MASSPORT CONTRIBUTION TO LOCAL ECONOMY JUMPED 9 PERCENT LAST YEAR, STUDY INDICATES

MASSPORT CONTRIBUTION TO LOCAL ECONOMY JUMPED 9 PERCENT LAST YEAR, STUDY INDICATES

Massachusetts Port Authority facilities employed 23,000 people and added $5.2 billion last year to the state and regional economy - the equivalent of $14.4 million every day, according to a report.

This represents a 9 percent increase in economic impact over 1990."Clearly, Logan Airport, the Port of Boston, the Tobin Bridge and Hanscom Field have a very beneficial direct impact on local employment and spending - an impact that goes beyond the fundamental role they fulfill as transportation services moving people and goods," said Alden S. Raine, executive director of Massport.

"And these numbers are conservative," he continued. "The full impact of Logan Airport alone can be felt by virtually every business for a hundred miles around and can't be measured."

At a time when the state's economic future is a topic of public debate, the following facts illustrate the role that Massport facilities play in sustaining the region's economic growth:

* The 23,000 jobs generated represented $979 million in payroll and benefits for residents of Massachusetts.

* Massport actively promotes tourism to Massachusetts and New England. Logan Airport, Hanscom Field and the Black Falcon Cruise Terminal brought in over 5 million tourists in 1991, generating $2 billion in visitor expenditures for food, hotels, local transportation, entertainment and other purchases.

* An estimated $1.02 billion was generated by Massport's three public cargo facilities. An additional $303.7 million was infused by waterfront properties that have been developed or are being revitalized by Massport.

* Logan Airport alone stimulates the regional economy by $3.86 billion a year.

* Activity at Massport's facilities contributed $206 million in tax and fee

revenues to state and local government agencies.

* Public agencies and private companies at Massport's facilities purchased $342 million in local goods and services, including supplies, telephone service and office equipment rentals.

"For New England to beat this recession, two economic strategies are paramount," Mr. Raine said. "We must build our way out, and we must trade our way out."