City of McKinney, TX

10/31/2024 | Press release | Distributed by Public on 10/31/2024 12:29

McKinney National Airport’s annual economic impact reaches $299 million

The McKinney National Airport contributes over $299 million each year to McKinney and the surrounding region, as reported in a new economic impact study by InterVISTAS Consulting Inc. This marks a 41% increase since the last study in 2018, showcasing TKI's growing role in supporting local jobs, tourism, and economic development.

FY2023 Economic Impact of McKinney National Airport

Highlights of the Economic Impact Study:

  • Job Creation: TKI supports 1,560 jobs, generating $110 million in wages with direct jobs paying well above the statewide and national averages.
  • Economic Output: TKI contributes over $299 million to the local economy.
  • Tourism Impact: Visitors arriving through TKI generate over $21.7 million in local spending and support 410 jobs in the hospitality and services sectors.
  • Capital Investment: TKI invested $19.2 million in capital improvements, generating $38 million in economic output and supporting 200 jobs in the process.