2019 Economic Forecast December 7, 2018

Transcription

1 Airport Vision, Projects & Economic Engine 2019 Economic Forecast December 7, 2018 Presented by Dawn RH Veatch, Manager SBY Regional Airport

2 Vision for the Future The Next 5 years will bring.. o New Development and approximately 420 Jobs o $37M in Business Revenue o $22M in Personal Incomes and Revenues The Business Opportunities on the Horizon o UAS/Drone Center for Innovation o New Corporate Jet Center 2020 o New Cargo Ramp and FEMA Distribution 2021 The City Water and Utilities are a key component o Water - summer 2019 o And we are exploring Natural Gas and Solar

3 Economic Impact from SBY Direct/Indirect Impacts Jobs Business Revenue- $84M $78M Personal Income &Revenue $65M $84M State and Local Taxes $ 7M $15M Local Purchasing - $25M $28M

4 Economic Impact Piedmont Airlines SBY Regional Airport Largest Employer Headquarters Maintenance Base High paying technical and skilled jobs New Fleet 100% regional jet operation

5 Industrial Park with Cargo Ramp

6 Joint Use FEMA/Cargo Cargo & FEMA Facility Impact Summary Total Jobs Direct Jobs 148 Induced Jobs 62 Indirect Jobs 91 Total Jobs 300 Personal Income ($1,000) Direct $5,230 Induced $5,156 Indirect $4,834 Total $15,220 Business Revenue ($1,000) $22,706 Local Purchases ($1,000) $11,210 State and Local Taxes ($1,000) $3,439 Direct/Indirect Impacts- Cargo Incre Jobs % Bus Rev- $78M +$22M 28% Pers. Inc/Rev $84M +$15M 17% State/LocalTax $15M +$3.4M 22% Local Purch. - $28M +$11M 39% Total Investment $15M Net Local Investment $1M FAA/MAA AIP Funding $8M PPP/FEMA $6M

7 Corporate Jet Center

8 Corporate Jet Center Corporate Jet Center Direct/Indirect Impacts- Jet Ctr 2021 Impact Summary Total Jobs Direct Jobs 32 Induced Jobs 15 Indirect Jobs 19 Total Jobs 67 Personal Income ($1,000) Direct $1,478 Induced $1,435 Indirect $993 Total $3,906 Business Revenue ($1,000) $8,987 Local Purchases ($1,000) $2, Incre Jobs % Bus Rev- $78M +$8.9M 11% Pers. Inc. &Rev $84M +$3.9M 5% State/Local Tax $15M +$1.1M 7% Local Purch. - $28M +$2.2M 8% Partner Investment $6M State and Local Taxes ($1,000) $1,143

9 UAS/Drone Center of Innovation

10 UAS/Drone Center of Innovation On-site and Visitor Impact Summary Total Jobs Direct Jobs 25 Induced Jobs 14 Indirect Jobs 15 Total Jobs 53 Personal Income ($1,000) Direct $1,623 Induced $1,574 Indirect $740 Total $3,937 UAS/Drones Drone Center Direct/Indirect Impacts- UAS Ctr Incre Jobs % Bus Rev- $78M +$6.7M 11% Pers. Inc. &Rev $84M +$3.9M 5% State/Local Tax $15M +$.9M 7% Local Purch. - $28M +$1.7M 8% Business Revenue ($1,000) $6,757 Public-Partnership Investment $1M Local Purchases ($1,000) $1,702 State and Local Taxes ($1,000) $962

11 2021 Economic Impact Direct/Indirect Impacts (7yrs) Jobs Business Revenue Person. Inc &Rev State/Local Tax Local Purchasing Incre % $84M $78M $115M 36% $65M $84M $106M 63% $7M $15M $20M 185% $25M $28M $42M 68%

12 Visual 7yr Data Goal 500 Jobs by 2022 Jobs % New Jobs Jobs- Bus Rev- Pers. Inc. &Rev State/Local Tax Local Purch. -

13 Visual 7yr Data 160 Personal Income and Revenue $106M $65M 63%

14 Visual 7yr Data Business Revenue $115M $84M $78M % 36%

15 Visual 7yr Data 25 State/Local Tax $20M % 5 0 $7M

16 Visual 7yr Data 50 Local Purchasing $43M $25M 68%

17 Airport Expansion & Improvement Runway Extension Master Plan Critical to SBY continued Development and Growth Critical Aircraft at 8000 RWY- new length B-757 loaded to west coast and Central America and Caribbean non-stop EMB 145LR- Piedmont w/out restrictions Corporate Jets Long Haul

18 Infrastructure Development Terminal Improvements Increasing the Passenger Experience New Passenger Lounge and Food & Beverage New seating in the Lobby New Iconic photos of our Community Increased charging outlets Refurbishing the Restrooms Adjusting Parking Fee

19 Infrastructure Development Safety and Capacity Enhancements New ARFF (Crash Fire Rescue ) Facility UAS/Drone Center for Innovation New Runway Extension to 8000 New Cargo Ramps & FEMA Area Increasing awareness of our Opportunities

20 Infrastructure Development New Airport Crash Fire Rescue Building Open in Summer 2019 New ARFF w/ Restaurant and Observation Deck

21 Infrastructure Development Maybe not in will Bring.

22 Infrastructure Development Opening Summer 2019

23 Joint Use FEMA/Cargo 2021

24 Infrastructure Development Challenges Easton and Georgetown, OC, Manassas Recapturing our lost business opportunities Developers and Investors New Box Hangars Public Pvt Partnership Most Airport Sponsors build community hangars New Strategies for Competition

25 Infrastructure Development Project Challenge fiscal recovery

26 The Future is First Class at SBY Regional Airport

27 Name is the Same but with a new Vision!

28 Thank you- and Visit us website flysbyairport.com facebook 12/10/2018