'@)
b>
B
eeeaSPACEPORT
BoardofCountyCommissionersContact:JohnSimpson
OfficeoftheCountyAdministrator404.604.2612(office)
P.O.Box99/200East4""Street703.201.5683(cell)
Woodbine,Georgia31569isimpson@hopebeckham.com
FORIMMEDIATERELEASE
GeorgiaSouthernUniversityStudyConfirms
SpaceportCamdenEconomicBoonfor
an
CoastalGeorgia
WOODBINE,GEORGIAAugust22,2017TheCamdenCountyBoardof
—-—
CommissionersandtheBureauofBusinessResearchandEconomicDevelopment
(BBRED)atGeorgiaSouthernUniversityreleasedaneconomicassessmentofSpaceport
Camdentodayshowingmorethan$22millioninannualeconomicactivitytobegenerated
bySpaceportCamden.ThesummaryisavailableontheSpaceportCamdenwebsiteat
www.spaceportcamden.us.
Theannualeconomicactivityisinadditiontothemorethan$9millionineconomicactivity
thatwillbegeneratedfromconstructionactivitiesatthespaceportinthefirst15months
ofoperations.Mostimportantly,theseestimatesarebasedonCamdenCounty’s
employmentfiguresintheEnvironmentalImpactStatementcurrentlyunderreviewand
donotincludetheeffectofemploymentanddirectinvestmentspacecompaniesmay
makeinCamden.
“Whenwestartedtheprocess,weknewwehadsomethingspecial,”saidCounty
AdministratorSteveHoward.“EventhemostconservativeestimatesofSpaceport
Camden’spotentialshowstensofmillionsofdollarsineconomicactivityandmorethan
100newjobs,”addedHoward.
WhilethereportonlystudiedtheeconomicactivitygeneratedbySpaceportCamden’s
filingswiththeFAA,significantlymorerevenueispossibleasmorespacecompaniesCall
CoastalGeorgiahome.Inaddition,BBRED’seconomicanalysisalsoforeshadowsa
massiveuptickintourism,oneofCamdenCounty’slargesteconomicsectors.According
tothestudy,Camden’stourismindustrysupported$90.32millionineconomicactivities
“Award-WinningGovernment”
STEVEL.HOWARDJOHNS.MEYERS
CountyAdministratorCountyAttorney
LANNIEBRANTCHUCKCLARKJIMMYSTARLINEGARYBLOUNTBENCASEY
Commissioner,District1Commissioner,District2Commissioner,District3Commissioner,District4Commissioner,District5