The impact from the Cambridge Dorchester Regional Airport is over 6 million.
Airport-related business revenue is defined as revenue generated by firms providing the services to the commercial airlines as well as to the general aviation aircraft, military aircraft, and to the flight schools. These firms providing the service and the individuals employed by these firms also pay state, local, and federal taxes.
Airport-related employment consists of three levels of job impacts – direct, induced, and indirect.
DIRECT JOBS are jobs directly generated by airport activity; therefore, if the airport didn’t exist, these jobs would not exist.
INDUCED JOBS are created by the re-spending of direct jobholders’ wages and salaries on local goods and services such as groceries, housing, gasoline, restaurants, entertainment, dry cleaning, drug stores, etc.
INDIRECT JOBS are created by the employment needs of the off-airport businesses that provide goods and services in support of airport operations such as aviation fuel suppliers, food and equipment vendors, and maintenance providers.
Personal Income consists of wages and salaries received by those directly employed by airport activity, and includes a re- spending impact which measures the personal consumption activity in the region of those directly employed as the result of airport activity. Indirect personal income measures the wages and salaries received by those indirectly employed.
State and local taxes are paid businesses and individuals involved in providing services in support of airport activity.
Read the Report:
CGE Cambridge-Dorchester Airport Brochure 2018