iFlyBoise
Economic Development
The Economic Development Engine: BOI
Economic impact at an airport is measured through employment,
payroll, and output (spending). On-airport businesses and
government
activities account for a significant portion of the first round
economic benefits associated with each airport. There are currently
more than 40 aviation related tenants at BOI.
Indirect impact is linked to visitors of the airport's market area
who arrive via scheduled service and general aviation flights. The
most
recent research shows that nearly 60 percent of BOI's passengers
are traveling for pleasure and nearly 40 percent for business.
Spending by these visitors supports additional employment and
associated payroll.
The Idaho Transportation Department - Aviation conducts an
Economic Impact Study for Boise Airport and other aviation
facilities throughout the state approximately every 10 years. When
this survey was last taken in 1997, Boise Airport's total output
based on employment and payroll from first and second round impacts
exceeded $940 million. The recent survey, completed in 2009 and
published in 2011, reflected that impact has increased to more than
$1.3 billion. The ITD Aviation Economic Impact Summary for BOI can
be viewed here.
Based on the upcoming improvements planned for
the next ten years at Boise Airport, that figure is expected
to continue to increase. Businesses within the Boise
Airport master-plan area support more than 15,000 employees
and generate $510.7 million in payroll. Boise Airport works closely
with the Boise Valley Economic Partnership (BVEP), the Boise Metro
Chamber of Commerce, and the City's own Economic Development
Department to attract and support business growth throughout the
Boise Valley.
As an essential form of business transportation, BOI has helped shape the size and structure of the local business landscape. Warehousing, office parks, hotels and aviation-related operations have been attracted to the efficiency, convenience and proximity of the airport. Boise Airport also serves as the gateway for tourists and business travelers creating that important first impression for our region.
BOI is also a land of opportunity as the airport owns or controls more than 5,000 acres surrounding the airfield. A street relocation project has opened up more land for development, including much needed space for general aviation facilities, including hangar space which is at capacity. The Terminal and concourse area footprint allows for a mirror image of the existing terminal and B Concourse, effectively doubling passenger capacity to more than 6 million annually.
It is this pro-active approach that makes BOI a perfect partner for business activities around the airport and a catalyst for economic development throughout the region, from warehousing and logistics to corporate headquarters and high tech operations.
For information about developing or expanding your business at BOI, please contact Airport Administration at 208-383-3110 and ask for 'Economic Development', or send us an email at boi@cityofboise.org.