ARPA Nonprofit Recovery Fund

The State of Alaska has awarded $20 million from the American Rescue Plan Act (ARPA) to the Department of Commerce, Community, and Economic Development for distribution to the nonprofit sector. The Department of Commerce, Community, and Economic Development is...

Economic Recovery Resources

There are many resources available right now if you are struggling as a result of the Covid-19 pandemic. HEDC is happy to help walk you through these applications. We have a computer for public use in our office, as well as a printer and scanner. Current 5/18/21....

Paycheck Protection Program re-opens

The Paycheck Protection Program has re-opened for both new and second round borrowers. This is a forgiveable loan available to all business types (non-profits, fishermen, sole proprietors, etc.). HEDC can offer help with your application. Apply through your...

Additional Relief for Commercial Fisherman Available Now

The Seafood Trade Relief Program (STRP) is providing up to $530 million in direct support for commercial fishermen. Support is based on the net quantity of the applicant’s share of the total production of caught and sold seafood from January 1, 2019 to December 31,...

Further AK CARES Eligibility Expansion in Effect Today

As of Monday, August 31, 2020, business which previously received any amount of Payment Protection Program (PPP) or Economic Injury Disaster Loans (EIDL) are now eligible to apply for the AK CARES grant program. Secondary source income businesses are also eligible...

PPP & EIDL Recipients to qualify for AK CARES Grant

As of today, Governor Mike Dunleavy submitted revisions to the Legislative Budget & Audit Committee to further expand eligibility to the AK CARES grant program. Under the new modifications, Alaska businesses which previously received Paycheck Protection Program...