Report: PGD Airport Worth $353M in Economic Impact

A new study out Thursday shows the Charlotte County airport has an economic impact of more than $353 million to the area. The study report estimates that, regionally, the airport accounts for $353.2 million in annual economic output; 3,618 full-time equivalent jobs, with $110.4 million in annual payroll; $24.8 million generated annually through state and local taxes; and $28.5 million in annual federal taxes.
For Charlotte County alone, the report puts the estimated annual economic impact at $208.3 million. Airport Executive Director James Parish told the News-Press the findings will come in handy “when there’s a developer looking to do something” in the vicinity of the airport.
Punta Gorda Airport served more than 1.1 million passengers in 2016, for a nearly 34 percent increase over 2015.

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