Alaska Business

Covers COVID-19

We’re in the midst of an uncertain social and economic environment. COVID-19 has sparked worldwide health concerns, and attempts to prevent the spread of the virus are creating challenges for small and large businesses alike.

Alaska Business believes in our mission to be a resource for Alaska businesses, and as a member of the media, we do receive ongoing updates about the virus and how Alaska’s businesses are responding to it. We have compiled below information for businesses looking to reopen, economic resources for businesses and individuals, links to mandates and advisories, and a few examples of Alaska businesses that are stepping up to help.

Whatever your job requires of you in the oncoming weeks, please always be conscientious and prioritize your safety and the safety of others.

Reopening Alaska

Resources for Businesses

AK CARES

The AK CARES Grant Program is now accepting applications under newly expanded eligibility guidelines: businesses that previously received any amount of federal funding are now eligible, as are businesses that are a secondary income for the owner.

ANC Small Biz Alerts

The Anchorage Economic Resiliency Task Force and the Anchorage Innovation Team have launched ANC Small Biz Alerts, a text messaging tool, to keep Anchorage business owners informed during the pandemic.

The service send texts to subscribers with information on everything from relief funds to safety criteria for businesses to operate.

Text STRONG to 907-891-7192 to subscribe.

The Employee Retention Credit from the IRS

The IRS launched the Employee Retention Credit, designed to encourage businesses to keep employees on their payroll.

AK SAFE Guarantee Program

AIDEA is collaborating with Alaska’s financial institutions to provide loan guarantees up to $1 million per borrower for Alaska businesses impacted by the COVID-19 economic crisis. Information on the program can be found here.

Alaska Mental Health Trust Authority Grants

Since the onset of the COVID-19 pandemic, the Alaska Mental Health Trust Authority  has awarded sixty-two COVID-19 response grants totaling more than $1.2 million to partner organizations across the state. Based on the response to the program, and assessed partner need, trustees approved up to $1.5 million for this program. The Trust is still accepting applications for its COVID-19 response grant funding. For grant guidelines and eligibility information, please visit the Trust COVID-19 response grant webpage.

 

Resources for Individuals

COVID-19 Hotline

The Alaska Bar Association has launched a free hotline to help Alaskans who are struggling with legal issues as a consequence of the statewide impact of COVID-19 related to employment, family law, and debt and foreclosure issues. Call 1-844-263-1849 with a non-criminal legal question on Monday (employment), Wednesday (family law), or Friday (debt/foreclosure) between 6 p.m. and 8 p.m. to speak with a volunteer lawyer.

Alaska Job Center Network

Job seekers and employers in The Last Frontier have access to a variety of employment services through Alaska’s Job Center Network.

AK Can Do

United Way and The Alaska Community Foundation, with support from the Rasmuson Foundation, have partnered to create AK Can Do, which allows Alaskans with the means to donate to COVID-19 relieve and Alaskans with a need to get assistance.

Restaurant Employee Relief Fund

The National Restaurant Association Educational Foundation has established the Restaurant Employee Relief Fund to help restaurant industry employees; follow the link to donate or apply.

Mandates & Advisories

 

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