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NEWS Last modified on October 22, 2015

Halifax Stanfield helps drive Nova Scotia's economy – new report

Halifax Stanfield International Airport is a valuable provincial asset worth $1.3 billion to the Nova Scotia economy in 2014, according to the latest economic impact report.

The figure represents an additional $23 million in economic output over the previous year.

“With our ability to operate 24/7, the airport creates jobs; moves people, goods and ideas; and is one of the most critical pieces of transportation infrastructure in Atlantic Canada,” says Joyce Carter, president & CEO, Halifax International Airport Authority (HIAA).

“Together, theairport authority and all of our airport partners have a tremendous positive impact on Halifax and the entire province as an economic generator and growth enabler.”

HIAA and airport tenants have contributed to the Nova Scotia economy approximately $575 million in renovation and new construction impacts, since operational transfer of the airport from the federal government in 2000, generating some 9,075 full-time equivalent (FTE) construction-related jobs and $359 million in wages and salaries, says the report.

“These investments are a clear indication of our confidence in the future and we certainly have reason for optimism,” says Carter.

“Buoyed by the call to action in the One Nova Scotia Report, we believe there is no better time than right now to be aggressive in our pursuit of new opportunities. A successful airport is the backbone of business, the heart of a community, and the lifeblood of prosperity.”

In 2014, direct employment created by the airport was 5,725 full-time equivalent (FTE) jobs.

Major employers at Halifax Stanfield include IMP Group, Air Canada, and Jazz who together employ 2,288 full-time equivalent (FTE) staff or 40 per cent of the airport’s workforce.

Total wage and salary impact of Halifax Stanfield on the provincial economy was $600.8 million. As well, airport community employees contributed $63.1 million in personal income tax to the province of Nova Scotia and $31.6 million in retail sales tax.

The study – produced by Chris Lowe Planning and Management Group – confirms that the Halifax Stanfield community is a major economic, fiscal and employment generator for Halifax and Nova Scotia.

The community, says HIAA, is made up of the airlines, aerospace, air freight firms, the airport authority, retailers, restaurants, vehicle rental firms and other companies supporting the air transportation industry.

“Air travellers are a significant component of the province’s tourism industry,” adds Carter.

"Visitors by air represent 34% of all tourists to Nova Scotia, and they tend to stay longer and spend more than tourists who arrive by other modes of travel. In 2014, they generated an estimated $915 million in revenue or over 45 per cent of the province’s estimated $2 billion total tourism revenues."

Since opening in 1960, over 107 million passengers have been served by Halifax’s international airport.

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