Airport Revitalization Revolving Loan Program
The Airport Revitalization Revolving Loan Program by Mississippi Development Authority funds airport infrastructure upgrades to support local economic growth and industry needs.
Funder: Mississippi Development Authority
Due Dates: Rolling (No fixed deadline; contact MDA for availability)
Funding Amounts: Loan amounts and terms not specified; contact MDA Financial Resources Division for current details.
Summary: Provides revolving loan assistance to Mississippi county and municipal airport authorities for infrastructure improvements or to support new/expanding industries that rely on airport access.
Key Information: Only county or municipal airport authorities in Mississippi are eligible; funding is in the form of repayable loans, not grants.
Description
The Airport Revitalization Revolving Loan Program is administered by the Mississippi Development Authority (MDA) to support the improvement, expansion, and revitalization of airport facilities across Mississippi. The program is designed to help county and municipal airport authorities finance infrastructure projects that enhance airport operations or support new and expanding industries that depend on airport access. As a revolving loan fund, it offers repayable loans rather than grants, ensuring ongoing access to financial resources for eligible airport authorities.
