X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

MINNEAPOLIS-Northwest Airline’s hub and headquarters in the Twin Cities has a major economic impact on the local economy, according to a recent study done by a joint task force of business and community leaders from the Saint Paul Area and Greater Minneapolis Chambers ofCommerce, in alliance with the Bloomington Chamber ofCommerce.

The study concludes that Eagan, MN-based Northwest Airlines provides more than 21,000 Minnesota jobs representing $1.2 billion in wages. In addition, the airline spends more than $2 billion annually on flight-related goods and services.

“Airline hubs have a substantial positive impact on the economic health of a region,” says former Gov. Arne Carlson, a co-chair of the joint task group who is now chairman and CEO of American Express Funds. “Those factors,combined with the stimulation of jobs and industries surrounding a hub, mean that losing hub status would be catastrophic to our entire region.”

The Hub City Task Force report was prepared by Daniel M. Kasper, managing director of the Cambridge, MA office of LECG, Inc., a consulting firm that specializes in economics, finance and public policy.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 3 free articles* across the ALM subscription network every 30 days
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

GlobeSt. NET LEASE Awards 2020Event

These awards honor the industry's most influential and knowledgeable real estate executives from the net lease sector.

Get More Information
 

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2020 ALM Media Properties, LLC. All Rights Reserved.