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InterVISTAS conducted this economic impact study during the fall and winter of 2019. The study estimates the economic impact of YWG’s operations in 2019.
Estimating Current Economic Impacts
The direct employment base related to ongoing operations at YWG is first measured. Employment figures are generally more understandable by the public than more abstract measures, such as economic output or GDP.
Surveying Direct Employment
Employment attributable to ongoing YWG operations was measured by surveying over 200 firms and organizations that are either located at YWG or otherwise economically linked to the airport.
Employment was “inferred” for firms that did not respond to the survey by using a proven and accepted methodology.
Estimating Indirect and Induced Impacts with Economic Multipliers and Ratios
Measurement of indirect and induced economic activity is difficult. While it may be possible to conduct a survey of downstream employers, the survey would need to cover thousands of firms in order to completely cover indirect employment.