AK CARES Grant Program launched June 1st.
Small Alaskan businesses as well as nonprofit organizations impacted by the COVID-19 pandemic can get relief through the State of Alaska AK CARES Grant Program.
The grant program is for small Alaskan entities with 50 or fewer full-time employees that did not qualify or were otherwise unable to obtain funding through the U.S. Small Business Administration Paycheck Protection Program (PPP), the SBA Economic Injury Disaster Loans (EIDL), or other federal funding programs under the federal CARES Act.
Grant amounts of $5,000 to $100,000 will be based on eligible expenses, which include payroll, short-term debt related to the emergency, rent/mortgage, utilities, the purchase of personal protective equipment, and reopening expenses. Businesses interested in applying should review the provided checklist and start gathering the necessary information to support the business’ eligible expenses.
The CARES Act
This bill has four main parts:
- Provide immediate relief to individuals
- Provide rapid relief to small businesses
- Stabilize key industries
- Boost healthcare response
CARES ACT RESOURCES:
- AK CARES Grant Program
- JEDC Launches Business Sustainability Grant Program
- To read The CARES Act
- IRS Economic Impact Payments. What you need to know
- COVID 19 SBA Loans
- Information Sheet on SBA Loans
- Reopening Business Digital Resources Center
- Paycheck Protection Program (PPP)
- PPP Information Sheet
- Paycheck Protection Guide to Forgiveness
- Unemployment Insurance
- Uninsured or Underinsured