~ Colorado Springs Airport (COS) has been a major contributor to the economic growth of the Pikes Peak region, according to the 2025 Colorado Aviation Economic Impact Study (CEIS) released by the Colorado Department of Transportation's (CDOT) Division of Aeronautics. The study, which measures economic activity in 2023, shows a significant increase in total business revenue for COS since the previous study conducted in 2020.

Based on 2018 business revenue, the 2025 study confirms that COS generated $5.2 billion in total business revenue in 2023, a notable increase from $3.4 billion reported in the 2020 study. This represents a growth of approximately 53 percent over five years and highlights the airport's crucial role in supporting the local economy.

Acting Director of Colorado Springs Airport, Alex Kovacs, expressed his satisfaction with the results of the study, stating that it "shows an impressive growth of the economic impact generated by Colorado Springs Airport." He also emphasized that this growth underscores COS' importance in job creation and regional business expansion.

More on Colorado Desk

• New Research Identifies "The Busy Effect": 89% of Americans Want a Laid-Back Vacation — Only 15% Actually Achieve It
• Alchemy 43 Appoints Shane Smith as CEO to Drive Operational Performance and Scalable Growth
• Best Spiritual Healing, Meditation & Retreats in Sedona — Rise Meditation Helps You Find and Book Transformational Experiences
• Stream Expands AI Moderation Platform
• Condor Precision Aligns Digital Strategy with Precision Metal Fabrication Expertise Through New Website Launch

The key findings from the 2025 study compared to the 2020 study show significant increases across various metrics. Total jobs increased by 39 percent from 25,093 to 34,829, while total payroll grew by a staggering 78 percent from $1.5 billion to $2.7 billion. The airport's contribution to Colorado's gross state product also saw a significant increase of 54 percent from $2.4 billion to $3.7 billion.

On-airport activity was found to have generated $4.3 billion, representing a substantial increase from $2.9 billion reported in the previous study - a growth of 48 percent. Additionally, off-airport visitor spending contributed $876.9 million compared to $535.6 million previously - a remarkable increase of 64 percent.

Kovacs highlighted the airport's role in supporting economic resilience and workforce development, stating that "this study showcases the airport's positive impact on Colorado's economy." He also emphasized COS' dedication to serving the community and ensuring connectivity for businesses, residents, and visitors.

The 2025 CEIS study highlights the continued importance of airports like COS in driving economic growth, supporting job creation, and strengthening regional business activity. The full study, including individual airport data and interactive maps, is available on the CDOT website.

---

Show All News | Disclaimer | Report Violation