Monday, August 22, 2005

Philadelphia International Airport: Ecomonic Powerhouse

According to the July issue of the Pennsylvania Air Service Monitor, Philadelphia International Airport’s total economic impact was over $14 billion last year. This accounts for 63% of the Commonwealth’s $22 billion total economic impact from air service in 2004. The $14 billion figure includes direct spending by airport and airline employees, indirect spending by Pennsylvania visitors arriving by air, and “induced” spending from the multiplier effect of the direct and indirect amounts being re-spent in the Philadelphia region.

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