CERTS Coronavirus Economic Relief for Transportation Services

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Funding Opportunity ID: 333321
Opportunity Number: TREAS-CERTS-2021
Opportunity Title: CERTS Coronavirus Economic Relief for Transportation Services
Opportunity Category: Discretionary
Opportunity Category Explanation:
Funding Instrument Type: Grant
Category of Funding Activity: Transportation
Category Explanation:
CFDA Number(s): 21.028
Eligible Applicants: Others (see text field entitled “Additional Information on Eligibility” for clarification)
Additional Information on Eligibility: The following types of private sector companies are eligible: Motorcoach transportation service providers School bus transportation service providers Passenger vessel transportation service providers Pilotage vessel transportation service providers
Agency Code: USDOT
Agency Name: US Department of the Treasury
Posted Date: May 06, 2021
Close Date: Opportunity will close 4 weeks after the application is released through an on-line portal.
Last Updated Date: May 06, 2021
Award Ceiling: $0
Award Floor: $0
Estimated Total Program Funding: $2,000,000,000
Expected Number of Awards: 5000
Description: Division N, Title IV, Section 421 of the Consolidated Appropriations Act, 2021 (the “Act”), Pub. L. No. 116-260 (December 27, 2020) authorized the $2 billion Coronavirus Economic Relief for Transportation Services (CERTS) program to provide grants to eligible motorcoach companies, school bus companies, passenger vessel companies, and pilotage companies that have experienced annual revenue losses of 25 percent or more as result of COVID-19 directly or indirectly. The priority use of grant funds must be for payroll costs, though grants may be used for operating expenses and the repayment of debt accrued to maintain payroll. The U.S. Department of the Treasury (Treasury) has posted program guidelines on the CERTS webpage on treasury.gov: https://home.treasury.gov/policy-issues/coronavirus/assistance-for-american-industry/coronavirus-economic-relief-for-transportation-services The guidelines address the overall CERTS grant process, eligibility standards, grant amounts and payments, eligible uses of grant funds, and how to prepare for the grant application. Treasury will open a web-based application portal accessible through the CERTS webpage on treasury.gov. Once the application portal is made available, it will be open for 4 weeks. Interested companies should check the web page to see when the application portal opens and closes.
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