COVID-19 Economic Recovery Resource Portal for Business Alaska and the Nation are pulling together to face this health and economic challenge. On this page, you will find updates and links to resources to help weather these hard economic times and prepare for the recovery thereafter. Updates will be made as additional information and resources become available. Latest News AK CARES Grants to Small Businesses The Alaska Department of Commerce, Community, and Economic Development (DCCED) and the Alaska Industrial Development and Export Authority (AIDEA) have partnered with Credit Union 1 to provide relief to small Alaskan businesses impacted by the COVID-19 pandemic through the AK CARES Grant program. AK CARES will be operated on a first-come, first-served basis. The application will become available on June 1st; the same date Credit Union 1 will begin accepting applications. Prior to that date, businesses interested in applying are encouraged to review the checklist and FAQs provided on the AK CARES Grant website, as they list the information necessary for the application package. For more information, and to view the checklist and FAQs, please visit the AK CARES Grant website. Paycheck Protection Program “Safe Harbor” Provision The Small Business Administration and Department of the Treasury have recently determined that any borrower, together with their affiliates, receiving a Paycheck Protection Program loan whose principal amount is less than $2 million will be deemed as having met the PPP’s good faith certification requirement. Borrowers with loans whose principal is greater than $2 million may still meet the PPP’s good-faith certification requirement; however, such loans will be subject to review by the Small Business Administration. For more information this new “safe harbor” provision in the PPP, please see questions 46 and 47 of Small Business Administration’s May 13 PPP FAQ Release. SBA Making Economic Injury Disaster Loans Available SBA to Make Economic Injury Disaster Loans Available to U.S. Agricultural Businesses Impacted by COVID-19 Pandemic The Small Business Administration’s Economic Injury Disaster Loan (EIDL) portal has reopened with an additional $10 billion in funding which is now also available to Agricultural Business Concerns. Apply now if you are a small business in need of up to $10,000 in 100% forgivable loan advances available through the Emergency EIDL Advance program. Coronavirus Aid, Relief and Economic Security Act The Department of Commerce, Community, and Economic Development is working to understand the fast paced and ever-changing effects of COVID-19 on Alaska and our communities. We have endeavored to provide up to date information via our Commerce web site. On April 2, 2020 the Small Business Administration released the interim final rule for the Small Business Administration Business Loan Program Temporary Changes: Paycheck Protection Program (PPP). Please see for details Paycheck Protection Program SBA provides guidance on how small businesses can apply for the Paycheck Protection Program Alaska Approved Lenders AIDEA Creates Billion Dollar Loan Guaranty Program (Anchorage) – The Alaska Industrial Development and Export Authority (AIDEA) Board on Friday unanimously approved a resolution that creates in AIDEA the Sustaining Alaska’s Future Economy Guaranty Program (AK SAFE). This program will confront the economic crisis resulting from the COVID-19 pandemic, which threatens Alaska businesses and the people who work in these businesses. Read full press release here SBA Guide to CARES Act The Small Business Administration has prepared a Guide for Small Business Owners to the Coronavirus Aid, Relief, and Economic Security (CARES) Act. The guide provides information on SBA programs including the Paycheck Protection Program, the Small Business Debt Relief Program, Economic Injury Disaster Loans, and Emergency Economic Injury Grants. To read the final enabling language click here Alaska Critical Workforce Infrastructure The Alaska Critical Workforce Infrastructure page contains a listing of Alaska's critical workforce infrastructure as first published in Attachment A to Health Mandate 10.1 - International and Interstate Travel - Order for Self-Quarantine. If you would like to review this mandate, or any other health man-dates issued by the State of Alaska, they can be found on the Governor's website or the COVID-19 Response website for the Alaska Department of Health and Social Services. Governor's Health Mandate 10 All people arriving in Alaska from international locations or travel from other states, whether resident, worker or visitor, are required to selfquarantine for 14 days and monitor for illness. Arriving residents and workers in self-quarantine, should work from home, unless you support critical infrastructure. Please see for details SBA Implements Automatic Deferment on Existing SBA Disaster Loans through the End of 2020 Borrowers of home and business disaster loans do not have to contact SBA to request deferment. Deferments through December 31, 2020 will be automatic for existing Disaster Loans. For more information visit the SBA website. Resources for Business In addition to the working capital loans now available through the Department of Commerce, Community, & Economic Development, a myriad of State and Federal resources are available to support commerce as Alaskans continue to do what needs to be done to contain the spread of COVID-19 and begin the process of recovery. A directory of business-focused organizations able to assist in this recovery effort is available on the Business Response Directory. Below are links to listings of available State and Federal resources for businesses navigating their way through the COVID-19 landscape. Updates will be provided to these listings as access to new resources are made accessible. If you have any recommendations on resources not already listed, please contact the Alaska Development Team at AlaskaDevelopment@alaska.gov. Emergency & General Assistance Grants Emergency & Business Assistance Loans Tax Incentives Benefits Business & Travel Alerts / Documentation In accordance with Health Mandate 10, all travelers to Alaska, resident or otherwise, are required to undergo a 14-day self-quarantine to monitor for illness upon arrival into the state. Additionally, businesses identified as being part of critical infrastructure industries are required to submit protocols to the Department of Commerce, Community, & Economic Development as to how they intend to contain the potential spread of the COVID-19 virus as well as keep their employees and the communities in which they operate safe during this public health emergency. Below are a series of links to documents and templates to help individuals and businesses comply with these requirements. Governor’s Health Mandate 10 Alaska Critical Workforce Infrastructure - Attachment A to Health Mandate 10 Travel Quarantine Alert Mandatory Travel Declaration Template COVID-19 Pandemic Action Plan Template For information on the steps being taken by the State to combat the spread of COVID-19, please visit the COVID-19 Update page available through the Department of Health & Social Services. If you would like to see information on the status the COVID-19 pandemic in Alaska or beyond, please refer to the sites listed under the COVID-19 Updates tab. Please email AlaskaDevelopment@alaska.gov if you have a recommendation on links to relevant state and/or federal business recovery program information.