P. 1
Lax 2011 Economic Impact Analysis

Lax 2011 Economic Impact Analysis

Ratings: (0)|Views: 938 |Likes:
Published by Bill Rosendahl

More info:

Published by: Bill Rosendahl on Aug 20, 2012
Copyright:Attribution Non-commercial

Availability:

Read on Scribd mobile: iPhone, iPad and Android.
download as PDF, TXT or read online from Scribd
See more
See less

01/08/2013

pdf

text

original

 
 
LOS ANGELESINTERNATIONAL AIRPORTIN 2011
ECONOMIC IMPACT ANALYSIS
 
ECONOMIC & POLICY ANALYSIS GROUP
Los Angeles County Economic Development Corporation
Photo: LAWA, LAX
 
 
Los Angeles County Economic Development Corporation444 S. Flower Street, 37
th
Floor 
 
 
Los Angeles, CA 90071(888) 4-LAEDC-1
 
 
www.LAEDC.org
Christine Cooper, Ph.D.Myasnik PoghosyanShannon M. Sedgwick August 2012This report was commissioned by the Los Angeles World Airports.The LAEDC Economic and Policy Analysis Group offers objective economic and policy research for public agenciesand private firms. The group focuses on economic impact studies, regional industry analyses, economic forecasts andissue studies, particularly in water, transportation, infrastructure and environmental policy.Every reasonable effort has been made to ensure that the data contained herein reflect the most accurate and timelyinformation possible and they are believed to be reliable.The report is provided solely for informational purposes and is not to be construed as providing advice,recommendations, endorsements, representations or warranties of any kind whatsoever.
 
Economic Impact Analysis Los Angeles International Airport in 2011Economic and Policy Analysis Group i
 
Executive Summary
Los Angeles International Airport (LAX),located at the western edge of the city wherethe land meets the Pacific Ocean, is thesixth-busiest airport in the world, with 61million passengers moving in and out of theairport on 265,000 flights during the 2011fiscal year. More than 1.9 million tons of airfreight and mail was carried. This activity and other on- and off-airportoperations contributes to the local andregional economy by generating businessrevenues for firms providing passenger and aviation service and all supporting services, andby providing employment for thousands of workers. All this activity, in turn, generates taxrevenue for state and local governments.
Economic and Fiscal Impact
 The economic activity in Los Angeles County resulting from activity occurring at LAX in2011, including its capital spending and its related visitor spending, generated 294,400 jobs inLos Angeles County with labor income of $13.6 billion and economic output of more than$39.7 billion. This activity added $2.5 billion to local and state revenues.
Economic Impact of Los Angeles International Airport in 2011(Los Angeles County)
 
LAX OngoingOperationsCapitalExpendituresVisitor SpendingTOTAL
*
 Direct Economic Activity
Employment 49,000 5,400 119,100
173,500
Output ($ millions) 10,400 850 10,000
21,300Total Economic and Fiscal Impact
Employment (jobs) 103,100 10,700 180,600
294,400
Labor income ($ millions) 6,200 600 6,800
13,600
Output ($ millions) 18,900 1,700 19,000
39,700
State and local taxes ($ millions) 1,100 60 1,340
2,500
* May not sum due to roundingSource: Estimates by LAEDC

Activity (18)

You've already reviewed this. Edit your review.
1 hundred reads
1 thousand reads
Sourav Sachan liked this
anup_nair liked this
Ramon Padilla liked this
Akuu Saiia liked this
Joseph Jacobus liked this
Joseph Jacobus liked this
mruiz_52005 liked this

You're Reading a Free Preview

Download
/*********** DO NOT ALTER ANYTHING BELOW THIS LINE ! ************/ var s_code=s.t();if(s_code)document.write(s_code)//-->