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Monday, September 15th, 2014 Mostly Cloudy, 57 F

Airport as Economic Catalyst

An overview of the economic benefits the Ithaca Tompkins Regional Airport has for the local community.

Economic Impacts

  • The Ithaca Tompkins Regional Airport contributes more than $30 million annually to the local economy. To read more about our economic value, please read our 2012 Annual Report.
  • The Airport served more than 205,000 passengers in 2013.
  • Airport business impacts equal more than $13 million annually.
  • The total number of aviation related jobs created is almost 400 with a combined payroll of more than $5.3 million. 

Funding

  • The Airport is financially self-sustaining in a manner similar to a private business enterprise.
  • Airport expenses are paid from revenues generated by:
    • Airlines and other aviation users
    • Concessionaires providing services to passengers
    • Airport Parking Fees

Financing

  • Capital financing for Airport improvements is derived from FAA grants, Passenger Facility Charges, and Public Improvement (Serial) Bonds.

Non-Monetary Benefits

  • Air Transportation Benefits - Time Saved, Costs Avoided
  • Stimulation of Business - Supplements Regional Business Activity
  • Aeromedical Evacuation - Life-saving Activities
  • Pilot Training

For a complete overview of the economic benefits the Ithaca Tompkins Regional Airport has for the local community, please view our PowerPoint presentation.

Related Files
  • Delta Airlines
  • USAirways
  • United Airlines
Free Wi-Fi

Enjoy free wi-fi at the airport, and learn more about our facilities and why you should fly ITH.