IPT Receives nearly $18 million CARES Act Grant

On Tuesday, Williamsport Regional Airport (IPT) received a CARES Act grant totaling $17,952,146.

Other airports in Pennsylvania received the following grants:

Allentown Lehigh Valley International ABE $6,191,170

Avoca Wilkes-Barre/Scranton International AVP $20,044,362

Bloomsburg Municipal N13 $30,000

Bradford Regional BFD $69,000

Erie International/Tom Ridge Field ERI $18,499,203

Harrisburg Harrisburg International MDT $9,841,050

Johnstown John Murtha Johnstown-Cambria County JST $5,124,995

Latrobe Arnold Palmer Regional LBE $2,415,724 PA

Philadelphia Philadelphia International PHL $116,281,943

Pittsburgh Pittsburgh International PIT $36,066,209

Selinsgrove Penn Valley SEG $69,000

Shamokin Northumberland County N79 $30,000

State College University Park UNV $2,337,489

The full list of grants is available here.

According to the Federal Aviation Administration website outlining the CARES Act:

The Coronavirus Aid, Relief, and Economic Security (CARES) Act (H.R. 748, Public Law 116-136) (PDF), signed into law by the President on March 27, 2020, includes $10 billion in funds to be awarded as economic relief to eligible U.S. airports affected by the prevention of, preparation for, and response to the COVID-19 pandemic.

The CARES Act provides funds to increase the federal share to 100 percent for Airport Improvement Program (AIP) and supplemental discretionary grants already planned for fiscal year 2020. Under normal circumstances, AIP grant recipients contribute a matching percentage of the project costs. Providing this additional funding and eliminating the local share will allow critical safety and capacity projects to continue as planned regardless of airport sponsors’ current financial circumstances.

Additionally, the CARES Act provides new funds distributed by various formulas for all airports that are part of the national airport system. This includes all commercial service airports, all reliever airports and some public-owned general aviation airports.

Under this new CARES Airport Program:

Primary commercial service airports, with more than 10,000 annual passenger boardings, will receive additional funds based on the number of annual boardings, in a similar way to how they currently receive AIP entitlement funds.
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 will receive funds based on their airport categories, such as National, Regional, Local, Basic and Unclassified.