AIDEA Creates Billion Dollar Loan Guaranty Program

AIDEA Creates Billion Dollar Loan Guaranty Program

Sustaining Alaska’s Future Economy Guaranty Program (AK SAFE) was recently approved by the Alaska Industrial Development and Export Authority (AIDEA), to confront the economic impacts resulting from the COVID-19 pandemic. AIDEA will make up to $50 million available for loan guarantees under AK SAFE, and subject to authorization for a statutory change, AIDEA will increase the program cap to $1 billion.

Update: Trump Signs $2 Trillion CARES Act

Update: Trump Signs $2 Trillion CARES Act

UPDATE: Following it’s passage by the US House of Representatives, President Trump has signed the Coronavirus Aid, Relief, and Economic Security (CARES) Act, a bill to provide major relief to families, small businesses and their employees, as well as to stabilize our economy and protect jobs. The bill also provides a surge of support for bolstering the healthcare response during this COVID-19 pandemic.