New York: Airport Economic Development Initiative

Governor Cuomo Announces $250 Million is Available for New Upstate Airport Economic Development and Revitalization Initiative
New Initiative Builds on Success of the 2016 Upstate Airport Economic Development and Revitalization Competition and the Transformation of JFK and LaGuardia Airports

New York (STL.News) Governor Andrew M. Cuomo announced $250 million is available to transform and modernize airports in Upstate New York and foster regional economic development.  This includes $230 million through a new Upstate Airport Economic Development and Revitalization Competition for projects that promote and accelerate improvements at upstate commercial passenger service airports. Another $20 million will be allocated through the Governor’s Aviation Capital Grant Program to support safety, infrastructure, and economic development projects at smaller airports. Additionally, $16.5 million was previously allocated through the Aviation Capital Grant Program in this year’s Executive Budget.  The new initiative builds on the success of the Governor’s first upstate airport revitalization competition first announced in 2016, as well as the ongoing transformation of LaGuardia and John F. Kennedy airports into world class travel hubs.

“We went through a year of stagnation because of the pandemic, and as we work to build this state back better than it was before now is the time to think about how we can excel on both a national and international level,” Governor Cuomo said. 

This News New York: Airport Economic Development Initiative appeared first on STL.News.