Alaska CARES Act

Funding Program Information

The AK CARES Funding Program is structured as a coronavirus relief fund. KPEDD is assisting with the outreach in the Kenai Peninsula.

The Alaska Department of Commerce, Community and Economic Development (DCCED) has engaged the Alaska Industrial Development and Export Authority (AIDEA) to assist in program oversight.

Grant amounts range from $5,000 to $100,000 per applicant business Credit Union 1 is the program operator and will receive, review and process grant applications.

The initial tranch of $150,000,000 will be available for applicants on June 1, 2020.