TUCSON, AZ (Tucson News Now) - A new study has valued Tucson's airports in the billions with regards to the economic impact in southern Arizona.
A report said Tucson International Airport (TUS) and Ryan Airfield (RYN) both contribute $7.4 billion in annual economic impact, according to a news release from the Tucson Airport Authority.
The study was done by Elliott D. Pollack & Company for the Tucson Airport Authority, the organization that operates the two airports, using research conducted in 2017 of airport businesses and airline travelers.
The study said TIA and RYN support 43,062 jobs, paying $2.3 billion in wages. A direct job at TAA's airports has an average annual wage of $81,731 including benefits, well above the average Pima County household median income of $47,000, according to the news release.
The report states that more than 3.4 million passengers a year use TUS and visitors flying in to TUS account for $947.6 million in total economic impact.
REPORT HIGHLIGHTS FROM TUCSON AIRPORT AUTHORITY:
- Direct operations of TUS and RYN and its tenants including passenger and cargo airlines, Raytheon Missile Systems, the Arizona Air National Guard 162nd Wing, Bombardier Aerospace, terminal businesses, the TAA and others, created 16,180 jobs with wages and benefits totaling $1.3 billion and an economic impact of $4.5 billion.
- Spending by visitors arriving at TUS generated an additional 8,774 direct jobs with $241.7 million in wages and benefits.
- The City of Tucson received $36 million in tax revenues from businesses and employees of TAA, airport tenants and tourist spending, representing 3.7 percent of the city's operating expenditures.
- Pima County received $45.4 million in tax revenues from TAA businesses and employees and tourists spending, representing 3.7 percent of its operating expenditures.