Aviation View | Volume 2, Issue 3

5 AVIATION VIEW VOLUME 2, ISSUE 3 O p e n i n NARTP RECEIVES STRATEGIC ROADMAP TO LAUNCH AND DEVELOP ADVANCED AIR MOBILITY INDUSTRY IN NJ AAM would create nearly 26,000 jobs, $152 million in annual tax revenue for New Jersey over 15 years Advanced Air Mobility, an emerging new aviation technology that will revolutionize short-distance air transportation by using electrically powered, vertical-take-off-and-landing aircraft (eVTOL), offers the Atlantic County region a significant opportunity to build and strengthen New Jersey’s research and development capabilities according to a study by Deloitte Consulting, LLP. The study, A Strategic Roadmap for the Development of Advanced Air Mobility, was commissioned by the National Aerospace Research & Technology Park (NARTP) in Egg Harbor Township, NJ. According to Deloitte, the growing AAM sector is projected to create more than 25,000 jobs and $152 million in annual state tax revenue for New Jersey over the next 15 years. AAM offers the potential for safe, sustainable, affordable, and accessible mobility for both passengers and cargo. It integrates air travel as part of day-to-day transportation, whether through delivery of goods or transportation of passengers in air taxis within cities and throughout regions. AAM aircraft are designed to be quieter than current aircraft and run on electric or hybrid-electric power, offering a “green” alternative to traditional transportation methods, and reducing the impact of noise pollution and emissions on the environment. “AAM gives us a once-in-a-generation economic development opportunity with statewide benefits that starts here in Atlantic County,” said NARTP President/CEO, Howard J. Kyle. “It will create technology-based jobs and will help to attract aviation-related companies. With the Strategic Roadmap that Deloitte prepared, we have outlined a clear path toward making a major contribution in the advancement of this new industry. Other states are beginning to recognize the economic potential of AAM, so it is important that we capitalize on our unique assets and move quickly.” The Deloitte study finds that New Jersey’s proximity to New York and Philadelphia, makes it “an economically viable location for the early adoption of AAM.” The report also notes the “unique combination of aviation assets and accelerators” located within the New Jersey Aviation Innovation Hub in Atlantic County as additional factors that position the Garden State to become a leader in the U.S. AAM market. The NJ Aviation Innovation Hub is home to the FAA William J. Hughes Technical Center, a designated Smart Airport Test Bed Facility at Atlantic City International Airport, and the 58-acre NARTP. “We’ve known for some time that the aviation sector in Atlantic County is ripe for investment, growth, and innovation, and represents a key factor in the diversification of the southern New Jersey economy,” said NARTP Chairman Mark Loeben. “This strategy guide now gives the NARTP more leverage,