Economic Development and Infrastructure Fund; revise provisions related to increasing commercial air service.

SB 2880 revises Mississippi's Economic Development and Infrastructure Fund to prioritize grants for increasing commercial air service at existing airports. The bill requires at least $2.5 million annually to be allocated for grants to airlines through incentives like revenue guarantees or seat cost mitigation, aiming to expand direct or nonstop flights. These grants target economic development, tourism, and business growth by improving regional connectivity. The Mississippi Development Authority must evaluate applications based on economic impact, regional connectivity, and return on investment.