April 8, 2016
Women and minority entrepreneurs now have the opportunity to apply for gap financing from Denver International (DEN).
The $1 million revolving loan fund, called the Airport Concession Loan Program, provides financial help for first-time concessionaires. The airport’s revenue management division administers the program and will provide up to $250,000 per loan for gap financing during initial construction of retail or dining spaces.
“Denver International Airport generated a record $336 million in gross concessions revenue in 2015, making DEN a very attractive place to do business,” says Bhavesh Patel, chief revenue officer for DEN. “But getting your start in the highly competitive airport business environment requires a tremendous amount of time, energy and capital investment. This revolving loan program provides a mechanism for new airport concessionaires to tap into gap financing during build-out and helps support our newest partners as their business venture takes off.”
Business owners must be certified within the Airport Concession Disadvantaged Business Enterprise program, must be new to airport concessions and show a need for gap financing to be eligible, among other requirements.
Fairbanks International Airport Baggage Transport Conveyor Enhanced With Mod Drive™ System
Airports face a host of unique industry challenges, such as meeting efficiency regulations and seeking out the best maintenance practices to reduce costs and keep operations flowing. In today’s current economic climate, any potential cost savings can go a long way.
In 2019, Alaska’s Fairbanks International Airport (FAI) sought to modernize its equipment and operations. They were dissatisfied with the performance of the gearmotors on their baggage transport conveyors and began searching for new suppliers. Regal approached FAI with a solution that could improve equipment performance and simplify maintenance, with the added benefit of energy cost savings: the Hub City® MOD Drive™ system.
This white paper discusses the hardware deployed, the test results and the annualized expectations for ROI.