The Centennial Airport reported on Monday that its economic impact in 2020 was an estimated $2.1 billion, nearly double the $1.3 billion it contributed to the economy as of the last evaluation in 2013.
“A little more than five years ago, this airport set out to position itself as not just another general aviation airport, but as a valued business partner, and we are pleased to see the results of this effort in this year’s Airport Economic Impact Report,” said CEO Robert Olislagers.
The report, which the Division of Aeronautics plans to release in April, evaluated Colorado’s airport payrolls, business revenues, jobs and other “value added” benefits — which includes dividends, rents and profit streams.
Denver International Airport’s economic impact, by contrast, is an estimated $33.5 billion. That number factored in visitor spending, including the average amounts spent on lodging, food and retail purchases.
Colorado has estimated the economic impacts of its aviation industry approximately once every five years since 1996.
Centennial Airport has a payroll of just under $600 million and supports 10,341 jobs. It is one of the busiest general aviation airports in the country, which means it does not have scheduled passenger service. There are 55 other such airports in Colorado and 74 public-use airports total.