Funding was restricted to capital expenditures, airport operating expenses and debt payments.Īccording to a news release from Rapid City Regional Airport, all funds they receive through the state incentive will be managed and distributed by Elevate Rapid City through a joint effort to lure the air carriers to bring new service to Rapid City. However, using the federal dollars for incentives is prohibited. Rapid City Regional Airport already received $9.2 million in emergency CARES Act funding in April 2020 from the Federal Aviation Administration. Smaller airports in Aberdeen, Pierre and Watertown that serve as essential air service locations will receive a share of $600,000 in incentive funding. The bill allocates $3.8 million split between Rapid City Regional Airport and Sioux Falls Regional Airport for marketing, route restoration, business development and air service marketing grants to help restore air service to airports in the state following the onset of the COVID-19 pandemic. Kristi Noem signed Senate Bill 162 into law this week.
Rapid City Regional Airport will receive $1.9 million in state funds to help develop new routes with potential new carriers after Gov.
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