A new study by Oxford Economics indicates that Ontario International Airport is an economic engine for Southern California, generating $3.8 billion a year in activity, supporting nearly 28,000 jobs and serves as the hub of a global logistics network that produces $17.8 billion in economic output.
The analysis was revealed last week as executives celebrated ONT’s sixth anniversary under local ownership. The event showcased the airport’s expansion of flights and customer amenities over the past six years, and its emergence as one of the Top 10 cargo airports in North America.
The Oxford study looked at ONT’s role as a supply chain hub, and found the airport is at the center of a global network that accounts for $17.8 billion in economic output, 122,000 jobs and $2.3 billion in taxes. “Ontario International Airport plays an integral role in the economy of the Southern California region, specifically in and around the Inland Empire,” the report stated.
Mark comes to ConnectCRE with an extensive background as a business and news reporter in San Francisco radio, as well as 35 years as a traffic reporter on several stations including KGO, KNBR, KCBS and KFRC. As a business reporter, Mark covered the tech world in Silicon Valley where he became familiar with real estate transactions in the hot Bay Area marketplace. He attended San Jose State University with a BA in Radio and TV Broadcasting and currently resides in the Lake Tahoe area where he gets to frequently enjoy all of his favorite activities: Golfing, Fishing, Hiking and Skiing.
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