Long Beach, CA ~ A recent study conducted by Unison Consulting has shed light on the significant economic impact of Long Beach Airport (LGB) and its surrounding businesses. The study, released today, reveals that the LGB Aviation Complex is responsible for generating a total economic output of $9 billion and supporting nearly 42,000 jobs in the region.

Mayor Rex Richardson emphasized the crucial role of LGB in the city's economic vitality, stating, "Long Beach Airport and the many surrounding businesses create thousands of jobs and bring in billions of dollars that have a significant impact on our city's economy." He also noted that this report highlights how LGB has been a critical cornerstone of the economy for a century.

The study measured the total economic impact of both LGB and the broader Complex, which includes all business entities within a defined area north of Interstate 405 and south of Carson Street. This area is bordered by Clark Avenue and Cherry Avenue, with most properties owned by the City of Long Beach.

According to data collected in 2023, LGB directly contributed to the regional economy by supporting 10,753 jobs, including 8,042 in Long Beach alone. It also generated $589 million in labor income. When considering businesses clustered around LGB, the Airport Complex supports a total of 41,721 jobs, $2.7 billion in labor income, and $9 billion in economic output across Los Angeles, Orange, Riverside, San Bernardino and Ventura counties.

More on TelAve News

• Teaming Agreement with Emtel Energy USA to Advance Thin-Film PV Energy Storage Capabilities; NASA agreements for Solar Space Tech; Ascent Solar $ASTI
• Nebuvex Acknowledges Platform "Too Secure" for Anonymous Traders; Institutional Investors Disagree
• From Tokyo to Berlin: FreeTo.Chat Unites Cultures with the World's First Confession VRX — EmojiStream™
• AZETHIO Launches Multi-Million Dollar User Protection Initiative Following Unprecedented Platform Growth
• Matecrypt Observes South American Cryptocurrency Adoption Surge Amid Economic Shifts

Fourth District Councilman Daryl Supernaw praised LGB for its contribution to job creation and tourism. He stated that this report reflects their commitment to innovation and supporting the local economy. Fifth District Councilwoman Megan Kerr also highlighted LGB as a champion of local economic growth and credited its continued development for attracting more businesses and creating more opportunities for success.

It is worth noting that no local taxpayer dollars are used to fund Long Beach Airport. Instead, its economic activities contribute significantly to tax revenues, which fund local government services and public infrastructure.

The study also highlights the positive impact of visitor spending, which accounts for 54% of LGB's total output. Visitors to Southern California who arrive through LGB spend an average of $640 per person, generating more than 6,400 jobs and contributing $887 million in economic output through spending on accommodations, dining, and local attractions.

Airport Director Cynthia Guidry expressed her delight at the report's findings, stating that the LGB Aviation Complex is a dynamic commercial hub and a catalyst for innovation and opportunity in Long Beach and surrounding communities. She also noted that LGB is known not only for convenient air travel but also for its significant role in supporting the community's economy.

More on TelAve News

• Assent Uncovers Over 695 Unique PFAS Across Global Supply Chains as Regulations Increase
• Cryptocurrency Quarterly Trading Volume Surpasses $15 Trillion Record High as BrazilNex Acknowledges Industry 'Growing Pains' Amid Market Speculation
• AHRFD Initiates Legal Proceedings Against Anwalt.de for Publishing Defamatory and False Content
• New Analysis Reveals the Complex Forces Driving the 'Great Human Reshuffle'
• Elevate Unveils GroundComm X30 at 2025 International GSE Expo in Las Vegas

The Long Beach Airport Aviation Complex houses 814 businesses and employs over 14,000 people. The ongoing development of Douglas Park and the Long Beach Exchange has attracted new businesses to the area, solidifying it as a key commercial and industrial hub, particularly for aviation and aerospace industries.

In addition to its economic impact, LGB has also seen significant growth in passenger traffic. The Airport's recent capital improvement projects have added thousands of jobs and billions in output. It is expected to have its busiest fiscal year on record with a projected 4.1 million passengers from October 1, 2023, through September 30, 2024.

To learn more about the study conducted by Unison Consulting or to read the full report, visit www.lgb.org/economicimpact. With its century-long history of service and continued growth and development, Long Beach Airport remains a vital contributor to the region's economy.

---

Show All News | Report Violation