- November 14, 2024
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The Daytona Beach International Airport generates about $3.2 billion in economic impact for the region each year, according to the Florida Department of Transportation's 2022 economic impact study.
To reach that figure, FDOT looked at both direct and indirect economic impacts in four primary categories: on-airport activity, visitor spending, industry reliance and military spending, according to a news release.
The study used a multiplier to measure dollars generated from flights in and out of DAB and dollars spent in the community by airport passengers.
The study also considered payroll tied to employment centers based on the airfield, plus the impacts of Embry-Riddle Aeronautical University and Daytona International Speedway.
“Beyond its vital air service contributions, Daytona Beach International Airport has proven to be a catalyst for economic growth in our community,” Cyrus Callum, director of Aviation and Economic Resources for Volusia County Government, said in the news release. “... The airport’s far-reaching economic impact extends well beyond the skies, positioning our region as a thriving hub for commerce and innovation.”
In 2019, FDOT reported that DAB’s economic impact was $2.1 billion. In 2014, it reported that DAB’s economic impact was $1.1 billion.
