Sen. Young announces more than $96M in Indiana airport funding from the CARES Act; $14.5M locally
U.S. Senator Todd Young on Wednesday announced Indiana will receive $96.52 million to assist 65 airports through the Coronavirus Aid, Relief and Economic Security (CARES) Act, which was recently passed by Congress and signed by President Trump.
Fort Wayne International Airport will receive about $14.5 million, while Smith Field will get $30,000.
“The coronavirus outbreak has brought the travel industry to a near standstill. Federal assistance will keep our airports and aviation industry running, not just for travel, but for the ability to ship food, supplies, and other essential resources,” Young, R-Ind., said in a statement. “I am proud to announce that the CARES Act has made $96,523,889 available to help Hoosier airports remain operational and maintain employees as we continue to navigate the coronavirus pandemic.”
Primary commercial service airports, with more than 10,000 annual passenger boardings, will receive additional funds based on the number of annual boardings. All commercial service airports will receive funds based on the number of passengers that board aircraft there, the amount of debt an airport has, and the amount of money the airport has in reserve. General aviation airports, such as Smith Field in Fort Wayne, will receive funds based on their airport categories, such as national, regional, local, basic and unclassified.
Other area airports receiving funds included AngolaTri-State Airport ($30,000); Auburn/De Kalb County ($69,000), Huntington Municipal ($30,000); and Kendallville Municipal ($30,000).