and $9.1M in business revenue.
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.
“The Ellington Airport is a tremendous asset to Lewisburg and Marshall County business and industry,” said Lewisburg Mayor Jim Bingham. “Each day, people and products arrive or depart from our airport providing on-time resources to keep many economies functioning. Our strategic location, between Nashville, TN and Huntsville, AL, is getting us noticed as economic migration ramps up across the nation.”
Ellington 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.
View the Executive Summary, including the breakdown of each Tennessee airport, at https://www.tn.gov/content/dam/tn/tdot/aeronautics/TASP-Economic%20Impact%20Brochure.pdf.
