More than $180 million generated by airport

News Sep 25, 2009 Ancaster News

An economic impact statement released earlier this week shows the John C. Munro- Hamilton International Airport, in terms of gross domestic product, generated $181.2 million for the local economy last year.

The report, prepared for the city by a group of consultants, also showed the airport generated $12.9 million in federal taxes and $8.3 million in provincial taxes last year and paid the city $183,617 in rent.

While passenger travel fell about five percent between 2002 and 2008, cargo traffic jumped by 12 percent.

Cargo business accounted for nearly 65 percent of the taxes generated at the airport.

More than $180 million generated by airport

News Sep 25, 2009 Ancaster News

An economic impact statement released earlier this week shows the John C. Munro- Hamilton International Airport, in terms of gross domestic product, generated $181.2 million for the local economy last year.

The report, prepared for the city by a group of consultants, also showed the airport generated $12.9 million in federal taxes and $8.3 million in provincial taxes last year and paid the city $183,617 in rent.

While passenger travel fell about five percent between 2002 and 2008, cargo traffic jumped by 12 percent.

Cargo business accounted for nearly 65 percent of the taxes generated at the airport.

More than $180 million generated by airport

News Sep 25, 2009 Ancaster News

An economic impact statement released earlier this week shows the John C. Munro- Hamilton International Airport, in terms of gross domestic product, generated $181.2 million for the local economy last year.

The report, prepared for the city by a group of consultants, also showed the airport generated $12.9 million in federal taxes and $8.3 million in provincial taxes last year and paid the city $183,617 in rent.

While passenger travel fell about five percent between 2002 and 2008, cargo traffic jumped by 12 percent.

Cargo business accounted for nearly 65 percent of the taxes generated at the airport.