APR Grant Concession Relief Fund
Augusta Regional Airport (AGS) invites you to the Airport Rescue Grant Concession Relief Stakeholder Meeting.
On March 11, 2021, the President signed the American Rescue Plan Act of 2021 (Public Law 117-2) (ARPA). Section 7102 of ARPA provides approximately $8 billion in economic relief to airports to prevent, prepare for, and respond to the COVID-19 pandemic, including relief from rent and minimum annual guarantees (MAG) for eligible airport concessions at primary airports.
The funds are coming directly from the U.S. Treasury’s General Fund to prevent, prepare for, and respond to the impacts of the COVID-19 pandemic. FAA’s Office of Airports will administer these grant funds to airport sponsors.
AGS received $4.4 million including $283,134 for Concession Relief. AGS apportioned the money to its in-terminal concessions that met the eligibility criteria in accordance with Airport Coronavirus Response Grant Program (ACRGP) Frequently Asked Questions (FAQs) dated November 24, 2021 https://www.faa.gov/airports/crrsaa/media/ACRGP-FAQs-20211124.pdf. The purpose of the meeting is to inform the apportioned amount and the methodology/formula to the Airport Concession Disadvantaged Business Enterprise (ACDBE) concessions as well as to discuss questions and concerns that may arise.
We welcome your participation.
Date: Monday, March 7, 2022
Time: 10:00
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Meeting ID: 885 1743 9430
Passcode: 112233
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Meeting ID: 885 1743 9430
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Date: Tuesday, March 8, 2022
Time: 11:00
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Meeting ID: 833 9149 3107
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Meeting ID: 833 9149 3107