CERTS Grant Program Guidance Finally Released

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  • 5/6/2021

The Department of Treasury released guidance on the CERTS grant program earlier today on their website: Coronavirus Economic Relief for Transportation Services (CERT...

The Department of Treasury released guidance on the CERTS grant program earlier today on their website:

Coronavirus Economic Relief for Transportation Services (CERTS) Program | U.S. Department of the Treasury

We’ll discuss the details over the next few blog posts, but here are some of our initial takeaways:

  • the grant will be formula based and non-competitive, where the applicant will not need to apply for a certain amount
  • Treasury will create a web-based application portal through their website
  • the application portal will be open for only four weeks, and no applications will be taken after that period
  • the applicant won’t know if they are approved or the amount of the grant until after the application period ends
  • an extensive list of information was provided to help the applicants prepare for the application

There was no timeframe given as to when the application portal will be available. So while it’s great Treasury finally issued guidance on the program, it could be into July before any grant money gets released.

This blog contains general information and does not constitute the rendering of legal, accounting, investment, tax, or other professional services. Consult with your advisors regarding the applicability of this content to your specific circumstances.

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