More jobs, economic growth linked to 24-7 operation of YWG
March 2, 2020
WINNIPEG, Manitoba – March 2, 2020 - Winnipeg Richardson International Airport continues to drive growth in the local economy by helping to create more than 1,100 new jobs over the last three years according to a new study prepared by InterVISTAS Consulting Inc.
The 24-7 operation of the airport supported 18,500 jobs last year compared to 17,310 in 2016. This helped generate an additional $1 billion in economic impact for the community. Winnipeg Richardson International Airport was responsible for a total of $4.32 billion in economic output last year – up from $3.37 billion in 2016. The airport also contributed $2.06 billion in total gross domestic product to the economy.
“Since 1997, Winnipeg Airports Authority has invested significantly at the airport in ways that assure the connectivity of our region with global markets,” said Barry Rempel, President and CEO of WAA. “This helps create stable jobs while growing Manitoba’s economy. We’re extremely proud to work with our partners to make our community stronger and more prosperous.”
The total tax revenue generated by the airport is also on the rise. All three levels of government shared an estimated $288 million in taxes last year, up $43 million from 2016, with the federal government receiving roughly 70 per cent.
Winnipeg Richardson International Airport welcomed 4.5 million passengers through its doors in 2019. It also kept goods flowing efficiently between the province and the rest of the world by handling more than 300 cargo flights per month.
The entire economic impact study is available to read at eisywg.ireport.royalhaskoningdhv.com/.