Madison Airport Board Inc.

Madison Airport Board Inc., a tax-exempt nonprofit airport authority based in Richmond, Kentucky, receives federal grant funding from the Federal Aviation Administration (FAA) for airport infrastructure development and modernization at Richmond Airport. The vendor acts exclusively as a prime grant recipient — all seventeen awards in the source are prime grants with no subcontractor or sub-recipient activity — and operates under two distinct FAA funding lines within the Department of Transportation.

Madison Airport Board serves a single customer concentration: the FAA's Southern Region accounts for all recent grant awards. The vendor has worked with the Department of Transportation Federal Aviation Administration Southern Region (9 awards) and the Department of Transportation Federal Aviation Administration (8 awards), treating the regional and national FAA funding streams as the sole source of federal revenue. Combined dollars obligated across all awards total $12.3 million, spread across projects initiated since at least 2008.

Recent capability work centers on airport infrastructure modernization under the Airport Improvement Program (CFDA 20.106 and 20.116). The largest recent award, dated June 17, 2026, is a $3.684 million project grant from the FAA Southern Region to construct a new 6,730-square-foot terminal facility at Richmond Airport, with ultimate completion scheduled for June 16, 2030. Supporting that effort are two phased taxiway expansion grants: a $1.226 million award from August 11, 2025 (Phase 2, taxiway B4 and holding bay construction adjacent to existing Taxiway A1, due August 10, 2029) and a $432,414.74 award from August 4, 2025 (Phase 3, holding bay adjacent to existing Taxiway A5, due August 3, 2029). An earlier formula grant from September 12, 2024 funded the design phase of a 500-foot taxiway expansion. The vendor also received a $176,666.67 project grant on July 27, 2022 to update the airport master plan and a COVID-19 relief project grant on August 25, 2021 supporting operations, personnel, and facility cleaning during the pandemic.

Activity has been sparse and irregular — one to two awards per year across the last five years — with no recompete cliff signal in the near term. The vendor's footprint is entirely grant-driven, single-customer, and geographically anchored to Richmond, Kentucky airport infrastructure with no federal contracting exposure or parent vehicle participation.