Boulder City Council · Document
Attachment A - 2025 Economic Impact Study
Study Session, April 23, 2026 · item Study Session Items1: Airport Discussion Staff Time: 20 Min Council Time: 70 Min · 16 pages
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Boulder Municipal Airport (BDU) Economic Impact Presentation
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Contents 01. What is an Economic Impact Study? 02. Economic Impacts of Boulder Municipal Airport 03. Colorado Statewide Economic impacts 04. Additional Tools and Resources
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What is an Economic Impact Study?
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What is an Aviation Economic Impact Study? An aviation economic impact study quantifies the economic impact associated with the state’s aviation system and other aviation-reliant or closely supportive industries
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Economic Impact Measures
Jobs
Total number of people employed, both full-time and part-time.
Payroll
Total employment compensation, including wages, benefits, and taxes paid on behalf of employees.
Value Added
Total contribution to the Gross State (Regional) Product. It includes all payroll, profits, and business taxes paid
Business Revenues
Total expenditures for airport administration, capital projects and tenant sales of goods and services, as well as visitor spending in Colorado’s hospitality-related sectors. Also referred to as “output”, “sales”, or “economic activity/impact”.
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Economic Impact Categories Direct Impacts + Multiplier Effects
Supplier Sales and Income Re-spending
Off-Airport Visitor Spending Impacts
On-Airport Impacts
Supplier sales are portions of direct revenues used to purchase goods and services from Colorado businesses. Income re-spending reflects income earned by workers from direct and supplier sales transactions that are then spent in Colorado.
= Total Impacts Jobs
Payroll
Value Added
Business Revenues
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On-Airport Impacts
Airport Administration
Includes all direct airport employees, city or county employees that perform airportrelated work, and contract airport employees and the payroll associated with those employees. Data collected using Airport Manager Survey administered during site visits
Airport Tenants
Includes all businesses located on airport property including aviation- and nonaviation-related businesses (airlines, fixed based operators [FBOs], terminal concessions, cargo carriers, rental car operators, etc.), and the employment and payroll associated with these businesses. Data collected through in-person tenant meetings and digital Airport Business Tenant Surveys
Capital Improvements
Includes annual spending on construction by airport administration and tenants, including airport (local), state, federal, and other funds. Four years of data (2020-2023) were gathered from Airport Manager Survey and averaged to determine the ‘typical’ expenditure year
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Off-Airport Visitor Spending Impacts
Commercial Visitor Spending
Accounts for the money spent in Colorado by out-of-state visitors who arrive to the state via commercial service airports Data collected through in-person and electronic Commercial Passenger Survey using airport Wi-Fi portals
General Aviation (GA) Visitor Spending
Accounts for the money spent in Colorado by outof-state visitors who arrive to the state via general aviation airports. Data collected through in-person and electronic GA Passenger Survey using posters and QR codes
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Economic Impacts of Boulder Municipal Airport (BDU)
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Boulder Municipal Airport Total Impacts
Total Economic Impacts represent the direct and multiplier (Supplier Sales and Income Re-spending) of BDU. Impacts are communicated by the total jobs, payroll, value added, and business revenues.
281
$23.3M
$43.4M
$78.3M
Total Jobs
Value Added
Payroll
Business Revenues
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Boulder Municipal Airport (BDU) Total Impacts
Annual Off-Airport Visitor Spending Economic Impacts
Annual On-Airport Economic Impacts Direct
Supplier Sales
Income Re-spending
Direct
Income Re-spending
Supplier Sales
Jobs
87
60
76
Jobs
38
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Payroll
$11,052,000
$4,626,000
$4,717,000
Payroll
$1,644,000
$652,000
$651,000
Value Added
$22,313,000
$6,746,000
$8,840,000
Value Added
$3,234,000
$1,005,000
$1,219,000
Business Revenues
$41,568,000
$13,132,000
$14,789,000
Business Revenues
$4,817,000
$1,908,000
$2,040,000
Total Annual Economic Impacts Jobs
Payroll
Value Added
Business Revenue
On-Airport Activity
223
$20,394,000
$37,899,000
$69,488,000
Visitor Spending
58
$2,947,000
$5,459,000
$8,766,000
Total
281
$23,341,000
$43,358,000
$78,254,000
*Totals may not sum due to rounding 11
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Colorado Statewide Impacts
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Total Statewide Impacts
348,466 Total Jobs
$23.5B Payroll
$40.3B
Value Added
$68.9B
Business Revenues
Statewide impacts consist of the total on-airport and visitor spending impacts of the 66 airports in Colorado, as well as the economic impacts of off-airport cargo activity in the State 13
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Additional Tools and Resources
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2025 CEIS Project Website The project website is the place where you can find materials and deliverables documenting the impacts of Colorado’s 66 public-use airports, including: Individual Airport Brochures Individual Airport PowerPoints Animated Flight Maps Statewide Executive Summary Statewide Fact Sheet Statewide Technical Report
www.ColoradoAviationSystem.com
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Thank You! Visit our Project Website at www.coloradoaviationsystem.com
Contact Us! Scott Storie
[NAME]
CDOT Division of Aeronautics
[Title]
Project Manager
[phone number]
303.512.5251
[email address]
Scott.Storie@state.co.us
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