What is Barnstable Municipal Airport worth to the Cape Cod economy? The Aeronautics Division of the Massachusetts Department of Transportation has an answer. In an update of its 2011 airport impact study, the agency estimates the total economic value of the Hyannis-based airport to be about $208 million annually. The figure includes $119.2 million in direct effects and $88.7 million in airport business and employee payroll that are recirculated into the community. For every $100 spent by aviation-related businesses, an additional multiplier of $56 is created in the local economy.
“This study demonstrates that our airport is more than about planes and runways,” said Airport Commission Chairman Ronald Persuitte. “Our overall economic engine of flights, improvement projects and visitor spending helps to propel the overall Cape Cod economy.”
Barnstable Airport is the primary aviation gateway for tourism in the region, and for private aircraft and air cargo, the study concluded. It is crucial to the regional economy for the transport of workers, food, and time-sensitive cargo to Nantucket and Martha’s Vineyard as well.
Airport Manager Roland “Bud” Breault said the $119.2 million in direct benefits includes on-airport public and private business, the hosting of government tenants and capital construction projects. “As money is invested in the airport by its many tenants, the Airport Commission, the Federal Aviation Administration (FAA), and the Massachusetts Department of Transportation through its Aeronautics Division, it flows into the local economy as good jobs and consumer spending,” he added.
The state study determined that 2,135 jobs are associated with the airport, including the worldwide work force of Cape Air which has its headquarters here, Breault said.
Barnstable Airport completed $40 million worth of major capital improvements in 2011 and has finished a number of additional airfield upgrades since then; more are underway. For more on the study and the upgrades, please visit www.town.barnstable.ma.us/airport.