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NEWS Last modified on October 7, 2013

New report reveals that Halifax Stanfield is a key economic generator for Nova Scotia

Halifax Stanfield International Airport contributed C$1.27 billion to the Nova Scotia economy in 2012, according to the latest economic impact report, released today. 

The figure repesents an additional $13 million in economic output over the previous year, according to Halifax International Airport Authority (HIAA).

“Together, the airport authority and all of our airport partners have a tremendous impact on Halifax and the province as an economic generator and growth enabler,” says Tom Ruth, HIAA's president & CEO.

“Halifax Stanfield is a world-class airport creating prosperity for the people and communities it serves.

“We will continue to propel Halifax Stanfield forward, embracing our role as a major contributor to the region.”

He adds: “It’s also noteworthy that our economic impact reaches out well beyond the urban centres of the province.

“A recent review showed that over 65% of airport community workers live in rural areas or rural communities of Nova Scotia, and their total wages and salaries amounted to nearly $330 million in 2012.”

In 2012, direct employment created by the airport was 5,400 full-time equivalent (FTE) jobs. 

Major employers at Halifax Stanfield include IMP Group, Air Canada, and Jazz who together employ 2,243 full-time equivalent (FTE) staff or over 40% of the airport’s workforce.

Total wage and salary impact of Halifax Stanfield on the provincial economy was $507.5 million.

As well, airport community employees contributed $60.9 million in personal income tax to the province of Nova Scotia and $26.6million in retail sales tax.

The report, conducted by Chris Lowe Planning and Management Group, states that since operational transfer of the airport from the federal government in 2000, HIAA and airport tenants have contributed approximately $475 million in renovation and new construction impacts, generating some 7,975 FTE construction-related jobs and $300 million in wages and salaries. 

These projects represent over 70% of airport-related capital improvements in Atlantic Canada.

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