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

The Indianapolis Airport Authority received a $4,034,337 project grant award from the Department of Transportation Federal Aviation Administration under the Airport Improvement Program, COVID-19 Airports Programs, and Infrastructure Investment and Jobs Act Programs (CFDA 20.106). This funding will provide economic relief in the form of rent reductions and waived minimum annual guarantees to airport concessions located at primary airports associated with Indianapolis, Indiana through December 15, 2025. The grant aims to prevent, prepare for, and respond to the COVID-19 pandemic by assisting eligible U.S. airports and airport concessions.

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 indianapolis, indiana.