Deadline to apply for CBJ’s Expanded Business Sustainability Grant is Aug. 31
Today is the final day to apply for CBJ’s Expanded Business Sustainability Grant through the Juneau Economic Development Council (JEDC). CBJ released additional funding for small businesses and nonprofits that are experiencing financial hardship due to the COVID-19 pandemic.
Small Businesses in Juneau can qualify for funding through one of two grant programs. Find more information and apply here. JEDC encourages organizations to review grant worksheets that have been provided to better understand what is required prior to applying for funding. Both grants require that you demonstrate your organization is experiencing financial hardship due to COVID-19.
What are the differences between the CBJ Business Sustainability Grant and the Small Business Express Grant?
The CBJ Business Sustainability Grant calculates need based on 100% of fixed costs such as rent, debt, inventory and utilities and offers up to $99,000 in grant money. Additional considerations for the expanded grant are long term debt, short term debt and subscription based expenses. Additionally businesses that received a CBJ Emergency Loan, are eligible to have one-fourth of their loan amount, six months of payments without interest, paid for.
The Small Business Express Grant calculates need based on 10% of your 2019 income, up to $5,000. It was created to help much smaller business who have not been able to receive funding through the original grant program. The Small Business Express Grant is less intricate by simplifying assertion of need and documentation required.
CBJ received funding for the grant program through the federal CARES Act. Again, the deadline to apply is today. JEDC will then process and start to disburse funds mid-September.