MOA Announces Application Period for 3rd Round of Small Business Relief Grand Program

The Municipality of Anchorage announced the third round of the Small Business Relief Grant program applications will open Friday, December 18, 2020 and close on January 11, 2021 at 5 p.m.

More than $7 million will be available for small businesses, which will go to previously waitlisted businesses and an expanded pool of new applicants. The relief funding supports business operations, including but not limited to, payroll, rent, utilities, and paying vendors. The program is administered by Cook Inlet Lending Center (CILC).

The first two rounds of the Small Business Relief Grant program distributed $6 million to support local businesses during these incredibly challenging times. The grant program is in addition to more than $14 million dedicated to businesses in the hospitality and tourism sectors, more than $15 million for child care providers, and more than $13 million for nonprofit and arts and cultural organizations.

The third round of funding for the program is designated as follows:

• $5 million to fund waitlisted businesses from previous small business grant applications. Waitlisted applicants do not have to reapply.
• $1.9 million for applicants that did not previously apply to the Small Business Relief Grant program, as well as any remaining waitlisted applicants. Awardees will be chosen via a random selection; previously waitlisted businesses will automatically advance to the random selection and do not have to reapply.
• $120,000 to fund franchises that previously applied for relief but did not receive a grant solely because of their status as a franchise.