RELEASE – Economic Impact Numbers Soar at Reno-Tahoe International Airport
(Reno, NV) – The Reno-Tahoe Airport Authority announced today it generates $3.1 billion per year for the northern Nevada economy based on a study conducted by the University of Nevada and EKAY Economic Consultants.
The staggering $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,” said 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 both Reno-Tahoe International and Reno-Stead Airports. The economic activity, generated by airport-related industries and visitors at both airports, supports 24,700 jobs in 2017. Of these, over 4,127 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 said. “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 both Reno-Tahoe International and Reno-Stead Airports, as well as the local Nevada economy, to produce a months-long study that shows the airports’ vital contribution to a prosperous 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 operates like a business, and receives no state or local funding.
The Reno-Tahoe Airport Authority receives no state or local funding. All operating revenues are derived from tenant and concession fees. The Reno-Tahoe International Airport (RNO) is the 66th busiest commercial airport in the United States, with 4.1 million passengers per year. For more details, visit www.renoairport.com.