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NEWS Last modified on February 10, 2015

Miami International Airport – economic powerhouse

Miami International Airport has an "unparalleled impact" on the local economy and local job market, according to a new study.

Already Miami-Dade County’s top economic engine, the study found that MIA – as well as the County’s four general aviation airports – now support 282,000 direct and indirect jobs and $33.7 billion in business revenues, an increase of 4,600 jobs and $200 million over the previous year.

Some 38,000 private and public sector employees work onsite at MIA, with site-generated personal wages now exceeding $1.7 billion.

“Simply put, the Miami-Dade Aviation Department continues to deliver for our community,” says Miami-Dade County Mayor, Carlos Gimenez.

“MIA and the general aviation airports are a force for good, supporting jobs, trade, tourism and consumer spending across the county.”

MIA made year-over-year gains in nearly all key areas analysed by Pennsylvania-based Martin Associates, which has provided economic impact studies for the Miami-Dade Aviation Department (MDAD) since 2002.

The airport alone generates $33.06 billion in direct and indirect business revenues, a figure that reflects the airport’s site-generated dollars and its heavy influence on the local tourism industry, one of Miami-Dade County’s leading economic sectors.

Its 2014 growth was spurred in part by the addition of eight new air carriers that are projected to bring 6,800 direct and indirect jobs to the community and generate business revenues in excess of $830 million, assuming that they sustain operations at MIA for one full year.

No local property taxes are used to support operations at MIA or any of the County’s other four airports. However, while MIA does not rely on taxpayer support, Martin Associates’ latest study found that the airport is a major contributor to the tax rolls, paying $394 million in local and state taxes and $731 million in aviation-specific federal taxes, for a total of $1.1 billion in tax contributions.

“MIA has long been known as the top economic engine for Miami-Dade County, and this study puts that unofficial title in clear context,” notes Miami-Dade Aviation Director Emilio T González.

“We aren’t just in the business of connecting our community to the world – we’re in the business of supporting hundreds of thousands of local jobs, billions of dollars in local purchases and tens of billions of dollars in business revenues across a variety of industries.

"We’re determined to continue on this upward path and to support the community that supports us.”

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