Artist rendering of the Central Terminal. Courtesy Port of Seattle/Mandville Design.
New report reveals airport contributed $22.5 billion to local economy; New construction to expand Central Terminal starts Feb. 8.
SEATTLE – For the seventh consecutive year, passenger travel at Seattle-Tacoma International Airport has set a record. Demand for air travel at Sea-Tac Airport increased 41 percent the last five years, rising from 33.2 million passengers in 2012 to 46.9 million passengers in 2017.
Increased demand for air services means more airport-related jobs and local economic activity. A new airport economic impact analysis by Community Attributes Inc., found that the airport supports $22.5 billion in total economic activity, 19,100 jobs at the airport and a total of 151,400 jobs directly or through multiplier effects. When all 350 airport employers are combined, the total number of on-site jobs makes Sea-Tac Airport the 5th largest employer in King County.
“It takes a highly skilled village to serve 46 million passengers while simultaneously building world class facilities,” said Courtney Gregoire, Port of Seattle Commission President. “Record-breaking demand is not enough. We also need to deliver record-breaking results for local businesses, local workers, and neighborhoods closest to the airport. Between airport construction and airport-related development in the area, we are partnering with communities to make even closer connections on job and business opportunities.”
The airport is currently underway with $2 billion in construction projects aimed at serving more passengers and improving the travel experience and expects to spend $3.2 billion on capital development between 2017 and 2022. In 2017, the airport broke ground on the new International Arrivals Facility and North Satellite Modernization, major projects designed to meet growing demand, enhance the passenger service and provide more dining and retail options to travelers. On February 8, the airport will begin a new high-profile $17 million renovation to add 10,000 square feet to the Central Terminal dining area. No taxpayer dollars are used to fund airport projects.
“Sea-Tac Airport has provided more than a gateway for our region, it has enabled our local business community to respond effectively and efficiently to the opportunities and challenges of globalization and technology,” said Andrea H. Reay, President and CEO of the Southside Seattle Chamber of Commerce. “Our Chamber values the commitment the airport has to not only move people and cargo but to be a driver for our local economy and a responsible steward in our community. The sky is the limit with what our local businesses can accomplish by fully utilizing the opportunities available within our region.”
“We couldn’t be happier about being at Sea-Tac,” said Danialle An, owner of CHALO Seattle. Her business sells unique Seattle-themed items, with a whimsical look at what makes the city special. “The opportunity to get our products in front of thousands of potential customers every day has helped our company grow – we’ve had to hire additional staff and boost inventory to meet the demand.”
In addition to increasing its economic development programs, the Port of Seattle has expanded its community development investments in neighborhoods most affected by a busier airport. Recently the Port of Seattle created a new Airport Communities Ecology Grants program, began offering airport advertising opportunities for neighboring cities, established a local cities stakeholder roundtable, and became an active participant in a University of Washington study to examine the health impacts of ultra-fine particulates from airplanes. The Port of Seattle is also involved in efforts to create a similar study at the federal level.
Vicky is the co-founder of TravelDailyNews Media Network where she is the Editor-in Chief. She is also responsible for the daily operation and the financial policy. She holds a Bachelor's degree in Tourism Business Administration from the Technical University of Athens and a Master in Business Administration (MBA) from the University of Wales.
She has many years of both academic and industrial experience within the travel industry. She has written/edited numerous articles in various tourism magazines.
