2020 Permanent Fund Dividend to Begin Distribution July 1
Office of Governor Dunleavy
ANCHORAGE—Governor Mike Dunleavy announced the Permanent Fund Dividend Division will begin distribution of the 2020 Permanent Fund Dividend (PFD) to eligible Alaskans on July 1, 2020.
“This has been a difficult situation for everyone—individual Alaskans have been hurt economically, businesses have been hurt economically,” says Governor Dunleavy. “We’re going to do all we can to get that going in the right direction. As a result, we’re going to move up the date for the PFD for Alaskans to July 1. Usually that goes out in October, but we’re in extraordinary times and we need to make sure the people of Alaska have cash in their hands to help with this economy. I can’t think of a better time to do it than now. We’re starting the process right now so come July 1, we’re going to be sending out the Permanent Fund checks to all Alaskans that qualify and are eligible.”
As of May 20, the Permanent Fund Dividend Division had received 671,364 PFD applications and 85 percent of applicants’ eligibility has been determined. The Division estimates nearly 600,000 Alaskans will receive payment on July 1. Because not all applicants will be determined by June 19, Alaskans may receive payments July 23, August 20, or subsequent months thereafter. The division pays dividends monthly until all eligible Alaskans are paid.
Additional information may be made available at https://pfd.alaska.gov/.
This year the Alaska Railroad is celebrating 100 years of transportation people and cargo around Alaska. While the railroad is one of the states oldest transporters, it certainly isn’t the only one, and in this issue of Alaska Business we also check in on the Marine Highway, Span Alaska, and the White Pass & Yukon Route. For those interested in Southeast, our focus on that region provides updates on Kensington Mine, Tongass FCU, the troll fishery, and Juneau’s growing landfill.