Spaceport Camden launch complex (Credit: Camden County)
WOODBINE, Ga., October 6, 2020 (Spaceport Camden PR) – Camden County and the Center for Business Analytics and Economic Research (CBAER) at Georgia Southern University has released a new study on the economic impact of space tourism on coastal Georgia. The report estimates that a single launch could attract approximately 4,000-5,000 visitors to the area. CBAER estimates that 38 to 45 jobs connected to tourism and hospitality would be supported long-term by the project as well.
While there would be some additional new jobs as a result, the primary impact on employment would likely be adding more hours to existing employees, shifting employees from part-time to full-time work, or increasing their income due to increased customer traffic and visitor counts.
“Building Spaceport Camden could bolster additional spending in the area’s hospitality industry throughout Camden County and the southeast Georgia region,” said Benjamin McKay, Assistant Director for the Center for Business Analytics and Economic Research (CBAER). “The potential per-launch benefit to total employee compensation (Labor Income) could reach $1.1 million, with sizeable increases in the total goods and services used in the region (Gross Regional Product) and total business sales (Output).”
CBAER estimates ...