This program offers your business a reimbursable grant of up to $150,000 specifically for airport development or planning activities. By accessing this funding, you can cover important costs that enhance airport facilities, making your business more competitive. The state’s contribution of up to 5% of the total grant amount adds an extra layer of financial incentive, making it easier for you to invest in essential upgrades.

Applying for this grant is a strategic move that can significantly boost your business's capabilities and community impact. With this funding, you can implement improvements that not only upgrade your services but also benefit local operations and travelers alike. The application process is straightforward, and your business can start projects only after receiving a notice to proceed from the state. This ensures your goals align with state priorities, simplifying the process even further.

In summary, this program is tailored for businesses like yours looking to improve airport-related services. By securing this grant, you’re not just growing your business; you’re also contributing to the broader community. The potential to make meaningful upgrades with state financial support makes this an opportunity worth exploring.

Type of Financing
This program offers a reimbursable grant for airport development or planning activities. You can receive up to 5% of the total AIP grant, with a maximum of $150,000 per project.

Repayment and Terms
Since this is a reimbursable grant, there are no repayment terms or interest rates like a traditional loan. However, keep in mind that the project must not start until a notice to proceed is given by the state.

Eligible Expenses
Funds can be used for various airport development and planning activities that are part of the project listed in the state capital improvement plan.

What Funds Cannot Be Used For
The funds cannot be used for any expenses outside of those specified in your approved project.

Fees Associated with the Program
There are no specific fees associated with this program, making it a straightforward way to support your project's financial needs.

• Must have a project listed in the state capital improvement plan to be eligible.
• Project must not begin until a notice to proceed is given by the state.
• Available in the state.
• No minimum or maximum number of employees required.
• No minimum or maximum company revenue qualifications.
• All legal structures are applicable.
• All profit structures are applicable.

Disqualifications:

• No specific disqualifications mentioned.

Your business can access a reimbursable grant of up to $150,000 for airport development or planning activities. This funding is designed to help cover costs associated with projects that enhance or improve airport facilities. The state will contribute up to 5% of the total grant amount, making it easier for you to invest in essential upgrades.

To take advantage of this funding, your project must be included in the state capital improvement plan. It's important to note that all project work must start only after you receive a notice to proceed from the state. This ensures your project aligns with state priorities and funding guidelines.

Using this funding can significantly boost your business’s capabilities, allowing you to develop or improve airport-related services. With the financial support from this program, you can streamline your projects, making essential improvements that will benefit both your business and the community.