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March 20, 2017

New study shows rise in Indianapolis airport’s contribution to local economy

The latest economic impact study released by the Indianapolis Airport Authority has revealed that Indianapolis International Airport in Indiana, US, has significantly increased its economic power since 2012.

By Lopamudra Roy

The latest economic impact study released by the Indianapolis Airport Authority has revealed that Indianapolis International Airport in Indiana, US, has significantly increased its economic power since 2012.

Conducted by the Indiana University Public Policy Institute, the new study measures the economic impact of the airport on Marion County.

The study reveals that Indianapolis International Airport is a major source of commerce on all primary areas of economic growth of the US county, contributing $5.4bn to the local economy.

Indianapolis Airport Authority executive director Mario Rodriguez said: “It’s pretty common for most people to think of the airport singularly as a place to help facilitate travel.

“IND operations also play a role in attracting more economic opportunity to the state and the city through smart land use, smart air service strategy and global connectivity."

“But it’s an economic engine that creates jobs, facilitates growth across local business sectors and spends significant money in the local market.”

As part of its economic contribution, the Indianapolis International Airport supports more than 22,500 job opportunities in Marion County, which equates to approximately $2bn in employee personal wages and benefits.

Of the total jobs, more than 10,100 are based at the Indianapolis airport campus alone.

In addition, the airport’s contribution to the county's economy has increased by $830m, which marks an 18% rise in local gross domestic product over the last four years.

Indianapolis Airport Authority Board president Barbara Glass said: “The numbers tell a compelling story.

“But the impact picture is even larger than the statistics reveal. IND operations also play a role in attracting more economic opportunity to the state and the city through smart land use, smart air service strategy and global connectivity.”

The study further noted that for every $1 generated by Indianapolis International Airport, an additional $1 is generated in Indiana’s Marion County.

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