Clarksville Regional Generates Millions in Economic Impact Study
CLARKSVILLE, TN- In a study released in February 2021, the Tennessee Aviation System Plan was created by the Tennessee Department of Transportation [TDOT] Aeronautics Division to undergo an aviation economic impact study to determine “how Tennessee’s 78 system airports support the economy…”. The state of Tennessee generated $40 billion in total economic impact and contributes to 11% of Tennessee’s gross domestic product. The state is split into four regions and Clarksville Regional (Outlaw Field) served in the highest grossing impact region.
Region 3 had been comprised of airport operations in the west central area of the state. Region 3 employed over 400 people at the airports and hosted 140 businesses, which employed 11,000 people. Region 3 mounted responsibility for $4.739 million in on-airport economic impact, $5.773 million in visitor spending and $7.797 million in freight/cargo. This region is one of the fastest growing areas of the United States, “with the Nashville area experiencing over 60% growth in net migration and 43% growth in employment from 2010-2019”, according to the 2019 TDOT Aviation Economic Impact Study.
The Clarksville Regional Airport is a part of the expanding aviation services located in the state. TDOT Region 3 makes up $18 billion in economic impact. Outlaw Field helped to boost the local economy by generating $30.7 million from on-airport impacts and $2.6 million in visitor spending impacts to result in a $33.3 million total economic impact! Clarksville Regional has been associated with the creation of 182 jobs, $13 million in payroll and $20.7 million in value added. “I appreciate TDOT aeronautics division for going out into the state to conduct this economic impact study which shows how the airport is vital to the Clarksville community and surrounding area,” commented airport manager of Clarksville Regional, John Patterson.
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To view the Executive Summary of the 2019 Aviation Economic Impact Study, please visit the following link: https://www.tn.gov/content/dam/tn/tdot/aeronautics/TASP-Economic%20Impact%20Brochure.pdf