Development of a Web-Based Economic Impact Calculator for Small and Medium Sized Airports

This report details the development of a Web-based economic impact calculator for Minnesota’s Small and Medium Size, General Aviation airports. In this case, “economic impact” is defined as the result of expenditures or sales transactions between businesses or other entities that can be directly traced to the presence of an airport. The process involved site visits to 51 airports, meetings with airport managers, Fixed Base Operators (FBO), and Metropolitan council officials, as well as data collection of financials from airport sponsors and FBOs. After testing on the calculator was completed, it was transferred to the Mn/DOT Aeronautics server and can be found at http://dotapp1.dot.state.mn.us:8080/aeic/main.htm. The authors recommend, however, that a new effort be considered to obtain more detailed financials for FBOs as a way to improve calculator accuracy. Although the current model provides a good estimation of FBO expenditures, greater accuracy could be obtained with more data.

• Record URL:
  http://www.lrrb.org/pdf/200519.pdf
• Record URL:
  http://www.dot.state.mn.us/research/TS/2005/200519.pdf
• 
• Corporate Authors:

  University of Minnesota, St Paul

  Department of Applied Economics, 1994 Buford Avenue
  St Paul, MN  United States  55108-6040

  Minnesota Department of Transportation

  Research Services Section, 395 John Ireland Boulevard, Mail Stop 330
  St Paul, MN  United States  55155
• Authors:
  • Gartner, William
  • Erkkila, Daniel
  • Hyunkuk, Jo
• Publication Date: 2005-5

Language

• English

Media Info

• Media Type: Web
• Edition: Final Report
• Features: Appendices; Figures; References;
• Pagination: 46p

Subject/Index Terms

• TRT Terms: Accuracy; Calculators; Economic impacts; Expenditures; Fixed base operations; General aviation airports; Managerial personnel; Sales; Websites (Information retrieval)
• Uncontrolled Terms: Medium sized airports; Small airports
• Subject Areas: Aviation; Economics; Finance; Terminals and Facilities;

Filing Info

• Accession Number: 01005988
• Record Type: Publication
• Report/Paper Numbers: MN/RC-2005-19
• Contract Numbers: (c) 81655 (wo) 76
• Files: TRIS, STATEDOT
• Created Date: Oct 14 2005 12:50PM