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For Immediate Release:
HAGERSTOWN REGIONAL AIRPORT CONTRIBUTES MILLIONS TO LOCAL ECONOMY
HGR ranks second in Business Revenue and Income Impact out of 35 public use airports in Maryland
Manager Washington County James Jenkins 240-313-2384 firstname.lastname@example.org
Hagerstown, Md. (July 29, 2015) - The Maryland Aviation Administration (MAA) just released their study detailing the economic impact of the 35 general aviation airports located in the State. The study focused on the important roles airports play in stimulating local economies by analyzing business revenue, job creation, personal income and tax contributions data from 2014. Included in the report is Hagerstown Regional Airport (HGR), a financially self-supporting airport complex managed by Washington County Government. The MAA study revealed HGR ranks second in Business Revenue and Income Impact out of 35 public use airports in the State of Maryland.
Statewide Economic Impact
In Maryland, the study revealed the following:
- Nearly 9,400 jobs can be traced to the aviation industry resulting in personal wages of more than $488 million
- More than $865 million in business revenue was generated
- Approximately $240 million was generated as a result of local purchases
HGR’s Economic Impact
HGR’s impact on the local economy is significant as shown in the following study highlights:
- HGR generated $108.9 million in business revenue and collected $8.4 million in state and local taxes
- The approximately 1,500 people employed by business activity brought in a total personal income figure of $79.6 million.
- Since the 2013 Impact Study, HGR’s total employment increased by 109 employees, personal income increased by $5.1 million and State and local taxes increased by nearly $1 million.
HGR includes more than 14 aviation-related businesses. These fixed base operators provide numerous services including aircraft rental, heated hangars, computerized weather, aircraft inspections and aircraft maintenance and repair. The flight school conducts discovery flights, pilot ground school and flight training.
Since 2008, businesses supporting the aero defense industry have landed at HGR bringing with it multi-million dollar defense contract awards. The growth in aero defense spawned local economic development, allowing government officials to bring the Pittsburgh Institute of Aeronautics (PIA) education program for FAA-approved Aviation Maintenance Technicians to the airport in 2011.
To access the full report, visit:
About Hagerstown Regional Airport
Hagerstown Regional Airport (HGR), a financially self-supporting airport complex managed by Washington County, is home to a variety of businesses that provide travel services to the general public and airside services to the general aviation community. The 400-acre facility includes a secured perimeter, an air traffic control tower, state-of-the-art navigational aids, and the second-longest public runway in the State of Maryland. Sun Air Express provides passenger service to Dulles International Airport (IAD) and Allegiant provides passenger service to Orlando Sanford International Airport (SFB). Visit flyhagerstown.com for more information.
About Washington County, Maryland Government
Washington County, Maryland Government strives to fulfill its duty to the citizens of Washington County with regard to operational efficiency, fiscal responsibility, and responsiveness to the needs of the community. This vision is used to ably assist the Board of County Commissioners of Washington County in achieving goals for moving the County forward as present needs and future plans are addressed.
According to the Maryland Department of Legislative Services, the Washington County General Fund has one of the lowest costs per capita for services provided of all 23 counties and Baltimore City. This is attributed to the efficiency, staffing levels, and cost containment exhibited in Washington County Government operations. Visit washco-md.net for more information.