AK CARES

The AK CARES Small Business Directed Grant Program is no longer accepting applications. 

- Please visit the DCCED website for current loans and grant opportunities -

AKCARES Online Portal

 

Small Business Aid

The State of Alaska’s Department of Commerce, Community and Economic 
Development (DCCED) and the Alaska Industrial Development and Export Authority (AIDEA) 
have partnered together to provide emergency relief for Alaskan small businesses.
 
To learn more about who is eligible for funding and what is needed to apply, visit the DCCED website.

                      

 

 

 

 

 

  Who Can Apply?

Eligible small businesses include C-Corps, S-Corps, Partnerships, nonprofits (501(c)3 or 501(c)19), or sole proprietorships with a current Alaska Business License that:
 
  • Did not qualify or were otherwise unable to obtain SBA PPP or EIDL funding
  • Business was licensed and established when the public health disaster emergency declaration was issued by Governor Dunleavy on March 11, 2020
  • Have on average 50 or fewer employees

 

 
    
 

   Who is Not Eligible to Apply?

  •    Marijuana related businesses
  •    Secondary income sources 
  •    Out of state businesses  
  •    Businesses that have secured funding from the SBA’s PPP, EIDL, or 
    other federal funding programs under the CARES Act
  •    Businesses with more than 50 full time equivalent employees
  •    Businesses that have filed bankruptcy Businesses that do not meet
    the eligibility criteria
     outlined above

 

 

Eligible Expenses

The amount of each grant award will be based on the following COVID-19 emergency related eligible expenses during the period 8 weeks prior and 8 weeks following your business application date:
  • Payroll costs and expenses Payment of any short term (less than 24 months) or credit card debt incurred by the applicant to support the applicant’s business during the emergency
  • Rent or mortgage payments (unless otherwise waived by lessor / lenders
  • Utilities payments 
  • Purchase of personal protective equipment required by the business
  • Business related equipment; and expenses incurred to replenish inventory or other necessary re-opening expenses
  •