Airport Contributes $23.3M To Economy

NASHVILLE - The Tennessee Department of Transportation has completed a year-long Statewide Aviation Economic Impact Study, finding Tennessee’s public-use airports contribute $40 billion to the state’s economy and support 220,936 jobs in Tennessee.
The study analyzed the economic impacts at Greeneville Municipal Airport and found the airport contributes $23.3 million to the state’s economy.
The study analyzed the economic impacts of on-airport activities, off-airport activities, multiplier impacts, and freight/cargo.
Examples of on-airport activities include economic impacts from business tenants, airport construction spending, and airport employment.
Off-airport impacts include visitor spending. Visitor spending at Greeneville Municipal Airport generated $3.8 million in revenue to the state in 2019.
Analysis found that on-airport impacts generated 180 jobs, $8.4 million in payroll, and $23.3 million in business revenue.
This Economic Impact Study represents the 2019 annual economic impact of the aviation system on the state’s economy. Therefore, the study is a good representation of the annual economic impact of the aviation system during a non-pandemic world.
“We are proud that the Greeneville Municipal Airport contributed successfully to the state’s economy in 2019. With the Town of Greeneville taking the reins, our goal is to benefit the area even more, in the future,” said Steven Neesen, Manager of the Greeneville Municipal Airport. “We are a gateway for individuals and companies to create opportunities in our area.”
Greeneville Municipal Airport is an asset to our local community and Tennessee’s $40 billion aviation industry. Airports serve as a catalyst for people to conduct business, serve clients, and ship cargo. Having a well maintained and diverse aviation system supports a robust economy.
View the Executive Summary, including the breakdown of each Tennessee airport, at https://www.tn.gov/content/dam/tn/tdot/aeronautics/TASP-Economic%20Impact%20Brochure.pdf.