RENO, Nev. (KOLO) - The Reno-Tahoe Airport Authority has announced the facility generates $3.1 billion per year for the northern Nevada economy. That's based on a study conducted by the University of Nevada and EKAY Economic Consultants..
The authority says a $1.1 billion increase in economic impact numbers since the study was last conducted in 2012 demonstrates the airports’ influence as the region’s economic driver.
“Today’s announcement is about money and jobs,” says Airport President and CEO Marily Mora. “Our airports play a critical role in the economic viability of the region through dollars spent by travelers and an ever-growing business sector.”
The Reno-Tahoe Airport Authority is the owner and operator of Reno-Tahoe International and Reno-Stead Airports. The economic activity, generated by airport-related industries and visitors at both airports, supported 24,700 jobs in 2017, according to the airport authority. Of those, more than 4,000 are direct jobs located at Reno-Tahoe International and Reno-Stead Airports.
“We are so pleased to unveil what we’ve known all along, that Reno-Tahoe International and Reno-Stead Airports help lift the economy of the entire region,” Mora says. “The airports’ benefits even extend to entities such as the cities of Reno and Sparks, Washoe County and in particular the school district to the tune of $11 million per year.”
Eugenia Larmore of EKAY Economic Consultants and Brian Bonnenfant from the Center for Regional Studies at the University of Nevada analyzed data from Reno-Tahoe International and Reno-Stead Airports, as well as the local Nevada economy, to produce a months-long study to measure the airports’ contribution to the region.
For the first time in a decade, Reno-Tahoe International Airport reached 4 million passengers in 2017, and passenger numbers continue to climb in 2018. The Reno-Tahoe Airport Authority receives no state or local funding.