One Way to think about economic development is to see it as a tool for a community
BY KIM MORISAKI // MAY 28, 2019
More air service to more locations has been a constant drum beat for many in this valley for over a decade. In 2012 the Whitefish Chamber of Commerce as part of their Whitefish 2020 project, led by Kevin Gartland, Paul Johannsen and many others decided to take a proactive approach to meet this challenge and created Glacier AERO. After researching how Jackson, Wyoming, had increased their air service with a financial tool called a Minimum Revenue Guarantee (MRG) and working with a consultant they began to fundraise to create a fund to be used for MRGs in the Flathead. The idea with MRGs is that funds from a nonprofit group invested by local businesses guarantee an airline a minimum revenue on a new flight for a fixed number of weeks, insuring the airline against loss until the route is established and profitable, thus encouraging the airline to try new markets with minimum risk.
Read More of this Flathead Beacon column at: https://flatheadbeacon.com/2019/05/28/non-stop-glacier-aero/