A recent study found Barnstable Municipal Airport to be a propeling force in the Cape's economy. The study conducted by the Aeronautics Division of the Massachusetts Department of Transportation estimates the total economic value of the airport to be roughly $208 million annual. The new numbers were included in an update of MassDOT's 2011 airport impact study.
"This study demonstrates that our airport is more than about planes and runways," said Airport Commission Chairman Ronald Persuitte.
The annual economic impact includes $119.2 million in direct effects and $88.7 million in airport-related business including payroll, a Barnstable Municipal Airport release said.
The MassDOT's study said the airport is crucial to the region's economy providing transportation for workers and the delivery of food and time-sensitive cargo to the Cape and Islands. In addition to being key to private aircraft and air cargo, the Barnstable Municipal Airport is the primary aviation gateway for the region's tourism industry.
In 2011 $40 million in capital improvements were completed at the Hyannis-based airport. "As money is invested in the airport by its many tenants, the Airport Commission, the Federal Aviation Commission and the Massachusetts Department of Transportation through its Aeronautics Division, it flows into the local economy as good jobs and consumer spending," said Airport Manager Roland "Bud" Breault. For every $100 spent by aviation-related businesses, an additional $56 is created in the local economy, the release said.
On the workforce front, 2,135 jobs are associated with the airport in Hyannis. This includes Cape Air's worldwide workforce. Headquartered in Hyannis, Cape Air was instrumental in bringing seasonal Jet Blue service from New York to Hyannis last year.
Read the Massachusetts Statewide Airport Impact Study Update here.