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.
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Corporate Authors:
University of Minnesota, St Paul
Department of Applied Economics, 1994 Buford Avenue
St Paul, MN United States 55108-6040Minnesota 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