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 $142,820 Project Grant from the Department of Transportation Federal Aviation Administration Central 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 the Lincoln, Nebraska airport. Specifically, the grant funds will relieve small and large airport concessions of rent and minimum annual guarantee costs through December 2025. The Lincoln Airport Authority is the recipient and will administer the sub-awards and relief funds to eligible concessions. The grant aims to prevent, prepare for, and respond to the COVID-19 pandemic by assisting airports and concessions facing economic hardship.

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 lincoln, nebraska.