September 15, 2011
From HIAA website
Source
Halifax Stanfield Worth Billions to Nova Scotia Economy
$1.25 Billion Economic Impact in 2010
Halifax, N.S. – Halifax Stanfield International Airport (HSIA) has contributed almost $12 billion to the Nova Scotia economy from 2000 to 2010. In 2000, the airport was transferred from the federal Government to the locally-controlled Halifax International Airport Authority (HIAA).
“Together, our airport partners have a tremendous impact on Halifax and the province as an economic generator and growth enabler,” says Tom Ruth, President & CEO, HIAA. “Over the last decade, the airport has played a huge role as a significant contributor to the Nova Scotia economy,” he says. “In the 10 years that the Airport Authority has been operating HSIA, the total impact of the airport on our community has risen by $753 million – or three quarters of a billion dollars – including new construction and air tourism impacts.”
As well, since 2000, the airport community employees have contributed $527.4 million in personal income tax to the province of Nova Scotia and $197.6 million in retail sales tax, while total employment at the airport has grown by 12.4 per cent from 11,000 in 2000 to 12,365 jobs in 2010.
An economic impact study, conducted by Chris Lowe Planning and Management Group, states that since operational transfer of the airport from the federal government in 2000, HIAA and airport tenants have contributed over $425 million in renovation and new construction impacts, generating some 6,610 full-time equivalent (FTE) construction-related jobs and $267 million in wages and salaries. These projects represent over 70 per cent of airport-related capital improvements in Atlantic Canada.
The study, released today, notes that Halifax Stanfield was worth $1.25 billion to the Nova Scotia economy in 2010, up from $1.22 billion in 2009.
The study confirms the HSIA community – made up of airlines, aerospace, air freight firms, the Airport Authority, retailers, restaurants, and other companies supporting the air transportation industry – is a major economic, fiscal and employment generator for the Halifax Region and Nova Scotia.
In 2010, direct employment created by the airport was 5,400 full-time equivalent (FTE) jobs. Major employers at Halifax Stanfield include IMP Group, Air Canada, and Jazz who together employ 2,148 FTE staff or almost 40 per cent of the airport’s workforce.
“Air travellers are a significant component of the province’s tourism industry,” says Ruth.
Visitors by air represent about 28 per cent of all tourists to Nova Scotia, and they stay longer and spend more than tourists who arrive by other modes of travel. In 2010, they generated an estimated $620 million in revenue or 34 per cent of the province’s estimated $1.82 billion total tourism revenues.
In 2010, airport community employees paid $58.6 million in personal income tax and generated $24.0 million to the province in retail sales tax.
Highlights of the 2010 Economic Impact Study
Total Provincial Benefit as a result of Airport activity:
- $1.249 billion in gross output is generated by airlines, air freight firms, retailers and other companies involved directly and indirectly in the air transportation industry ($1.224 billion in 2009)
- $425 million (since 2000) in renovation and new construction impacts
- The major tourism gateway to Nova Scotia
Wages and Salaries:
$488.7 million in total salaries and wages
o $213.4 million direct (airport-related activity)
o $117.4 million indirect (generated in a sector that supplies raw materials associated with direct economic activity)
o $157.9 million induced (generated by individuals employed in direct or indirect sectors)
Fiscal Impact:
- Airport community employees pay $58.6 million in personal income tax to the Province of Nova Scotia
- Airport community employees generate $24.0 million in retail sales tax
Employment (full-time equivalent):
- 12,365 jobs are attributable directly and indirectly to the Airport, which accounts for 2.7 per cent of employment in Nova Scotia
o 5,400 direct
o 2,970 indirect
o 3,995 induced
Full report here:
http://www.hiaa.ca/images/pdf_files/...ort%202010.pdf