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 $941,414 Project Grant from the Department of Transportation Federal Aviation Administration Southern Region, awarded 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 Pensacola International Airport in Pensacola, Florida. Specifically, the grant funds will relieve small and large airport concessions of rent and minimum annual guarantee costs from January 2022 through January 2026. The sole sub-awardee is the City of Pensacola, which owns and operates the airport. The grant aims to help the airport and its concessions prepare for, respond to, and recover from the economic impacts of the COVID-19 pandemic, in line with the broader goals of the federal airport grant programs to support safety, infrastructure, and job growth.

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 pensacola, florida.