The latest financial study prepared for the Massachusetts Department of Transportation shows that of the state’s 30 general aviation airports, Norwood Memorial has the greatest economic impact, when the sizeable military operations are removed from the numbers for Westfield-Barnes Regional Airport. According to the recent study, the annual contribution of Norwood totals more than $52 million.
Of that amount, $17 million is payroll for airport employees; the remaining $35 million comes from on-airport businesses, tenant construction projects, transient aircraft operations and money spent at local businesses by airport employees and visitors who arrive on general aviation aircraft. As a designated reliever for Boston Logan International Airport, Norwood receives a wide variety of business aircraft activity. It’s this activity that, in part, helps propel Norwood’s annual economic impact up to $20 million more than that of three of the state’s nine airlineairports.