Airports - Catalysts for Economic Development
There are approximately 50,000 airports worldwide, with more than 14,000 in the USA. Airports are economic development vehicles. They generate jobs in and around the airport's field of operation and the community at large.
Airports no longer rely only upon aviation revenue to deliver bottom-line results and infrastructure investment opportunities. Factors such as entertainment facilities, retail development, fly-in airparks, restaurants, lodging, office park development, etc., contribute beyond the traditional airport market. These factors enhance passenger flow and their catchments area with innovative concepts and ideas. Non-aeronautic income further enhances the airport market.
Aviation connectivity has been documented to be an important stimulus of commercial growth in major urban regions. Less well recognized is the pivotal role air routes can play in catalysing economic growth in smaller, more remote regions.
Airports are an important factor in a region's economic infrastructure and provides a significant, net economic benefit. While the most visible role of small airport may be its support of recreational pilots and private aircraft owners, this function is only ancillary to its primary role as part of the region's economic and social infrastructure.
Airports provide important social and economic support to a community. For example, corporations may wish to relocate to a region if they had access to a local airport for corporate aircraft.
Furthermore, an airport provides ready access for important community services such as air ambulance, firefighting, search and rescue; and provides a site for contributing to the available skill sets in a community, thus making a city or region more attractive to airport and technology related businesses and industry.
Airport Ownership
In most USA jurisdictions, an airport is licensed by a governmental organization such as the Federal Aviation Administration (FAA). Airports may be owned by governmental organizations which lease them to private enterprise for operation and management.
In the USA, commercial airports are generally operated directly by governmental entities or government created airport authorities. Such airports function for commercial, executive and charter flights. They generally have paved runways 2,000 m (6,600 ft) or longer and are fully licensed by the FAA, but may be maintained by the local airport under the regulatory authority of the FAA.
Smaller or less-developed airports, which represent the vast majority in the USA, often have a single runway shorter than 1,000 m (3,300 ft) with a dirt, grass or gravel runway, rather than one of asphalt or concrete. Most such airports are privately owned and operated.
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