Business & Tech
Lambert Study: Airport Generates $3.6 Billion for St. Louis Biz
The study says the airport creates $1.8 billion in direct economic output, $800 million in business purchases and $1 billion in employee household spending.
Lambert-St. Louis International Airport recently funded a $60,0000 self-assessment that reveals the airport generates about $3.6 billion annually in revenue for businesses in the 16-county metro area.
According to the study, the airport creates direct economic output of $1.8 billion, $800 million in indirect impact from business purchases and a $1 billion indirect impact from employee household spending, according to a St. Louis Business Journal report.
The report also states airport services account for two-thirds of Lambert’s direct economic impact, support 4,600 on-airport jobs that pay in total $273 million a year.
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Chicago-based aviation consultancy Unison Consulting executed the study, and used U.S. Bureau of Economic Analysis information for the region.
For additional information the study click here to read the St. Louis Business Journal report.
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