MIA receives $207 million CARES Act grant for COVID-19 relief
On April 14, Miami International Airport was awarded $207 million in funding from the federal government’s Coronavirus Aid, Relief, and Economic Security (CARES) Act Airport Grant Program – making MIA the largest grant recipient among all airports in Florida. MIA officials will use the grant to support the airport’s ongoing facilitation of essential travel and trade, and to prepare the global gateway to resume full operations as one of America’s leading passenger and cargo hubs.
We are extremely pleased with the $207 million in relief funding for MIA. I appreciate the federal government for recognizing MIA’s critical role as the busiest international gateway in Florida and third busiest in the nation. This aid will certainly help our County’s largest economic engine, which supports one out of every five jobs locally, make a speedier return to normal operations after the effects of the COVID-19 pandemic subside.
According to the Federal Aviation Administration, the CARES Act funding will support continuing operations and replace lost revenue resulting from the sharp decline in passenger traffic and other airport business due to the COVID-19 public health emergency. The funds are available for airport capital expenditures, airport operating expenses including payroll and utilities, and airport debt payments.
The CARES Act funding, coupled with the financial relief plan approved by the Board of County Commissioners this month for our airport business partners, provides much-needed support for MIA to continue serving as the leading economic engine for our community. As we maintain our passenger and cargo operations and prepare for travel demand to return, these monies will aid us in developing new protocols and facility renovations designed to enhance the travel experience and improve employee safety.
For more information about MIA’s response to COVID-19, visit MIA’s website.
For information about how Miami-Dade County’s response to COVID-19, visit Miami-Dade County’s website.
Miami International Airport offers more flights to Latin America and the Caribbean than any other U.S. airport, is America’s third-busiest airport for international passengers, boasts a lineup of more than 100 air carriers and is the top U.S. airport for international freight. MIA, along with its general aviation airports, is also the leading economic engine for Miami-Dade County and the state of Florida, generating business revenue of $31.9 billion annually and welcoming nearly 60 percent of all international visitors to Florida. MIA’s vision is to grow from a recognized hemispheric hub to a global airport of choice that offers customers a world-class experience and an expanded route network with direct passenger and cargo access to all world regions. MIA is committed to sustainable practices. Learn more at www.MIAefficiency.com.