The Alaska State Legislature appropriated $90 million from the State’s American Rescue Plan Act (ARPA) Covid State and Local Fiscal Recovery Funds (CSLFRF) toward a tourism and business relief grant program to be administered by the Department of Commerce, Community, and Economic Development (DCCED).
Donor Name: Department of Commerce, Community, and Economic Development (DCCED)
State: Alaska
County: All Counties
Type of Grant: Grant
Deadline (mm/dd/yyyy): 04/15/2022
Details:
The Juneau Economic Development Council (JEDC) is the administrator for the AK-ARPA business relief program.
Award Amount Calculations
Applications will be grouped into three tiers based on an applicant business’ GAR in 2019:
- Tier One: Businesses with 2019 GAR between $10,000 and $2.5 million
- Tier Two: Businesses with 2019 GAR between $2.51 million and $10 million
- Tier Three: Businesses with 2019 GAR between $10.01 million and $50 million
Grant amounts will be based on documented losses with a grant-cap for each tier.
- Tier One: 80% of documented gross revenue loss up to $250,000
- Tier Two: 80% of documented gross revenue loss up to $500,000
- Tier Three: 80% of documented gross revenue loss up to $1 million
Eligibility Requirements
- Business must be Alaska-based. Sole proprietorship businesses must be owned by Alaskan residents.
- Must be a for-profit business.
- Business revenues must primarily (51% or more) be generated in activities and or services performed in Alaska.
- Reported Gross Annual Revenue (GAR) must be between $10,000 and $50 million in 2019.
- Business must have held an active State of Alaska Business License as of January 1, 2021 (unless exempt under AS 43.70.105, in which case the business will need to provide proof of the requirement licensure under that exemption, as applicable). Businesses that held a valid State Business License that expired on December 31, 2020 and have subsequently renewed are also eligible for this program.
- Business must have been in operation before January 1, 2020 with proof of a filed 2019 and 2020 tax return. (For a subsidiary filing independently of their corporation, a consolidated tax return with schedules delineating revenue streams is acceptable.)
- Business must have experienced a decrease of at least 50% in gross revenue between 2019 and 2020 due to COVID-19 public health emergency.
- Business must have a DUNS number. For guidance on how to obtain and/or manage a DUNS number, visit our DUNS Number Guide.
- To be an eligible commercial fishing business, fisherman must permanently hold a Limited Entry or Interim Entry Permit for 2019 and 2020. Temporary Permit Holders are ineligible.
- A corporation may file as a whole, or for one subsidiary. Multiple subsidiaries of one corporation may not apply; a corporation and one of its subsidiaries may not both apply.
- Applicants must self-certify that, barring unforeseen circumstances, they will remain in business through Calendar Year 2023.
For more information, visit AK-ARPA Business Relief Program.
