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Overview of Hartsfield-Jackson's Economic Impact on Metro Atlanta Myrna White Director, Office of Public Affairs Department of Aviation

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Page 1: Overview of Hartsfield-Jackson's Economic Impact on Metro Atlanta Myrna White Director, Office of Public Affairs Department of Aviation

Overview ofHartsfield-Jackson's Economic Impact on Metro Atlanta

Myrna WhiteDirector, Office of Public Affairs

Department of Aviation

Page 2: Overview of Hartsfield-Jackson's Economic Impact on Metro Atlanta Myrna White Director, Office of Public Affairs Department of Aviation

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Project Purpose

Quantify the economic impact of the Airport

Describe the economic relationship between the Airport and the state and local economy

Page 3: Overview of Hartsfield-Jackson's Economic Impact on Metro Atlanta Myrna White Director, Office of Public Affairs Department of Aviation

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Components of Economic Impact

Relevant Economic Sectors Airport Generated Visitor Industry Related Jobs

Terms of Measure Jobs Wages (Personal Income) Business Revenue (Economic Impact)

Page 4: Overview of Hartsfield-Jackson's Economic Impact on Metro Atlanta Myrna White Director, Office of Public Affairs Department of Aviation

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Types of Impacts

Direct – Initial spending - initiated at the airport or by visitor purchases

Indirect – Purchases by businesses of supplies and services

Induced – Re-spending of wages for local goods and services

Page 5: Overview of Hartsfield-Jackson's Economic Impact on Metro Atlanta Myrna White Director, Office of Public Affairs Department of Aviation

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2013 Jobs Metro (Atlanta)

Jobs Airport Generated

Visitor Industry

Related Jobs* Total Jobs

Direct 63,291 173,099 9,146 245,536Indirect 51,312 38,989 8,710 99,011Induced 43,747 50,969 9,433 104,149

Total 158,350 263,057 27,289 448,696

*Related jobs are generated by aviation dependent exports, which are goods produced in the Atlanta MSA and sold and shipped to long distance customers through ATL. These sales, in turn, support jobs, the income paid to workers, and overall business revenues.

Page 6: Overview of Hartsfield-Jackson's Economic Impact on Metro Atlanta Myrna White Director, Office of Public Affairs Department of Aviation

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Comparison - Jobs

Jobs 2009 2013Direct Airport Generated 58,000 63,300Direct Visitor Spending 169,500 173,100Indirect and Induced 175,500 185,000

Sub-Totals 403,000 421,400Off-Airport Related Jobs 31,400 27,300

Totals 434,400 448,700

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* Jobs rounded to nearest hundred.

Page 7: Overview of Hartsfield-Jackson's Economic Impact on Metro Atlanta Myrna White Director, Office of Public Affairs Department of Aviation

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Employment Geography

MSA County On-Airport Employees

Percent of Direct Jobs

South Fulton 13,926 22.00%Coweta 9,365 14.80%Fayette 8,751 13.83%Henry 6,177 9.76%Clayton 5,012 7.92%Cobb 4,233 6.69%North Fulton 3,792 5.99%DeKalb 3,595 5.68%Gwinnett 1,852 2.93%Douglas 1,453 2.30%Cherokee 637 1.01%Rest of GA 4,343 6.86%Rest of U.S. 154 0.24%TOTAL 63,290 100.00%

Page 8: Overview of Hartsfield-Jackson's Economic Impact on Metro Atlanta Myrna White Director, Office of Public Affairs Department of Aviation

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2013 Wages

LaborIncome

Airport Generated

Visitor Industry

Related Jobs*

Total Earnings

Direct $4.17 billion $4.30 billion $592 million $9.06 billionIndirect $2.40 billion $1.85 billion $497 million $4.74 billionInduced $1.98 billion $2.27 billion $370 million $4.62 billion

Total $8.55 billion $8.42 billion $1.46 billion $18.42 billion

*Related jobs are generated by aviation dependent exports, which are goods produced in the Atlanta MSA and sold and shipped to long distance customers through ATL. These sales, in turn, support jobs, the income paid to workers, and overall business revenues.

Page 9: Overview of Hartsfield-Jackson's Economic Impact on Metro Atlanta Myrna White Director, Office of Public Affairs Department of Aviation

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2013 Business Revenue

Airport Generated

Visitor Industry

Related Jobs*

Total Revenue

Direct $16.46 billion $14.36 billion $4.00 billion $34.82 billion

Indirect (Local Purchase) $7.93 billion $5.59 billion $1.52 billion $15.04 billion

Induced (Labor Re-spending) $6.42 billion $6.77 billion $1.22 billion $14.42 billion

Total Business Revenue $30.81 billion $26.72 billion $6.74 billion $64.28 billion

*Related jobs are generated by aviation dependent exports, which are goods produced in the Atlanta MSA and sold and shipped to long distance customers through ATL. These sales, in turn, support jobs, the income paid to workers, and overall business revenues.

Page 10: Overview of Hartsfield-Jackson's Economic Impact on Metro Atlanta Myrna White Director, Office of Public Affairs Department of Aviation

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2013 Cargo Summary

Impact Type Employment Labor Income

Business Revenue

Direct 9,100 $592 million $4.00 billionIndirect (Local Purchase) 8,700 $497 million $1.52 billionInduced (Labor Re-spending) 9,400 $370 million $1.22 billion

Total Effect* 27,300 $1.46 billion $6.74 billion

DOMESTIC & INTERNATIONAL

* Totals may not add due to rounding. Jobs rounded to nearest hundred.

Page 11: Overview of Hartsfield-Jackson's Economic Impact on Metro Atlanta Myrna White Director, Office of Public Affairs Department of Aviation

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Summary of Impacts – Revenues

Direct Economic Impact$34.8 Billion annually to Metro Atlanta$38.4 Billion annually to Georgia

Total Economic Impact$64.3 Billion annually to Metro Atlanta$70.9 Billion annually to Georgia

Page 12: Overview of Hartsfield-Jackson's Economic Impact on Metro Atlanta Myrna White Director, Office of Public Affairs Department of Aviation

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Summary of Impacts – Jobs

Hartsfield-Jackson Direct Employment63,300 workers

Total Jobs - (Direct, Indirect, and Induced)448,700 jobs in Metro Atlanta481,500 jobs in Georgia

* Jobs rounded to nearest hundred.

Page 13: Overview of Hartsfield-Jackson's Economic Impact on Metro Atlanta Myrna White Director, Office of Public Affairs Department of Aviation

Thank you!

Myrna WhiteDirector, Office of Public Affairs

Department of Aviation