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Offices Closed to Public

The Department of Commerce, Community, and Economic Development offices are closed to the public at this time. We are still open for business and encourage you to contact us via phone or email.

AK CARES Grant Program

In response to Governor Mike Dunleavy's Public Health Disaster Emergency Declaration on March 11, 2020, 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. Credit Union 1 is the program facilitator for AK CARES.

To expedite the application process, small businesses should review this checklist carefully, as it lists what is needed for a successful application submission. Incomplete application packages will not preserve an applicant’s priority in the processing queue. Failure to comply with the checklist will result in the application being returned for completion and the applicant having to restart the process with the submittal of a new application package.

The AK CARES Program will be operated on an equal access/non-preferential (i.e. first-come, first-served basis). The application period for the AK CARES Grant Program will open on June 1, 2020. The application will be available on Credit Union 1’s website on the program launch date. Once available, a link to the application and submission button will be provided here.

Who Can Apply

Small businesses based, licensed, and located in Alaska with an Employer Identification Number (EIN) – including C-corps, S-corps, Partnerships, LLCs, Nonprofits (501(c)3 and 501(c)19 organizations) and sole proprietorships – meeting the following criteria:

  • Business was licensed and established when the public health disaster emergency declaration was issued by Governor Dunleavy on March 11, 2020;
  • Business has, on average, 50 or fewer full-time equivalent employees; and
  • Business was excluded, did not qualify, or was otherwise unable to obtain funding from U.S. Small Business Administration (SBA) Paycheck Protection Program (PPP), the SBA Economic Injury Disaster Loans (EIDL), or other federal funding programs under the CARES Act.

Credit Union 1 members and non-members are welcome to apply.

Who Is NOT Eligible to Apply

  • Marijuana related businesses
  • Businesses that are a secondary income source or part time endeavor
  • Out of State businesses
  • Business that have secured funding from the SBA’s PPP, EIDL, or other federal funding programs under the CARES Act.
  • Business with more than 50 full-time equivalent employees (on average).
  • Businesses that has filed for bankruptcy
  • Businesses who do not otherwise meet the eligibility criteria.

Grant Amount

$5,000 to $100,000 based on eligible expenses.

Eligible Expenses

Amount of grant award based on the following COVID-19 emergency-related eligible expenses incurred by the applicant business between March 11, 2020 through the application date, and eight (8) weeks following the application date:

  • Payroll costs and expenses;
  • Payment of any short term (less than 24 months) or credit card debt incurred by the applicant to support the applicant's business during the emergency;
  • Rent or mortgage payments (unless otherwise waived by lessor/lender);
  • Utilities payments;
  • Purchase of personal protective equipment required by the business;
  • Business related equipment; and
  • Expenses incurred to replenish inventory or other necessary re-opening expenses.

Prior to the program launch date, businesses interested in applying for an AK CARES grant should review the provided checklist and begin gathering the necessary information to support the business' eligible expenses.

Businesses should also ensure all relevant licenses are active and in good standing:

Technical Assistance

Division of Economic Development – Investments

Toll Free in Alaska: (800) 478-5626
Outside Alaska: (907) 465-2510
Email: financing@alaska.gov

Alaska Regional Development Organizations (ARDORS)

ARDORS: https://www.commerce.alaska.gov/web/dcra/ARDORs.aspx

Small Business Development Centers (SBDCs)

Contact information for SBDC Offices around the state: https://aksbdc.org/contact/

AK CARES: FAQs and Application Checklist