TOLEDO, Ohio — A new study suggests the Eugene F. Kranz Toledo Express Airport and Toledo Executive Airport play a role in over $500 million in annual economic activity.
Bowling Green State University recently conducted an economic impact analysis for the airports. The study found in 2021, Toledo Express supported over 2,900 jobs and $581 million in economic output in the region.
Toledo Executive supported an additional 44 jobs and $6.6 million in economic output.
“The results of the economic impact study show the true impact of our local airports,” said Thomas J. Winston, president and CEO of the Toledo-Lucas County Port Authority. “The diversity of our operations is key to the success we have seen thus far, and we will continue to build on these successes in not just one aspect of the airports, but all. Our economic impact is far greater than if the airports only relied on one type of aviation operation.”
Toledo Express supports manufacturing, military, air cargo, aviation training and education, commercial service aviation and general aviation operations. Employers include the 180th Ohio Air National Guard Fighter Wing, Tronair Inc., Amazon Air and commercial and general aviation activities.
Non-commercial air service accounts for about 91% of the total economic impact.
“Eugene F. Kranz Toledo Express Airport and Toledo Executive Airport are vital public assets that support significant employment and economic activity across northwest Ohio,” said Russell W. Mills, Ph.D., Senior Director of the BGSU CRD. “In addition to the direct impact operations at both facilities have on the region, business to business purchases of goods and services as well as the spending of wages by employees at businesses across the region enhance the economic contribution of both facilities across northwest Ohio.”
Click here to view the entire impact study.
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