FAA COVID-19 UPDATES
ACG Systems would like to inform our airport partners about the Airport Grant Fund, a new COVID-19 grant opportunity under the CARES Act. The program allocates funding specifically for airport capital expenditures and airport operating expenses related to coronavirus prevention, preparedness, and response.
- $10 billion has been made available to airports across the country in response to the COVID-19 pandemic.
- An airport owner/sponsor may use these funds for any purpose for which airport revenues may be lawfully used. CARES grant recipients should follow the FAA’s Policy and Procedures Concerning the Use of Airport Revenues.
- Airports should consider investing some of this funding in airport safety technology as it will play a critical role in keeping travelers and staff safe and healthy when air travel returns to its predominance in society.