American rescue plan act awarded as economic assistance to eligible U.S. Airports and eligible concessions at those airports to prevent, prepare for, and respond to the covid-19 pandemic

This $292,000 Project Grant from the Department of Transportation Federal Aviation Administration Southern Region, under the Airport Improvement Program, COVID-19 Airports Programs, and Infrastructure Investment and Jobs Act Programs (CFDA 20.106), provides economic relief to airport concessions located at Daytona Beach, Florida. Specifically, the funding will relieve eligible small and large airport concessions at primary airports in Daytona Beach from rent and minimum annual guarantee obligations to help prevent, prepare for, and respond to the COVID-19 pandemic. The grant period runs from December 2021 through December 2025.

Activities and expected outcomes

This grant provides economic relief from rent and minimum annual guarantees to small airport concessions located at primary airports. This grant provides economic relief from rent and minimum annual guarantees to large airport concessions located at primary airports. Intended beneficiary: this grant will provide federal funding for airports associated with daytona beach, florida.