Econ 919 — Restrictions loosen on Alaska CARES grants

Aug 21, 2020


Alaska CARES grants have been slow to get to the businesses and organizations struggling with the economic impacts of the coronavirus pandemic.

Legal issues have been dismissed, processing problems are being addressed and on Thursday, Gov. Mike Dunleavy proposed modifications to expand eligibility.

Currently, applicants are ineligible for an Alaska CARES grant if they previously received more than $5,000 in a federal CARES-funded assistance program or if the business is a secondary source of income. Dunleavy is proposing to do away with those restrictions. The changes could take effect as soon as the Legislative Budget and Audit Committee meets and approves the proposal. If the committee does not take up the proposal, it goes into effect in 45 days.

Here to talk about the proposed changes is Tim Dillon, executive director of the Kenai Peninsula Economic Development District, which is assisting applicants on the Kenai Peninsula.