Raleigh Exec's Economic Impact Expands According to Latest Study
SANFORD, N.C. -- Raleigh Exec expanded its economic impact over the last two years, now contributing more than $62.7 million in economic output annually and supporting 490 jobs, according to a report released today by the N.C. Department of Transportation's Division of Aviation.
The report, "North Carolina: The State of Aviation," highlights the pre-pandemic economic impacts of the state's public airports and the related aviation and aerospace assets that support North Carolina's aviation economy. The state Department of Transportation issues the report every two years to help guide future investment in aviation infrastructure and provide a tool for recruiting aviation and aerospace industry companies and investment.
In addition to economic output and jobs tied to the airport, the report estimated that Raleigh Exec contributes more than $2.4 million in state and local taxes and more than $20.2 million in personal income.
Statewide, publicly owned airports contribute $61 billion to the North Carolina economy and support 373,000 jobs. Those figures are generated by 10 airports with commercial service and 62 general aviation airports that connect local businesses and communities to the world.
"This report highlights the significant impact Raleigh Exec has on our local economy and our entire region," said Bob Heuts, airport director for Raleigh Exec. "As Raleigh-Durham International and commercial aviation recover from the pandemic, more activity will shift to regional airports like ours, and Raleigh Exec's impact and influence will continue to grow as the corporate gateway to the Research Triangle Region."
The report contains data compiled and analyzed by the North Carolina State University's Institute for Transportation Research and Education. Impacts are calculated based on factors such as jobs supported by the airports and the businesses that rely on them, business and leisure travelers, and airport capital projects and operations. The full report is available at ncdot.gov/aviation.
About Raleigh Exec
Billed as a premier corporate gateway to the Research Triangle, Raleigh Exec Jetport is a general aviation airport serving corporate and recreational flights in a region of central North Carolina that includes Raleigh, Durham, Cary, Chapel Hill, Sanford and the Research Triangle Park. Raleigh Exec operates on 700 acres off of U.S. 1, just 15 miles from the Raleigh Outer Beltline, and is home to corporate aircraft, the North Carolina Forest Service, many aviation-related businesses and one of the nation's largest and most respected flying clubs. More information is available at raleighexec.com.