CVG Receives Additional $6.7 Million, Including from McConnell's CARES Act

Statement

U.S. Senate Majority Leader Mitch McConnell (R-KY) announced today the Cincinnati/ Northern Kentucky International Airport (CVG) received nearly $6.67 million from the Federal Aviation Administration (FAA). The award includes almost $1.67 million from the Coronavirus Aid, Relief, and Economic Security (CARES) Act. Senator McConnell introduced the CARES Act, which became the largest economic rescue package in American history, and led it to enactment in about a week.

"Once again, CVG is recognized for its leadership among our country's airports. This federal investment for runway improvements can drive CVG's growth and help the region continue to excel. I'd like to congratulate Candace McGraw and the entire CVG team for their groundbreaking success in supporting workers throughout the community," said Senator McConnell. "The CARES Act, which was written in my office, continues delivering for Kentucky families. I will keep working to provide additional relief to beat this virus and continue our economic comeback."

This is CVG's second federal funding award this month. On September 1, Senator McConnell and CVG announced the airport received $45 million from the FAA for infrastructure improvements. Across Kentucky, nine airports received a total of $94.5 million for upgrades, including nearly $12 million from the CARES Act.

"I am extremely grateful for Leader McConnell's support and advocacy for this additional $6.7 million funding for CVG," said Candace McGraw, CEO of CVG Airport. "Without his leadership to pass the CARES Act, as well as his continued support of infrastructure investment at CVG and all of Kentucky's airports, we would not be able to prioritize these critical airport projects that support good-paying jobs and enable CVG to have a multi-billion economic impact on our region and Commonwealth each year."

In addition to these federal funds, the CARES Act has had a more than $12 billion impact in Kentucky so far. Senator McConnell's legislation has delivered $3.9 billion in relief to address urgent housing, transportation, healthcare, education and economic development priorities. Kentucky small businesses, farmers, and nonprofits accessed more than $5.2 billion in assistance through 50,000 PPP loans. Kentucky families have also received more than $3.8 billion in Economic Impact Payments from the U.S. Treasury.

Source