Alaska businesses impacted by the pandemic have a little more time to tap into tens of millions in unspent federal relief funds.
That’s according to Alaska’s Department of Commerce, Community and Economic Development, which announced Monday there are two more weeks for the Alaska ARPA Business Relief Program. That means the new deadline to apply for a share of $34 million in federal relief for Alaska businesses will be April 30.
Businesses that already received ARPA funds won’t be eligible. The threshold to qualify for the relief has also changed – applicants now have to show they lost at least 30% of their gross revenue between 2019 and 2020 because of the pandemic. Business owners previously had to show a 50% loss.
Again, the new deadline to apply for businesses to apply for ARPA relief funds is April 30 at 5p.m. More information is available on the State of Alaska’s website, and from SWAMC.