New York announces $250m funding to modernise airports 21 May 2021 (Last Updated May 21st, 2021 15:25) The New York Government is to provide funding for modernising airports under the New Upstate Airport Economic Development and Revitalisation initiative. Share Article 24 airports in the New York state can apply for economic development grants. Credit: Miguel Ángel Sanz / Unsplash. The New York Governor has announced a $250m grant to overhaul airports in the state in a bid to support regional economic development. Of the total grant amount, $230m will be offered via the new Upstate Airport Economic Development and Revitalization Competition. This will be for projects supporting upgrades at commercial passenger service airports.