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Economic Recovery Resources for Business

Emergency & General Assistance Grants

Program Eligible Applicants

Emergency EIDL Advances

Awards up to $10,000 in 100% forgivable loan advances to provide paid sick leave to employees unable to work due to the direct effects of COVID-19, maintain payroll to retain employees during business disruptions or substantial slowdowns, meet increased costs to obtain materials unavailable from the applicant’s original source due to interrupted supply chains, make rent or mortgage payments, or repay obligations that cannot be met due to revenue losses.

  • No match or subsequent loan request from the Economic Injury Disaster Loan (EIDL) program required
  • Applications accepted until funds expire
  • Businesses with not more than 500 employees
  • Any individual who operates under a sole proprietorship, with or without employees, or as an independent contractor
  • Cooperatives with not more than 500 employees
  • Employee Stock Ownership Plans with not more than 500 employees
  • Tribal small business concerns
  • Agricultural enterprises with not more than 500 employees

Distance Learning and Telemedicine Grant

Awards $100,000 to $1 million grants to help rural communities use the unique capabilities of telecommunications to connect to each other and to the world, overcoming the effects of remoteness and low population density. For example, this program can link teachers and medical service providers in one area to students and patients in another.

  • 15% match in cash or kind
  • July 13, 2020 deadline
  • An incorporated organization
  • An Indian tribe or tribal organization, as defined in 25 U.S.C. 5304
  • A consortium, as defined in 7 CFR part 1734.3
  • Other legal entity, including a private corporation organized on a for-profit or not-for-profit basis

Enterprising Women of Color Grant Competition

Awards $500,000 grants to develop and/or fund Business Centers focused on promoting minority women entrepreneurs in the US and its territories to build their businesses, secure contracts and capital and increase employment opportunities. Business Centers are to be focused on capacity building and creation/retention resulting from facilitating contracts and financing for medium-sized minority businesses.

  • No match requirement
  • May 30, 2020 deadline
  • For-profit entities (including but not limited to sole-proprietorships, partnerships, limited liability companies, and corporations)
  • Non-profit organizations
  • Institutions of higher education
  • Commercial organizations
  • State and local government entities
  • Quasi-government entities in any US State or US Territory

2020 Graduate Student Mini-Grants

Awards up to $10,000 in grants to graduate students who pursue projects that would benefit Alaska’s specialty crop industries. Applicants may pursue projects related to pest identification and mitigation, regional food systems, crop efficiencies, variety trials, feasibility studies, etc. Projects must be completed by September 2020.

  • No match requirement
  • May 20, 2020 deadline
  • Graduate students who:
  • Are currently enrolled in an accredited college or university
  • Have a faculty sponsor/advisor or industry professional for their grant
  • Plan for their project and subsequent work to take place in Alaska

AK Cares Grant Program

Commerce, Community, and Economic Development (DCCED), working with the Alaska Industrial Development and Export Authority (AIDEA), established a grant program to provide economic relief to small Alaskan businesses impacted by the COVID-19 public health emergency.

Eligible Costs:

  • Payroll costs and expenses
  • Payment of eligible expenses incurred during the eligible timeframe and charged to a credit card or charge account (a copy of the credit card or charge account statement is required for verification, and eligible expenses should be highlighted on the document)
  • Rent or mortgage payments for business facilities (unless otherwise waived by lessor/lender)
  • Utilities payments
  • Purchase of personal protective equipment required by the business
  • Business related equipment
  • Expenses incurred to replenish inventory or other necessary re-opening expenses
  • C-Corps
  • S-Corps
  • Partnerships
  • LLC’s
  • NonProfits (501( c)3, 501 (c ) 6 amd 501(c ) 19 who are based, licensed, and located in Alaska (restrictions apply as to eligibility and participation in other programs like the SBA’s PPP program) and impacted by COVID-19
  • Commercial Fishermen who meet specific eligibility criteria. See AK CARES for full details, restrictions and eligibility.