Akron-Canton Airport's gate expansion and modernization project has received a boost from the Federal Aviation Administration.

The airport announced Friday that it has received a $4.7 million supplemental funding grant. It is one of only 37 airports in the country and the only airport in Ohio to receive a portion of the $205 million distributed in this round of funding.

“We are thankful for the FAA’s belief in the significance of our airport to the region and their understanding of our infrastructure needs,” said Rick McQueen, the airport's outgoing president and chief executive officer. “This grant will help us fund the expansion of our aircraft apron, one of the most important projects of the gate modernization program. The expanded apron will accommodate larger aircraft and utilize gate positions in the most efficient way.”

McQueen, who is retiring at the end of the year, will hand off oversight of the project to Renato Camacho, who will officially become the new president and CEO on Monday.

The FAA has a total $1 billion to dole out to airports over a three-year cycle; it will award the remainder during fiscal years 2019 and 2020 — with priority consideration given to smaller and more rural airports.

According to the FAA’s most recent economic analysis, U.S. civil aviation accounts for $1.6 trillion in total economic activity and supports nearly 11 million jobs. Akron-Canton Airport specifically contributes $500 million to the local economy and over 3,000 jobs.